Business & Finance Maine (ME) Rank #21 of 50

Insurance Underwriter Salary in Maine

The median insurance underwriter salary in Maine is $76,303 per year, which is 2% below the national median of $77,860.

Median Salary
$76,303
vs National
$-1,557
State Rank
#21 of 50
Cost of Living
98%

Insurance Underwriter Salary in Maine by Experience

In Maine, an entry-level insurance underwriter earns around $49,000, while experienced professionals earn up to $112,700 per year. The cost of living index in Maine is 98% of the national average.

Entry Level (0-2 yrs)
$49,000
$-1,000 vs national
Mid Level (3-7 yrs)
$76,440
$-1,560 vs national
Senior Level (8+ yrs)
$112,700
$-2,300 vs national

Salary Percentiles in Maine

Percentile ME Salary
10th Percentile $47,628
25th Percentile $59,976
Median (50th) $76,303
75th Percentile $98,000
90th Percentile $123,872

Major Cities for Insurance Underwriters in Maine

The largest employment areas for insurance underwriters in Maine include Portland, Lewiston, Bangor, and South Portland. Salaries in major metro areas may be higher due to increased demand and cost of living.

Portland, ME
Metro area for insurance underwriter employment
Lewiston, ME
Metro area for insurance underwriter employment
Bangor, ME
Metro area for insurance underwriter employment
South Portland, ME
Metro area for insurance underwriter employment
Auburn, ME
Metro area for insurance underwriter employment

How to Become a Insurance Underwriter in Maine

Education

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

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook in Maine

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