Insurance Underwriter Salary in Massachusetts
The median insurance underwriter salary in Massachusetts is $110,561 per year, which is 42.0% above the national median of $77,860.
Insurance Underwriter Salary Overview in Massachusetts (2026)
Massachusetts ranks #2 out of 50 states for insurance underwriter compensation. This places Massachusetts in the top tier nationally, making it one of the best states for insurance underwriters seeking high pay. At $110,561 per year, insurance underwriters in Massachusetts earn $32,701 more than the national median of $77,860.
It's worth noting that Massachusetts's cost of living is 135% of the national average, which reduces the real purchasing power of the $110,561 salary. After adjusting for cost of living, the effective salary is closer to $81,897.
The salary spread in Massachusetts is significant: insurance underwriters at the 10th percentile earn $69,012, while those at the 90th percentile bring home $179,488 — a $110,476 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Massachusetts for this role is Cambridge, where the median reaches $130,026.
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 Massachusetts by Experience
In Massachusetts, an entry-level insurance underwriter earns around $71,000, while experienced professionals earn up to $163,300 per year. The cost of living index in Massachusetts is 135% of the national average.
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View Offers You Qualify For →Salary Percentiles in Massachusetts
| Percentile | MA Salary |
|---|---|
| 10th Percentile | $69,012 |
| 25th Percentile | $86,904 |
| Median (50th) | $110,561 |
| 75th Percentile | $142,000 |
| 90th Percentile | $179,488 |
Insurance Underwriter Salary by City in Massachusetts
The largest employment areas for insurance underwriters in Massachusetts include Boston, Worcester, Springfield, and Cambridge. Salaries vary by city based on local cost of living and demand.
How to Become a Insurance Underwriter in Massachusetts
Education
Most insurance underwriter positions require a bachelor's degree. Massachusetts has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Massachusetts
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Massachusetts'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 $52,739 over your career trajectory.
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