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

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.