Iowa workers' compensation rates increasing in 2024.
Workers' Compensation rates for the state of Iowa are roughly 20% higher than the national average. Iowa has had stable or decreasing state for nearly a decade now, but rates have started to increase.
Iowa is an NCCI state like most other states. This means that NCCI administers 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 Iowa Department of Insurance. Every Insurance company is required to file their rates with the state for approval each year.
Workers' compensation rates will vary for the same class codes in Iowa 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 Iowa. 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.
Ask about our Pay As You Go plans designed to improve cashflow and bullet-proof your audits.
Workers Comp Rates are an Art & Science
What influences my workers comp insurance cost?
Your State & Class Codes
Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the National Council on Compensation Insurance.
Your Claims or Losses
Employee claims are reported to NCCI and statistically compared with all other similar type businesses using the same class code in each state. An Experience Modification Rate may apply to your business after a few years of coverage.
Prior Experience & Coverage
Insurance company underwriters are permitted to make premium rate adjustments based on unique factors about your business, safety practices, and management experience in most states.
Policy Credits and Debits
Insurance companies may apply policy credits and debits to the base manual rates. Additional discounts can be applied to premium as the total payroll & premium increases.
Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps insurance companies justify a better price.
Iowa Rates for Select Work Comp Class Codes
Rates for State Class Codes. Select Codes Listed:
The workers' compensation rates listed below represent the current insurance rates we have found in Iowa for 2025. Iowa rates are set by the Iowa Division of Workers' Compensation. Insurance companies may be able to offer policy discounts and credits up to 25% on policies. We offer Pay As You Go workers' comp insurance coverage in Iowa. Not all employers will qualify for the lowest rates available or maximum policy credits.
| Class Code & Description | Low Rate | High Rate |
|---|---|---|
| 0035 Farm Planting & Harvesting-Cannabis Growers | $1.62 | $4.01 |
| 0042 Landscaping Service | $3.85 | $9.52 |
| 0106 Tree Trimming-Pruning-Removal | $7.77 | $19.22 |
| 0917 Residential Cleaning Service-Housekeepers | $3.09 | $7.64 |
| 2121 Breweries-Craft Beers | $0.80 | $1.98 |
| 2143 Winery-Wine Makers | $1.70 | $4.20 |
| 2585 Carpet Cleaning | $2.35 | $5.81 |
| 2589 Dry Cleaning & Laundry Service | $1.94 | $4.80 |
| 3632 Machine Shop | $1.74 | $4.30 |
| 3724 Garage Door Installation | $2.08 | $5.14 |
| 3821 Salvage Yard- Automobile Recycling | $5.40 | $13.35 |
| 5022 Masonry Construction | $5.17 | $12.79 |
| 5102 Door & Window Installers | $3.58 | $8.85 |
| 5183 Plumbing Contractors | $2.04 | $5.04 |
| 5190 Electrical Work-Electrician | $2.18 | $5.39 |
| 5221 Concrete Work-Flat Work Cement | $3.05 | $7.54 |
| 5223 Pool Installation & Maintenance | $4.60 | $11.38 |
| 5348 Ceramic, Tile & Stone Work | $2.71 | $6.70 |
| 5437 Trim-Finish Carpenters-Cabinets-Countertops | $3.89 | $9.62 |
| 5445 Drywall Contractors | $5.22 | $12.91 |
| 5474 Painting Contractor | $3.46 | $8.56 |
| 5478 Floor Installers-Wood Carpet-Laminate | $3.85 | $9.52 |
| 5535 Metal Building Construction | $5.44 | $13.45 |
| 5537 HVAC-Heating & Cooling Service/Repair | $3.27 | $8.09 |
| 5537* Solar Energy Contractors-Installers | $3.27 | $8.09 |
| 5551 Roofing Contractors | $12.01 | $29.70 |
| 5606 Asphalt & Paving Work | $0.73 | $1.81 |
| 5645 Residential Construction-Home Builders-Remodelers-Siding | $9.19 | $22.73 |
| 6217 Excavation & Grading Work | $3.34 | $8.26 |
| 6400 Fence Installation & Repair | $5.47 | $13.53 |
| 7219 Trucking-Short & Long Haul | $7.69 | $10.00 |
| 7225 Towing Company | $7.72 | $10.04 |
| 7228 Short Haul Trucking | $10.26 | $13.34 |
| 7230 Package & Parcel Dlivery | $9.18 | $11.93 |
| 7370 Non-Emergency Medical transport-Taxi-Limo-Airport Shuttle | $4.71 | $6.12 |
| 7605 Alarm Installation & Repair | $2.22 | $2.89 |
| 7720 Security Guards-Patrol Officers | $3.06 | $3.98 |
| 8006 Gas Stations-Convenience Stores | $2.46 | $3.20 |
| 8017 Retail Stores-Merchandise-Cannabis Dispensary | $1.92 | $2.50 |
| 8292 Warehousing & Storage Facility | $4.25 | $5.53 |
| 8380 Auto Service & Repair-Mechanic | $2.91 | $3.78 |
| 8393 Auto Body Repair | $1.82 | $2.37 |
| 8742 Sales Professional | $0.47 | $0.61 |
| 8810 Clerical-Office Employee | $0.21 | $0.27 |
| 8824 Retirement Living Centers-Congregate Communities | $2.35 | $3.06 |
| 8824* Nuring Homes & Assisted Living Facilities | $2.35 | $3.06 |
| 8831 Animal Shelters & Kennels-Veterinarian | $1.46 | $1.90 |
| 8832 Medical Office-Doctor-Dentist-Chiropractor, Optometrist | $0.38 | $0.49 |
| 8835 Home Healthcare Workers | $2.49 | $3.24 |
| 8842 Group Homes-Temporary Shelters-Disability Facility | $2.83 | $3.68 |
| 8864 Social Service Organizations-Counseling-Family Services | $1.80 | $3.58 |
| 8868 Religious Organizations-Church-Temple | $0.49 | $0.64 |
| 8869 Child Care Center-Daycare Providers | $1.24 | $1.61 |
| 9012 Property Management-Leasing Agent | $1.76 | $2.29 |
| 9014 Janitorial Service Contractor-Pest Control-Exterminating-Chimney | $3.72 | $4.84 |
| 9015 Building Maintenance-Campgrounds-Camps-RV Parks | $3.59 | $4.67 |
| 9052 Hotels & Motels | $2.18 | $2.83 |
| 9060 Golf Courses & Country Clubs | $1.59 | $2.07 |
| 9063 Fitness Centers-Health Clubs-YMCA Programs | $0.96 | $1.25 |
| 9082 Restaurants & Catering | $1.25 | $1.63 |
| 9083 Mobile Food Truck | $1.35 | $1.76 |
| 9083* Fast Food Restaurant-Concessions-Doughnut Shop | $1.35 | $1.76 |
| 9084 Bars-Taverns-Nightclubs | $1.33 | $1.73 |
| 9102 Lawn Service & Maintenance | $3.55 | $4.62 |
| 9180 Shooting Range-Amusement Park | $6.22 | $8.09 |
| 9402 Septic Tank Cleaning-Portable Toilets | $5.16 | $6.71 |
| 9403 Refuse Collection-Garbage-Trash Service | $8.62 | $11.21 |
| 9516 Electrical Equipment Repair & Service | $4.52 | $5.88 |
There is not a State Fund in Iowa. Instead, all Assigned Risk policies are administered by NCCI (National Council on Compensation Insurance). Iowa workers comp rates vary by NCCI class codes and insurance company underwriting standards. Employers' who have an Experience Modification Rate (EMR) assigned to their business may have additional credits or debits applied to their insurance rates based on prior premiums and workers compensation loss experience.
Get a Quote or Learn More
- What is Workers Compensation?
- The Basics of Workers Comp
- Workers Compensation Q and A?
- Insurance Laws for Work Comp
- Managing Policy Claims
- Getting Work Comp Benefits
- NCCI Classification Codes
- Experience Modifiers and Ratings
- State Fund Insurance
- Workers Compensation Forms
- Handling Workers Comp Audits
- Understanding an Employer Liability Policy
- Excluding Owners and Officers
- Other States Coverage
State Resources for Iowa
State Resources for Iowa
Iowa Division of Workers' Compensation
1000 East Grand Avenue
Des Moines, IA 50319
515-281-5387
www.iowaworkforcedevelopment.gov/
Iowa Insurance Division
601 Locust St., 4th Floor
Des Moines, IA 50309-3738
515-281-5705
http://www.iid.state.ia.us/
Iowa is under the Jurisdiction of the National Council for Compensation Insurance (NCCI) and contracts with Travelers as the state fund insurance carrier.
Our agency helps employers find state fund workers' comp in IA. If we can't find more affordable coverage with a private insurance company, we can help you buy a state fund policy.
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