Business & Finance Montana (MT) Rank #26 of 50

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.

Median Salary
$73,967
vs National
$-3,893
State Rank
#26 of 50
Cost of Living
95%

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.

Entry Level (0-2 yrs)
$47,500
$-2,500 vs national
Mid Level (3-7 yrs)
$74,100
$-3,900 vs national
Senior Level (8+ yrs)
$109,250
$-5,750 vs national

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

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

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.