How to Become a Insurance Underwriters in Colorado
Insurance Underwriters in Colorado earn a median salary of $100,640/year, which is 24% above the national average. Colorado has a state income tax of ~4.4%. After taxes and rent, a insurance underwriters takes home approximately $4,300/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in Colorado
Becoming a insurance underwriters in Colorado
Meet education requirements
Insurance Underwriters positions in Colorado typically require Bachelor's degree. Programs are available at colleges and training institutions across Colorado. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in Colorado require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Colorado licensure or certification
Colorado may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state, contact the Colorado Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Colorado
Colorado employs 2,040 insurance underwriters. The highest concentrations are in Denver-Aurora-Centennial and Colorado Springs.
Insurance Underwriters salary by metro area in Colorado
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Denver-Aurora-Centennial | $102K | $48.96/hr | 1,540 |
| Colorado Springs | $94K | $45.17/hr | 240 |
Insurance Underwriters salary range in Colorado
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in Colorado?▼
The median insurance underwriters salary in Colorado is $100,640 per year ($48.38/hr). This is 24% above the national median of $81,370. Salaries range from $67,390 to $167,680.
What are the requirements to become a insurance underwriters in Colorado?▼
Insurance Underwriters positions in Colorado typically require Bachelor's degree. Colorado may have specific licensing or certification requirements. Check with the Colorado licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in Colorado?▼
At the median salary of $100,640, a insurance underwriters in Colorado would take home approximately $6,230/month after taxes. With median 2-bedroom rent at $1,930/month, that's 31% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for insurance underwriters in Colorado?▼
The highest paying metro areas for insurance underwriters in Colorado are Denver-Aurora-Centennial ($101,840), Colorado Springs ($93,960). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Colorado have state income tax for insurance underwriters?▼
Yes, Colorado has a state income tax rate of approximately 4.4%. On a $100,640 salary, this means roughly $4,428/year in state income tax. Use our take-home pay calculator for a detailed breakdown.