Insurance Underwriter Salary (2025)
Insurance underwriters evaluate and price insurance policies.
The median Insurance Underwriter salary is $76,000 per year ($37/hour). Entry-level Insurance Underwriters earn around $50,000 while experienced Insurance Underwriters earn $115,000 or more annually.
Salary Range
Median: $76,000 — positioned between entry and senior
Top Paying States for Insurance Underwriters
| State | Est. Annual Salary | vs. National |
|---|---|---|
| Hawaii | $108,000 | +42% |
| California | $105,000 | +38% |
| New York | $97,000 | +28% |
| Alaska | $95,000 | +25% |
| Massachusetts | $95,000 | +25% |
| New Jersey | $91,000 | +20% |
| Connecticut | $90,000 | +18% |
| Washington | $87,000 | +14% |
Estimates based on cost-of-living index adjustments. Actual salaries vary by employer and experience.
How to Become a Insurance Underwriter
Most Insurance Underwriter positions require: Bachelor's in Finance or Business. Salaries typically increase significantly with experience and specialization.
Insurance Underwriter Salary by State
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Frequently Asked Questions
What is the average Insurance Underwriter salary?
The median Insurance Underwriter salary is $76,000 per year, which works out to approximately $37/hour based on a 40-hour work week.
How much does an entry-level Insurance Underwriter make?
Entry-level Insurance Underwriters typically earn around $50,000 per year. Salaries grow significantly with experience and specialization.
What is a senior Insurance Underwriter's salary?
Experienced Insurance Underwriters can earn up to $115,000 or more annually depending on location, employer, and specialization.
What education is required to become a Insurance Underwriter?
Most Insurance Underwriter positions require: Bachelor's in Finance or Business.