How to Become a Insurance Underwriters in Virginia
Insurance Underwriters in Virginia earn a median salary of $77,110/year, which is 3% below the national average. Virginia has a state income tax of ~5.1%. After taxes and rent, a insurance underwriters takes home approximately $3,481/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in Virginia
Becoming a insurance underwriters in Virginia
Meet education requirements
Insurance Underwriters positions in Virginia typically require Bachelor's degree. Programs are available at colleges and training institutions across Virginia. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in Virginia require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Virginia licensure or certification
Virginia may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state — contact the Virginia Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Virginia
Virginia employs 2,910 insurance underwriters. The highest concentrations are in Richmond and Virginia Beach-Chesapeake-Norfolk.
Insurance Underwriters salary by metro area in Virginia
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Richmond | $78K | $37.47/hr | 970 |
| Virginia Beach-Chesapeake-Norfolk | $76K | $36.32/hr | 540 |
| Charlottesville | $74K | $35.34/hr | 40 |
| Roanoke | $65K | $31.14/hr | 80 |
Insurance Underwriters salary range in Virginia
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in Virginia?▼
The median insurance underwriters salary in Virginia is $77,110 per year ($37.07/hr). This is 3% below the national median of $79,880. Salaries range from $54,500 to $130,620.
What are the requirements to become a insurance underwriters in Virginia?▼
Insurance Underwriters positions in Virginia typically require Bachelor's degree. Virginia may have specific licensing or certification requirements. Check with the Virginia licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in Virginia?▼
At the median salary of $77,110, a insurance underwriters in Virginia would take home approximately $4,893/month after taxes. With median 2-bedroom rent at $1,412/month, that's 28.9% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for insurance underwriters in Virginia?▼
The highest paying metro areas for insurance underwriters in Virginia are Richmond ($77,930), Virginia Beach-Chesapeake-Norfolk ($75,550), Charlottesville ($73,510). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Virginia have state income tax for insurance underwriters?▼
Yes, Virginia has a state income tax rate of approximately 5.1%. On a $77,110 salary, this means roughly $3,918/year in state income tax. Use our take-home pay calculator for a detailed breakdown.