Insurance Underwriter Salary in Minnesota
The median insurance underwriter salary in Minnesota is $77,081 per year, which is 1% below the national median of $77,860.
Insurance Underwriter Salary Overview in Minnesota (2026)
Minnesota ranks #19 out of 50 states for insurance underwriter compensation. Minnesota falls in the middle of the pack for insurance underwriter pay, offering salaries near the national average. At $77,081 per year, insurance underwriters in Minnesota earn $779 less than the national median of $77,860.
Minnesota's cost of living is near the national average at 97%, meaning insurance underwriter salaries here translate closely to their face value in purchasing power.
The salary spread in Minnesota is significant: insurance underwriters at the 10th percentile earn $48,114, while those at the 90th percentile bring home $125,136 — a $77,022 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Minnesota for this role is Minneapolis, where the median reaches $83,310.
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 Minnesota by Experience
In Minnesota, an entry-level insurance underwriter earns around $49,500, while experienced professionals earn up to $113,850 per year. The cost of living index in Minnesota is 97% of the national average.
Build Wealth on Your Income
With a $77,081 income, financial advisors recommend investing 15–20% annually. Start building a diversified portfolio with as little as $10.
See Investment Options →Salary Percentiles in Minnesota
| Percentile | MN Salary |
|---|---|
| 10th Percentile | $48,114 |
| 25th Percentile | $60,588 |
| Median (50th) | $77,081 |
| 75th Percentile | $99,000 |
| 90th Percentile | $125,136 |
Insurance Underwriter Salary by City in Minnesota
The largest employment areas for insurance underwriters in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries vary by city based on local cost of living and demand.
How to Become a Insurance Underwriter in Minnesota
Education
Most insurance underwriter positions require a bachelor's degree. Minnesota has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Minnesota
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Minnesota'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 $36,769 over your career trajectory.
Get Negotiation Scripts — $197 →Open to Insurance Underwriter Roles in Minnesota?
Get matched with recruiters hiring insurance underwriters in Minnesota at competitive salaries.
Or browse positions directly: