Texas Workers’ Comp Division: State’s Rates Among Nation’s Lowest

November 15, 2016

Texas has some of the nation’s most affordable workers’ compensation coverage, according to a 2016 study, which found that the Lone Star State had the 10th lowest rates among all states, the Texas Division of Workers’ Compensation reports.

The study by the Oregon Department of Consumer and Business Services ranks all 50 states and Washington, D.C., based on premium rates that were in effect Jan. 1, 2016. Texas, with premiums at $1.45 per $100 of payroll, ranked No. 10, four spots higher than the previous study in 2014.

Texas’ workers’ compensation premium rates are about 21 percent lower than the median for all states, according to the study. California has the most expensive rates in the nation, at $3.24 per $100 of payroll.

Rates in Texas are also favorable compared with other high population states, such as Florida, Illinois, and New York.

North Dakota had the least expensive rates, at 89 cents per $100 of payroll.

Summary of the report