Business & Finance Montgomery, AL Pop. 200,603

Insurance Underwriter Salary in Montgomery, Alabama

The median insurance underwriter salary in Montgomery, AL is $66,960 per year, which is 14% below the national median and 1.1% below the Alabama state average.

City Median
$66,960
vs State Avg
$-778
vs National
$-10,900
Cost of Living
86%

Insurance Underwriter Salary in Montgomery by Experience

In Montgomery, an entry-level insurance underwriter earns around $43,000, while experienced professionals earn up to $98,900 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$43,000
$-7,000 vs national
Mid Level (3-7 yrs)
$67,080
$-10,920 vs national
Senior Level (8+ yrs)
$98,900
$-16,100 vs national

Salary Percentiles in Montgomery, AL

Percentile Montgomery
10th Percentile $41,796
25th Percentile $52,632
Median (50th) $66,960
75th Percentile $86,000
90th Percentile $108,704

Insurance Underwriter Salary in Other Alabama Cities

Huntsville, AL
$71,631
Pop. 216,963
Birmingham, AL
$70,074
Pop. 197,575
Tuscaloosa, AL
$68,517
Pop. 101,129
Mobile, AL
$66,181
Pop. 187,041

How to Become a Insurance Underwriter in Montgomery

Education

Most insurance underwriter positions require a bachelor's degree. Montgomery and the surrounding Alabama area have institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Demand in Montgomery may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Montgomery

Browse open insurance underwriter positions in Montgomery, AL:

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Frequently Asked Questions: Insurance Underwriter Salary in Montgomery

How much does a Insurance Underwriter make in Montgomery, AL? ▼
The median insurance underwriter salary in Montgomery, Alabama is $66,960 per year, which is 14% below the national median of $77,860. Salaries range from $41,796 (10th percentile) to $108,704 (90th percentile).
How much does a Insurance Underwriter make per hour in Montgomery? ▼
Based on the median annual salary of $66,960, a insurance underwriter in Montgomery earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Montgomery compare to the Alabama state average for insurance underwriter pay? ▼
Montgomery's median insurance underwriter salary of $66,960 is 1.1% below the Alabama state average of $67,738. The local cost of living index is 86% of the national average.
What is the cost of living in Montgomery, AL? ▼
Montgomery has a cost of living index of 86% compared to the national average. This means a insurance underwriter salary of $66,960 in Montgomery has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Montgomery? ▼
Most insurance underwriter positions in Montgomery require a bachelor's degree. Key skills include Risk Assessment, Analytical Skills, Insurance Regulations, Underwriting Software. The job market is projected to grow -2% nationally over the next decade.