How much does an Insurance Risk Analyst make in Virginia? As of September 01, 2026, the average salary for an Insurance Risk Analyst in Virginia is $82,976 per year, which breaks down to an hourly rate of $40.

However, an Insurance Risk Analyst's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $97,469
  • Majority Range (25th-75th percentile): $77,273 to $90,562
  • Entry-Level (10th percentile): $72,081

Key Factors That Influence Insurance Risk Analyst Salaries

An Insurance Risk Analyst's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Insurance Risk Analyst Salaries?

Experience is a primary driver of an Insurance Risk Analyst's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $66,256
  • Early Career (1-2 years): $81,395
  • Mid-Level (2-4 years): $99,043
  • Senior-Level (5-8 years): $125,555
  • Expert (over 8 years): $159,623
Job RoleYears of ExperienceAverage Salary
Risk Analyst I less than 1 year $66,256
Insurance Risk Analyst 1-2 years $81,395
Risk Analyst III 2-4 years $99,043
Risk Analyst IV 5-8 years $125,555
Risk Analyst V over 8 years $159,623

Top Paying Cities for Insurance Risk Analyst

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Ivanhoe: $76,310
  • Lambsburg: $76,472
  • Laurel Fork: $76,558

Insurance Risk Analyst Salary by Industry: Top Paying Sectors

For Insurance Risk Analyst roles, the industry you choose can affect earning potential by as much as 43% (the gap between the highest and lowest paying industries). Data shows that the Insurance and Energy & Utilities sectors offer the strongest compensation, at 18% above the average. In contrast, Insurance Risk Analyst positions in Hospitality & Leisure or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Insurance Risk Analyst as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Risk Analyst

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Insurance $97,911 $47.0 18%
Energy & Utilities $95,422 $46.0 15%
Software & Networking $93,762 $45.0 13%
Healthcare $92,933 $45.0 12%
Internet $92,933 $45.0 12%

Insurance Risk Analyst Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Risk Analyst's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$77,273
Average $82,976/year
$90,562
$6,439
Average $6,915/month
$7,547
$1,486
Average $1,596/week
$1,742
$37
Average $40/hour
$44
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $90,562 $7,547 $1,742 $44
Average $82,976 $6,915 $1,596 $40
25th Percentile $77,273 $6,439 $1,486 $37

Find Your Next Insurance Risk Analyst Job

Ready to take the next step in your career? Browse thousands of current Insurance Risk Analyst job openings on our job board. Use the search bar below to find your perfect match.

  • Capital one | Richmond, VA

    Capital one | Richmond, VA

    Capital Markets & Risk Analyst - Finance Risk Management Capital One is seeking a motivated professional for an Associate position within the Finance Risk ... more

    7 Days Ago

  • Dtex Systems | Northern Virginia, VA

    Dtex Systems | Northern Virginia, VA

    Job Description. Job Description. About the Job. The successful Insider Threat Analyst must be a team player as well as an individual contributor. Whether ... more

    7 Days Ago

  • ClearanceJobs | McLean, VA

    ClearanceJobs | McLean, VA

    Supply Chain Risk Management AnalystThe SCRM Analyst is responsible for assessing supply chain threats and vulnerabilities across hardware, software, servi... more

    7 Days Ago

  • Alan B. Miller Medical Center | Richmond, VA

    Alan B. Miller Medical Center | Richmond, VA

    Variance Analyst - EastOne of the nation's largest and most respected providers of hospital and healthcare services, Universal Health Services, Inc. (UHS) ... more

    7 Days Ago

  • System One | Vienna, VA

    System One | Vienna, VA

    Job Description. Job Description. Job Title: Third Party Risk Mgmt Process Improvement Specialist. Location: Vienna, VA. Work Model: Hybrid, onsite 3 days ... more

    8 Days Ago

  • DXC Technology | Ashburn, VA

    DXC Technology | Ashburn, VA

    Death Claims Processing SpecialistFollows procedures to process death claim transactions by corresponding with agents, beneficiaries, and other departments... more

    9 Days Ago

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