Business & Finance Baltimore, MD Pop. 585,708

Insurance Underwriter Salary in Baltimore, Maryland

The median insurance underwriter salary in Baltimore, MD is $87,982 per year, which is 13.0% above the national median and 1.7% below the Maryland state average.

City Median
$87,982
vs State Avg
$-1,557
vs National
+$10,122
Cost of Living
108%

Insurance Underwriter Pay in Baltimore: What to Expect (2026)

Baltimore offers a median insurance underwriter salary of $87,982, which is $1,557 below the Maryland state average of $89,539. Compared to the national median of $77,860, Baltimore pays above average for this role.

Baltimore's cost of living is 108% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for insurance underwriters in Baltimore spans from $54,918 at the 10th percentile to $142,832 at the 90th percentile — a $87,914 spread. Entry-level professionals start around $56,500, while senior insurance underwriters with 8+ years of experience can earn up to $129,950. As a major metro area with a population of 585,708, Baltimore typically offers more job opportunities and employer competition, which can drive salaries higher.

Insurance Underwriter Salary in Baltimore by Experience

In Baltimore, an entry-level insurance underwriter earns around $56,500, while experienced professionals earn up to $129,950 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$56,500
+$6,500 vs national
Mid Level (3-7 yrs)
$88,140
+$10,140 vs national
Senior Level (8+ yrs)
$129,950
+$14,950 vs national

Salary Percentiles in Baltimore, MD

Percentile Baltimore
10th Percentile $54,918
25th Percentile $69,156
Median (50th) $87,982
75th Percentile $113,000
90th Percentile $142,832

Insurance Underwriter Salary in Other Maryland Cities

Silver Spring, MD
$98,882
Pop. 81,015
Columbia, MD
$95,768
Pop. 104,681
Germantown, MD
$93,432
Pop. 90,676
Waldorf, MD
$85,646
Pop. 77,000

How to Become a Insurance Underwriter in Baltimore

Education

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

Find Insurance Underwriter Jobs in Baltimore

Browse open insurance underwriter positions in Baltimore, MD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Baltimore

How much does a Insurance Underwriter make in Baltimore, MD? ▼
The median insurance underwriter salary in Baltimore, Maryland is $87,982 per year, which is 13.0% above the national median of $77,860. Salaries range from $54,918 (10th percentile) to $142,832 (90th percentile).
How much does a Insurance Underwriter make per hour in Baltimore? ▼
Based on the median annual salary of $87,982, a insurance underwriter in Baltimore earns approximately $42 per hour assuming a standard 2,080-hour work year.
How does Baltimore compare to the Maryland state average for insurance underwriter pay? ▼
Baltimore's median insurance underwriter salary of $87,982 is 1.7% below the Maryland state average of $89,539. The local cost of living index is 108% of the national average.
What is the cost of living in Baltimore, MD? ▼
Baltimore has a cost of living index of 108% compared to the national average. This means a insurance underwriter salary of $87,982 in Baltimore has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Baltimore? ▼
Most insurance underwriter positions in Baltimore 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.