Insurance Underwriter salary in Virginia
Insurance Underwriters in Virginia earn a median of $81,870 a year ($39.36 an hour), based on BLS data for 2,470 workers.
Pay ranges from $61,940 for the lowest-paid 10% to $130,120 for the top 10%. That is 1% higher than the national median of $81,370. Virginia ranks 19th of 49 states for insurance underwriters pay. There are 0.60 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $92,270, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Virginia
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $61,940 | $29.78 |
| 25th percentile | $66,670 | $32.06 |
| Median | $81,870 | $39.36 |
| 75th percentile | $104,010 | $50.00 |
| 90th percentile (top earners) | $130,120 | $62.56 |
| Average (mean) | $92,270 | $44.36 |
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 | $6,822.50 |
| Semi-monthly (24 a year) | $3,411.25 |
| Biweekly (26 a year) | $3,148.85 |
| Weekly | $1,574.42 |
| Hourly | $39.36 |
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 Virginia
| Metro area | Median salary | Workers |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $90,990 | 900 |
| Charlottesville, VA | $81,580 | 40 |
| Richmond, VA | $81,400 | 950 |
| 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 |
Related jobs in Virginia
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $93,290 | $44.85 |
| Financial and Investment Analysts | $105,490 | $50.72 |
| Loan Officer | $78,320 | $37.66 |
| Personal Financial Advisor | $102,640 | $49.35 |
| Financial Specialists, All Other | $92,930 | $44.68 |
| Budget Analyst | $105,470 | $50.71 |
| Credit Analyst | $102,430 | $49.25 |
| Tax Preparer | $58,520 | $28.13 |
| Tax Examiners and Collectors, and Revenue Agents | $59,610 | $28.66 |
| Financial Risk Specialist | $126,510 | $60.82 |
| Property Appraisers and Assessors | $76,080 | $36.58 |
| Financial Examiner | $104,060 | $50.03 |
| Credit Counselor | $51,550 | $24.78 |
| Management Analyst | $117,580 | $56.53 |
More: Business and Financial Operations Occupations · all salaries in Virginia
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 Virginia?
The median salary for insurance underwriters in Virginia is $81,870 a year, or $39.36 an hour. Pay ranges from $61,940 for the lowest-paid 10% to $130,120 for the top 10%.
How much do the highest-paid insurance underwriters make in Virginia?
The top 10% of insurance underwriters in Virginia earn at least $130,120 a year. The top 25% earn $104,010 or more.
What is the starting pay for insurance underwriters in Virginia?
Entry-level pay (the 10th percentile) is about $61,940 a year, and a quarter of insurance underwriters earn $66,670 or less.
How many insurance underwriters work in Virginia?
About 2,470 insurance underwriters are employed in Virginia, not counting the self-employed.