Insurance Underwriter Salary in Montana
The median insurance underwriter salary in Montana is $73,967 per year, which is 5% below the national median of $77,860.
Insurance Underwriter Salary Overview in Montana (2026)
Montana ranks #26 out of 50 states for insurance underwriter compensation. Insurance Underwriter salaries in Montana are below the national median, though the higher cost of living makes this gap more significant. At $73,967 per year, insurance underwriters in Montana earn $3,893 less than the national median of $77,860.
Montana's cost of living is near the national average at 95%, meaning insurance underwriter salaries here translate closely to their face value in purchasing power.
The salary spread in Montana is significant: insurance underwriters at the 10th percentile earn $46,170, while those at the 90th percentile bring home $120,080 — a $73,910 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Montana for this role is Bozeman, where the median reaches $89,539.
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 Montana by Experience
In Montana, an entry-level insurance underwriter earns around $47,500, while experienced professionals earn up to $109,250 per year. The cost of living index in Montana is 95% of the national average.
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See Investment Options →Salary Percentiles in Montana
| Percentile | MT Salary |
|---|---|
| 10th Percentile | $46,170 |
| 25th Percentile | $58,140 |
| Median (50th) | $73,967 |
| 75th Percentile | $95,000 |
| 90th Percentile | $120,080 |
Insurance Underwriter Salary by City in Montana
The largest employment areas for insurance underwriters in Montana include Billings, Missoula, Great Falls, and Bozeman. Salaries vary by city based on local cost of living and demand.
How to Become a Insurance Underwriter in Montana
Education
Most insurance underwriter positions require a bachelor's degree. Montana has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Montana
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Montana's demand may vary based on local industry trends.
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Data shows Insurance Underwriters who negotiate earn 7–15% more. A single negotiation could add $35,283 over your career trajectory.
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