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 Overview in Maryland (2026)
Maryland ranks #8 out of 50 states for insurance underwriter compensation. This places Maryland in the top tier nationally, making it one of the best states for insurance underwriters seeking high pay. At $89,539 per year, insurance underwriters in Maryland earn $11,679 more than the national median of $77,860.
It's worth noting that Maryland's cost of living is 110% of the national average, which reduces the real purchasing power of the $89,539 salary. After adjusting for cost of living, the effective salary is closer to $81,399.
The salary spread in Maryland is significant: insurance underwriters at the 10th percentile earn $55,890, while those at the 90th percentile bring home $145,360 — a $89,470 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Maryland for this role is Silver Spring, where the median reaches $98,882.
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Despite slower growth nationally, experienced insurance underwriters with in-demand specializations continue to command strong salaries.
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.
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See Investment Options →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 |
Insurance Underwriter Salary by City in Maryland
The largest employment areas for insurance underwriters in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries vary by city based on local cost of living and demand.
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.
Negotiate Your Way to Senior Pay
Data shows Insurance Underwriters who negotiate earn 7–15% more. A single negotiation could add $42,711 over your career trajectory.
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