Business & Finance Indianapolis, IN Pop. 887,642

Insurance Underwriter Salary in Indianapolis, Indiana

The median insurance underwriter salary in Indianapolis, IN is $72,410 per year, which is 7% below the national median and 3.3% above the Indiana state average.

City Median
$72,410
vs State Avg
+$2,336
vs National
$-5,450
Cost of Living
93%

Insurance Underwriter Salary in Indianapolis by Experience

In Indianapolis, an entry-level insurance underwriter earns around $46,500, while experienced professionals earn up to $106,950 per year. The local cost of living index is 93% of the national average.

Entry Level (0-2 yrs)
$46,500
$-3,500 vs national
Mid Level (3-7 yrs)
$72,540
$-5,460 vs national
Senior Level (8+ yrs)
$106,950
$-8,050 vs national

Salary Percentiles in Indianapolis, IN

Percentile Indianapolis
10th Percentile $45,198
25th Percentile $56,916
Median (50th) $72,410
75th Percentile $93,000
90th Percentile $117,552

Insurance Underwriter Salary in Other Indiana Cities

Carmel, IN
$81,753
Pop. 99,757
Fort Wayne, IN
$66,181
Pop. 263,886
Evansville, IN
$65,402
Pop. 117,429
South Bend, IN
$64,624
Pop. 103,453

How to Become a Insurance Underwriter in Indianapolis

Education

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

Find Insurance Underwriter Jobs in Indianapolis

Browse open insurance underwriter positions in Indianapolis, IN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Indianapolis

How much does a Insurance Underwriter make in Indianapolis, IN? ▼
The median insurance underwriter salary in Indianapolis, Indiana is $72,410 per year, which is 7% below the national median of $77,860. Salaries range from $45,198 (10th percentile) to $117,552 (90th percentile).
How much does a Insurance Underwriter make per hour in Indianapolis? ▼
Based on the median annual salary of $72,410, a insurance underwriter in Indianapolis earns approximately $35 per hour assuming a standard 2,080-hour work year.
How does Indianapolis compare to the Indiana state average for insurance underwriter pay? ▼
Indianapolis's median insurance underwriter salary of $72,410 is 3.3% above the Indiana state average of $70,074. The local cost of living index is 93% of the national average.
What is the cost of living in Indianapolis, IN? ▼
Indianapolis has a cost of living index of 93% compared to the national average. This means a insurance underwriter salary of $72,410 in Indianapolis has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Indianapolis? ▼
Most insurance underwriter positions in Indianapolis 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.