How to Become a Insurance Underwriters in Maine
Insurance Underwriters in Maine earn a median salary of $96,600/year, which is 21% above the national average. Maine has a state income tax of ~5.6%. After taxes and rent, a insurance underwriters takes home approximately $4,500/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in Maine
Becoming a insurance underwriters in Maine
Meet education requirements
Insurance Underwriters positions in Maine typically require Bachelor's degree. Programs are available at colleges and training institutions across Maine. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in Maine require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Maine licensure or certification
Maine may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state — contact the Maine Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Maine
Maine employs 610 insurance underwriters. The highest concentrations are in Portland-South Portland.
Insurance Underwriters salary by metro area in Maine
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Portland-South Portland | $83K | $39.9/hr | 350 |
Insurance Underwriters salary range in Maine
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in Maine?▼
The median insurance underwriters salary in Maine is $96,600 per year ($46.44/hr). This is 21% above the national median of $79,880. Salaries range from $61,110 to $133,170.
What are the requirements to become a insurance underwriters in Maine?▼
Insurance Underwriters positions in Maine typically require Bachelor's degree. Maine may have specific licensing or certification requirements. Check with the Maine licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in Maine?▼
At the median salary of $96,600, a insurance underwriters in Maine would take home approximately $5,912/month after taxes. With median 2-bedroom rent at $1,412/month, that's 23.9% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for insurance underwriters in Maine?▼
The highest paying metro areas for insurance underwriters in Maine are Portland-South Portland ($82,990). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Maine have state income tax for insurance underwriters?▼
Yes, Maine has a state income tax rate of approximately 5.6%. On a $96,600 salary, this means roughly $5,398/year in state income tax. Use our take-home pay calculator for a detailed breakdown.