Business & Finance Alaska (AK) Rank #5 of 50

Insurance Underwriter Salary in Alaska

The median insurance underwriter salary in Alaska is $96,546 per year, which is 24.0% above the national median of $77,860.

Median Salary
$96,546
vs National
+$18,686
State Rank
#5 of 50
Cost of Living
124%

Insurance Underwriter Salary Overview in Alaska (2026)

Alaska ranks #5 out of 50 states for insurance underwriter compensation. This places Alaska in the top tier nationally, making it one of the best states for insurance underwriters seeking high pay. At $96,546 per year, insurance underwriters in Alaska earn $18,686 more than the national median of $77,860.

It's worth noting that Alaska's cost of living is 124% of the national average, which reduces the real purchasing power of the $96,546 salary. After adjusting for cost of living, the effective salary is closer to $77,860.

The salary spread in Alaska is significant: insurance underwriters at the 10th percentile earn $60,264, while those at the 90th percentile bring home $156,736 — a $96,472 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Alaska for this role is Juneau, where the median reaches $105,111.

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Despite slower growth nationally, experienced insurance underwriters with in-demand specializations continue to command strong salaries.

Insurance Underwriter Salary in Alaska by Experience

In Alaska, an entry-level insurance underwriter earns around $62,000, while experienced professionals earn up to $142,600 per year. The cost of living index in Alaska is 124% of the national average.

Entry Level (0-2 yrs)
$62,000
+$12,000 vs national
Mid Level (3-7 yrs)
$96,720
+$18,720 vs national
Senior Level (8+ yrs)
$142,600
+$27,600 vs national

Build Wealth on Your Income

With a $96,546 income, financial advisors recommend investing 15–20% annually. Start building a diversified portfolio with as little as $10.

See Investment Options →

Salary Percentiles in Alaska

Percentile AK Salary
10th Percentile $60,264
25th Percentile $75,888
Median (50th) $96,546
75th Percentile $124,000
90th Percentile $156,736

Insurance Underwriter Salary by City in Alaska

The largest employment areas for insurance underwriters in Alaska include Anchorage, Fairbanks, Juneau, and Sitka. Salaries vary by city based on local cost of living and demand.

How to Become a Insurance Underwriter in Alaska

Education

Most insurance underwriter positions require a bachelor's degree. Alaska has several accredited institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook in Alaska

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Alaska's demand may vary based on local industry trends.

Negotiate Your Way to Senior Pay

Data shows Insurance Underwriters who negotiate earn 7–15% more. A single negotiation could add $46,054 over your career trajectory.

Get Negotiation Scripts — $197 →

Open to Insurance Underwriter Roles in Alaska?

Get matched with recruiters hiring insurance underwriters in Alaska at competitive salaries.

Or browse positions directly:

Frequently Asked Questions: Insurance Underwriter Salary in Alaska

How much does a Insurance Underwriter make in Alaska? ▼
The median insurance underwriter salary in Alaska is $96,546 per year, which is 24.0% above the national median of $77,860. Salaries range from $60,264 (10th percentile) to $156,736 (90th percentile).
How much does a Insurance Underwriter make per hour in Alaska? ▼
Based on the median annual salary of $96,546, a insurance underwriter in Alaska earns approximately $46 per hour assuming a standard 2,080-hour work year.
Is Alaska a good state for insurance underwriters? ▼
Alaska ranks #5 out of 50 states for insurance underwriter pay. The cost of living index is 124% of the national average. Entry-level insurance underwriters earn $62,000, while senior professionals earn $142,600.
How does Alaska compare to other states for insurance underwriter salary? ▼
The highest paying state for insurance underwriters is Hawaii at $132,362. Alaska's median of $96,546 ranks #5 nationally. Nearby-ranked states include California ($107,447) and New York ($104,332).
What is the entry-level insurance underwriter salary in Alaska? ▼
An entry-level insurance underwriter in Alaska earns approximately $62,000 per year. With 3-7 years of experience, pay increases to around $96,720. Senior-level professionals with 8+ years earn up to $142,600.
What city in Alaska pays insurance underwriters the most? ▼
Juneau is the highest paying city in Alaska for insurance underwriters, with a median salary of $105,111. Other cities include Anchorage and Fairbanks.