Insurance Underwriter salary
Updated Updated for 2026 tax law
An insurance underwriter earns a median of $81,370 a year ($39.12 an hour) in the US, according to the Bureau of Labor Statistics (May 2025). The average is $93,700. About 105,420 people work in this job.
Take-home pay on $81,370
- Gross pay
- $3,129.62
- Federal income tax
- −$348.90
- Social Security (6.2%)
- −$194.04
- Medicare (1.45%)
- −$45.38
- Texas income tax
- $0.00No state income tax on wages
- Take-home pay
- $2,541.30
Annual breakdown
- Gross
- $81,370
- Federal
- $9,071
- FICA
- $6,225
- State + local
- $0
- Net
- $66,074
- Marginal federal rate
- 22.0%
- Marginal state rate
- 0.0%
2026 federal brackets (Rev. Proc. 2025-32) and 2026 state rules. Estimates assume wages are your only income and use annual liability, so your actual withholding can differ slightly.
Insurance Underwriter salary by state
| State | Median salary | Average | Employed |
|---|---|---|---|
| Massachusetts | $106,640 | $114,510 | 2,890 |
| New Hampshire | $103,940 | $109,760 | 270 |
| Nevada | $101,440 | $103,000 | 480 |
| Connecticut | $100,690 | $106,140 | 2,010 |
| Colorado | $100,640 | $111,330 | 2,040 |
| Washington | $99,400 | $108,920 | 1,740 |
| New York | $97,450 | $110,210 | 6,900 |
| Wisconsin | $97,370 | $95,410 | 3,110 |
| New Jersey | $96,220 | $99,990 | 3,150 |
| Maine | $95,510 | $94,640 | 520 |
| California | $95,320 | $102,850 | 6,580 |
| Maryland | $92,120 | $96,540 | 1,310 |
| Illinois | $89,620 | $99,120 | — |
| Georgia | $85,980 | $100,720 | 7,160 |
| Rhode Island | $84,720 | $91,620 | 250 |
| South Dakota | $83,130 | $99,910 | 210 |
| Arkansas | $82,130 | $86,390 | 290 |
| District of Columbia | $82,070 | $108,350 | — |
| Virginia | $81,870 | $92,270 | 2,470 |
| Alaska | $81,620 | $76,560 | 100 |
| Minnesota | $80,700 | $95,750 | 2,550 |
| Missouri | $80,040 | $84,070 | 2,130 |
| Kentucky | $79,830 | $87,430 | 900 |
| South Carolina | $79,570 | $87,610 | 910 |
| Ohio | $79,260 | $86,900 | 5,110 |
| Oregon | $79,200 | $87,660 | 570 |
| Pennsylvania | $78,950 | $90,490 | 5,160 |
| Texas | $78,890 | $88,790 | 9,980 |
| Tennessee | $78,840 | $82,570 | 1,250 |
| Florida | $78,720 | $89,040 | 7,300 |
| Vermont | $77,990 | $81,310 | 210 |
| Arizona | $77,740 | $85,770 | 3,360 |
| Indiana | $77,440 | $78,280 | 2,170 |
| Michigan | $77,380 | $81,620 | 2,590 |
| North Carolina | $77,120 | $83,920 | 3,460 |
| Kansas | $77,070 | $95,660 | 1,230 |
| Louisiana | $76,540 | $81,450 | 1,050 |
| Iowa | $75,160 | $83,220 | 1,490 |
| Nebraska | $75,120 | $76,900 | 1,410 |
| North Dakota | $74,130 | $78,330 | 210 |
| Hawaii | $73,260 | $76,090 | 230 |
| Utah | $72,730 | $76,430 | 490 |
| Oklahoma | $66,770 | $72,490 | 600 |
| New Mexico | $64,000 | $71,970 | 100 |
| Montana | $63,140 | $76,970 | 140 |
| Idaho | $62,530 | $77,420 | 360 |
| Wyoming | $62,290 | $67,760 | 50 |
| Alabama | $62,220 | $76,480 | 1,540 |
| Mississippi | $59,250 | $63,890 | 600 |
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BLS occupation: Insurance Underwriters. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 (SOC 13-2053). Excludes the self-employed.
Frequently asked questions
How much does an insurance underwriter make an hour?
The median hourly wage is $39.12; the average is $45.05.
Which state pays insurance underwriters the most?
Massachusetts ($106,640 median), followed by New Hampshire and Nevada.
What is the salary range for an insurance underwriter?
The bottom 10% earn under $55,530 and the top 10% earn over $145,160 a year.
How much is $81,370 after taxes?
About $66,074 a year in Texas (no state income tax) or $61,694 in California for a single filer in 2026.
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Estimates for information only — not tax, legal or financial advice.