What are the main factors that influence an Insurance Product Development Manager's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

What industry pays the highest salary for Insurance Product Development Manager?

The Financial Services industry offers the highest average compensation for Insurance Product Development Manager roles, with salaries approximately 50% above the market median.

What are the highest paying states for an Insurance Product Development Manager?

Insurance Product Development Manager salary varies significantly by state. The top 3 highest paying states for Insurance Product Development Manager roles are District of Columbia $158,558, California $157,956, Massachusetts $155,851. These tech hubs typically pay 10-15% above the national average.

How much do different types of Insurance Product Development Manager roles make?

Salaries for Insurance Product Development Manager level roles vary by specialization: SVP of Insurance Product Development: $341,123; VP of Insurance Product Development: $256,771; Insurance Product Development Director: $190,011; Sr Manager of Insurance Product Development and Design: $170,300; Insurance Product Development Senior Manager: $170,261.

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Insurance Product Development Manager Salary in Delaware

How much does an Insurance Product Development Manager make in Delaware?

As of July 01, 2026, the average salary for an Insurance Product Development Manager in Delaware is $145,025 per year, which breaks down to an hourly rate of $70.

However, an Insurance Product Development Manager's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $180,245
Majority Range (25th-75th percentile): $129,072 to $163,460
Entry-Level (10th percentile): $114,548

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Insurance Product Development Manager Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$163,460	$13,622	$3,143	$79
Average	$145,025	$12,085	$2,789	$70
25th Percentile	$129,072	$10,756	$2,482	$62

You may get higher pay by adjusting the following factors:

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Key Factors That Influence Insurance Product Development Manager Salaries

An Insurance Product Development Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how geographic location, and company size can directly affect your earning potential.

How Do Insurance Product Development Manager Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Product Development Managers. For example, consider the average annual salaries in these key locations:

District of Columbia: $158,558.
California: $157,956.
Massachusetts: $155,851.

District of Columbia $158,558 California $157,956 Massachusetts $155,851 Washington $155,278 New Jersey $155,221 Alaska $155,020 Connecticut $153,044 New York $152,242

Hawaii $149,679 Rhode Island $148,476 Maryland $147,660 Minnesota $146,543 Colorado $146,113 Illinois $145,970 Oregon $145,426 Delaware $145,025

New Hampshire $144,773 Virginia $144,208 Pennsylvania $142,562 Nevada $141,731 North Dakota $141,459 Michigan $141,029 Wisconsin $140,872 Vermont $140,557

Texas $139,683 Maine $139,626 Arizona $139,540 Ohio $139,440 Georgia $138,122 Indiana $137,463 Wyoming $137,335 Utah $137,134

Iowa $137,048 Kansas $136,361 Louisiana $136,160 North Carolina $136,089 Missouri $136,060 Florida $135,501 Montana $135,201 Nebraska $134,914

Kentucky $134,757 South Carolina $134,184 Tennessee $133,826 Idaho $133,683 New Mexico $132,637 Oklahoma $132,408 Alabama $131,563 South Dakota $130,146

Arkansas $129,372 West Virginia $128,957 Mississippi $127,711

Top Paying Cities for Insurance Product Development Managers

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Lincoln: $144,372
Little Creek: $145,429
Magnolia: $145,219

Lincoln, DE $144,372 Little Creek, DE $145,429 Magnolia, DE $145,219 Milford, DE $144,738 Marydel, DE $144,976 Millsboro, DE $143,766 Millville, DE $143,988 Milton, DE $144,237

Nassau, DE $144,342 Ocean View, DE $143,964 Rehoboth Beach, DE $144,240 Seaford, DE $144,322 Selbyville, DE $143,724 Smyrna, DE $145,529 Viola, DE $144,859 Woodside, DE $145,248

Bear, DE $144,913 Newark, DE $144,859 Claymont, DE $145,155 Delaware City, DE $145,003 Hockessin, DE $144,846 Kirkwood, DE $144,976 Middletown, DE $145,032 Montchanin, DE $144,879

New Castle, DE $144,900 Odessa, DE $145,103 Port Penn, DE $145,201 Rockland, DE $144,893 Saint Georges, DE $144,986 Townsend, DE $145,209 Winterthur, DE $144,910 Lewes, DE $144,293

Wilmington, DE $144,853 Dover, DE $145,429 Dover Afb, DE $144,662 Bethany Beach, DE $143,812 Bethel, DE $143,961 Bridgeville, DE $144,300 Camden Wyoming, DE $145,019 Cheswold, DE $145,381

Clayton, DE $145,386 Dagsboro, DE $143,711 Delmar, DE $143,481 Ellendale, DE $143,916 Felton, DE $144,727 Fenwick Island, DE $143,743 Frankford, DE $143,492 Frederica, DE $144,870

Georgetown, DE $143,657 Greenwood, DE $144,323 Harbeson, DE $143,810 Harrington, DE $144,544 Hartly, DE $144,993 Houston, DE $144,337 Kenton, DE $145,393 Laurel, DE $143,571

Yorklyn, DE $144,889

Insurance Product Development Manager Salary by Company Size: Startups vs. Enterprise

Insurance Product Development Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $156,740. While startup companies pay approximate $132,835.

Insurance Product Development Manager Salary by Company Size

Company Size	Employees	Average Salary
Startup	1~50	$132,835
Growth Stage	51~500	$140,435
Established	501~5000	$151,435
Enterprise	5000+	$156,740

Insurance Product Development Manager Salary by Industry: Top Paying Sectors

For Insurance Product Development Manager roles, the industry you choose can affect earning potential by as much as 90% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 50% above the average. In contrast, Insurance Product Development Manager positions in Insurance or Business Services typically offer lower base pay, as these industries often view Insurance Product Development Manager as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Product Development Manager

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Financial Services	$217,537	$105.0	50%
Edu., Gov't. & Nonprofit	$174,030	$84.0	20%

Insurance Product Development Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Product Development Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on July 01, 2026

$129,072

Average $145,025/year

$163,460

$10,756

Average $12,085/month

$13,622

$2,482

Average $2,789/week

$3,143

$62

Average $70/hour

$79

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$163,460	$13,622	$3,143	$79
Average	$145,025	$12,085	$2,789	$70
25th Percentile	$129,072	$10,756	$2,482	$62

Insurance Product Development Manager Salary Growth & Career Path

Insurance Product Development Manager

Insurance Product Development Senior Manager

SVP of Insurance Product Development

For an Insurance Product Development Manager, the most direct path to higher earnings is advancing to the Insurance Product Development Senior Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $172,423 - a projected growth of 19% over your current level.

Salaries of jobs related to Insurance Product Development Manager

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