Insurance Underwriter salary in Boston-Cambridge-Newton, MA-NH
Insurance Underwriters in the Boston-Cambridge-Newton, MA-NH metro area earn a median of $106,170 a year ($51.04 an hour), based on BLS data for 2,080 workers.
Pay ranges from $74,230 for the lowest-paid 10% to $169,360 for the top 10%. That is 30% higher than the national median of $81,370. Pay here is about the same as the Massachusetts statewide median of $106,640. There are 0.77 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $115,600, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Boston-Cambridge-Newton, MA-NH
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $74,230 | $35.69 |
| 25th percentile | $81,100 | $38.99 |
| Median | $106,170 | $51.04 |
| 75th percentile | $135,360 | $65.08 |
| 90th percentile (top earners) | $169,360 | $81.43 |
| Average (mean) | $115,600 | $55.58 |
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 | $8,847.50 |
| Semi-monthly (24 a year) | $4,423.75 |
| Biweekly (26 a year) | $4,083.46 |
| Weekly | $2,041.73 |
| Hourly | $51.04 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $106,170 salary, see how much house you can afford in Massachusetts at today's mortgage rates, or work out a payment with the mortgage calculator.
Insurance Underwriter salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Springfield, MA | $115,420 | 130 |
| Worcester, MA | $98,000 | 310 |
| Manchester-Nashua, NH | $97,800 | 100 |
| 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 Boston-Cambridge-Newton, MA-NH
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $100,150 | $48.15 |
| Financial and Investment Analysts | $117,520 | $56.50 |
| Loan Officer | $103,400 | $49.71 |
| Tax Examiners and Collectors, and Revenue Agents | $73,550 | $35.36 |
| Financial Risk Specialist | $132,580 | $63.74 |
| Tax Preparer | $59,630 | $28.67 |
| Credit Analyst | $101,890 | $48.99 |
| Budget Analyst | $98,330 | $47.27 |
| Financial Examiner | $105,230 | $50.59 |
| Property Appraisers and Assessors | $94,230 | $45.31 |
| Credit Counselor | $64,080 | $30.81 |
| Financial Specialists, All Other | $100,150 | $48.15 |
| Personal Financial Advisor | $126,530 | $60.83 |
| Market Research Analysts and Marketing Specialists | $102,390 | $49.23 |
More: Business and Financial Operations Occupations · all salaries in Boston-Cambridge-Newton, MA-NH
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 Boston-Cambridge-Newton, MA-NH?
The median salary for insurance underwriters in the Boston-Cambridge-Newton, MA-NH metro area is $106,170 a year, or $51.04 an hour. Pay ranges from $74,230 for the lowest-paid 10% to $169,360 for the top 10%.
How much do the highest-paid insurance underwriters make in Boston-Cambridge-Newton, MA-NH?
The top 10% of insurance underwriters in the Boston-Cambridge-Newton, MA-NH metro area earn at least $169,360 a year. The top 25% earn $135,360 or more.
What is the starting pay for insurance underwriters in Boston-Cambridge-Newton, MA-NH?
Entry-level pay (the 10th percentile) is about $74,230 a year, and a quarter of insurance underwriters earn $81,100 or less.
How many insurance underwriters work in Boston-Cambridge-Newton, MA-NH?
About 2,080 insurance underwriters are employed in the Boston-Cambridge-Newton, MA-NH metro area, not counting the self-employed.