Average Salary for Insurance Underwriters
SOC 13-2053 · Business and Financial Operations Occupations · 2024 data
The median annual wage for Insurance Underwriters in the United States is $79,880 ($38.40/hr), based on 2024 BLS OEWS data. Wages range from $51,640 at the 10th percentile to $138,020 at the 90th percentile nationally. An estimated 107,820 people work in this occupation across the country. The national median wage has grown 24.4% since 2014.
Median Annual
$79,880
Mean Annual
$90,830
10th Pct
$51,640
75th Pct
$104,820
Employment
107,820
Salary Distribution
$52k
10th
$63k
25th
$80k
Median
$105k
75th
$138k
90th
Highest Paying Metro Areas
| Metro Area | Median Annual |
|---|---|
| Denver-Aurora-Centennial, CO | $106,380 |
| Boston-Cambridge-Newton, MA-NH | $103,270 |
| Chicago-Naperville-Elgin, IL-IN | $98,860 |
| Seattle-Tacoma-Bellevue, WA | $98,500 |
| Hartford-West Hartford-East Hartford, CT | $98,400 |
| Las Vegas-Henderson-North Las Vegas, NV | $98,280 |
| Lexington-Fayette, KY | $98,160 |
| Appleton, WI | $96,890 |
| Chattanooga, TN-GA | $95,720 |
| Colorado Springs, CO | $94,730 |
| San Francisco-Oakland-Fremont, CA | $94,210 |
| Los Angeles-Long Beach-Anaheim, CA | $93,760 |
| Bridgeport-Stamford-Danbury, CT | $93,320 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $93,240 |
| Albany-Schenectady-Troy, NY | $93,120 |
Salary by State
| State | Median Annual |
|---|---|
| Vermont | $106,790 |
| District of Columbia | $100,660 |
| Colorado | $100,050 |
| Massachusetts | $100,050 |
| Maine | $96,600 |
| New Hampshire | $96,100 |
| Connecticut | $95,460 |
| Washington | $95,310 |
| New Jersey | $93,500 |
| Maryland | $88,820 |
| Nevada | $87,290 |
| California | $87,200 |
| Illinois | $84,580 |
| New York | $83,970 |
| South Dakota | $83,370 |
| Kansas | $81,920 |
| Kentucky | $81,760 |
| South Carolina | $81,080 |
| Rhode Island | $80,960 |
| Florida | $80,000 |
| Ohio | $79,820 |
| Oregon | $79,290 |
| Idaho | $79,250 |
| Tennessee | $79,190 |
| Minnesota | $78,950 |
| Pennsylvania | $78,220 |
| Missouri | $78,100 |
| Georgia | $78,000 |
| Wisconsin | $77,940 |
| Iowa | $77,660 |
| Virginia | $77,110 |
| Michigan | $77,060 |
| Hawaii | $76,810 |
| Texas | $76,760 |
| Nebraska | $75,280 |
| Arizona | $73,740 |
| North Carolina | $72,180 |
| Indiana | $71,490 |
| Oklahoma | $68,290 |
| North Dakota | $67,690 |
| Delaware | $66,960 |
| Alabama | $63,760 |
| Arkansas | $63,690 |
| Louisiana | $63,480 |
| Utah | $63,410 |
| New Mexico | $62,390 |
| Alaska | $60,860 |
| Montana | $60,350 |
| Mississippi | $58,760 |
| West Virginia | $56,740 |
| Guam | $42,360 |
| Puerto Rico | $39,210 |
Salary by Industry
National median wage for Insurance Underwriters broken down by industry sector, 2024 data.
| Industry | Median Annual |
|---|---|
| All Other Ambulatory Health Care Services | $100,310 |
| Other Ambulatory Health Care Services | $100,310 |
| Ambulatory Health Care Services | $100,180 |
| Health Care and Social Assistance | $99,940 |
| Computer Systems Design and Related Services | $97,880 |
| Other Nondepository Credit Intermediation | $94,600 |
| Insurance and Employee Benefit Funds | $91,350 |
| Nondepository Credit Intermediation | $90,800 |
| Credit Intermediation and Related Activities | $90,000 |
| Credit Intermediation and Related Activities (5221 and 5223 only) | $88,630 |
| Local Government, excluding Schools and Hospitals (OEWS Designation) | $87,870 |
| Local Government, including Schools and Hospitals (OEWS Designation) | $87,870 |
| Real Estate and Rental and Leasing | $82,980 |
| Real Estate | $82,980 |
| Funds, Trusts, and Other Financial Vehicles | $82,220 |
| Other Insurance Related Activities | $81,870 |
| Direct Health and Medical Insurance Carriers | $81,240 |
| Business, Professional, Labor, Political, and Similar Organizations | $80,090 |
| Insurance Carriers | $80,040 |
| Finance and Insurance | $79,960 |
| Cross-industry, Private Ownership only | $79,900 |
| Insurance Carriers and Related Activities | $79,900 |
| Agencies, Brokerages, and Other Insurance Related Activities | $79,410 |
| Direct Insurance (except Life, Health, and Medical) Carriers | $79,350 |
| Management, Scientific, and Technical Consulting Services | $79,300 |
| Insurance Agencies and Brokerages | $79,200 |
| Professional, Scientific, and Technical Services | $78,970 |
| Professional, Scientific, and Technical Services | $78,970 |
| Religious, Grantmaking, Civic, Professional, and Similar Organizations | $78,870 |
| Other Services (except Public Administration) | $78,870 |
| Management of Companies and Enterprises | $78,490 |
| Management of Companies and Enterprises | $78,490 |
| Management of Companies and Enterprises | $78,490 |
| Office Administrative Services | $76,150 |
| Administrative and Support and Waste Management and Remediation Services | $75,000 |
| Administrative and Support Services | $75,000 |
| Federal, State, and Local Government, excluding State and Local Government Schools and Hospitals and the U.S. Postal Service (OEWS Designation) | $73,930 |
| Federal, State, and Local Government, excluding State and Local Government Schools and Hospitals and the U.S. Postal Service (OEWS Designation) | $73,930 |
| Federal, State, and Local Government, including State and Local Government Schools and Hospitals and the U.S. Postal Service (OEWS Designation) | $73,930 |
| State Government, excluding Schools and Hospitals (OEWS Designation) | $72,070 |
| State Government, including Schools and Hospitals (OEWS Designation) | $72,070 |
| Legal Services | $69,400 |
| Employment Services | $65,860 |
| Temporary Help Services | $60,830 |
| Other Professional, Scientific, and Technical Services | $51,380 |
National Wage Trend
View data table
| Year | Median Annual |
|---|---|
| 2024 | $79,880 |
| 2023 | $77,860 |
| 2022 | $76,230 |
| 2021 | $76,390 |
| 2020 | $71,790 |
| 2019 | $70,020 |
| 2018 | $69,380 |
| 2017 | $69,760 |
| 2016 | $67,680 |
| 2015 | $65,040 |
| 2014 | $64,220 |