Business & Finance Virginia Beach, VA Pop. 449,974

Insurance Underwriter Salary in Virginia Beach, Virginia

The median insurance underwriter salary in Virginia Beach, VA is $83,310 per year, which is 7.0% above the national median and 1.8% below the Virginia state average.

City Median
$83,310
vs State Avg
$-1,557
vs National
+$5,450
Cost of Living
102%

Insurance Underwriter Salary in Virginia Beach by Experience

In Virginia Beach, an entry-level insurance underwriter earns around $53,500, while experienced professionals earn up to $123,050 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$53,500
+$3,500 vs national
Mid Level (3-7 yrs)
$83,460
+$5,460 vs national
Senior Level (8+ yrs)
$123,050
+$8,050 vs national

Salary Percentiles in Virginia Beach, VA

Percentile Virginia Beach
10th Percentile $52,002
25th Percentile $65,484
Median (50th) $83,310
75th Percentile $107,000
90th Percentile $135,248

Insurance Underwriter Salary in Other Virginia Cities

Arlington, VA
$106,668
Pop. 238,643
Richmond, VA
$81,753
Pop. 226,610
Chesapeake, VA
$80,196
Pop. 249,422
Norfolk, VA
$78,639
Pop. 238,005

How to Become a Insurance Underwriter in Virginia Beach

Education

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

Find Insurance Underwriter Jobs in Virginia Beach

Browse open insurance underwriter positions in Virginia Beach, VA:

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Frequently Asked Questions: Insurance Underwriter Salary in Virginia Beach

How much does a Insurance Underwriter make in Virginia Beach, VA? ▼
The median insurance underwriter salary in Virginia Beach, Virginia is $83,310 per year, which is 7.0% above the national median of $77,860. Salaries range from $52,002 (10th percentile) to $135,248 (90th percentile).
How much does a Insurance Underwriter make per hour in Virginia Beach? ▼
Based on the median annual salary of $83,310, a insurance underwriter in Virginia Beach earns approximately $40 per hour assuming a standard 2,080-hour work year.
How does Virginia Beach compare to the Virginia state average for insurance underwriter pay? ▼
Virginia Beach's median insurance underwriter salary of $83,310 is 1.8% below the Virginia state average of $84,867. The local cost of living index is 102% of the national average.
What is the cost of living in Virginia Beach, VA? ▼
Virginia Beach has a cost of living index of 102% compared to the national average. This means a insurance underwriter salary of $83,310 in Virginia Beach has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Virginia Beach? ▼
Most insurance underwriter positions in Virginia Beach 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.