How much does an insurance underwriter make?
Median yearly pay in the United States: half earn more and half earn less. That is $39.12 an hour or $6,781 a month.
- Hourly
- $39.12
- Average (mean)
- $93,700
- Jobs
- 105,420
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $55,530 | $26.70 | |
| 25th | $64,620 | $31.07 | |
| Median | $81,370 | $39.12 | |
| 75th | $110,400 | $53.07 | |
| 90th | $145,200 | $69.79 |
By state
Median yearly pay.
| Massachusetts | $106,600 |
| New Hampshire | $103,900 |
| Nevada | $101,400 |
| Connecticut | $100,700 |
| Colorado | $100,600 |
| Washington | $99,400 |
| New York | $97,450 |
| Wisconsin | $97,370 |
| New Jersey | $96,220 |
| Maine | $95,510 |
| California | $95,320 |
| Maryland | $92,120 |
| Illinois | $89,620 |
| Georgia | $85,980 |
| Rhode Island | $84,720 |
| South Dakota | $83,130 |
| Arkansas | $82,130 |
| District of Columbia | $82,070 |
| Virginia | $81,870 |
| Alaska | $81,620 |
| Minnesota | $80,700 |
| Missouri | $80,040 |
| Kentucky | $79,830 |
| South Carolina | $79,570 |
| Ohio | $79,260 |
| Oregon | $79,200 |
| Pennsylvania | $78,950 |
| Texas | $78,890 |
| Tennessee | $78,840 |
| Florida | $78,720 |
| Vermont | $77,990 |
| Arizona | $77,740 |
| Indiana | $77,440 |
| Michigan | $77,380 |
| North Carolina | $77,120 |
| Kansas | $77,070 |
| Louisiana | $76,540 |
| Iowa | $75,160 |
| Nebraska | $75,120 |
| North Dakota | $74,130 |
| Hawaii | $73,260 |
| Utah | $72,730 |
| Oklahoma | $66,770 |
| New Mexico | $64,000 |
| Montana | $63,140 |
| Idaho | $62,530 |
| Wyoming | $62,290 |
| Alabama | $62,220 |
| Mississippi | $59,250 |
Highest paying cities
Metro areas, median yearly pay.
| Springfield, MA | $115,400 |
| Bridgeport, CT | $115,000 |
| Milwaukee, WI | $106,600 |
| Boston, MA | $106,200 |
| Chattanooga, TN | $102,500 |
| Waterbury, CT | $102,000 |
| Denver, CO | $101,800 |
| Las Vegas, NV | $101,300 |
| Lexington, KY | $101,000 |
| Hartford, CT | $100,700 |
| Seattle, WA | $100,100 |
| Chicago, IL | $99,840 |
| New York, NY | $98,410 |
| San Diego, CA | $98,210 |
| Worcester, MA | $98,000 |
In other countries
Insurance Underwriter belongs to the international group "Insurance representatives".
Compare pay in 140 countriesSimilar jobs
- Accountant and Auditor$83,680
- Property Appraiser and Assessor$67,960
- Budget Analyst$91,640
- Credit Analyst$83,510
- Financial and Investment Analyst$102,700
- Personal Financial Advisor$105,100
- Financial Risk Specialist$117,300
- Financial Examiner$94,160
- Credit Counselor$52,230
- Loan Officer$76,690
Frequently asked questions
How much does an insurance underwriter make an hour?
The median hourly pay is $39.12 ($81,370 a year).
How much does an insurance underwriter make a month?
About $6,781 a month before tax, based on a median of $81,370 a year.
How much does an insurance underwriter make starting out?
The lowest-paid 10% make $55,530 or less a year ($26.70 an hour); the top 10% make $145,200 or more.
Which state pays insurance underwriters the most?
Massachusetts, with a median of $106,600 a year, followed by New Hampshire ($103,900) and Nevada ($101,400).
Which city pays insurance underwriters the most?
Springfield, MA, with a median of $115,400 a year.
How many insurance underwriters are there in the United States?
About 105,420 people work as insurance underwriters.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.