Business & Finance Owensboro, KY Pop. 60,183

Insurance Underwriter Salary in Owensboro, Kentucky

The median insurance underwriter salary in Owensboro, KY is $63,845 per year, which is 18% below the national median and 5.7% below the Kentucky state average.

City Median
$63,845
vs State Avg
$-3,893
vs National
$-14,015
Cost of Living
82%

Insurance Underwriter Salary in Owensboro by Experience

In Owensboro, an entry-level insurance underwriter earns around $41,000, while experienced professionals earn up to $94,300 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$41,000
$-9,000 vs national
Mid Level (3-7 yrs)
$63,960
$-14,040 vs national
Senior Level (8+ yrs)
$94,300
$-20,700 vs national

Salary Percentiles in Owensboro, KY

Percentile Owensboro
10th Percentile $39,852
25th Percentile $50,184
Median (50th) $63,845
75th Percentile $82,000
90th Percentile $103,648

Insurance Underwriter Salary in Other Kentucky Cities

Lexington, KY
$72,410
Pop. 322,570
Louisville, KY
$71,631
Pop. 633,045
Covington, KY
$68,517
Pop. 40,961
Bowling Green, KY
$65,402
Pop. 74,735

How to Become a Insurance Underwriter in Owensboro

Education

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

Find Insurance Underwriter Jobs in Owensboro

Browse open insurance underwriter positions in Owensboro, KY:

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Frequently Asked Questions: Insurance Underwriter Salary in Owensboro

How much does a Insurance Underwriter make in Owensboro, KY? ▼
The median insurance underwriter salary in Owensboro, Kentucky is $63,845 per year, which is 18% below the national median of $77,860. Salaries range from $39,852 (10th percentile) to $103,648 (90th percentile).
How much does a Insurance Underwriter make per hour in Owensboro? ▼
Based on the median annual salary of $63,845, a insurance underwriter in Owensboro earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Owensboro compare to the Kentucky state average for insurance underwriter pay? ▼
Owensboro's median insurance underwriter salary of $63,845 is 5.7% below the Kentucky state average of $67,738. The local cost of living index is 82% of the national average.
What is the cost of living in Owensboro, KY? ▼
Owensboro has a cost of living index of 82% compared to the national average. This means a insurance underwriter salary of $63,845 in Owensboro has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Owensboro? ▼
Most insurance underwriter positions in Owensboro 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.