Business & Finance Evansville, IN Pop. 117,429

Insurance Underwriter Salary in Evansville, Indiana

The median insurance underwriter salary in Evansville, IN is $65,402 per year, which is 16% below the national median and 6.7% below the Indiana state average.

City Median
$65,402
vs State Avg
$-4,672
vs National
$-12,458
Cost of Living
84%

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

Evansville offers a median insurance underwriter salary of $65,402, which is $4,672 below the Indiana state average of $70,074. Compared to the national median of $77,860, Evansville pays below the national benchmark for this role.

One of Evansville's biggest advantages is its low cost of living at 84% of the national average. This means the $65,402 salary stretches further here — equivalent to roughly $77,860 in an average-cost city. This makes Evansville an attractive option for insurance underwriters seeking strong real-dollar compensation.

The salary range for insurance underwriters in Evansville spans from $40,824 at the 10th percentile to $106,176 at the 90th percentile — a $65,352 spread. Entry-level professionals start around $42,000, while senior insurance underwriters with 8+ years of experience can earn up to $96,600. With a population of 117,429, Evansville is a mid-sized metro with a growing job market.

Insurance Underwriter Salary in Evansville by Experience

In Evansville, an entry-level insurance underwriter earns around $42,000, while experienced professionals earn up to $96,600 per year. The local cost of living index is 84% of the national average.

Entry Level (0-2 yrs)
$42,000
$-8,000 vs national
Mid Level (3-7 yrs)
$65,520
$-12,480 vs national
Senior Level (8+ yrs)
$96,600
$-18,400 vs national

Salary Percentiles in Evansville, IN

Percentile Evansville
10th Percentile $40,824
25th Percentile $51,408
Median (50th) $65,402
75th Percentile $84,000
90th Percentile $106,176

Insurance Underwriter Salary in Other Indiana Cities

Carmel, IN
$81,753
Pop. 99,757
Indianapolis, IN
$72,410
Pop. 887,642
Fort Wayne, IN
$66,181
Pop. 263,886
South Bend, IN
$64,624
Pop. 103,453

How to Become a Insurance Underwriter in Evansville

Education

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

Find Insurance Underwriter Jobs in Evansville

Browse open insurance underwriter positions in Evansville, IN:

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Frequently Asked Questions: Insurance Underwriter Salary in Evansville

How much does a Insurance Underwriter make in Evansville, IN? ▼
The median insurance underwriter salary in Evansville, Indiana is $65,402 per year, which is 16% below the national median of $77,860. Salaries range from $40,824 (10th percentile) to $106,176 (90th percentile).
How much does a Insurance Underwriter make per hour in Evansville? ▼
Based on the median annual salary of $65,402, a insurance underwriter in Evansville earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Evansville compare to the Indiana state average for insurance underwriter pay? ▼
Evansville's median insurance underwriter salary of $65,402 is 6.7% below the Indiana state average of $70,074. The local cost of living index is 84% of the national average.
What is the cost of living in Evansville, IN? ▼
Evansville has a cost of living index of 84% compared to the national average. This means a insurance underwriter salary of $65,402 in Evansville has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Evansville? ▼
Most insurance underwriter positions in Evansville 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.