The average salary for a insurance underwriter in the United States is $85,610, but the range typically falls between $61,370 and $102,000. This corresponds to an average hourly wage of $41.16, with a range between $29.5 and $49.04.
There are approximately 101,310 people employed as a insurance underwriter in the United States. With Texas, California, Florida employing the highest number of insurance underwriters.The state with the best pay for a insurance underwriter is District of Columbia, with an average annual salary of $116,070, while Montana has the lowest average annual salary of $68,990.
| Annual Salary | Hourly Wage | |
|---|---|---|
| 10th Percentile | $48,480 | $23.31 |
| 25th Percentile | $61,370 | $29.5 |
| Median | $77,860 | $37.44 |
| 75th Percentile | $102,000 | $49.04 |
| 90th Percentile | $132,010 | $63.47 |
The salary of a insurance underwriter can vary depending on the state. Below is a map of the United States showing the average annual salary for a insurance underwriter in each state. The darker the color, the higher the salary. The best states for insurance underwriters are District of Columbia, Colorado, South Dakota, Massachusetts, Washington while the worst states are Montana, West Virginia, Mississippi, Utah, New Mexico.
| State | Low-end | Average | High-end |
|---|---|---|---|
| Alabama | $46,020 | $75,510 | $109,730 |
| Alaska | $58,700 | $84,690 | $128,520 |
| Arizona | $45,380 | $78,690 | $120,860 |
| Arkansas | $48,710 | $72,540 | $108,030 |
| California | $60,620 | $93,220 | $134,810 |
| Colorado | $63,970 | $102,070 | $149,880 |
| Connecticut | $61,120 | $97,460 | $138,530 |
| Delaware | $53,600 | $91,190 | $138,210 |
| District of Columbia | $77,750 | $116,070 | $174,270 |
| Florida | $47,710 | $74,150 | $106,470 |
| Georgia | $52,980 | $89,560 | $137,830 |
| Hawaii | $50,980 | $73,380 | $106,990 |
| Idaho | $44,240 | $73,930 | $114,700 |
| Illinois | $41,180 | $82,330 | $134,130 |
| Indiana | $48,980 | $74,790 | $111,890 |
| Iowa | $47,640 | $75,340 | $110,480 |
| Kansas | $44,090 | $81,680 | $137,690 |
| Kentucky | $50,970 | $78,740 | $97,520 |
| Louisiana | $47,670 | $77,550 | $114,960 |
| Maine | $52,330 | $88,320 | $130,640 |
| Maryland | $54,900 | $84,000 | $122,450 |
| Massachusetts | $62,270 | $100,650 | $150,370 |
| Michigan | $51,230 | $78,000 | $106,410 |
| Minnesota | $56,250 | $86,850 | $129,840 |
| Mississippi | $38,730 | $65,380 | $90,340 |
| Missouri | $39,780 | $70,910 | $100,600 |
| Montana | $48,480 | $68,990 | $101,770 |
| Nebraska | $48,810 | $77,560 | $106,710 |
| Nevada | $49,120 | $75,320 | $102,410 |
| New Hampshire | $53,850 | $89,910 | $126,990 |
| New Jersey | $64,600 | $99,040 | $150,480 |
| New Mexico | $44,110 | $66,860 | $98,600 |
| New York | $48,560 | $103,330 | $171,170 |
| North Carolina | $48,680 | $82,930 | $136,360 |
| North Dakota | $49,810 | $73,510 | $103,160 |
| Ohio | $49,360 | $82,450 | $122,430 |
| Oklahoma | $44,870 | $70,780 | $106,550 |
| Oregon | $46,890 | $81,510 | $130,140 |
| Pennsylvania | $46,160 | $89,280 | $136,950 |
| Rhode Island | $52,550 | $86,200 | $130,050 |
| South Carolina | $49,450 | $78,840 | $127,470 |
| South Dakota | $61,050 | $115,200 | $203,990 |
| Tennessee | $44,170 | $75,660 | $121,470 |
| Texas | $45,700 | $79,990 | $127,220 |
| Utah | $48,480 | $77,210 | $147,740 |
| Vermont | $48,980 | $75,850 | $97,130 |
| Virginia | $45,740 | $74,780 | $120,070 |
| Washington | $59,050 | $109,320 | $175,940 |
| West Virginia | $32,060 | $60,640 | $97,550 |
| Wisconsin | $52,500 | $82,640 | $122,040 |
Even between cities, the salary of a insurance underwriter can vary. For example, the areas with the highest average salary for insurance underwriters is Bellingham, WA with an average salary of $118,900.The city with the lowest average salary for insurance underwriters is Springfield, MO with an average salary of $55,420.
Areas with highest average salaries for insurance underwriters
Areas with lowest average salaries for insurance underwriters
The number of insurance underwriters in the United States has been decreasing over the years. Since 2020, the number of insurance underwriters has decreased by -480. On average, the number of insurance underwriters has been increasing by -0.1% each year. The salary of insurance underwriters has been increasing. Since 2020, the salary of insurance underwriters has increased by $5,220. On average, the salary of insurance underwriters has been increasing by 1.6% each year.
Insurance Underwriters are part of the business and financial operations occupations group. Below is a comparison of the average annual salary for insurance underwriters compared to other jobs in the same occupation group. View all business and financial operations occupations jobs here.
$71,980 per year
$90,880 per year
$98,140 per year
$84,490 per year
$118,950 per year
$51,400 per year
