Business & Finance Providence, RI Pop. 190,934

Insurance Underwriter Salary in Providence, Rhode Island

The median insurance underwriter salary in Providence, RI is $85,646 per year, which is 10.0% above the national median and 2.8% above the Rhode Island state average.

City Median
$85,646
vs State Avg
+$2,336
vs National
+$7,786
Cost of Living
108%

Insurance Underwriter Salary in Providence by Experience

In Providence, an entry-level insurance underwriter earns around $55,000, while experienced professionals earn up to $126,500 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$55,000
+$5,000 vs national
Mid Level (3-7 yrs)
$85,800
+$7,800 vs national
Senior Level (8+ yrs)
$126,500
+$11,500 vs national

Salary Percentiles in Providence, RI

Percentile Providence
10th Percentile $53,460
25th Percentile $67,320
Median (50th) $85,646
75th Percentile $110,000
90th Percentile $139,040

Insurance Underwriter Salary in Other Rhode Island Cities

Warwick, RI
$80,974
Pop. 82,823
Cranston, RI
$79,417
Pop. 82,934
East Providence, RI
$77,860
Pop. 47,139
Pawtucket, RI
$76,303
Pop. 75,604

How to Become a Insurance Underwriter in Providence

Education

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

Find Insurance Underwriter Jobs in Providence

Browse open insurance underwriter positions in Providence, RI:

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Frequently Asked Questions: Insurance Underwriter Salary in Providence

How much does a Insurance Underwriter make in Providence, RI? ▼
The median insurance underwriter salary in Providence, Rhode Island is $85,646 per year, which is 10.0% above the national median of $77,860. Salaries range from $53,460 (10th percentile) to $139,040 (90th percentile).
How much does a Insurance Underwriter make per hour in Providence? ▼
Based on the median annual salary of $85,646, a insurance underwriter in Providence earns approximately $41 per hour assuming a standard 2,080-hour work year.
How does Providence compare to the Rhode Island state average for insurance underwriter pay? ▼
Providence's median insurance underwriter salary of $85,646 is 2.8% above the Rhode Island state average of $83,310. The local cost of living index is 108% of the national average.
What is the cost of living in Providence, RI? ▼
Providence has a cost of living index of 108% compared to the national average. This means a insurance underwriter salary of $85,646 in Providence has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Providence? ▼
Most insurance underwriter positions in Providence 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.