Highest and lowest workers comp premium rates

PEO Industry News and ...
Written By Paul Hughes

Workman's Comp Rates

Highest rates

The Oregon Workers’ Compensation Premium Rate Ranking Summary was released this month by the state’s Department of Consumer and Business Services. An index rate is a weighted average the researchers created to eliminates industry and occupational differences across states. Here is a look at the states with the highest workers compensation premium rate rankings.

The report shows a downward trend in employers’ overall workers’ comp costs. The costs per $100 in covered wages declined in 50 of 51 jurisdictions, compared to decreases for 45 states in last year’s report and 39 in the year’s prior.The lowest workers' comp costs by state jurisdiction are:

  • District of Columbia: $0.51

  • Texas: $0.55

  • Ohio: $0.64

  • Arkansas: $0.70

  • Indiana: $0.70

  • Michigan: $0.70

The highest workers' comp rates by state jurisdiction are:

  • Alaska: $2.25

  • Montana: $1.84

  • California: $1.70

  • Hawaii: $1.67

  • South Carolina: $1.66

  • Idaho: $1.64

Among the 50 states and the District of Columbia, only Alaska has a rate over $2 per $100 in employee wages.

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All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.

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Paul Hughes
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