Business & Finance Rhode Island (RI) Rank #13 of 50

Insurance Underwriter Salary in Rhode Island

The median insurance underwriter salary in Rhode Island is $83,310 per year, which is 7.0% above the national median of $77,860.

Median Salary
$83,310
vs National
+$5,450
State Rank
#13 of 50
Cost of Living
105%

Insurance Underwriter Salary in Rhode Island by Experience

In Rhode Island, an entry-level insurance underwriter earns around $53,500, while experienced professionals earn up to $123,050 per year. The cost of living index in Rhode Island is 105% of the national average.

Entry Level (0-2 yrs)
$53,500
+$3,500 vs national
Mid Level (3-7 yrs)
$83,460
+$5,460 vs national
Senior Level (8+ yrs)
$123,050
+$8,050 vs national

Salary Percentiles in Rhode Island

Percentile RI Salary
10th Percentile $52,002
25th Percentile $65,484
Median (50th) $83,310
75th Percentile $107,000
90th Percentile $135,248

Major Cities for Insurance Underwriters in Rhode Island

The largest employment areas for insurance underwriters in Rhode Island include Providence, Warwick, Cranston, and Pawtucket. Salaries in major metro areas may be higher due to increased demand and cost of living.

Providence, RI
Metro area for insurance underwriter employment
Warwick, RI
Metro area for insurance underwriter employment
Cranston, RI
Metro area for insurance underwriter employment
Pawtucket, RI
Metro area for insurance underwriter employment
East Providence, RI
Metro area for insurance underwriter employment

How to Become a Insurance Underwriter in Rhode Island

Education

Most insurance underwriter positions require a bachelor's degree. Rhode Island has several accredited institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook in Rhode Island

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Rhode Island's demand may vary based on local industry trends.