Business & Finance Kentucky (KY) Rank #46 of 50

Insurance Underwriter Salary in Kentucky

The median insurance underwriter salary in Kentucky is $67,738 per year, which is 13% below the national median of $77,860.

Median Salary
$67,738
vs National
$-10,122
State Rank
#46 of 50
Cost of Living
87%

Insurance Underwriter Salary in Kentucky by Experience

In Kentucky, an entry-level insurance underwriter earns around $43,500, while experienced professionals earn up to $100,050 per year. The cost of living index in Kentucky is 87% of the national average.

Entry Level (0-2 yrs)
$43,500
$-6,500 vs national
Mid Level (3-7 yrs)
$67,860
$-10,140 vs national
Senior Level (8+ yrs)
$100,050
$-14,950 vs national

Salary Percentiles in Kentucky

Percentile KY Salary
10th Percentile $42,282
25th Percentile $53,244
Median (50th) $67,738
75th Percentile $87,000
90th Percentile $109,968

Major Cities for Insurance Underwriters in Kentucky

The largest employment areas for insurance underwriters in Kentucky include Louisville, Lexington, Bowling Green, and Owensboro. Salaries in major metro areas may be higher due to increased demand and cost of living.

Louisville, KY
Metro area for insurance underwriter employment
Lexington, KY
Metro area for insurance underwriter employment
Bowling Green, KY
Metro area for insurance underwriter employment
Owensboro, KY
Metro area for insurance underwriter employment
Covington, KY
Metro area for insurance underwriter employment

How to Become a Insurance Underwriter in Kentucky

Education

Most insurance underwriter positions require a bachelor's degree. Kentucky has several accredited institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook in Kentucky

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Kentucky's demand may vary based on local industry trends.