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As of August 01, 2026, the average salary for an Insurance Underwriter in Kentucky is $55,705 per year, which breaks down to an hourly rate of $27.
However, an Insurance Underwriter's salary can vary significantly. Here’s a look at the typical salary range:
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Insurance Underwriter Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $61,661 | $5,138 | $1,186 | $30 |
| Average | $55,705 | $4,642 | $1,071 | $27 |
| 25th Percentile | $49,487 | $4,124 | $952 | $24 |
Diedre Moire - Covington, KY
Reliance Savings Bank - ALTOONA, PA
FM - THE COLONY, TX
FM - NORWOOD, MA
An Insurance 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 an Insurance 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 |
|---|---|
| Insurance... Level Insurance Underwriter | $55,267 |
| Underwrit... Level Insurance Underwriter | $65,117 |
| Underwrit... Level Insurance Underwriter | $84,652 |
| Underwrit... Level Insurance Underwriter | $98,886 |
| Underwrit... Level Insurance Underwriter | $121,853 |
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 Insurance Underwriters. For example, consider the average annual salaries in these key locations:
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:
For Insurance Underwriter roles, the industry you choose can affect earning potential by as much as 100% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Financial Services sectors offer the strongest compensation, at 50% above the average. In contrast, Insurance Underwriter positions in Retail & Wholesale or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Insurance Underwriter as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $83,557 | $40.0 | 50% |
| Financial Services | $66,845 | $32.0 | 20% |
| Healthcare | $61,275 | $29.0 | 10% |
Understanding how an Insurance 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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $61,661 | $5,138 | $1,186 | $30 |
| Average | $55,705 | $4,642 | $1,071 | $27 |
| 25th Percentile | $49,487 | $4,124 | $952 | $24 |
Ready to take the next step in your career? Browse thousands of current Insurance Underwriter job openings on our job board. Use the search bar below to find your perfect match.
FM
GRAND CENTRAL, NY
FM | GRAND CENTRAL, NY
Job Description: FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engi... more
4 Days Ago
State Farm Mutual Automobile Insurance Company
COSTA MESA, CA
State Farm Mutual Automobile Insurance Company | COSTA MESA, CA
Location US-CA-Costa Mesa Job Category Legal, Compliance, and Risk Management Position Type Regular Full Time Req ID 44628 Overview Being good neighbors – ... more
6 Days Ago
USAA
BLACK FOREST, CO
USAA | BLACK FOREST, CO
Why USAA. At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted... more
3 Days Ago
USAA
SAN ANTONIO, TX
USAA | SAN ANTONIO, TX
Why USAA. At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted... more
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USAA
TAMPA, FL
USAA | TAMPA, FL
Why USAA. At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted... more
10 Days Ago
USAA
COLORADO SPRINGS, CO
USAA | COLORADO SPRINGS, CO
Why USAA. At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted... more
26 Days Ago
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