Insurance Underwriter Trends (2024)

Insurance underwriter job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:

  • The projected insurance underwriter job growth rate is -4% from 2018-2028.

  • About -5,500 new jobs for insurance underwriters are projected over the next decade.

  • Insurance underwriter salaries have increased 6% for insurance underwriters in the last 5 years.

  • There are over 3,912 insurance underwriters currently employed in the United States.

  • There are 39,026 active insurance underwriter job openings in the US.

  • The average insurance underwriter salary is $64,163.

Are insurance underwriter jobs in demand?

No, insurance underwriter jobs are not in demand. Insurance underwriter demand is projected to decline -4% from 2018 to 2028.

Insurance Underwriter job and salary trends over time

Compare the number of insurance underwriter jobs and the average insurance underwriter salary over time.

Insurance Underwriter jobs over time

Insurance Underwriter job growth rate over time

Year# Of Jobs% Of Population
20213,9120.00%
20203,6980.00%
20193,6350.00%
20183,4890.00%
20173,2660.00%

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Average insurance underwriter salary over time

Insurance Underwriter salary by year

YearAvg. SalaryHourly Rate% Change
2024$64,163$30.85-
2023$62,581$30.09--2.5%
2022$62,009$29.81--0.9%
2021$62,349$29.98+0.5%
2020$60,490$29.08--3.0%

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Top insurance underwriter jobs near you

Insurance Underwriter jobs by state

The map below shows you the number of insurance underwriter job openings in each state. The darker areas on the map show where insurance underwriters earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Insurance Underwriter Trends (1)

Most common states for insurance underwriters

RankStatePopulation# of JobsEmployment/
1000ppl
1South Dakota869,66611413%
2Vermont623,6577913%
3Wyoming579,3156712%
4North Dakota755,3938011%
5Iowa3,145,71130310%
6Delaware961,93910110%
7Alaska739,7957410%
8Idaho1,716,9431509%
9Arizona7,016,2705358%
10Colorado5,607,1544498%
11Utah3,101,8332348%
12Mississippi2,984,1002248%
13Montana1,050,493898%
14Rhode Island1,059,639858%
15Minnesota5,576,6063687%
16Kansas2,913,1232047%
17Nebraska1,920,0761337%
18Maine1,335,907887%
19District of Columbia693,972527%
20Illinois12,802,0237606%

Most common cities for insurance underwriters

RankCity# of JobsEmployment/
1000ppl
Avg. Salary
1Queensbury14%$87,130
2Santa Ana21%$56,709
3Salt Lake City11%$53,020
4Atlanta20%$63,524
5New York20%$87,139
6Phoenix20%$58,281
7Anaheim10%$56,822
8Austin10%$47,863
9Boston10%$90,814
10Chicago10%$80,895
11Dallas10%$50,126
12Fort Wayne10%$74,672
13Orlando10%$56,660
14San Antonio10%$47,241

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Insurance Underwriter Trends (2024)
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