Insurance Underwriter Salary in Denver, Colorado
The median insurance underwriter salary in Denver, CO is $87,203 per year, which is 12.0% above the national median and 6.7% above the Colorado state average.
Insurance Underwriter Pay in Denver: What to Expect (2026)
Denver offers a median insurance underwriter salary of $87,203, which is $5,450 above the Colorado state average of $81,753. Compared to the national median of $77,860, Denver pays above average for this role.
However, Denver's cost of living index is 112%, significantly above the national average. After adjusting for local costs, the $87,203 salary has an effective purchasing power of approximately $77,860. Housing, transportation, and food costs in Denver should be factored into any relocation or job-change decision.
The salary range for insurance underwriters in Denver spans from $54,432 at the 10th percentile to $141,568 at the 90th percentile — a $87,136 spread. Entry-level professionals start around $56,000, while senior insurance underwriters with 8+ years of experience can earn up to $128,800. As a major metro area with a population of 715,522, Denver typically offers more job opportunities and employer competition, which can drive salaries higher.
Insurance Underwriter Salary in Denver by Experience
In Denver, an entry-level insurance underwriter earns around $56,000, while experienced professionals earn up to $128,800 per year. The local cost of living index is 112% of the national average.
Salary Percentiles in Denver, CO
| Percentile | Denver |
|---|---|
| 10th Percentile | $54,432 |
| 25th Percentile | $68,544 |
| Median (50th) | $87,203 |
| 75th Percentile | $112,000 |
| 90th Percentile | $141,568 |
Insurance Underwriter Salary in Other Colorado Cities
How to Become a Insurance Underwriter in Denver
Education
Most insurance underwriter positions require a bachelor's degree. Denver and the surrounding Colorado area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Demand in Denver may vary based on local industry and population growth.
Find Insurance Underwriter Jobs in Denver
Browse open insurance underwriter positions in Denver, CO: