Insurance Underwriter salary in Richmond, VA
Insurance Underwriters in the Richmond, VA metro area earn a median of $81,400 a year ($39.13 an hour), based on BLS data for 950 workers.
Pay ranges from $63,310 for the lowest-paid 10% to $129,500 for the top 10%. That is about the same as the national median of $81,370. Pay here is 1% lower than the Virginia statewide median of $81,870. There are 1.4 insurance underwriters per 1,000 jobs here — the job is 2.1× more common than nationally. The average (mean) salary is $92,670, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Richmond, VA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $63,310 | $30.44 |
| 25th percentile | $65,680 | $31.58 |
| Median | $81,400 | $39.13 |
| 75th percentile | $102,270 | $49.17 |
| 90th percentile (top earners) | $129,500 | $62.26 |
| Average (mean) | $92,670 | $44.55 |
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 | $6,783.33 |
| Semi-monthly (24 a year) | $3,391.67 |
| Biweekly (26 a year) | $3,130.77 |
| Weekly | $1,565.38 |
| Hourly | $39.13 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Insurance Underwriter salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $90,990 | 900 |
| Charlottesville, VA | $81,580 | 40 |
| Virginia Beach-Chesapeake-Norfolk, VA-NC | $77,980 | 470 |
| Roanoke, VA | $66,670 | 70 |
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 Virginia statewide figures.
Related jobs in Richmond, VA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $84,220 | $40.49 |
| Financial and Investment Analysts | $104,160 | $50.08 |
| Loan Officer | $69,610 | $33.47 |
| Personal Financial Advisor | $110,910 | $53.32 |
| Financial Specialists, All Other | $81,070 | $38.97 |
| Tax Examiners and Collectors, and Revenue Agents | $57,620 | $27.70 |
| Financial Examiner | $100,540 | $48.34 |
| Budget Analyst | $92,550 | $44.49 |
| Financial Risk Specialist | $105,060 | $50.51 |
| Tax Preparer | $62,160 | $29.89 |
| Property Appraisers and Assessors | $81,270 | $39.07 |
| Credit Counselor | $54,150 | $26.03 |
| Credit Analyst | $105,430 | $50.69 |
| Project Management Specialist | $102,170 | $49.12 |
More: Business and Financial Operations Occupations · all salaries in Richmond, VA
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 Richmond, VA?
The median salary for insurance underwriters in the Richmond, VA metro area is $81,400 a year, or $39.13 an hour. Pay ranges from $63,310 for the lowest-paid 10% to $129,500 for the top 10%.
How much do the highest-paid insurance underwriters make in Richmond, VA?
The top 10% of insurance underwriters in the Richmond, VA metro area earn at least $129,500 a year. The top 25% earn $102,270 or more.
What is the starting pay for insurance underwriters in Richmond, VA?
Entry-level pay (the 10th percentile) is about $63,310 a year, and a quarter of insurance underwriters earn $65,680 or less.
How many insurance underwriters work in Richmond, VA?
About 950 insurance underwriters are employed in the Richmond, VA metro area, not counting the self-employed.