Business & Finance Billings, MT Pop. 117,116

Insurance Underwriter Salary in Billings, Montana

The median insurance underwriter salary in Billings, MT is $74,746 per year, which is 4% below the national median and 1.1% above the Montana state average.

City Median
$74,746
vs State Avg
+$779
vs National
$-3,114
Cost of Living
96%

Insurance Underwriter Salary in Billings by Experience

In Billings, an entry-level insurance underwriter earns around $48,000, while experienced professionals earn up to $110,400 per year. The local cost of living index is 96% of the national average.

Entry Level (0-2 yrs)
$48,000
$-2,000 vs national
Mid Level (3-7 yrs)
$74,880
$-3,120 vs national
Senior Level (8+ yrs)
$110,400
$-4,600 vs national

Salary Percentiles in Billings, MT

Percentile Billings
10th Percentile $46,656
25th Percentile $58,752
Median (50th) $74,746
75th Percentile $96,000
90th Percentile $121,344

Insurance Underwriter Salary in Other Montana Cities

Bozeman, MT
$89,539
Pop. 53,293
Missoula, MT
$79,417
Pop. 75,516
Helena, MT
$73,188
Pop. 32,315
Great Falls, MT
$68,517
Pop. 60,442

How to Become a Insurance Underwriter in Billings

Education

Most insurance underwriter positions require a bachelor's degree. Billings and the surrounding Montana area have institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Demand in Billings may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Billings

Browse open insurance underwriter positions in Billings, MT:

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Frequently Asked Questions: Insurance Underwriter Salary in Billings

How much does a Insurance Underwriter make in Billings, MT? ▼
The median insurance underwriter salary in Billings, Montana is $74,746 per year, which is 4% below the national median of $77,860. Salaries range from $46,656 (10th percentile) to $121,344 (90th percentile).
How much does a Insurance Underwriter make per hour in Billings? ▼
Based on the median annual salary of $74,746, a insurance underwriter in Billings earns approximately $36 per hour assuming a standard 2,080-hour work year.
How does Billings compare to the Montana state average for insurance underwriter pay? ▼
Billings's median insurance underwriter salary of $74,746 is 1.1% above the Montana state average of $73,967. The local cost of living index is 96% of the national average.
What is the cost of living in Billings, MT? ▼
Billings has a cost of living index of 96% compared to the national average. This means a insurance underwriter salary of $74,746 in Billings has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Billings? ▼
Most insurance underwriter positions in Billings require a bachelor's degree. Key skills include Risk Assessment, Analytical Skills, Insurance Regulations, Underwriting Software. The job market is projected to grow -2% nationally over the next decade.