Business & Finance New York (NY) Rank #4 of 50

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.

Median Salary
$104,332
vs National
+$26,472
State Rank
#4 of 50
Cost of Living
122%

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.

Entry Level (0-2 yrs)
$67,000
+$17,000 vs national
Mid Level (3-7 yrs)
$104,520
+$26,520 vs national
Senior Level (8+ yrs)
$154,100
+$39,100 vs national

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

Major Cities for Insurance Underwriters in New York

The largest employment areas for insurance underwriters in New York include New York City, Buffalo, Rochester, and Yonkers. Salaries in major metro areas may be higher due to increased demand and cost of living.

New York City, NY
Metro area for insurance underwriter employment
Buffalo, NY
Metro area for insurance underwriter employment
Rochester, NY
Metro area for insurance underwriter employment
Yonkers, NY
Metro area for insurance underwriter employment
Albany, NY
Metro area for insurance underwriter employment

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

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

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.