Insurance Underwriter salary in Colorado Springs, CO
Insurance Underwriters in the Colorado Springs, CO metro area earn a median of $93,960 a year ($45.17 an hour), based on BLS data for 240 workers.
Pay ranges from $56,560 for the lowest-paid 10% to $161,880 for the top 10%. That is 15% higher than the national median of $81,370. Pay here is 7% lower than the Colorado statewide median of $100,640. There are 0.75 insurance underwriters per 1,000 jobs here — close to the national average. The average (mean) salary is $104,410, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Colorado Springs, CO
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $56,560 | $27.19 |
| 25th percentile | $70,730 | $34.00 |
| Median | $93,960 | $45.17 |
| 75th percentile | $120,930 | $58.14 |
| 90th percentile (top earners) | $161,880 | $77.83 |
| Average (mean) | $104,410 | $50.20 |
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 | $7,830 |
| Semi-monthly (24 a year) | $3,915 |
| Biweekly (26 a year) | $3,613.85 |
| Weekly | $1,806.92 |
| Hourly | $45.17 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $93,960 salary, see how much house you can afford in Colorado 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 |
|---|---|---|
| Denver-Aurora-Centennial, CO | $101,840 | 1,540 |
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 Colorado statewide figures.
Related jobs in Colorado Springs, CO
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $85,000 | $40.87 |
| Financial and Investment Analysts | $102,640 | $49.35 |
| Loan Officer | $79,770 | $38.35 |
| Financial Specialists, All Other | $88,520 | $42.56 |
| Budget Analyst | $93,530 | $44.97 |
| Tax Preparer | $58,900 | $28.32 |
| Financial Examiner | $96,670 | $46.48 |
| Financial Risk Specialist | $126,500 | $60.82 |
| Credit Analyst | $76,110 | $36.59 |
| Credit Counselor | $55,140 | $26.51 |
| Tax Examiners and Collectors, and Revenue Agents | $69,740 | $33.53 |
| Personal Financial Advisor | $72,430 | $34.82 |
| Property Appraisers and Assessors | $65,780 | $31.63 |
| Business Operations Specialists, All Other | $94,450 | $45.41 |
More: Business and Financial Operations Occupations · all salaries in Colorado Springs, CO
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 Colorado Springs, CO?
The median salary for insurance underwriters in the Colorado Springs, CO metro area is $93,960 a year, or $45.17 an hour. Pay ranges from $56,560 for the lowest-paid 10% to $161,880 for the top 10%.
How much do the highest-paid insurance underwriters make in Colorado Springs, CO?
The top 10% of insurance underwriters in the Colorado Springs, CO metro area earn at least $161,880 a year. The top 25% earn $120,930 or more.
What is the starting pay for insurance underwriters in Colorado Springs, CO?
Entry-level pay (the 10th percentile) is about $56,560 a year, and a quarter of insurance underwriters earn $70,730 or less.
How many insurance underwriters work in Colorado Springs, CO?
About 240 insurance underwriters are employed in the Colorado Springs, CO metro area, not counting the self-employed.