Insurance Underwriter Salary Overview
The Insurance Underwriter is a sought-after profession in the United States with a median annual salary of $76,390. Compensation typically ranges from $44,800 for entry-level positions to $122,400 for experienced professionals in high-demand markets.Salary Range: The typical Insurance Underwriter in the US earns between $44,800 and $122,400 per year, with a median of $76,390.
Insurance Underwriter Salary by Experience
Entry-level insurance underwriters earn around $49,654, while those with 10+ years of experience can earn $103,126 or more.
| Level | Salary | Hourly | Take-Home |
|---|---|---|---|
| Entry | $52,709 | $25/hr | $42,937 |
| Mid | $76,390 | $37/hr | $58,884 |
| Senior | $102,363 | $49/hr | $74,741 |
| Lead | $109,238 | $53/hr | $78,938 |
Insurance Underwriter Salary by State (After Tax)
Gross salary, federal tax, state tax, and estimated take-home pay for a Insurance Underwriter in each US state.
Pay for insurance underwriters varies significantly by state, with coastal and high-cost-of-living areas generally offering higher salaries to offset expenses.
| State | Gross | Federal | State Tax | FICA | Take-Home | Rate |
|---|---|---|---|---|---|---|
| Alabama | $76,390 | $8,420 | $3,654 | $5,844 | $58,472 | 23.5% |
| Alaska | $76,390 | $8,420 | $0 | $5,844 | $62,126 | 18.7% |
| Arizona | $76,390 | $8,420 | $1,545 | $5,844 | $60,582 | 20.7% |
| Arkansas | $76,390 | $8,420 | $3,135 | $5,844 | $58,991 | 22.8% |
| California | $76,390 | $8,420 | $3,242 | $5,844 | $58,884 | 22.9% |
| Colorado | $76,390 | $8,420 | $2,701 | $5,844 | $59,425 | 22.2% |
| Connecticut | $76,390 | $8,420 | $3,451 | $5,844 | $58,675 | 23.2% |
| Delaware | $76,390 | $8,420 | $3,811 | $5,844 | $58,316 | 23.7% |
| District of Columbia | $76,390 | $8,420 | $3,652 | $5,844 | $58,474 | 23.5% |
| Florida | $76,390 | $8,420 | $0 | $5,844 | $62,126 | 18.7% |
| Georgia | $76,390 | $8,420 | $3,535 | $5,844 | $58,591 | 23.3% |
| Hawaii | $76,390 | $8,420 | $5,374 | $5,844 | $56,752 | 25.7% |
| Idaho | $76,390 | $8,420 | $3,584 | $5,844 | $58,543 | 23.4% |
| Illinois | $76,390 | $8,420 | $3,644 | $5,844 | $58,482 | 23.4% |
| Indiana | $76,390 | $8,420 | $2,330 | $5,844 | $59,796 | 21.7% |
| Iowa | $76,390 | $8,420 | $2,903 | $5,844 | $59,224 | 22.5% |
| Kansas | $76,390 | $8,420 | $3,697 | $5,844 | $58,429 | 23.5% |
| Kentucky | $76,390 | $8,420 | $2,929 | $5,844 | $59,197 | 22.5% |
| Louisiana | $76,390 | $8,420 | $2,665 | $5,844 | $59,461 | 22.2% |
| Maine | $76,390 | $8,420 | $3,924 | $5,844 | $58,202 | 23.8% |
| Maryland | $76,390 | $8,420 | $3,455 | $5,844 | $58,671 | 23.2% |
| Massachusetts | $76,390 | $8,420 | $3,600 | $5,844 | $58,527 | 23.4% |
| Michigan | $76,390 | $8,420 | $3,009 | $5,844 | $59,118 | 22.6% |
| Minnesota | $76,390 | $8,420 | $3,744 | $5,844 | $58,382 | 23.6% |
| Mississippi | $76,390 | $8,420 | $3,012 | $5,844 | $59,114 | 22.6% |
| Missouri | $76,390 | $8,420 | $2,796 | $5,844 | $59,331 | 22.3% |
| Montana | $76,390 | $8,420 | $3,400 | $5,844 | $58,727 | 23.1% |
| Nebraska | $76,390 | $8,420 | $2,941 | $5,844 | $59,186 | 22.5% |
| Nevada | $76,390 | $8,420 | $0 | $5,844 | $62,126 | 18.7% |
| New Hampshire | $76,390 | $8,420 | $0 | $5,844 | $62,126 | 18.7% |
| New Jersey | $76,390 | $8,420 | $2,740 | $5,844 | $59,387 | 22.3% |
| New Mexico | $76,390 | $8,420 | $2,748 | $5,844 | $59,378 | 22.3% |
| New York | $76,390 | $8,420 | $3,787 | $5,844 | $58,339 | 23.6% |
| North Carolina | $76,390 | $8,420 | $2,864 | $5,844 | $59,263 | 22.4% |
| North Dakota | $76,390 | $8,420 | $1,205 | $5,844 | $60,921 | 20.2% |
| Ohio | $76,390 | $8,420 | $1,382 | $5,844 | $60,745 | 20.5% |
| Oklahoma | $76,390 | $8,420 | $3,138 | $5,844 | $58,988 | 22.8% |
| Oregon | $76,390 | $8,420 | $6,159 | $5,844 | $55,967 | 26.7% |
| Pennsylvania | $76,390 | $8,420 | $2,345 | $5,844 | $59,781 | 21.7% |
| Rhode Island | $76,390 | $8,420 | $2,469 | $5,844 | $59,657 | 21.9% |
| South Carolina | $76,390 | $8,420 | $3,262 | $5,844 | $58,865 | 22.9% |
| South Dakota | $76,390 | $8,420 | $0 | $5,844 | $62,126 | 18.7% |
| Tennessee | $76,390 | $8,420 | $0 | $5,844 | $62,126 | 18.7% |
| Texas | $76,390 | $8,420 | $0 | $5,844 | $62,126 | 18.7% |
| Utah | $76,390 | $8,420 | $3,552 | $5,844 | $58,574 | 23.3% |
| Vermont | $76,390 | $8,420 | $3,101 | $5,844 | $59,025 | 22.7% |
| Virginia | $76,390 | $8,420 | $3,876 | $5,844 | $58,250 | 23.7% |
| Washington | $76,390 | $8,420 | $0 | $5,844 | $62,126 | 18.7% |
| West Virginia | $76,390 | $8,420 | $3,023 | $5,844 | $59,104 | 22.6% |
| Wisconsin | $76,390 | $8,420 | $2,961 | $5,844 | $59,166 | 22.5% |
| Wyoming | $76,390 | $8,420 | $0 | $5,844 | $62,126 | 18.7% |
Top Cities for Insurance Underwriter Pay
The highest-paying metro areas for insurance underwriters tend to be major metropolitan centers with strong industry demand and higher costs of living.
| City | Avg Salary |
|---|---|
| Hartford, CT | $84,029 |
| New York, NY | $84,029 |
| Philadelphia, PA | $84,029 |
| Boston, MA | $84,029 |
| Chicago, IL | $84,029 |
Calculate Insurance Underwriter Take-Home Pay
Adjust the state and filing status to see your estimated after-tax income.
Estimated Take-Home Pay
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Tax Breakdown
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Tax Distribution
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Pay Frequency Breakdown
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How to Become a Insurance Underwriter
Becoming a insurance underwriter typically requires relevant education, training, or certification in the field. Many employers also value practical experience, professional development, and industry-specific credentials.Insurance Underwriter Career Outlook
Employment of insurance underwriters is projected to grow steadily over the next decade, driven by continued demand across industries. Professionals who stay current with evolving requirements and build specialized expertise will find the strongest job prospects.Insurance Underwriter Salary FAQ
The median annual salary for insurance underwriters in the US is $76,390, with a typical range from $44,800 to $122,400 depending on experience and location.
The highest-paying states for insurance underwriters include CT, NY, NJ. These states typically have strong demand and higher costs of living.
Entry-level insurance underwriters can expect to earn around $49,654 per year, with salary increasing as they gain experience and expertise.
Being a insurance underwriter can be a rewarding career with solid compensation and growth potential. Job outlook is generally positive across most regions.
The median hourly rate for insurance underwriters is approximately $36.73, though this varies based on experience, location, and employer.