Business & Finance Phoenix, AZ Pop. 1,608,139

Insurance Underwriter Salary in Phoenix, Arizona

The median insurance underwriter salary in Phoenix, AZ is $77,860 per year, which is 0.0% above the national median and 3.1% above the Arizona state average.

City Median
$77,860
vs State Avg
+$2,336
vs National
+$0
Cost of Living
100%

Insurance Underwriter Pay in Phoenix: What to Expect (2026)

Phoenix offers a median insurance underwriter salary of $77,860, which is $2,336 above the Arizona state average of $75,524. Compared to the national median of $77,860, Phoenix pays above average for this role.

Phoenix's cost of living is 100% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for insurance underwriters in Phoenix spans from $48,600 at the 10th percentile to $126,400 at the 90th percentile — a $77,800 spread. Entry-level professionals start around $50,000, while senior insurance underwriters with 8+ years of experience can earn up to $115,000. As a major metro area with a population of 1,608,139, Phoenix typically offers more job opportunities and employer competition, which can drive salaries higher.

Insurance Underwriter Salary in Phoenix by Experience

In Phoenix, an entry-level insurance underwriter earns around $50,000, while experienced professionals earn up to $115,000 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$50,000
+$0 vs national
Mid Level (3-7 yrs)
$78,000
+$0 vs national
Senior Level (8+ yrs)
$115,000
+$0 vs national

Salary Percentiles in Phoenix, AZ

Percentile Phoenix
10th Percentile $48,600
25th Percentile $61,200
Median (50th) $77,860
75th Percentile $100,000
90th Percentile $126,400

Insurance Underwriter Salary in Other Arizona Cities

How to Become a Insurance Underwriter in Phoenix

Education

Most insurance underwriter positions require a bachelor's degree. Phoenix and the surrounding Arizona 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 Phoenix may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Phoenix

Browse open insurance underwriter positions in Phoenix, AZ:

Frequently Asked Questions: Insurance Underwriter Salary in Phoenix

How much does a Insurance Underwriter make in Phoenix, AZ? ▼
The median insurance underwriter salary in Phoenix, Arizona is $77,860 per year, which is 0.0% above the national median of $77,860. Salaries range from $48,600 (10th percentile) to $126,400 (90th percentile).
How much does a Insurance Underwriter make per hour in Phoenix? ▼
Based on the median annual salary of $77,860, a insurance underwriter in Phoenix earns approximately $37 per hour assuming a standard 2,080-hour work year.
How does Phoenix compare to the Arizona state average for insurance underwriter pay? ▼
Phoenix's median insurance underwriter salary of $77,860 is 3.1% above the Arizona state average of $75,524. The local cost of living index is 100% of the national average.
What is the cost of living in Phoenix, AZ? ▼
Phoenix has a cost of living index of 100% compared to the national average. This means a insurance underwriter salary of $77,860 in Phoenix has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Phoenix? ▼
Most insurance underwriter positions in Phoenix 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.