Insurance Underwriter Salary in Maryland
The median insurance underwriter salary in Maryland is $89,539 per year, which is 15.0% above the national median of $77,860.
Insurance Underwriter Salary in Maryland by Experience
In Maryland, an entry-level insurance underwriter earns around $57,500, while experienced professionals earn up to $132,250 per year. The cost of living index in Maryland is 110% of the national average.
Salary Percentiles in Maryland
| Percentile | MD Salary |
|---|---|
| 10th Percentile | $55,890 |
| 25th Percentile | $70,380 |
| Median (50th) | $89,539 |
| 75th Percentile | $115,000 |
| 90th Percentile | $145,360 |
Major Cities for Insurance Underwriters in Maryland
The largest employment areas for insurance underwriters in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Insurance Underwriter in Maryland
Education
Most insurance underwriter positions require a bachelor's degree. Maryland has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Maryland
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Maryland's demand may vary based on local industry trends.