Business & Finance Missouri (MO) Rank #42 of 50

Insurance Underwriter Salary in Missouri

The median insurance underwriter salary in Missouri is $68,517 per year, which is 12% below the national median of $77,860.

Median Salary
$68,517
vs National
$-9,343
State Rank
#42 of 50
Cost of Living
88%

Insurance Underwriter Salary Overview in Missouri (2026)

Missouri ranks #42 out of 50 states for insurance underwriter compensation. Insurance Underwriter salaries in Missouri are below the national median, though the lower cost of living can offset the difference. At $68,517 per year, insurance underwriters in Missouri earn $9,343 less than the national median of $77,860.

A key advantage of working in Missouri is its below-average cost of living (88% of the national index). This means the $68,517 salary has the purchasing power of roughly $77,860 in an average-cost area.

The salary spread in Missouri is significant: insurance underwriters at the 10th percentile earn $42,768, while those at the 90th percentile bring home $111,232 — a $68,464 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Missouri for this role is Kansas City, where the median reaches $71,631.

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 Missouri by Experience

In Missouri, an entry-level insurance underwriter earns around $44,000, while experienced professionals earn up to $101,200 per year. The cost of living index in Missouri is 88% of the national average.

Entry Level (0-2 yrs)
$44,000
$-6,000 vs national
Mid Level (3-7 yrs)
$68,640
$-9,360 vs national
Senior Level (8+ yrs)
$101,200
$-13,800 vs national

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Salary Percentiles in Missouri

Percentile MO Salary
10th Percentile $42,768
25th Percentile $53,856
Median (50th) $68,517
75th Percentile $88,000
90th Percentile $111,232

Insurance Underwriter Salary by City in Missouri

The largest employment areas for insurance underwriters in Missouri include Kansas City, Saint Louis, Springfield, and Columbia. Salaries vary by city based on local cost of living and demand.

How to Become a Insurance Underwriter in Missouri

Education

Most insurance underwriter positions require a bachelor's degree. Missouri has several accredited institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook in Missouri

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Missouri's demand may vary based on local industry trends.

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Frequently Asked Questions: Insurance Underwriter Salary in Missouri

How much does a Insurance Underwriter make in Missouri? ▼
The median insurance underwriter salary in Missouri is $68,517 per year, which is 12% below the national median of $77,860. Salaries range from $42,768 (10th percentile) to $111,232 (90th percentile).
How much does a Insurance Underwriter make per hour in Missouri? ▼
Based on the median annual salary of $68,517, a insurance underwriter in Missouri earns approximately $33 per hour assuming a standard 2,080-hour work year.
Is Missouri a good state for insurance underwriters? ▼
Missouri ranks #42 out of 50 states for insurance underwriter pay. The cost of living index is 88% of the national average. Entry-level insurance underwriters earn $44,000, while senior professionals earn $101,200.
How does Missouri compare to other states for insurance underwriter salary? ▼
The highest paying state for insurance underwriters is Hawaii at $132,362. Missouri's median of $68,517 ranks #42 nationally. Nearby-ranked states include South Carolina ($69,295) and Tennessee ($69,295).
What is the entry-level insurance underwriter salary in Missouri? ▼
An entry-level insurance underwriter in Missouri earns approximately $44,000 per year. With 3-7 years of experience, pay increases to around $68,640. Senior-level professionals with 8+ years earn up to $101,200.
What city in Missouri pays insurance underwriters the most? ▼
Kansas City is the highest paying city in Missouri for insurance underwriters, with a median salary of $71,631. Other cities include Saint Louis and Springfield.