Underwriter earnings by seniority

Approximate values based on highest and lowest earning segments.

Underwriter salary by state

State Name Average Salary
Alaska $61,840
Alabama $59,650
Arkansas $47,030
Arizona $62,762
California $78,750
Colorado $71,180
Connecticut $77,346
District of Columbia $80,410
Delaware $64,350
Florida $63,790
Georgia $73,910
Guam $36,650
Hawaii $64,530
Iowa $66,682
Idaho $68,710
Illinois $70,566
Indiana $77,190
Kansas $74,630
Kentucky $67,276
Louisiana $56,920
Massachusetts $76,760
Maryland $76,450
Maine $65,040
Michigan $65,450
Minnesota $63,820
Missouri $64,660
Mississippi $60,960
Montana $71,290
North Carolina $71,570
North Dakota $59,860
Nebraska $59,960
New Hampshire $80,530
New Jersey $79,930
New Mexico $54,430
Nevada $61,780
New York $78,420
Ohio $68,190
Oklahoma $55,450
Oregon $71,220
Pennsylvania $77,300
Puerto Rico $37,730
Rhode Island $68,040
South Carolina $50,010
South Dakota $74,810
Tennessee $64,860
Texas $61,240
Utah $55,760
Virginia $64,260
Vermont $58,420
Washington $76,110
Wisconsin $63,490
West Virginia $52,890
Wyoming $58,630

How much does a Underwriter earn?

Those new to this field will typically start out towards the lower end of the underwriter salary scale and may move up in salary with experience. In addition, continuing education is required for advancement.

According to CollegeGrad.com, the median annual wages in 2014 for insurance underwriters in the top industries are:

Direct health and medical insurance carriers - $64,290/yr
Other insurance related activities - $64,160/yr
Direct insurance (except life, health, and medical) carriers - $63,700/yr
Management of companies and enterprises - $62,130/yr
Insurance agencies and brokerages - $61,680/yr

How do underwriter salaries compare to similar careers?

Underwriters earn about the same as related careers in the United States. On average, they make less than detectives but more than insurance appraisers.

Career Median Salary
Detective salary $83K
Urban planner salary $74K
Mail superintendent salary $77K
Arbitrator salary $64K
Underwriter salary $68K
Fire inspector salary $62K
Police officer salary $57K
Healthcare social worker salary $57K
Insurance appraiser salary $59K

Source: CareerExplorer (Aggregated)