Insurance Underwriter salary in Albany-Schenectady-Troy, NY
Insurance Underwriters in the Albany-Schenectady-Troy, NY metro area earn a median of $92,830 a year ($44.63 an hour), based on BLS data for 370 workers.
Pay ranges from $64,760 for the lowest-paid 10% to $149,140 for the top 10%. That is 14% higher than the national median of $81,370. Pay here is 5% lower than the New York statewide median of $97,450. There are 0.83 insurance underwriters per 1,000 jobs here — the job is 1.2× more common than nationally. The average (mean) salary is $98,990, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Albany-Schenectady-Troy, NY
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $64,760 | $31.14 |
| 25th percentile | $77,200 | $37.12 |
| Median | $92,830 | $44.63 |
| 75th percentile | $119,720 | $57.56 |
| 90th percentile (top earners) | $149,140 | $71.70 |
| Average (mean) | $98,990 | $47.59 |
Half of insurance underwriters earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $7,735.83 |
| Semi-monthly (24 a year) | $3,867.92 |
| Biweekly (26 a year) | $3,570.38 |
| Weekly | $1,785.19 |
| Hourly | $44.63 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Insurance Underwriter salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ | $98,410 | 6,740 |
| Buffalo-Cheektowaga, NY | $95,370 | 200 |
| Rochester, NY | $94,310 | 260 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | $90,380 | 80 |
| Syracuse, NY | $81,160 | 240 |
Highest-paying states for insurance underwriters
| State | Median salary |
|---|---|
| Massachusetts | $106,640 |
| New Hampshire | $103,940 |
| Nevada | $101,440 |
| Connecticut | $100,690 |
| Colorado | $100,640 |
| Washington | $99,400 |
| New York | $97,450 |
| Wisconsin | $97,370 |
| New Jersey | $96,220 |
| Maine | $95,510 |
See Insurance Underwriter pay in every state or the New York statewide figures.
Related jobs in Albany-Schenectady-Troy, NY
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $84,660 | $40.70 |
| Financial and Investment Analysts | $91,270 | $43.88 |
| Tax Examiners and Collectors, and Revenue Agents | $64,990 | $31.25 |
| Personal Financial Advisor | $124,610 | $59.91 |
| Budget Analyst | $81,350 | $39.11 |
| Loan Officer | $79,710 | $38.32 |
| Financial Examiner | $80,640 | $38.77 |
| Tax Preparer | $62,290 | $29.95 |
| Financial Risk Specialist | $120,570 | $57.97 |
| Financial Specialists, All Other | $77,390 | $37.21 |
| Property Appraisers and Assessors | $74,770 | $35.95 |
| Credit Counselor | $60,730 | $29.20 |
| Management Analyst | $83,690 | $40.24 |
| Project Management Specialist | $109,850 | $52.81 |
More: Business and Financial Operations Occupations · all salaries in Albany-Schenectady-Troy, NY
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2053. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a insurance underwriter make in Albany-Schenectady-Troy, NY?
The median salary for insurance underwriters in the Albany-Schenectady-Troy, NY metro area is $92,830 a year, or $44.63 an hour. Pay ranges from $64,760 for the lowest-paid 10% to $149,140 for the top 10%.
How much do the highest-paid insurance underwriters make in Albany-Schenectady-Troy, NY?
The top 10% of insurance underwriters in the Albany-Schenectady-Troy, NY metro area earn at least $149,140 a year. The top 25% earn $119,720 or more.
What is the starting pay for insurance underwriters in Albany-Schenectady-Troy, NY?
Entry-level pay (the 10th percentile) is about $64,760 a year, and a quarter of insurance underwriters earn $77,200 or less.
How many insurance underwriters work in Albany-Schenectady-Troy, NY?
About 370 insurance underwriters are employed in the Albany-Schenectady-Troy, NY metro area, not counting the self-employed.