Insurance Underwriter Salary in New York
The median insurance underwriter salary in New York is $104,332 per year, which is 34.0% above the national median of $77,860.
Insurance Underwriter Salary Overview in New York (2026)
New York ranks #4 out of 50 states for insurance underwriter compensation. This places New York in the top tier nationally, making it one of the best states for insurance underwriters seeking high pay. At $104,332 per year, insurance underwriters in New York earn $26,472 more than the national median of $77,860.
It's worth noting that New York's cost of living is 122% of the national average, which reduces the real purchasing power of the $104,332 salary. After adjusting for cost of living, the effective salary is closer to $85,518.
The salary spread in New York is significant: insurance underwriters at the 10th percentile earn $65,124, while those at the 90th percentile bring home $169,376 — a $104,252 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in New York for this role is New York City, where the median reaches $154,941.
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 New York by Experience
In New York, an entry-level insurance underwriter earns around $67,000, while experienced professionals earn up to $154,100 per year. The cost of living index in New York is 122% of the national average.
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View Offers You Qualify For →Salary Percentiles in New York
| Percentile | NY Salary |
|---|---|
| 10th Percentile | $65,124 |
| 25th Percentile | $82,008 |
| Median (50th) | $104,332 |
| 75th Percentile | $134,000 |
| 90th Percentile | $169,376 |
Insurance Underwriter Salary by City in New York
The largest employment areas for insurance underwriters in New York include New York City, Buffalo, Rochester, and Yonkers. Salaries vary by city based on local cost of living and demand.
How to Become a Insurance Underwriter in New York
Education
Most insurance underwriter positions require a bachelor's degree. New York has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New York
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). New York's demand may vary based on local industry trends.
Negotiate Your Way to Senior Pay
Data shows Insurance Underwriters who negotiate earn 7–15% more. A single negotiation could add $49,768 over your career trajectory.
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