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

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.