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 variation for insurance underwriters is influenced by experience, specialization, and location. Specializations in commercial lines or risk assessment typically command higher salaries, with senior roles earning up to $115,000. Regions with a high cost of living, such as New York or California, often offer salaries above the median, reflecting market demand and competition.
AI-generated insight based on BLS data · For reference only
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
Related Careers in Business
People Also Search For
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.