Insurance Underwriters pay in the United States

In the U.S., the median pay for insurance underwriters is $39.12 an hour ($81,370 a year). About 105,420 people work in this job there.

$39.12Median hourly pay
$64,620–$110,390Middle half of workers, yearly
105,420People in this job in the U.S.

Pay range for insurance underwriters in the U.S.

Earns more thanHourlyYearly
10% of workers$26.70$55,530
25% of workers$31.07$64,620
Half of workers (median)$39.12$81,370
75% of workers$53.07$110,390
90% of workers$69.79$145,160

Best-paying states for insurance underwriters

StateMedian yearly payPeople in this job
Massachusetts$106,6402,890
New Hampshire$103,940270
Nevada$101,440480
Connecticut$100,6902,010
Colorado$100,6402,040
Washington$99,4001,740
New York$97,4506,900
Wisconsin$97,3703,110
New Jersey$96,2203,150
Maine$95,510520

Pay by state

Education, experience and outlook for insurance underwriters

  • Typical education to start: Bachelor's degree (BLS)
  • Training on the job: Moderate-term on-the-job training (BLS)
  • Job outlook: -3.8% over ten years, declining · about 6,800 openings a year (BLS)

Related jobs in the U.S.

JobMedian yearly pay
Accountants and Auditors$83,680
Financial and Investment Analysts$102,740
Loan Officers$76,690
Personal Financial Advisors$105,070
Financial Specialists, All Other$81,100
Tax Preparers$54,920
Financial Examiners$94,160
Credit Analysts$83,510

Other job titles for this job

Account Manager UnderwriterAccount UnderwriterAutomobile and Property UnderwriterBond UnderwriterCasualty UnderwriterCommercial Credit UnderwriterCommercial Insurance UnderwriterCommercial Lines UnderwriterCommercial UnderwriterCredit UnderwriterDirect Endorsement UnderwriterDe Underwriter

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Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.