Insurance Underwriter Salary in 2026
Insurance underwriters evaluate insurance applications, determining coverage terms and premiums based on risk assessment. They analyze financial data, inspect properties, and make acceptance decisions.
Median Salary
$69,000
$5,750/mo
Entry Level
$47,000
starting pay
Senior Level
$96,000
experienced
Job Growth
+2%
10-yr outlook
Insurance Underwriter Overview
Insurance underwriters evaluate insurance applications, determining coverage terms and premiums based on risk assessment. They analyze financial data, inspect properties, and make acceptance decisions.
Education
Bachelor's Degree
Experience
2-4 years
Industry
Finance
Total Jobs (US)
120K
5-Year Growth
+13%
Category
Finance
Hourly Rate
$33.17/hr
Monthly Pay
$5,750
Insurance Underwriter Salary Calculator
Adjust your state and experience level to see the estimated Insurance Underwriter salary in your area.
Mid Career (5-9 yrs)
Estimated Insurance Underwriter Salary
$79,000
$6,583/month · $3,038/biweekly · $37.98/hr
Insurance Underwriter Salary Range
Salary distribution from entry-level to top earners in the Insurance Underwriter field.
Entry-level Insurance Underwriters earn around $47,000, while the top 10% earn $107,000 or more.
Top Paying States for Insurance Underwriters
| State | Est. Median Salary | vs National |
|---|---|---|
| California | $81,000 | +$12,000 |
| New York | $79,000 | +$10,000 |
| Connecticut | $76,000 | +$7,000 |
| Illinois | $72,000 | +$3,000 |
| Texas | $68,000 | $-1,000 |
Top Paying Cities for Insurance Underwriters
| City | Est. Median Salary | vs National |
|---|---|---|
| San Francisco | $86,000 | +$17,000 |
| New York | $81,000 | +$12,000 |
| Hartford | $73,000 | +$4,000 |
| Chicago | $72,000 | +$3,000 |
| Dallas | $69,000 | $0 |
Required Skills & Certifications
Key Skills
Certifications
Insurance Underwriter Career Progression
Typical salary growth path for a Insurance Underwriter from entry level to expert.
$47,000
0-2 years
$72,000
3-7 years
$96,000
8-14 years
$118,000
15+ years
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Insurance Underwriter Salary FAQ
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