How to Become a Insurance Underwriters in Maryland
Insurance Underwriters in Maryland earn a median salary of $88,820/year, which is 11% above the national average. Maryland has a state income tax of ~4.6%. After taxes and rent, a insurance underwriters takes home approximately $4,157/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in Maryland
Becoming a insurance underwriters in Maryland
Meet education requirements
Insurance Underwriters positions in Maryland typically require Bachelor's degree. Programs are available at colleges and training institutions across Maryland. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in Maryland require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Maryland licensure or certification
Maryland may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state — contact the Maryland Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Maryland
Maryland employs 1,100 insurance underwriters. The highest concentrations are in Baltimore-Columbia-Towson and Hagerstown-Martinsburg.
Insurance Underwriters salary by metro area in Maryland
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Baltimore-Columbia-Towson | $90K | $43.26/hr | 610 |
| Hagerstown-Martinsburg | $80K | $38.45/hr | 50 |
Insurance Underwriters salary range in Maryland
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in Maryland?▼
The median insurance underwriters salary in Maryland is $88,820 per year ($42.7/hr). This is 11% above the national median of $79,880. Salaries range from $60,130 to $133,440.
What are the requirements to become a insurance underwriters in Maryland?▼
Insurance Underwriters positions in Maryland typically require Bachelor's degree. Maryland may have specific licensing or certification requirements. Check with the Maryland licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in Maryland?▼
At the median salary of $88,820, a insurance underwriters in Maryland would take home approximately $5,569/month after taxes. With median 2-bedroom rent at $1,412/month, that's 25.4% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for insurance underwriters in Maryland?▼
The highest paying metro areas for insurance underwriters in Maryland are Baltimore-Columbia-Towson ($89,990), Hagerstown-Martinsburg ($79,980). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Maryland have state income tax for insurance underwriters?▼
Yes, Maryland has a state income tax rate of approximately 4.6%. On a $88,820 salary, this means roughly $4,045/year in state income tax. Use our take-home pay calculator for a detailed breakdown.