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

Major Cities for Insurance Underwriters in Montana

The largest employment areas for insurance underwriters in Montana include Billings, Missoula, Great Falls, and Bozeman. Salaries in major metro areas may be higher due to increased demand and cost of living.

Billings, MT
Metro area for insurance underwriter employment
Missoula, MT
Metro area for insurance underwriter employment
Great Falls, MT
Metro area for insurance underwriter employment
Bozeman, MT
Metro area for insurance underwriter employment
Helena, MT
Metro area for insurance underwriter employment

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.