What is the average hourly wage for Insurance Underwriters?

The median hourly wage for Insurance Underwriters is $37.43 per hour. This translates to approximately $77,860 per year working full-time.

What states pay Insurance Underwriters the most?

Salaries for Insurance Underwriters vary significantly by location. Use the state-by-state table above to see which states offer the highest median wages for this occupation.

What education is needed to become a insurance underwriter?

Typical education required: Bachelor's degree.

Insurance Underwriters Salary

Name: Insurance Underwriters Salary Data
Creator: U.S. Bureau of Labor Statistics
License: https://www.bls.gov/bls/linksite.htm

Official U.S. Bureau of Labor Statistics Data - May 2024

Median Annual Salary

$77,860

$37.43 / hour

▲ 7% (Faster than average)

Salary Range

$41,266 - $133,919

10th to 90th percentile

Total Employed

107,870

workers nationally

🏛️ Data Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | Updated: Annual | Methodology

Insurance Underwriters Salary by Percentile

$41,266 $133,919

10th pct Median: $77,860 90th pct

Percentile	Annual Salary	Hourly Rate
10th (Entry Level)	$41,266	$19.84
25th Percentile	$56,059	$26.95
50th (Median)	$77,860	$37.43
75th Percentile	$107,447	$51.66
90th (Top Earners)	$133,919	$64.38
Source: U.S. Bureau of Labor Statistics OEWS, May 2024

Top Paying States for Insurance Underwriters

#	State	Median Annual	Median Hourly
1	District of Columbia (DC)	$102,775	$49.41
2	California (CA)	$97,325	$46.79
3	Massachusetts (MA)	$94,989	$45.67
4	New York (NY)	$94,989	$45.67
5	New Jersey (NJ)	$93,432	$44.92
6	Connecticut (CT)	$91,875	$44.17
7	Maryland (MD)	$91,875	$44.17
8	Hawaii (HI)	$89,539	$43.05
9	Alaska (AK)	$87,203	$41.92
10	Washington (WA)	$87,203	$41.92
Source: BLS OEWS May 2024

About Insurance Underwriters

Insurance Underwriters work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the business finance sector of the U.S. economy.

Education Requirements

Typical Entry-Level Education: Bachelor's degree

Job Outlook for Insurance Underwriters

Projected Growth

+7%

2022-2032

▲ 7% (Faster than average)

Annual Job Openings

980,200

projected annually

Outlook data based on BLS Employment Projections program. Growth rate is projected change in employment 2022-2032.

Frequently Asked Questions

How much do Insurance Underwriters make?

The median annual salary for Insurance Underwriters is $77,860 (BLS OEWS May 2024). Entry-level workers earn around $41,266, while the top 10% earn $133,919 or more.

What is the hourly wage for Insurance Underwriters?

Insurance Underwriters earn a median hourly wage of $37.43 per hour. Working full-time (40 hrs/week, 52 weeks), this equals approximately $77,860 annually.

Is Insurance Underwriters a good-paying career?

With a median salary of $77,860, Insurance Underwriters earns above the U.S. median household income. Job outlook: Faster than average (7% growth, 2022-2032).

What education do Insurance Underwriters need?

Typical entry-level education: Bachelor's degree. Requirements vary by employer and specialization - check with specific employers and BLS OOH for detailed requirements.