Business & Finance Covington, KY Pop. 40,961

Insurance Underwriter Salary in Covington, Kentucky

The median insurance underwriter salary in Covington, KY is $68,517 per year, which is 12% below the national median and 1.2% above the Kentucky state average.

City Median
$68,517
vs State Avg
+$779
vs National
$-9,343
Cost of Living
88%

Insurance Underwriter Salary in Covington by Experience

In Covington, an entry-level insurance underwriter earns around $44,000, while experienced professionals earn up to $101,200 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$44,000
$-6,000 vs national
Mid Level (3-7 yrs)
$68,640
$-9,360 vs national
Senior Level (8+ yrs)
$101,200
$-13,800 vs national

Salary Percentiles in Covington, KY

Percentile Covington
10th Percentile $42,768
25th Percentile $53,856
Median (50th) $68,517
75th Percentile $88,000
90th Percentile $111,232

Insurance Underwriter Salary in Other Kentucky Cities

Lexington, KY
$72,410
Pop. 322,570
Louisville, KY
$71,631
Pop. 633,045
Bowling Green, KY
$65,402
Pop. 74,735
Owensboro, KY
$63,845
Pop. 60,183

How to Become a Insurance Underwriter in Covington

Education

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

Find Insurance Underwriter Jobs in Covington

Browse open insurance underwriter positions in Covington, KY:

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Frequently Asked Questions: Insurance Underwriter Salary in Covington

How much does a Insurance Underwriter make in Covington, KY? ▼
The median insurance underwriter salary in Covington, Kentucky is $68,517 per year, which is 12% below the national median of $77,860. Salaries range from $42,768 (10th percentile) to $111,232 (90th percentile).
How much does a Insurance Underwriter make per hour in Covington? ▼
Based on the median annual salary of $68,517, a insurance underwriter in Covington earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Covington compare to the Kentucky state average for insurance underwriter pay? ▼
Covington's median insurance underwriter salary of $68,517 is 1.2% above the Kentucky state average of $67,738. The local cost of living index is 88% of the national average.
What is the cost of living in Covington, KY? ▼
Covington has a cost of living index of 88% compared to the national average. This means a insurance underwriter salary of $68,517 in Covington has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Covington? ▼
Most insurance underwriter positions in Covington 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.