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 Overview in Rhode Island (2026)

Rhode Island ranks #13 out of 50 states for insurance underwriter compensation. Rhode Island falls in the middle of the pack for insurance underwriter pay, offering salaries near the national average. At $83,310 per year, insurance underwriters in Rhode Island earn $5,450 more than the national median of $77,860.

Rhode Island's cost of living is near the national average at 105%, meaning insurance underwriter salaries here translate closely to their face value in purchasing power.

The salary spread in Rhode Island is significant: insurance underwriters at the 10th percentile earn $52,002, while those at the 90th percentile bring home $135,248 — a $83,246 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Rhode Island for this role is Providence, where the median reaches $85,646.

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 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

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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

Insurance Underwriter Salary by City in Rhode Island

The largest employment areas for insurance underwriters in Rhode Island include Providence, Warwick, Cranston, and Pawtucket. Salaries vary by city based on local cost of living and demand.

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.

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Frequently Asked Questions: Insurance Underwriter Salary in Rhode Island

How much does a Insurance Underwriter make 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. Salaries range from $52,002 (10th percentile) to $135,248 (90th percentile).
How much does a Insurance Underwriter make per hour in Rhode Island? ▼
Based on the median annual salary of $83,310, a insurance underwriter in Rhode Island earns approximately $40 per hour assuming a standard 2,080-hour work year.
Is Rhode Island a good state for insurance underwriters? ▼
Rhode Island ranks #13 out of 50 states for insurance underwriter pay. The cost of living index is 105% of the national average. Entry-level insurance underwriters earn $53,500, while senior professionals earn $123,050.
How does Rhode Island compare to other states for insurance underwriter salary? ▼
The highest paying state for insurance underwriters is Hawaii at $132,362. Rhode Island's median of $83,310 ranks #13 nationally. Nearby-ranked states include Virginia ($84,867) and New Hampshire ($83,310).
What is the entry-level insurance underwriter salary in Rhode Island? ▼
An entry-level insurance underwriter in Rhode Island earns approximately $53,500 per year. With 3-7 years of experience, pay increases to around $83,460. Senior-level professionals with 8+ years earn up to $123,050.
What city in Rhode Island pays insurance underwriters the most? ▼
Providence is the highest paying city in Rhode Island for insurance underwriters, with a median salary of $85,646. Other cities include Warwick and Cranston.