Business & Finance Chesapeake, VA Pop. 249,422

Insurance Underwriter Salary in Chesapeake, Virginia

The median insurance underwriter salary in Chesapeake, VA is $80,196 per year, which is 3.0% above the national median and 5.5% below the Virginia state average.

City Median
$80,196
vs State Avg
$-4,671
vs National
+$2,336
Cost of Living
98%

Insurance Underwriter Salary in Chesapeake by Experience

In Chesapeake, an entry-level insurance underwriter earns around $51,500, while experienced professionals earn up to $118,450 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$51,500
+$1,500 vs national
Mid Level (3-7 yrs)
$80,340
+$2,340 vs national
Senior Level (8+ yrs)
$118,450
+$3,450 vs national

Salary Percentiles in Chesapeake, VA

Percentile Chesapeake
10th Percentile $50,058
25th Percentile $63,036
Median (50th) $80,196
75th Percentile $103,000
90th Percentile $130,192

Insurance Underwriter Salary in Other Virginia Cities

Arlington, VA
$106,668
Pop. 238,643
Virginia Beach, VA
$83,310
Pop. 449,974
Richmond, VA
$81,753
Pop. 226,610
Norfolk, VA
$78,639
Pop. 238,005

How to Become a Insurance Underwriter in Chesapeake

Education

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

Find Insurance Underwriter Jobs in Chesapeake

Browse open insurance underwriter positions in Chesapeake, VA:

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Frequently Asked Questions: Insurance Underwriter Salary in Chesapeake

How much does a Insurance Underwriter make in Chesapeake, VA? ▼
The median insurance underwriter salary in Chesapeake, Virginia is $80,196 per year, which is 3.0% above the national median of $77,860. Salaries range from $50,058 (10th percentile) to $130,192 (90th percentile).
How much does a Insurance Underwriter make per hour in Chesapeake? ▼
Based on the median annual salary of $80,196, a insurance underwriter in Chesapeake earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Chesapeake compare to the Virginia state average for insurance underwriter pay? ▼
Chesapeake's median insurance underwriter salary of $80,196 is 5.5% below the Virginia state average of $84,867. The local cost of living index is 98% of the national average.
What is the cost of living in Chesapeake, VA? ▼
Chesapeake has a cost of living index of 98% compared to the national average. This means a insurance underwriter salary of $80,196 in Chesapeake has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Chesapeake? ▼
Most insurance underwriter positions in Chesapeake 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.