Insurance Underwriter salary in Indiana
Insurance Underwriters in Indiana earn a median of $77,440 a year ($37.23 an hour), based on BLS data for 2,170 workers.
Pay ranges from $48,160 for the lowest-paid 10% to $104,580 for the top 10%. That is 5% lower than the national median of $81,370. Indiana ranks 33rd of 49 states for insurance underwriters pay. There are 0.68 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $78,280, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Indiana
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $48,160 | $23.15 |
| 25th percentile | $61,440 | $29.54 |
| Median | $77,440 | $37.23 |
| 75th percentile | $95,130 | $45.74 |
| 90th percentile (top earners) | $104,580 | $50.28 |
| Average (mean) | $78,280 | $37.63 |
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 | $6,453.33 |
| Semi-monthly (24 a year) | $3,226.67 |
| Biweekly (26 a year) | $2,978.46 |
| Weekly | $1,489.23 |
| Hourly | $37.23 |
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 Indiana
| Metro area | Median salary | Workers |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $99,840 | 4,060 |
| Lafayette-West Lafayette, IN | $95,130 | 50 |
| Cincinnati, OH-KY-IN | $82,110 | 1,690 |
| Indianapolis-Carmel-Greenwood, IN | $79,280 | 1,150 |
| Louisville/Jefferson County, KY-IN | $76,450 | 430 |
| Fort Wayne, IN | $64,490 | 330 |
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 Indiana
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,720 | $37.36 |
| Personal Financial Advisor | $87,710 | $42.17 |
| Loan Officer | $72,960 | $35.08 |
| Financial and Investment Analysts | $81,760 | $39.31 |
| Property Appraisers and Assessors | $60,350 | $29.01 |
| Financial Specialists, All Other | $92,410 | $44.43 |
| Tax Preparer | $45,710 | $21.98 |
| Credit Analyst | $62,660 | $30.12 |
| Credit Counselor | $48,180 | $23.16 |
| Tax Examiners and Collectors, and Revenue Agents | $56,570 | $27.20 |
| Financial Examiner | $81,300 | $39.09 |
| Budget Analyst | $82,080 | $39.46 |
| Financial Risk Specialist | $99,250 | $47.72 |
| Human Resources Specialist | $65,600 | $31.54 |
More: Business and Financial Operations Occupations · all salaries in Indiana
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 Indiana?
The median salary for insurance underwriters in Indiana is $77,440 a year, or $37.23 an hour. Pay ranges from $48,160 for the lowest-paid 10% to $104,580 for the top 10%.
How much do the highest-paid insurance underwriters make in Indiana?
The top 10% of insurance underwriters in Indiana earn at least $104,580 a year. The top 25% earn $95,130 or more.
What is the starting pay for insurance underwriters in Indiana?
Entry-level pay (the 10th percentile) is about $48,160 a year, and a quarter of insurance underwriters earn $61,440 or less.
How many insurance underwriters work in Indiana?
About 2,170 insurance underwriters are employed in Indiana, not counting the self-employed.