Business & Finance Richmond, VA Pop. 226,610

Insurance Underwriter Salary in Richmond, Virginia

The median insurance underwriter salary in Richmond, VA is $81,753 per year, which is 5.0% above the national median and 3.7% below the Virginia state average.

City Median
$81,753
vs State Avg
$-3,114
vs National
+$3,893
Cost of Living
100%

Insurance Underwriter Salary in Richmond by Experience

In Richmond, an entry-level insurance underwriter earns around $52,500, while experienced professionals earn up to $120,750 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$52,500
+$2,500 vs national
Mid Level (3-7 yrs)
$81,900
+$3,900 vs national
Senior Level (8+ yrs)
$120,750
+$5,750 vs national

Salary Percentiles in Richmond, VA

Percentile Richmond
10th Percentile $51,030
25th Percentile $64,260
Median (50th) $81,753
75th Percentile $105,000
90th Percentile $132,720

Insurance Underwriter Salary in Other Virginia Cities

Arlington, VA
$106,668
Pop. 238,643
Virginia Beach, VA
$83,310
Pop. 449,974
Chesapeake, VA
$80,196
Pop. 249,422
Norfolk, VA
$78,639
Pop. 238,005

How to Become a Insurance Underwriter in Richmond

Education

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

Find Insurance Underwriter Jobs in Richmond

Browse open insurance underwriter positions in Richmond, VA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Richmond

How much does a Insurance Underwriter make in Richmond, VA? ▼
The median insurance underwriter salary in Richmond, Virginia is $81,753 per year, which is 5.0% above the national median of $77,860. Salaries range from $51,030 (10th percentile) to $132,720 (90th percentile).
How much does a Insurance Underwriter make per hour in Richmond? ▼
Based on the median annual salary of $81,753, a insurance underwriter in Richmond earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Richmond compare to the Virginia state average for insurance underwriter pay? ▼
Richmond's median insurance underwriter salary of $81,753 is 3.7% below the Virginia state average of $84,867. The local cost of living index is 100% of the national average.
What is the cost of living in Richmond, VA? ▼
Richmond has a cost of living index of 100% compared to the national average. This means a insurance underwriter salary of $81,753 in Richmond has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Richmond? ▼
Most insurance underwriter positions in Richmond 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.