Insurance Underwriter salary in Lafayette-West Lafayette, IN
Insurance Underwriters in the Lafayette-West Lafayette, IN metro area earn a median of $95,130 a year ($45.74 an hour), based on BLS data for 50 workers.
Pay ranges from $61,460 for the lowest-paid 10% to $118,110 for the top 10%. That is 17% higher than the national median of $81,370. Pay here is 23% higher than the Indiana statewide median of $77,440. There are 0.52 insurance underwriters per 1,000 jobs here — the job is less common than nationally (location quotient 0.76). The average (mean) salary is $91,010, close to the median.
Pay range for insurance underwriters in Lafayette-West Lafayette, IN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $61,460 | $29.55 |
| 25th percentile | $77,080 | $37.06 |
| Median | $95,130 | $45.74 |
| 75th percentile | $95,140 | $45.74 |
| 90th percentile (top earners) | $118,110 | $56.78 |
| Average (mean) | $91,010 | $43.76 |
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 | $7,927.50 |
| Semi-monthly (24 a year) | $3,963.75 |
| Biweekly (26 a year) | $3,658.85 |
| Weekly | $1,829.42 |
| Hourly | $45.74 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $95,130 salary, see how much house you can afford in Indiana 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 |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $99,840 | 4,060 |
| Cincinnati, OH-KY-IN | $82,110 | 1,690 |
| Indianapolis-Carmel-Greenwood, IN | $79,280 | 1,150 |
| Louisville/Jefferson County, KY-IN | $76,450 | 430 |
| Fort Wayne, IN | $64,490 | 330 |
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 Indiana statewide figures.
Related jobs in Lafayette-West Lafayette, IN
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,740 | $37.38 |
| Loan Officer | $75,980 | $36.53 |
| Financial and Investment Analysts | $84,540 | $40.64 |
| Personal Financial Advisor | $81,400 | $39.14 |
| Tax Preparer | $46,300 | $22.26 |
| Property Appraisers and Assessors | $62,140 | $29.87 |
| Human Resources Specialist | $64,140 | $30.84 |
| Buyers and Purchasing Agents | $73,960 | $35.56 |
| Management Analyst | $95,600 | $45.96 |
| Project Management Specialist | $83,330 | $40.06 |
| Market Research Analysts and Marketing Specialists | $64,120 | $30.83 |
| Compliance Officer | $78,120 | $37.56 |
| Training and Development Specialists | $49,960 | $24.02 |
| Logistician | $83,320 | $40.06 |
More: Business and Financial Operations Occupations · all salaries in Lafayette-West Lafayette, IN
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 Lafayette-West Lafayette, IN?
The median salary for insurance underwriters in the Lafayette-West Lafayette, IN metro area is $95,130 a year, or $45.74 an hour. Pay ranges from $61,460 for the lowest-paid 10% to $118,110 for the top 10%.
How much do the highest-paid insurance underwriters make in Lafayette-West Lafayette, IN?
The top 10% of insurance underwriters in the Lafayette-West Lafayette, IN metro area earn at least $118,110 a year. The top 25% earn $95,140 or more.
What is the starting pay for insurance underwriters in Lafayette-West Lafayette, IN?
Entry-level pay (the 10th percentile) is about $61,460 a year, and a quarter of insurance underwriters earn $77,080 or less.
How many insurance underwriters work in Lafayette-West Lafayette, IN?
About 50 insurance underwriters are employed in the Lafayette-West Lafayette, IN metro area, not counting the self-employed.