Insurance Underwriter salary in Toledo, OH
Insurance Underwriters in the Toledo, OH metro area earn a median of $59,710 a year ($28.71 an hour), based on BLS data for 90 workers.
Pay ranges from $45,990 for the lowest-paid 10% to $105,910 for the top 10%. That is 27% lower than the national median of $81,370. Pay here is 25% lower than the Ohio statewide median of $79,260. There are 0.31 insurance underwriters per 1,000 jobs here — the job is less common than nationally (location quotient 0.46). The average (mean) salary is $70,390, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Toledo, OH
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $45,990 | $22.11 |
| 25th percentile | $47,180 | $22.69 |
| Median | $59,710 | $28.71 |
| 75th percentile | $78,870 | $37.92 |
| 90th percentile (top earners) | $105,910 | $50.92 |
| Average (mean) | $70,390 | $33.84 |
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 | $4,975.83 |
| Semi-monthly (24 a year) | $2,487.92 |
| Biweekly (26 a year) | $2,296.54 |
| Weekly | $1,148.27 |
| Hourly | $28.71 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $59,710 salary, see how much house you can afford in Ohio 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 |
|---|---|---|
| Cincinnati, OH-KY-IN | $82,110 | 1,690 |
| Columbus, OH | $79,370 | 1,170 |
| Cleveland, OH | $78,610 | 640 |
| Akron, OH | $72,870 | 180 |
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 Ohio statewide figures.
Related jobs in Toledo, OH
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $77,400 | $37.21 |
| Loan Officer | $74,400 | $35.77 |
| Personal Financial Advisor | $82,890 | $39.85 |
| Financial and Investment Analysts | $96,640 | $46.46 |
| Financial Specialists, All Other | $79,390 | $38.17 |
| Property Appraisers and Assessors | $62,370 | $29.99 |
| Budget Analyst | $82,990 | $39.90 |
| Credit Counselor | $47,450 | $22.81 |
| Financial Risk Specialist | $82,930 | $39.87 |
| Human Resources Specialist | $67,200 | $32.31 |
| Project Management Specialist | $81,940 | $39.39 |
| Market Research Analysts and Marketing Specialists | $62,950 | $30.27 |
| Business Operations Specialists, All Other | $74,520 | $35.83 |
| Buyers and Purchasing Agents | $68,850 | $33.10 |
More: Business and Financial Operations Occupations · all salaries in Toledo, OH
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 Toledo, OH?
The median salary for insurance underwriters in the Toledo, OH metro area is $59,710 a year, or $28.71 an hour. Pay ranges from $45,990 for the lowest-paid 10% to $105,910 for the top 10%.
How much do the highest-paid insurance underwriters make in Toledo, OH?
The top 10% of insurance underwriters in the Toledo, OH metro area earn at least $105,910 a year. The top 25% earn $78,870 or more.
What is the starting pay for insurance underwriters in Toledo, OH?
Entry-level pay (the 10th percentile) is about $45,990 a year, and a quarter of insurance underwriters earn $47,180 or less.
How many insurance underwriters work in Toledo, OH?
About 90 insurance underwriters are employed in the Toledo, OH metro area, not counting the self-employed.