Data current as of August 2026 · sources: U.S. Bureau of Labor Statistics and O*NET
Average base salary, Arizona
$89,000 / year
≈ $7,400 per month · $42.79 per hour
BLS May 2025 state data for Arizona · median $80,500
25th percentile
$65,000Average
$89,00075th percentile
$105,000
$65,000Average
$89,00075th percentile
$105,000
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, aged to 2026 using compounded market movement. State selections show BLS state-level figures where published. Actual pay varies with experience, industry, and organization size.
Insurance Underwriter salary by state
Alabama$79,000
Alaska$79,000
Arizona$89,000
Arkansas$89,500
California$106,500
Colorado$115,000
Connecticut$110,000
District of Columbia$112,000
Florida$92,000
Georgia$104,000
Hawaii$79,000
Idaho$80,000
Illinois$102,500
Indiana$81,000
Iowa$86,000
Kansas$99,000
Kentucky$90,500
Louisiana$84,500
Maine$98,000
Maryland$100,000
Massachusetts$118,500
Michigan$84,500
Minnesota$99,000
Mississippi$66,000
Missouri$87,000
Montana$79,500
Nebraska$79,500
Nevada$106,500
New Hampshire$113,500
New Jersey$103,500
New Mexico$74,500
New York$114,000
North Carolina$87,000
North Dakota$81,000
Ohio$90,000
Oklahoma$75,000
Oregon$90,500
Pennsylvania$93,500
Rhode Island$95,000
South Carolina$90,500
South Dakota$103,500
Tennessee$85,500
Texas$92,000
Utah$79,000
Vermont$84,000
Virginia$95,500
Washington$112,500
Wisconsin$98,500
Wyoming$70,000
About this role
Insurance Underwriter is a professional role within the function in the Business and Financial Operations job family.
Pay for this title reflects both its level and its scope; see our Title Level and Organization Responsibility guides for how WePayFairly defines them.
What Insurance Underwriters do
Typical education: Bachelor's Degree
- Examine documents to determine degree of risk from factors such as applicant health, financial standing and value, and condition of property.
- Decline excessive risks.
- Write to field representatives, medical personnel, or others to obtain further information, quote rates, or explain company underwriting policies.
- Evaluate possibility of losses due to catastrophe or excessive insurance.
- Review company records to determine amount of insurance in force on single risk or group of closely related risks.
Top skills: Writing Reading Comprehension Critical Thinking Active Listening Speaking Judgment and Decision Making
Includes information from O*NET OnLine by the U.S. Department of Labor, Employment and Training Administration (CC BY 4.0).
Insurance Underwriter pay by experience level
Entry level$57,500
Typical starting pay (about the 10th percentile)
Early career$67,000
A few years in (about the 25th percentile)
Experienced$84,000
Mid-career median pay
Senior$114,500
Seasoned professionals (about the 75th percentile)
Top earners$150,000
Highest earners (about the 90th percentile)
Experience tiers are derived from the BLS wage percentile distribution for this occupation, aged to 2026. Actual pay varies by employer, location, and specialization.
Job outlook
-2.6%
projected change in jobs, 2024–2034
8,200
projected openings per year
Declining
Source: U.S. Bureau of Labor Statistics, Employment Projections program (2024–2034). Openings include growth and replacement needs.
Insurance Underwriter salary by industry
Insurance Carriers and Related Activities
97,600 workers
$97,500Insurance Carriers
61,490 workers
$97,500Agencies, Brokerages, and Other Insurance Related Activities
36,110 workers
$98,000Management of Companies and Enterprises
2,940 workers
$92,500Management of Companies and Enterprises
2,940 workers
$92,500Professional, Scientific, and Technical Services
980 workers
$93,500Credit Intermediation and Related Activities
920 workers
$92,500Federal, State, and Local Government, excluding State and Local Schools and Hospitals and USPS
880 workers
$80,500State Government, excluding Schools and Hospitals (OEWS Designation)
700 workers
$76,500Nondepository Credit Intermediation
570 workers
$95,000National sector-level figures, BLS OEWS May 2025, aged to 2026.
How this role compares
Insurance Underwriter pays 3% above the average across 47 roles in the Business and Financial Operations job family (family average $94,500).
Similar-paying roles in Business and Financial Operations
Business Continuity Planner$97,500
Accountants and Auditors$98,000
Budget Analyst$100,000
Logistician$93,000
Labor Relations Specialist$102,000
Compliance Officer$91,500
Loan Officer$91,000
Credit Analyst$104,500
Careers related to Insurance Underwriter
Financial Risk Specialist$129,000
Loan Officer$91,000
Credit Analyst$104,500
Insurance Sales Agent$84,500
Personal Financial Advisor$162,000
Related occupations from O*NET OnLine, U.S. Department of Labor.
Frequently asked questions
How much does a Insurance Underwriter make?
The average base salary for a Insurance Underwriter in the United States is $97,000 per year, or about $46.63 per hour.
What is the typical salary range?
Pay typically falls between $67,000 and $114,500 per year (25th to 75th percentile) depending on experience, location, industry, and organization size.
How does this compare with other Business and Financial Operations roles?
The Business and Financial Operations job family averages $94,500 across 47 roles tracked by WePayFairly.
Need a defensible market price for this role?
WePayFairly data is compiled from published survey sources and maintained by compensation professionals.
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