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

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.