As of August 01, 2026, the average salary for a Risk Underwriter in Rhode Island is $59,039 per year, which breaks down to an hourly rate of $28.
However, a Risk Underwriter's salary can vary significantly. Here’s a look at the typical salary range:
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A Risk Underwriter's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Risk Underwriter's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Risk Underwriter | $58,242 |
| Intermediate Level Risk Underwriter | $58,811 |
| Senior Level Risk Underwriter | $59,608 |
| Specialist Level Risk Underwriter | $61,075 |
| Expert Level Risk Underwriter | $64,361 |
What Am I Worth?
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 Risk Underwriters. For example, consider the average annual salaries in these key locations:
For Risk Underwriter roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Insurance sectors offer the strongest compensation, at 45% above the average. In contrast, Risk Underwriter positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Risk Underwriter as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $85,607 | $41.0 | 45% |
| Insurance | $79,703 | $38.0 | 35% |
| MFG Durable | $64,943 | $31.0 | 10% |
Understanding how a Risk Underwriter'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 August 01, 2026Ready to take the next step in your career? Browse thousands of current Risk Underwriter job openings on our job board. Use the search bar below to find your perfect match.
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