Colorado Median
$100,640
per year
Hourly Rate
$48.38
based on 2,080 hrs/yr
vs National
+24% vs US median
US median $81,370
State Rank
#5 of 49
2,040 employed here
How much does an Insurance Underwriter make in Colorado?
Insurance Underwriters in Colorado take home a median of $100,640 annually — roughly $48.38 an hour — which runs 24% above the national median of $81,370.
Within Colorado, entry-level pay starts around $67,390 while the top 10% make $167,680 or more. The middle 50% of earners fall between $76,860 and $130,880 a year.
Insurance Underwriter salary range in Colorado
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $67,390 | $32.40 |
|
| 25th percentile (early career) | $76,860 | $36.95 |
|
| 50th percentile (median) | $100,640 | $48.38 |
|
| 75th percentile (experienced) | $130,880 | $62.92 |
|
| 90th percentile (top earners) | $167,680 | $80.62 |
|
How Colorado compares
Colorado ranks 5th out of 49 states and territories for Insurance Underwriter pay. The top 5 best-paying states:
Insurance Underwriter salary in other states
Massachusetts $106,640New Hampshire $103,940Nevada $101,440Connecticut $100,690Washington $99,400New York $97,450Wisconsin $97,370New Jersey $96,220Maine $95,510California $95,320Maryland $92,120Illinois $89,620Georgia $85,980Rhode Island $84,720South Dakota $83,130Arkansas $82,130District of Columbia $82,070Virginia $81,870Alaska $81,620Minnesota $80,700Missouri $80,040Kentucky $79,830South Carolina $79,570Ohio $79,260Oregon $79,200Pennsylvania $78,950Texas $78,890Tennessee $78,840Florida $78,720Vermont $77,990Arizona $77,740Indiana $77,440Michigan $77,380North Carolina $77,120Kansas $77,070Louisiana $76,540Iowa $75,160Nebraska $75,120North Dakota $74,130Hawaii $73,260Utah $72,730Oklahoma $66,770New Mexico $64,000Montana $63,140Idaho $62,530Wyoming $62,290Alabama $62,220Mississippi $59,250
Working as an Insurance Underwriter in Colorado
Nationally, about 105,000 people work as Insurance Underwriters in the United States. A bachelor's degree (about 4 years of college) is the standard entry requirement.
Considering a move? Compare Colorado pay ($100,640) against the highest-paying state above, and weigh the difference against housing and everyday costs — a smaller paycheck in a cheaper state can stretch further.
Frequently asked questions
How much does an Insurance Underwriter make in Colorado?
The median Insurance Underwriter salary in Colorado is $100,640 per year, or about $48.38 per hour, per official BLS state wage estimates. Salaries typically range from $67,390 at the entry level to $167,680 for the top 10% of earners.
How does Colorado pay compare to the national average?
Colorado pays Insurance Underwriters about 24% more than the national median of $81,370. Colorado ranks 5th out of 49 states and territories reporting this occupation.
Is Colorado a good state for Insurance Underwriters?
Yes on pay — Colorado pays above the national median for this occupation, at $100,640 a year. About 2,040 Insurance Underwriters are employed in Colorado. Weigh that against local housing and living costs before moving.
What are the highest-paying jobs in Colorado?
The highest-paying occupations in Colorado include Orthodontist ($416,000), Dermatologist ($398,810), Orthopedic Surgeon, Except Pediatric ($385,410), based on median annual pay in official BLS state estimates.
← See the national Insurance Underwriter salary report
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Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), Unknown vintage. Education requirements: O*NET (U.S. Department of Labor). State figures are official BLS state-level wage estimates. Where BLS suppresses a state percentile, it is scaled from the official national distribution. Individual pay varies by employer, metro area, and experience.