How to Become a Insurance Underwriters in Rhode Island
Insurance Underwriters in Rhode Island earn a median salary of $84,720/year, which is 4% above the national average. Rhode Island has a state income tax of ~3.3%. After taxes and rent, a insurance underwriters takes home approximately $4,072/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in Rhode Island
Becoming a insurance underwriters in Rhode Island
Meet education requirements
Insurance Underwriters positions in Rhode Island typically require Bachelor's degree. Programs are available at colleges and training institutions across Rhode Island. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in Rhode Island require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Rhode Island licensure or certification
Rhode Island may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state, contact the Rhode Island Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Rhode Island
Rhode Island employs 250 insurance underwriters. The highest concentrations are in Providence-Warwick.
Insurance Underwriters salary by metro area in Rhode Island
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Providence-Warwick | $85K | $40.94/hr | 280 |
Insurance Underwriters salary range in Rhode Island
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in Rhode Island?▼
The median insurance underwriters salary in Rhode Island is $84,720 per year ($40.73/hr). This is 4% above the national median of $81,370. Salaries range from $50,240 to $138,930.
What are the requirements to become a insurance underwriters in Rhode Island?▼
Insurance Underwriters positions in Rhode Island typically require Bachelor's degree. Rhode Island may have specific licensing or certification requirements. Check with the Rhode Island licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in Rhode Island?▼
At the median salary of $84,720, a insurance underwriters in Rhode Island would take home approximately $5,431/month after taxes. With median 2-bedroom rent at $1,359/month, that's 25% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for insurance underwriters in Rhode Island?▼
The highest paying metro areas for insurance underwriters in Rhode Island are Providence-Warwick ($85,150). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Rhode Island have state income tax for insurance underwriters?▼
Yes, Rhode Island has a state income tax rate of approximately 3.3%. On a $84,720 salary, this means roughly $2,812/year in state income tax. Use our take-home pay calculator for a detailed breakdown.