Business & Finance Waterbury, CT Pop. 114,403

Insurance Underwriter Salary in Waterbury, Connecticut

The median insurance underwriter salary in Waterbury, CT is $82,532 per year, which is 6.0% above the national median and 11.7% below the Connecticut state average.

City Median
$82,532
vs State Avg
$-10,900
vs National
+$4,672
Cost of Living
98%

Insurance Underwriter Salary in Waterbury by Experience

In Waterbury, an entry-level insurance underwriter earns around $53,000, while experienced professionals earn up to $121,900 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$53,000
+$3,000 vs national
Mid Level (3-7 yrs)
$82,680
+$4,680 vs national
Senior Level (8+ yrs)
$121,900
+$6,900 vs national

Salary Percentiles in Waterbury, CT

Percentile Waterbury
10th Percentile $51,516
25th Percentile $64,872
Median (50th) $82,532
75th Percentile $106,000
90th Percentile $133,984

Insurance Underwriter Salary in Other Connecticut Cities

Stamford, CT
$113,676
Pop. 135,470
New Haven, CT
$91,875
Pop. 134,023
Bridgeport, CT
$90,318
Pop. 148,529
Hartford, CT
$87,982
Pop. 121,054

How to Become a Insurance Underwriter in Waterbury

Education

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

Find Insurance Underwriter Jobs in Waterbury

Browse open insurance underwriter positions in Waterbury, CT:

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Frequently Asked Questions: Insurance Underwriter Salary in Waterbury

How much does a Insurance Underwriter make in Waterbury, CT? ▼
The median insurance underwriter salary in Waterbury, Connecticut is $82,532 per year, which is 6.0% above the national median of $77,860. Salaries range from $51,516 (10th percentile) to $133,984 (90th percentile).
How much does a Insurance Underwriter make per hour in Waterbury? ▼
Based on the median annual salary of $82,532, a insurance underwriter in Waterbury earns approximately $40 per hour assuming a standard 2,080-hour work year.
How does Waterbury compare to the Connecticut state average for insurance underwriter pay? ▼
Waterbury's median insurance underwriter salary of $82,532 is 11.7% below the Connecticut state average of $93,432. The local cost of living index is 98% of the national average.
What is the cost of living in Waterbury, CT? ▼
Waterbury has a cost of living index of 98% compared to the national average. This means a insurance underwriter salary of $82,532 in Waterbury has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Waterbury? ▼
Most insurance underwriter positions in Waterbury 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.