Insurance Underwriter salary in Massachusetts
Insurance Underwriters in Massachusetts earn a median of $106,640 a year ($51.27 an hour), based on BLS data for 2,890 workers.
Pay ranges from $70,590 for the lowest-paid 10% to $167,590 for the top 10%. That is 31% higher than the national median of $81,370. Massachusetts ranks 1st of 49 states for insurance underwriters pay, one of the best-paying states for this job. There are 0.79 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $114,510, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Massachusetts
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $70,590 | $33.94 |
| 25th percentile | $80,250 | $38.58 |
| Median | $106,640 | $51.27 |
| 75th percentile | $135,110 | $64.96 |
| 90th percentile (top earners) | $167,590 | $80.57 |
| Average (mean) | $114,510 | $55.05 |
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 | $8,886.67 |
| Semi-monthly (24 a year) | $4,443.33 |
| Biweekly (26 a year) | $4,101.54 |
| Weekly | $2,050.77 |
| Hourly | $51.27 |
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 Massachusetts
| Metro area | Median salary | Workers |
|---|---|---|
| Springfield, MA | $115,420 | 130 |
| Boston-Cambridge-Newton, MA-NH | $106,170 | 2,080 |
| Worcester, MA | $98,000 | 310 |
| Providence-Warwick, RI-MA | $85,150 | 280 |
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 Massachusetts
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $99,460 | $47.82 |
| Financial and Investment Analysts | $111,040 | $53.38 |
| Loan Officer | $101,600 | $48.85 |
| Tax Preparer | $58,400 | $28.08 |
| Financial Risk Specialist | $130,400 | $62.69 |
| Credit Analyst | $97,080 | $46.68 |
| Budget Analyst | $92,260 | $44.36 |
| Tax Examiners and Collectors, and Revenue Agents | $75,560 | $36.33 |
| Property Appraisers and Assessors | $91,750 | $44.11 |
| Financial Examiner | $111,110 | $53.42 |
| Credit Counselor | $63,240 | $30.41 |
| Financial Specialists, All Other | $99,970 | $48.06 |
| Personal Financial Advisor | $125,670 | $60.42 |
| Market Research Analysts and Marketing Specialists | $101,810 | $48.95 |
More: Business and Financial Operations Occupations · all salaries in Massachusetts
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 Massachusetts?
The median salary for insurance underwriters in Massachusetts is $106,640 a year, or $51.27 an hour. Pay ranges from $70,590 for the lowest-paid 10% to $167,590 for the top 10%.
How much do the highest-paid insurance underwriters make in Massachusetts?
The top 10% of insurance underwriters in Massachusetts earn at least $167,590 a year. The top 25% earn $135,110 or more.
What is the starting pay for insurance underwriters in Massachusetts?
Entry-level pay (the 10th percentile) is about $70,590 a year, and a quarter of insurance underwriters earn $80,250 or less.
How many insurance underwriters work in Massachusetts?
About 2,890 insurance underwriters are employed in Massachusetts, not counting the self-employed.