Business & Finance Miami, FL Pop. 442,241

Insurance Underwriter Salary in Miami, Florida

The median insurance underwriter salary in Miami, FL is $91,875 per year, which is 18.0% above the national median and 20.4% above the Florida state average.

City Median
$91,875
vs State Avg
+$15,572
vs National
+$14,015
Cost of Living
118%

Insurance Underwriter Salary in Miami by Experience

In Miami, an entry-level insurance underwriter earns around $59,000, while experienced professionals earn up to $135,700 per year. The local cost of living index is 118% of the national average.

Entry Level (0-2 yrs)
$59,000
+$9,000 vs national
Mid Level (3-7 yrs)
$92,040
+$14,040 vs national
Senior Level (8+ yrs)
$135,700
+$20,700 vs national

Salary Percentiles in Miami, FL

Percentile Miami
10th Percentile $57,348
25th Percentile $72,216
Median (50th) $91,875
75th Percentile $118,000
90th Percentile $149,152

Insurance Underwriter Salary in Other Florida Cities

Fort Lauderdale, FL
$89,539
Pop. 182,760
Orlando, FL
$79,417
Pop. 307,573
Tampa, FL
$77,860
Pop. 384,959
Jacksonville, FL
$73,967
Pop. 949,611

How to Become a Insurance Underwriter in Miami

Education

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

Find Insurance Underwriter Jobs in Miami

Browse open insurance underwriter positions in Miami, FL:

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Frequently Asked Questions: Insurance Underwriter Salary in Miami

How much does a Insurance Underwriter make in Miami, FL? ▼
The median insurance underwriter salary in Miami, Florida is $91,875 per year, which is 18.0% above the national median of $77,860. Salaries range from $57,348 (10th percentile) to $149,152 (90th percentile).
How much does a Insurance Underwriter make per hour in Miami? ▼
Based on the median annual salary of $91,875, a insurance underwriter in Miami earns approximately $44 per hour assuming a standard 2,080-hour work year.
How does Miami compare to the Florida state average for insurance underwriter pay? ▼
Miami's median insurance underwriter salary of $91,875 is 20.4% above the Florida state average of $76,303. The local cost of living index is 118% of the national average.
What is the cost of living in Miami, FL? ▼
Miami has a cost of living index of 118% compared to the national average. This means a insurance underwriter salary of $91,875 in Miami has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Miami? ▼
Most insurance underwriter positions in Miami 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.