Insurance Underwriter salary in Baltimore-Columbia-Towson, MD
Insurance Underwriters in the Baltimore-Columbia-Towson, MD metro area earn a median of $93,510 a year ($44.96 an hour), based on BLS data for 770 workers.
Pay ranges from $57,360 for the lowest-paid 10% to $152,700 for the top 10%. That is 15% higher than the national median of $81,370. Pay here is 2% higher than the Maryland statewide median of $92,120. There are 0.57 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $96,940, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Baltimore-Columbia-Towson, MD
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $57,360 | $27.58 |
| 25th percentile | $68,930 | $33.14 |
| Median | $93,510 | $44.96 |
| 75th percentile | $116,360 | $55.94 |
| 90th percentile (top earners) | $152,700 | $73.41 |
| Average (mean) | $96,940 | $46.61 |
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 | $7,792.50 |
| Semi-monthly (24 a year) | $3,896.25 |
| Biweekly (26 a year) | $3,596.54 |
| Weekly | $1,798.27 |
| Hourly | $44.96 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $93,510 salary, see how much house you can afford in Maryland at today's mortgage rates, or work out a payment with the mortgage calculator.
Insurance Underwriter salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $90,990 | 900 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $84,580 | 2,590 |
| Hagerstown-Martinsburg, MD-WV | $80,770 | 50 |
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 Maryland statewide figures.
Related jobs in Baltimore-Columbia-Towson, MD
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $85,160 | $40.94 |
| Personal Financial Advisor | $98,970 | $47.58 |
| Financial and Investment Analysts | $98,880 | $47.54 |
| Loan Officer | $68,470 | $32.92 |
| Financial Specialists, All Other | $77,960 | $37.48 |
| Budget Analyst | $96,150 | $46.23 |
| Tax Preparer | $56,160 | $27.00 |
| Tax Examiners and Collectors, and Revenue Agents | $65,140 | $31.32 |
| Credit Analyst | $77,460 | $37.24 |
| Financial Risk Specialist | $119,720 | $57.56 |
| Property Appraisers and Assessors | $77,250 | $37.14 |
| Financial Examiner | $103,460 | $49.74 |
| Credit Counselor | $56,960 | $27.39 |
| Business Operations Specialists, All Other | $98,060 | $47.14 |
More: Business and Financial Operations Occupations · all salaries in Baltimore-Columbia-Towson, MD
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 Baltimore-Columbia-Towson, MD?
The median salary for insurance underwriters in the Baltimore-Columbia-Towson, MD metro area is $93,510 a year, or $44.96 an hour. Pay ranges from $57,360 for the lowest-paid 10% to $152,700 for the top 10%.
How much do the highest-paid insurance underwriters make in Baltimore-Columbia-Towson, MD?
The top 10% of insurance underwriters in the Baltimore-Columbia-Towson, MD metro area earn at least $152,700 a year. The top 25% earn $116,360 or more.
What is the starting pay for insurance underwriters in Baltimore-Columbia-Towson, MD?
Entry-level pay (the 10th percentile) is about $57,360 a year, and a quarter of insurance underwriters earn $68,930 or less.
How many insurance underwriters work in Baltimore-Columbia-Towson, MD?
About 770 insurance underwriters are employed in the Baltimore-Columbia-Towson, MD metro area, not counting the self-employed.