How to Become a Insurance Underwriters in New York
Insurance Underwriters in New York earn a median salary of $83,970/year, which is 5% above the national average. New York has a state income tax of ~4.8%. After taxes and rent, a insurance underwriters takes home approximately $3,875/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in New York
Becoming a insurance underwriters in New York
Meet education requirements
Insurance Underwriters positions in New York typically require Bachelor's degree. Programs are available at colleges and training institutions across New York. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in New York require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain New York licensure or certification
New York may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state — contact the New York Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in New York
New York employs 7,530 insurance underwriters. The highest concentrations are in Albany-Schenectady-Troy and Rochester.
Insurance Underwriters salary by metro area in New York
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Albany-Schenectady-Troy | $93K | $44.77/hr | 380 |
| Rochester | $88K | $42.4/hr | 120 |
| New York-Newark-Jersey City | $87K | $41.95/hr | 7,530 |
| Utica-Rome | $86K | $41.46/hr | 220 |
| Buffalo-Cheektowaga | $86K | $41.31/hr | 240 |
| Syracuse | $80K | $38.31/hr | 220 |
| Kiryas Joel-Poughkeepsie-Newburgh | $77K | $37.02/hr | 80 |
Insurance Underwriters salary range in New York
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in New York?▼
The median insurance underwriters salary in New York is $83,970 per year ($40.37/hr). This is 5% above the national median of $79,880. Salaries range from $46,970 to $163,490.
What are the requirements to become a insurance underwriters in New York?▼
Insurance Underwriters positions in New York typically require Bachelor's degree. New York may have specific licensing or certification requirements. Check with the New York licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in New York?▼
At the median salary of $83,970, a insurance underwriters in New York would take home approximately $5,287/month after taxes. With median 2-bedroom rent at $1,412/month, that's 26.7% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for insurance underwriters in New York?▼
The highest paying metro areas for insurance underwriters in New York are Albany-Schenectady-Troy ($93,120), Rochester ($88,180), New York-Newark-Jersey City ($87,250). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does New York have state income tax for insurance underwriters?▼
Yes, New York has a state income tax rate of approximately 4.8%. On a $83,970 salary, this means roughly $4,013/year in state income tax. Use our take-home pay calculator for a detailed breakdown.