Insurance Underwriter salary in Colorado
Insurance Underwriters in Colorado earn a median of $100,640 a year ($48.38 an hour), based on BLS data for 2,040 workers.
Pay ranges from $67,390 for the lowest-paid 10% to $167,680 for the top 10%. That is 24% higher than the national median of $81,370. Colorado ranks 5th of 49 states for insurance underwriters pay, one of the best-paying states for this job. There are 0.71 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $111,330, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Colorado
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $67,390 | $32.40 |
| 25th percentile | $76,860 | $36.95 |
| Median | $100,640 | $48.38 |
| 75th percentile | $130,880 | $62.92 |
| 90th percentile (top earners) | $167,680 | $80.62 |
| Average (mean) | $111,330 | $53.53 |
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 | $8,386.67 |
| Semi-monthly (24 a year) | $4,193.33 |
| Biweekly (26 a year) | $3,870.77 |
| Weekly | $1,935.38 |
| Hourly | $48.38 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Insurance Underwriter salary in cities in Colorado
| Metro area | Median salary | Workers |
|---|---|---|
| Denver-Aurora-Centennial, CO | $101,840 | 1,540 |
| Colorado Springs, CO | $93,960 | 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 |
Related jobs in Colorado
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $97,030 | $46.65 |
| Financial and Investment Analysts | $103,850 | $49.93 |
| Personal Financial Advisor | $89,280 | $42.92 |
| Financial Specialists, All Other | $87,430 | $42.03 |
| Loan Officer | $94,520 | $45.44 |
| Financial Examiner | $99,610 | $47.89 |
| Tax Preparer | $62,620 | $30.11 |
| Budget Analyst | $97,100 | $46.68 |
| Property Appraisers and Assessors | $75,150 | $36.13 |
| Financial Risk Specialist | $120,300 | $57.84 |
| Credit Analyst | $81,270 | $39.07 |
| Tax Examiners and Collectors, and Revenue Agents | $69,740 | $33.53 |
| Credit Counselor | $57,130 | $27.47 |
| Business Operations Specialists, All Other | $92,520 | $44.48 |
More: Business and Financial Operations Occupations · all salaries in Colorado
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 Colorado?
The median salary for insurance underwriters in Colorado is $100,640 a year, or $48.38 an hour. Pay ranges from $67,390 for the lowest-paid 10% to $167,680 for the top 10%.
How much do the highest-paid insurance underwriters make in Colorado?
The top 10% of insurance underwriters in Colorado earn at least $167,680 a year. The top 25% earn $130,880 or more.
What is the starting pay for insurance underwriters in Colorado?
Entry-level pay (the 10th percentile) is about $67,390 a year, and a quarter of insurance underwriters earn $76,860 or less.
How many insurance underwriters work in Colorado?
About 2,040 insurance underwriters are employed in Colorado, not counting the self-employed.