Business & Finance South Bend, IN Pop. 103,453

Insurance Underwriter Salary in South Bend, Indiana

The median insurance underwriter salary in South Bend, IN is $64,624 per year, which is 17% below the national median and 7.8% below the Indiana state average.

City Median
$64,624
vs State Avg
$-5,450
vs National
$-13,236
Cost of Living
83%

Insurance Underwriter Salary in South Bend by Experience

In South Bend, an entry-level insurance underwriter earns around $41,500, while experienced professionals earn up to $95,450 per year. The local cost of living index is 83% of the national average.

Entry Level (0-2 yrs)
$41,500
$-8,500 vs national
Mid Level (3-7 yrs)
$64,740
$-13,260 vs national
Senior Level (8+ yrs)
$95,450
$-19,550 vs national

Salary Percentiles in South Bend, IN

Percentile South Bend
10th Percentile $40,338
25th Percentile $50,796
Median (50th) $64,624
75th Percentile $83,000
90th Percentile $104,912

Insurance Underwriter Salary in Other Indiana Cities

How to Become a Insurance Underwriter in South Bend

Education

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