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

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.