Business & Finance Lexington, KY Pop. 322,570

Insurance Underwriter Salary in Lexington, Kentucky

The median insurance underwriter salary in Lexington, KY is $72,410 per year, which is 7% below the national median and 6.9% above the Kentucky state average.

City Median
$72,410
vs State Avg
+$4,672
vs National
$-5,450
Cost of Living
93%

Insurance Underwriter Salary in Lexington by Experience

In Lexington, 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 Lexington, KY

Percentile Lexington
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 Kentucky Cities

Louisville, KY
$71,631
Pop. 633,045
Covington, KY
$68,517
Pop. 40,961
Bowling Green, KY
$65,402
Pop. 74,735
Owensboro, KY
$63,845
Pop. 60,183

How to Become a Insurance Underwriter in Lexington

Education

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

Find Insurance Underwriter Jobs in Lexington

Browse open insurance underwriter positions in Lexington, KY:

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Frequently Asked Questions: Insurance Underwriter Salary in Lexington

How much does a Insurance Underwriter make in Lexington, KY? ▼
The median insurance underwriter salary in Lexington, Kentucky 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 Lexington? ▼
Based on the median annual salary of $72,410, a insurance underwriter in Lexington earns approximately $35 per hour assuming a standard 2,080-hour work year.
How does Lexington compare to the Kentucky state average for insurance underwriter pay? ▼
Lexington's median insurance underwriter salary of $72,410 is 6.9% above the Kentucky state average of $67,738. The local cost of living index is 93% of the national average.
What is the cost of living in Lexington, KY? ▼
Lexington has a cost of living index of 93% compared to the national average. This means a insurance underwriter salary of $72,410 in Lexington has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Lexington? ▼
Most insurance underwriter positions in Lexington 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.