Insurance Underwriter salary in Montana
Insurance Underwriters in Montana earn a median of $63,140 a year ($30.36 an hour), based on BLS data for 140 workers.
Pay ranges from $50,280 for the lowest-paid 10% to $130,880 for the top 10%. That is 22% lower than the national median of $81,370. Montana ranks 45th of 49 states for insurance underwriters pay. There are 0.27 insurance underwriters per 1,000 jobs here — the job is less common than nationally (location quotient 0.40). The average (mean) salary is $76,970, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Montana
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $50,280 | $24.17 |
| 25th percentile | $52,750 | $25.36 |
| Median | $63,140 | $30.36 |
| 75th percentile | $82,770 | $39.79 |
| 90th percentile (top earners) | $130,880 | $62.93 |
| Average (mean) | $76,970 | $37.00 |
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 | $5,261.67 |
| Semi-monthly (24 a year) | $2,630.83 |
| Biweekly (26 a year) | $2,428.46 |
| Weekly | $1,214.23 |
| Hourly | $30.36 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $63,140 salary, see how much house you can afford in Montana at today's mortgage rates, or work out a payment with the mortgage calculator.
Insurance Underwriter salary in cities in Montana
| Metro area | Median salary | Workers |
|---|---|---|
| Helena, MT | $81,080 | 40 |
| Missoula, MT | $62,890 | 40 |
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 Montana
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $75,810 | $36.45 |
| Loan Officer | $71,570 | $34.41 |
| Financial and Investment Analysts | $99,190 | $47.69 |
| Budget Analyst | $79,700 | $38.32 |
| Tax Preparer | $63,080 | $30.33 |
| Financial Specialists, All Other | $76,350 | $36.71 |
| Property Appraisers and Assessors | $62,250 | $29.93 |
| Credit Analyst | $74,650 | $35.89 |
| Financial Examiner | $80,970 | $38.93 |
| Tax Examiners and Collectors, and Revenue Agents | $63,610 | $30.58 |
| Financial Risk Specialist | $100,920 | $48.52 |
| Personal Financial Advisor | $97,450 | $46.85 |
| Business Operations Specialists, All Other | $74,990 | $36.05 |
| Project Management Specialist | $87,890 | $42.25 |
More: Business and Financial Operations Occupations · all salaries in Montana
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 Montana?
The median salary for insurance underwriters in Montana is $63,140 a year, or $30.36 an hour. Pay ranges from $50,280 for the lowest-paid 10% to $130,880 for the top 10%.
How much do the highest-paid insurance underwriters make in Montana?
The top 10% of insurance underwriters in Montana earn at least $130,880 a year. The top 25% earn $82,770 or more.
What is the starting pay for insurance underwriters in Montana?
Entry-level pay (the 10th percentile) is about $50,280 a year, and a quarter of insurance underwriters earn $52,750 or less.
How many insurance underwriters work in Montana?
About 140 insurance underwriters are employed in Montana, not counting the self-employed.