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.
Insurance Underwriter Pay in Indianapolis: What to Expect (2026)
Indianapolis offers a median insurance underwriter salary of $72,410, which is $2,336 above the Indiana state average of $70,074. Compared to the national median of $77,860, Indianapolis pays below the national benchmark for this role.
Indianapolis's cost of living is 93% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for insurance underwriters in Indianapolis spans from $45,198 at the 10th percentile to $117,552 at the 90th percentile — a $72,354 spread. Entry-level professionals start around $46,500, while senior insurance underwriters with 8+ years of experience can earn up to $106,950. As a major metro area with a population of 887,642, Indianapolis typically offers more job opportunities and employer competition, which can drive salaries higher.
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.
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
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
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: