Insurance Underwriter salary in Maryland
Insurance Underwriters in Maryland earn a median of $92,120 a year ($44.29 an hour), based on BLS data for 1,310 workers.
Pay ranges from $59,520 for the lowest-paid 10% to $152,690 for the top 10%. That is 13% higher than the national median of $81,370. Maryland ranks 12th of 49 states for insurance underwriters pay. There are 0.48 insurance underwriters per 1,000 jobs here — the job is less common than nationally (location quotient 0.70). The average (mean) salary is $96,540, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Maryland
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $59,520 | $28.61 |
| 25th percentile | $68,930 | $33.14 |
| Median | $92,120 | $44.29 |
| 75th percentile | $116,990 | $56.25 |
| 90th percentile (top earners) | $152,690 | $73.41 |
| Average (mean) | $96,540 | $46.41 |
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 | $7,676.67 |
| Semi-monthly (24 a year) | $3,838.33 |
| Biweekly (26 a year) | $3,543.08 |
| Weekly | $1,771.54 |
| Hourly | $44.29 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $92,120 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 cities in Maryland
| 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 |
| Hagerstown-Martinsburg, MD-WV | $80,770 | 50 |
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 |
Related jobs in Maryland
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $89,370 | $42.97 |
| Financial and Investment Analysts | $100,370 | $48.26 |
| Personal Financial Advisor | $99,880 | $48.02 |
| Loan Officer | $73,580 | $35.37 |
| Financial Specialists, All Other | $101,400 | $48.75 |
| Budget Analyst | $106,020 | $50.97 |
| Tax Preparer | $47,020 | $22.61 |
| Financial Risk Specialist | $117,130 | $56.31 |
| Credit Analyst | $75,390 | $36.25 |
| Property Appraisers and Assessors | $77,610 | $37.31 |
| Tax Examiners and Collectors, and Revenue Agents | $66,900 | $32.16 |
| Credit Counselor | $60,450 | $29.06 |
| Financial Examiner | $102,980 | $49.51 |
| Business Operations Specialists, All Other | $101,500 | $48.80 |
More: Business and Financial Operations Occupations · all salaries in Maryland
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 Maryland?
The median salary for insurance underwriters in Maryland is $92,120 a year, or $44.29 an hour. Pay ranges from $59,520 for the lowest-paid 10% to $152,690 for the top 10%.
How much do the highest-paid insurance underwriters make in Maryland?
The top 10% of insurance underwriters in Maryland earn at least $152,690 a year. The top 25% earn $116,990 or more.
What is the starting pay for insurance underwriters in Maryland?
Entry-level pay (the 10th percentile) is about $59,520 a year, and a quarter of insurance underwriters earn $68,930 or less.
How many insurance underwriters work in Maryland?
About 1,310 insurance underwriters are employed in Maryland, not counting the self-employed.