Business & Finance Toledo, OH Pop. 270,871

Insurance Underwriter Salary in Toledo, Ohio

The median insurance underwriter salary in Toledo, OH is $63,845 per year, which is 18% below the national median and 8.9% below the Ohio state average.

City Median
$63,845
vs State Avg
$-6,229
vs National
$-14,015
Cost of Living
82%

Insurance Underwriter Pay in Toledo: What to Expect (2026)

Toledo offers a median insurance underwriter salary of $63,845, which is $6,229 below the Ohio state average of $70,074. Compared to the national median of $77,860, Toledo pays below the national benchmark for this role.

One of Toledo's biggest advantages is its low cost of living at 82% of the national average. This means the $63,845 salary stretches further here — equivalent to roughly $77,860 in an average-cost city. This makes Toledo an attractive option for insurance underwriters seeking strong real-dollar compensation.

The salary range for insurance underwriters in Toledo spans from $39,852 at the 10th percentile to $103,648 at the 90th percentile — a $63,796 spread. Entry-level professionals start around $41,000, while senior insurance underwriters with 8+ years of experience can earn up to $94,300. With a population of 270,871, Toledo is a mid-sized metro with a growing job market.

Insurance Underwriter Salary in Toledo by Experience

In Toledo, an entry-level insurance underwriter earns around $41,000, while experienced professionals earn up to $94,300 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$41,000
$-9,000 vs national
Mid Level (3-7 yrs)
$63,960
$-14,040 vs national
Senior Level (8+ yrs)
$94,300
$-20,700 vs national

Salary Percentiles in Toledo, OH

Percentile Toledo
10th Percentile $39,852
25th Percentile $50,184
Median (50th) $63,845
75th Percentile $82,000
90th Percentile $103,648

Insurance Underwriter Salary in Other Ohio Cities

Columbus, OH
$73,967
Pop. 905,748
Cincinnati, OH
$70,074
Pop. 309,317
Cleveland, OH
$66,960
Pop. 372,624
Akron, OH
$65,402
Pop. 190,469

How to Become a Insurance Underwriter in Toledo

Education

Most insurance underwriter positions require a bachelor's degree. Toledo and the surrounding Ohio 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 Toledo may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Toledo

Browse open insurance underwriter positions in Toledo, OH:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Toledo

How much does a Insurance Underwriter make in Toledo, OH? ▼
The median insurance underwriter salary in Toledo, Ohio is $63,845 per year, which is 18% below the national median of $77,860. Salaries range from $39,852 (10th percentile) to $103,648 (90th percentile).
How much does a Insurance Underwriter make per hour in Toledo? ▼
Based on the median annual salary of $63,845, a insurance underwriter in Toledo earns approximately $31 per hour assuming a standard 2,080-hour work year.
How does Toledo compare to the Ohio state average for insurance underwriter pay? ▼
Toledo's median insurance underwriter salary of $63,845 is 8.9% below the Ohio state average of $70,074. The local cost of living index is 82% of the national average.
What is the cost of living in Toledo, OH? ▼
Toledo has a cost of living index of 82% compared to the national average. This means a insurance underwriter salary of $63,845 in Toledo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Toledo? ▼
Most insurance underwriter positions in Toledo 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.