Insurance underwriters assess risk and determine the terms and conditions of insurance policies.
This article will explore the best states for insurance underwriters, based on the average annual salary for the occupation.
- 1. District of Columbia ($110,150)
- 2. New York ($104,670)
- 3. Massachusetts ($99,260)
- 4. New Jersey ($98,390)
- 5. Connecticut ($97,500)
- 6. California ($97,030)
- 7. Washington ($93,740)
- 8. Colorado ($93,440)
- 9. Rhode Island ($91,670)
- 10. Pennsylvania ($90,260)
- Conclusion
Key Takeaways
- The highest-paid insurance underwriters are in District of Columbia, where they earn an average of $110,150 per year.
- The lowest-paid insurance underwriters are in Guam, where they earn an average of $39,130 per year.
- The U.S. average salary for insurance underwriters is $77,444 per year.
1. District of Columbia ($110,150)
Insurance Underwriters in District of Columbia earn the highest average salary in the U.S. The median annual salary for
insurance underwriters in District of Columbia is
$110,150, which is +42% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $110,150 |
| 10th Percentile | $66,400 |
| 25th Percentile | $81,690 |
| 75th Percentile | $138,370 |
| 90th Percentile | $168,050 |
2. New York ($104,670)
Insurance Underwriters in New York earn the 2nd highest average salary in the U.S. The median annual salary for
insurance underwriters in New York is
$104,670, which is +35% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $104,670 |
| 10th Percentile | $57,930 |
| 25th Percentile | $76,990 |
| 75th Percentile | $127,860 |
| 90th Percentile | $167,510 |
3. Massachusetts ($99,260)
Insurance Underwriters in Massachusetts earn the 3rd highest average salary in the U.S. The median annual salary for
insurance underwriters in Massachusetts is
$99,260, which is +28% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $99,260 |
| 10th Percentile | $59,430 |
| 25th Percentile | $69,570 |
| 75th Percentile | $120,490 |
| 90th Percentile | $158,810 |
4. New Jersey ($98,390)
Insurance Underwriters in New Jersey earn the 4th highest average salary in the U.S. The median annual salary for
insurance underwriters in New Jersey is
$98,390, which is +27% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $98,390 |
| 10th Percentile | $62,260 |
| 25th Percentile | $75,130 |
| 75th Percentile | $109,070 |
| 90th Percentile | $146,770 |
5. Connecticut ($97,500)
Insurance Underwriters in Connecticut earn the 5th highest average salary in the U.S. The median annual salary for
insurance underwriters in Connecticut is
$97,500, which is +26% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $97,500 |
| 10th Percentile | $60,800 |
| 25th Percentile | $65,140 |
| 75th Percentile | $104,570 |
| 90th Percentile | $152,530 |
6. California ($97,030)
Insurance Underwriters in California earn the 6th highest average salary in the U.S. The median annual salary for
insurance underwriters in California is
$97,030, which is +25% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $97,030 |
| 10th Percentile | $59,350 |
| 25th Percentile | $71,360 |
| 75th Percentile | $120,060 |
| 90th Percentile | $139,530 |
7. Washington ($93,740)
Insurance Underwriters in Washington earn the 7th highest average salary in the U.S. The median annual salary for
insurance underwriters in Washington is
$93,740, which is +21% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $93,740 |
| 10th Percentile | $52,510 |
| 25th Percentile | $62,730 |
| 75th Percentile | $117,190 |
| 90th Percentile | $149,460 |
8. Colorado ($93,440)
Insurance Underwriters in Colorado earn the 8th highest average salary in the U.S. The median annual salary for
insurance underwriters in Colorado is
$93,440, which is +21% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $93,440 |
| 10th Percentile | $60,390 |
| 25th Percentile | $65,790 |
| 75th Percentile | $104,940 |
| 90th Percentile | $142,480 |
9. Rhode Island ($91,670)
Insurance Underwriters in Rhode Island earn the 9th highest average salary in the U.S. The median annual salary for
insurance underwriters in Rhode Island is
$91,670, which is +18% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $91,670 |
| 10th Percentile | $51,950 |
| 25th Percentile | $64,110 |
| 75th Percentile | $108,820 |
| 90th Percentile | $137,270 |
10. Pennsylvania ($90,260)
Insurance Underwriters in Pennsylvania earn the 10th highest average salary in the U.S. The median annual salary for
insurance underwriters in Pennsylvania is
$90,260, which is +17% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $90,260 |
| 10th Percentile | $47,430 |
| 25th Percentile | $61,290 |
| 75th Percentile | $103,880 |
| 90th Percentile | $147,920 |
Conclusion
The highest-paid insurance underwriters are in District of Columbia, where they earn an average of $110,150 per year. The lowest-paid insurance underwriters are in Guam, where they earn an average of $39,130 per year. The U.S. average salary for insurance underwriters is $77,444 per year and there are 106,556 jobs in the field.
