Insurance Underwriter salary in Springfield, MA
Insurance Underwriters in the Springfield, MA metro area earn a median of $115,420 a year ($55.49 an hour), based on BLS data for 130 workers.
Pay ranges from $71,540 for the lowest-paid 10% to $156,510 for the top 10%. That is 42% higher than the national median of $81,370. Pay here is 8% higher than the Massachusetts statewide median of $106,640. There are 0.67 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $108,170, close to the median.
Pay range for insurance underwriters in Springfield, MA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $71,540 | $34.39 |
| 25th percentile | $76,340 | $36.70 |
| Median | $115,420 | $55.49 |
| 75th percentile | $124,570 | $59.89 |
| 90th percentile (top earners) | $156,510 | $75.24 |
| Average (mean) | $108,170 | $52.01 |
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 | $9,618.33 |
| Semi-monthly (24 a year) | $4,809.17 |
| Biweekly (26 a year) | $4,439.23 |
| Weekly | $2,219.62 |
| Hourly | $55.49 |
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 |
|---|---|---|
| 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 |
See Insurance Underwriter pay in every state or the Massachusetts statewide figures.
Related jobs in Springfield, MA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $92,010 | $44.24 |
| Financial and Investment Analysts | $103,200 | $49.61 |
| Personal Financial Advisor | $127,870 | $61.48 |
| Loan Officer | $89,480 | $43.02 |
| Financial Specialists, All Other | $76,270 | $36.67 |
| Budget Analyst | $81,360 | $39.11 |
| Property Appraisers and Assessors | $64,090 | $30.81 |
| Credit Analyst | $74,470 | $35.80 |
| Credit Counselor | $51,140 | $24.59 |
| Tax Examiners and Collectors, and Revenue Agents | $107,690 | $51.77 |
| Market Research Analysts and Marketing Specialists | $85,970 | $41.33 |
| Human Resources Specialist | $77,740 | $37.37 |
| Buyers and Purchasing Agents | $79,040 | $38.00 |
| Training and Development Specialists | $70,030 | $33.67 |
More: Business and Financial Operations Occupations · all salaries in Springfield, MA
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 Springfield, MA?
The median salary for insurance underwriters in the Springfield, MA metro area is $115,420 a year, or $55.49 an hour. Pay ranges from $71,540 for the lowest-paid 10% to $156,510 for the top 10%.
How much do the highest-paid insurance underwriters make in Springfield, MA?
The top 10% of insurance underwriters in the Springfield, MA metro area earn at least $156,510 a year. The top 25% earn $124,570 or more.
What is the starting pay for insurance underwriters in Springfield, MA?
Entry-level pay (the 10th percentile) is about $71,540 a year, and a quarter of insurance underwriters earn $76,340 or less.
How many insurance underwriters work in Springfield, MA?
About 130 insurance underwriters are employed in the Springfield, MA metro area, not counting the self-employed.