Insurance Underwriter salary in Worcester, MA
Insurance Underwriters in the Worcester, MA metro area earn a median of $98,000 a year ($47.12 an hour), based on BLS data for 310 workers.
Pay ranges from $59,800 for the lowest-paid 10% to $156,000 for the top 10%. That is 20% higher than the national median of $81,370. Pay here is 8% lower than the Massachusetts statewide median of $106,640. There are 0.89 insurance underwriters per 1,000 jobs here — the job is 1.3× more common than nationally. The average (mean) salary is $102,310, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Worcester, MA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $59,800 | $28.75 |
| 25th percentile | $76,520 | $36.79 |
| Median | $98,000 | $47.12 |
| 75th percentile | $125,340 | $60.26 |
| 90th percentile (top earners) | $156,000 | $75.00 |
| Average (mean) | $102,310 | $49.19 |
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 | $8,166.67 |
| Semi-monthly (24 a year) | $4,083.33 |
| Biweekly (26 a year) | $3,769.23 |
| Weekly | $1,884.62 |
| Hourly | $47.12 |
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 |
|---|---|---|
| Springfield, MA | $115,420 | 130 |
| Boston-Cambridge-Newton, MA-NH | $106,170 | 2,080 |
| 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 Worcester, MA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $94,070 | $45.23 |
| Financial and Investment Analysts | $98,960 | $47.58 |
| Loan Officer | $94,220 | $45.30 |
| Credit Analyst | $76,230 | $36.65 |
| Property Appraisers and Assessors | $82,100 | $39.47 |
| Financial Specialists, All Other | $75,880 | $36.48 |
| Budget Analyst | $87,210 | $41.93 |
| Credit Counselor | $60,680 | $29.17 |
| Financial Risk Specialist | $92,670 | $44.55 |
| Tax Examiners and Collectors, and Revenue Agents | $109,420 | $52.61 |
| Personal Financial Advisor | $120,400 | $57.89 |
| Human Resources Specialist | $77,290 | $37.16 |
| Market Research Analysts and Marketing Specialists | $90,300 | $43.41 |
| Project Management Specialist | $100,290 | $48.22 |
More: Business and Financial Operations Occupations · all salaries in Worcester, 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 Worcester, MA?
The median salary for insurance underwriters in the Worcester, MA metro area is $98,000 a year, or $47.12 an hour. Pay ranges from $59,800 for the lowest-paid 10% to $156,000 for the top 10%.
How much do the highest-paid insurance underwriters make in Worcester, MA?
The top 10% of insurance underwriters in the Worcester, MA metro area earn at least $156,000 a year. The top 25% earn $125,340 or more.
What is the starting pay for insurance underwriters in Worcester, MA?
Entry-level pay (the 10th percentile) is about $59,800 a year, and a quarter of insurance underwriters earn $76,520 or less.
How many insurance underwriters work in Worcester, MA?
About 310 insurance underwriters are employed in the Worcester, MA metro area, not counting the self-employed.