Business & Finance
Insurance Underwriter Salary
Evaluates risk to decide whether and how to insure applicants.
Low
$56,000
Average
$78,000
High
$102,000
What this role does
- Assess applications for insurability
- Set coverage terms and pricing
- Review claims history and risk factors
- Maintain underwriting guidelines
Education & path in
Bachelor's in finance, business, or related field
Experience level: Entry-level with training program common at large insurers
Where it pays best
States that typically pay above the national average for this role: Connecticut, New York, Massachusetts, Illinois, Ohio. Actual pay depends heavily on metro area, employer size, and cost of living.
Job outlook
Decline
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Figures are editorial estimates as of Jul 1, 2026, not official government statistics. For official data, see the Bureau of Labor Statistics.