Business & Finance Norfolk, VA Pop. 238,005

Insurance Underwriter Salary in Norfolk, Virginia

The median insurance underwriter salary in Norfolk, VA is $78,639 per year, which is 1.0% above the national median and 7.3% below the Virginia state average.

City Median
$78,639
vs State Avg
$-6,228
vs National
+$779
Cost of Living
96%

Insurance Underwriter Salary in Norfolk by Experience

In Norfolk, an entry-level insurance underwriter earns around $50,500, while experienced professionals earn up to $116,150 per year. The local cost of living index is 96% of the national average.

Entry Level (0-2 yrs)
$50,500
+$500 vs national
Mid Level (3-7 yrs)
$78,780
+$780 vs national
Senior Level (8+ yrs)
$116,150
+$1,150 vs national

Salary Percentiles in Norfolk, VA

Percentile Norfolk
10th Percentile $49,086
25th Percentile $61,812
Median (50th) $78,639
75th Percentile $101,000
90th Percentile $127,664

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
Chesapeake, VA
$80,196
Pop. 249,422

How to Become a Insurance Underwriter in Norfolk

Education

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

Find Insurance Underwriter Jobs in Norfolk

Browse open insurance underwriter positions in Norfolk, VA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Norfolk

How much does a Insurance Underwriter make in Norfolk, VA? ▼
The median insurance underwriter salary in Norfolk, Virginia is $78,639 per year, which is 1.0% above the national median of $77,860. Salaries range from $49,086 (10th percentile) to $127,664 (90th percentile).
How much does a Insurance Underwriter make per hour in Norfolk? ▼
Based on the median annual salary of $78,639, a insurance underwriter in Norfolk earns approximately $38 per hour assuming a standard 2,080-hour work year.
How does Norfolk compare to the Virginia state average for insurance underwriter pay? ▼
Norfolk's median insurance underwriter salary of $78,639 is 7.3% below the Virginia state average of $84,867. The local cost of living index is 96% of the national average.
What is the cost of living in Norfolk, VA? ▼
Norfolk has a cost of living index of 96% compared to the national average. This means a insurance underwriter salary of $78,639 in Norfolk has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Norfolk? ▼
Most insurance underwriter positions in Norfolk 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.