Disclosure: This page contains affiliate links marked with (Ad). If you click through and make a purchase, we may earn a commission at no extra cost to you.
Learn more
Insurance Underwriters Salary in Minnesota
Last updated: 2025 BLS data · Page refreshed:
How much do Insurance Underwriters make in Minnesota?
Last updated: 2025 data from the Bureau of Labor Statistics
$80,700
Median Annual Salary
▲
+2.2% vs 2024
$95,750
Mean Salary
$80,700
Median Salary
$38.80
Hourly Rate
2,550 people work as Insurance Underwriters in Minnesota
Insurance Underwriters salary by percentile in Minnesota
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Insurance Underwriters in Minnesota earn a median salary of $80,700 per year ($6,725/month).
This is 1.2% below the national average of $81,709.
Minnesota ranks #21 out of 49 states for Insurance Underwriters pay.
Approximately 2,550 people work in this occupation across Minnesota.
Salaries increased by 2.2% compared to 2024.
About This Job: Insurance Underwriters
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
Top Skills
Reading Comprehension
3.75
Active Listening
3.75
Writing
3.75
Critical Thinking
3.75
Speaking
3.62
Key Knowledge Areas
English Language
4.0
Customer and Personal Service
3.9
Mathematics
3.27
Sales and Marketing
3.17
Administrative
2.93
Typical Education: Bachelor's Degree
(70.0% of workers)
Salaries for Insurance Underwriters in Minnesota range from $60,350 at the 10th percentile (entry level) to $138,710 at the 90th percentile (experienced). The middle 50% earn between $73,330 and $124,980.
How much do Insurance Underwriters make in Minnesota?
The median annual salary for Insurance Underwriters in Minnesota is $80,700 as of 2025. The average (mean) salary is $95,750.
What is the salary range for a Insurance Underwriters in Minnesota?
Salaries for Insurance Underwriters in Minnesota range from $60,350 at the 10th percentile to $138,710 at the 90th percentile. The middle 50% earn between $73,330 and $124,980.
What is the starting salary for a Insurance Underwriters in Minnesota?
Entry-level Insurance Underwriters positions in Minnesota typically start around $60,350 (10th percentile). With some experience, salaries rise to $73,330 (25th percentile).
How many people work as Insurance Underwriters in Minnesota?
According to 2025 BLS data, approximately 2,550 people are employed as Insurance Underwriters in Minnesota.
What is the hourly rate for a Insurance Underwriters in Minnesota?
Based on a standard 2,080-hour work year, the median hourly rate for a Insurance Underwriters in Minnesota is approximately $38.80 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
We use cookies to improve your experience, analyze site traffic, and serve relevant ads.
You can choose which categories to allow. For details, see our
Privacy Policy and
Cookie List.