Insurance Underwriter salary in Hagerstown-Martinsburg, MD-WV
Insurance Underwriters in the Hagerstown-Martinsburg, MD-WV metro area earn a median of $80,770 a year ($38.83 an hour), based on BLS data for 50 workers.
Pay ranges from $45,740 for the lowest-paid 10% to $154,990 for the top 10%. That is 1% lower than the national median of $81,370. Pay here is 12% lower than the Maryland statewide median of $92,120. There are 0.47 insurance underwriters per 1,000 jobs here — the job is less common than nationally (location quotient 0.70). The average (mean) salary is $91,570, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Hagerstown-Martinsburg, MD-WV
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $45,740 | $21.99 |
| 25th percentile | $65,070 | $31.28 |
| Median | $80,770 | $38.83 |
| 75th percentile | $101,850 | $48.97 |
| 90th percentile (top earners) | $154,990 | $74.51 |
| Average (mean) | $91,570 | $44.02 |
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 | $6,730.83 |
| Semi-monthly (24 a year) | $3,365.42 |
| Biweekly (26 a year) | $3,106.54 |
| Weekly | $1,553.27 |
| Hourly | $38.83 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $80,770 salary, see how much house you can afford in Maryland 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 |
|---|---|---|
| Baltimore-Columbia-Towson, MD | $93,510 | 770 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $90,990 | 900 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $84,580 | 2,590 |
| Charleston, WV | $64,730 | 90 |
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 Maryland statewide figures.
Related jobs in Hagerstown-Martinsburg, MD-WV
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,250 | $36.18 |
| Loan Officer | $62,060 | $29.84 |
| Financial and Investment Analysts | $78,230 | $37.61 |
| Financial Specialists, All Other | $69,910 | $33.61 |
| Personal Financial Advisor | $92,370 | $44.41 |
| Tax Examiners and Collectors, and Revenue Agents | $59,050 | $28.39 |
| Property Appraisers and Assessors | $61,590 | $29.61 |
| Business Operations Specialists, All Other | $87,400 | $42.02 |
| Project Management Specialist | $88,600 | $42.60 |
| Human Resources Specialist | $77,730 | $37.37 |
| Management Analyst | $104,330 | $50.16 |
| Compliance Officer | $93,040 | $44.73 |
| Market Research Analysts and Marketing Specialists | $64,470 | $31.00 |
| Buyers and Purchasing Agents | $76,960 | $37.00 |
More: Business and Financial Operations Occupations · all salaries in Hagerstown-Martinsburg, MD-WV
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 Hagerstown-Martinsburg, MD-WV?
The median salary for insurance underwriters in the Hagerstown-Martinsburg, MD-WV metro area is $80,770 a year, or $38.83 an hour. Pay ranges from $45,740 for the lowest-paid 10% to $154,990 for the top 10%.
How much do the highest-paid insurance underwriters make in Hagerstown-Martinsburg, MD-WV?
The top 10% of insurance underwriters in the Hagerstown-Martinsburg, MD-WV metro area earn at least $154,990 a year. The top 25% earn $101,850 or more.
What is the starting pay for insurance underwriters in Hagerstown-Martinsburg, MD-WV?
Entry-level pay (the 10th percentile) is about $45,740 a year, and a quarter of insurance underwriters earn $65,070 or less.
How many insurance underwriters work in Hagerstown-Martinsburg, MD-WV?
About 50 insurance underwriters are employed in the Hagerstown-Martinsburg, MD-WV metro area, not counting the self-employed.