Insurance Underwriter salary in New Jersey
Insurance Underwriters in New Jersey earn a median of $96,220 a year ($46.26 an hour), based on BLS data for 3,150 workers.
Pay ranges from $66,290 for the lowest-paid 10% to $144,230 for the top 10%. That is 18% higher than the national median of $81,370. New Jersey ranks 9th of 49 states for insurance underwriters pay. There are 0.73 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $99,990, above the median because a few high earners pull it up.
Pay range for insurance underwriters in New Jersey
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $66,290 | $31.87 |
| 25th percentile | $79,230 | $38.09 |
| Median | $96,220 | $46.26 |
| 75th percentile | $120,970 | $58.16 |
| 90th percentile (top earners) | $144,230 | $69.34 |
| Average (mean) | $99,990 | $48.07 |
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 | $8,018.33 |
| Semi-monthly (24 a year) | $4,009.17 |
| Biweekly (26 a year) | $3,700.77 |
| Weekly | $1,850.38 |
| Hourly | $46.26 |
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 New Jersey
| Metro area | Median salary | Workers |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ | $98,410 | 6,740 |
| Trenton-Princeton, NJ | $96,730 | 200 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $84,580 | 2,590 |
| Allentown-Bethlehem-Easton, PA-NJ | $80,690 | 130 |
| Atlantic City-Hammonton, NJ | $79,070 | 60 |
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 New Jersey
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $100,830 | $48.48 |
| Financial and Investment Analysts | $108,610 | $52.22 |
| Personal Financial Advisor | $158,570 | $76.24 |
| Loan Officer | $92,920 | $44.67 |
| Financial Specialists, All Other | $98,630 | $47.42 |
| Tax Preparer | $43,420 | $20.88 |
| Financial Risk Specialist | $129,220 | $62.12 |
| Financial Examiner | $106,410 | $51.16 |
| Tax Examiners and Collectors, and Revenue Agents | $96,420 | $46.36 |
| Credit Analyst | $100,940 | $48.53 |
| Property Appraisers and Assessors | $92,390 | $44.42 |
| Budget Analyst | $96,250 | $46.28 |
| Credit Counselor | $57,180 | $27.49 |
| Business Operations Specialists, All Other | $91,060 | $43.78 |
More: Business and Financial Operations Occupations · all salaries in New Jersey
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 New Jersey?
The median salary for insurance underwriters in New Jersey is $96,220 a year, or $46.26 an hour. Pay ranges from $66,290 for the lowest-paid 10% to $144,230 for the top 10%.
How much do the highest-paid insurance underwriters make in New Jersey?
The top 10% of insurance underwriters in New Jersey earn at least $144,230 a year. The top 25% earn $120,970 or more.
What is the starting pay for insurance underwriters in New Jersey?
Entry-level pay (the 10th percentile) is about $66,290 a year, and a quarter of insurance underwriters earn $79,230 or less.
How many insurance underwriters work in New Jersey?
About 3,150 insurance underwriters are employed in New Jersey, not counting the self-employed.