New Hampshire Workers' Compensation Rates

New Hampshire workers' compensation rates increasing in 2023.

Last year, the average rates workers' compensation insurance in New Hampshire were 9 percent higher than the national average. The average rate has risen about 10 percent since 2018. New Hampshire employers have historically had very affordable workers' comp insurance rates compared to most other parts of the country.

New Hampshire is an NCCI state like most other states. This means that NCCI manages employers' experience modifiers and collects all data for the state including claims, class codes, premiums, and payroll. They analyze this data and make annual recommendations to carriers and to the NH Department of Insurance. Every Insurance company is required to file their rates with the state for approval each year.

Workers' compensation rates may still vary for the same class codes in New Hampsire because insurance companies can apply policy credits and debits up to 25% to adjust their filed rates. More discounts may also be added to a policy depending on the size of payroll and overall claims experience.

Don't pay too much for your workers' comp coverage in Nwe Hampshire. Our agents know how to negotiate the lowest rates for your workers' comp coverage. Find out how our knowledegeable agents, expert advice and more choices lead to the best workers' comp rates.