Business & Finance Virginia (VA) Rank #11 of 50

Insurance Underwriter Salary in Virginia

The median insurance underwriter salary in Virginia is $84,867 per year, which is 9.0% above the national median of $77,860.

Median Salary
$84,867
vs National
+$7,007
State Rank
#11 of 50
Cost of Living
104%

Insurance Underwriter Salary in Virginia by Experience

In Virginia, an entry-level insurance underwriter earns around $54,500, while experienced professionals earn up to $125,350 per year. The cost of living index in Virginia is 104% of the national average.

Entry Level (0-2 yrs)
$54,500
+$4,500 vs national
Mid Level (3-7 yrs)
$85,020
+$7,020 vs national
Senior Level (8+ yrs)
$125,350
+$10,350 vs national

Salary Percentiles in Virginia

Percentile VA Salary
10th Percentile $52,974
25th Percentile $66,708
Median (50th) $84,867
75th Percentile $109,000
90th Percentile $137,776

Insurance Underwriter Salary by City in Virginia

The largest employment areas for insurance underwriters in Virginia include Virginia Beach, Norfolk, Richmond, and Arlington. Salaries vary by city based on local cost of living and demand.

How to Become a Insurance Underwriter in Virginia

Education

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

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook in Virginia

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