Workers Compensation Insurance By State

by Sa El

May 1, 2024

The average cost of workers’ compensation insurance in the United States is $936 per employee, per year, or $78 per month.

workers comp insurance rates by state

Due to this; Business owners across America are starting to realize how expensive it can be to go without workers compensation insurance.

Workers’ compensation premiums will vary significantly based on several factors; such as how long you have been in business, the state that your business is currently in, or how much your annual payroll is. 

In this post we will cover the average cost of workers compensation insurance by state, and the average cost of business insurance by policy type. 

Average Small Business Insurance Costs By Policy Type

Type Of Policy

Average Annual Cost

General Liability

$780

Business Owner’s Policy (BOP)

$1,188

Professional Liability (E&O)

$1,164

Worker’s Compensation

$1,332

Commercial Umbrealla Policy

$1,548

Average Cost Of Workers Compensation Insurance By State

STATE

AVG. MONTHLY PREMIUM

STATE

AVG. MONTHLY PREMIUM

Alabama

$28

Montana

$16

Alaska

$28

Nebraska

$25

Arizona

$23

Nevada

$23

Arkansas

$28

New Hampshire

$106

California

$23

New Jersey

$16

Colorado

$26

New Mexico

$26

Connecticut

$21

New York

$16

Delaware

$38

North Carolina

$22

D.C.

N/A

North Dakota

N/A

Florida

$24

Ohio

N/A

Georgia

$17

Oklahoma

$26

Hawaii

$35

Oregon

$16

Idaho

$16

Pennsylvania

$23

Illinois

$50

Rhode Island

$16

Indiana

$16

South Carolina

$42

Iowa

$34

South Dakota

$42

Kansas

$56

Tennessee

$33

Kentucky

$33

Texas

$16

Louisiana

$39

Utah

$16

Maine

$48

Vermont

$39

Maryland

$35

Virginia

$24

Massachusetts

$16

Washington

N/A

Michigan

$19

West Virginia

$39

Minnesota

$16

Wisconsin

$85

Mississippi

$16

Wyoming

N/A

Missouri

$42

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About the author 

Sa El