Business & Finance Colorado (CO) Rank #15 of 50

Insurance Underwriter Salary in Colorado

The median insurance underwriter salary in Colorado is $81,753 per year, which is 5.0% above the national median of $77,860.

Median Salary
$81,753
vs National
+$3,893
State Rank
#15 of 50
Cost of Living
105%

Insurance Underwriter Salary in Colorado by Experience

In Colorado, an entry-level insurance underwriter earns around $52,500, while experienced professionals earn up to $120,750 per year. The cost of living index in Colorado is 105% of the national average.

Entry Level (0-2 yrs)
$52,500
+$2,500 vs national
Mid Level (3-7 yrs)
$81,900
+$3,900 vs national
Senior Level (8+ yrs)
$120,750
+$5,750 vs national

Salary Percentiles in Colorado

Percentile CO Salary
10th Percentile $51,030
25th Percentile $64,260
Median (50th) $81,753
75th Percentile $105,000
90th Percentile $132,720

Major Cities for Insurance Underwriters in Colorado

The largest employment areas for insurance underwriters in Colorado include Denver, Colorado Springs, Aurora, and Fort Collins. Salaries in major metro areas may be higher due to increased demand and cost of living.

Denver, CO
Metro area for insurance underwriter employment
Colorado Springs, CO
Metro area for insurance underwriter employment
Aurora, CO
Metro area for insurance underwriter employment
Fort Collins, CO
Metro area for insurance underwriter employment
Boulder, CO
Metro area for insurance underwriter employment

How to Become a Insurance Underwriter in Colorado

Education

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

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook in Colorado

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