Insurance Underwriter Salary Information in Maryland

The average annual and hourly salaries for insurance underwriters in the state of Maryland are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of insurance underwriters among Maryland metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Insurance Underwriters in Maryland

Percentile BracketAverage Annual Salary
10th Percentile Wage
$49,250
25th Percentile Wage
$61,090
50th Percentile Wage
$83,220
75th Percentile Wage
$103,180
90th Percentile Wage
$121,350

Table 1 shows the average annual salary for insurance underwriters in Maryland in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $121,350. The median (50th percentile) annual salary is $83,220. The average annual salary for the bottom 10 percent is $49,250.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$23.68
25th Percentile Wage
$29.37
50th Percentile Wage
$40.01
75th Percentile Wage
$49.60
90th Percentile Wage
$58.34

Table 2 shows the average hourly salary for insurance underwriters in Maryland in 5 percentile scales. The average hourly salary for the 90th percentile is $58.34. The median hourly salary is $40.01. The average hourly salary for the bottom 10 percent is $23.68.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of insurance underwriters from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201683,2208.88%22.55%
201575,8302.18%-
201474,18020.91%-
201358,670-9.85%-
201264,450--

Table 3. Median Annual Salary of Insurance Underwriters in Maryland Cities

Table 3 shows the median annual salary of insurance underwriters in some Maryland cities and metropolitan areas. We note that the median annual salary of insurance underwriters in state of Maryland ranges from $74,390 to $84,460. The highest paying area for insurance underwriters in Maryland is Bethesda-Rockville-Frederick with a median annual salary of $84,460. The lowest paying area is Baltimore-Towson with a median annual salary of $74,390.

Cities/Areas Median Annual Salary
Bethesda-Rockville-Frederick
$84,460
Baltimore-Towson
$74,390


Related:

Highest paying cities for insurance underwriters

Highest paying industries for insurance underwriters.