Indiana workers' compensation rates flat in 2023.

Indiana is the forth cheapest state in the country for workers' compensation insurance due to very low rates. As of the end of 2022, rates were 60 percent less expensive than the national average. Many employers still pay too much for their coverage by not taking advantage of various programs and available policy credits on coverage.

Indiana is an NCCI state like most other states. This means that NCCI oversees 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 Indiana Department of Insurance. Every Insurance company is required to file their rates with the state for approval each year.

Workers' compensation rates will alway vary for the same class codes in Indiana 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 Indiana. 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.

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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.

Indiana Rates for Select Work Comp Class Codes

Rates for State Class Codes. Select Codes Listed:

The workers' compensation rates listed below for Indiana represent the lowest and highest insurance rates we've found for 2023. Indiana rates are administered by the Indiana Compensation Rating Bureau. Private insurance carriers are permitted to offer discounts and credits on a workers' comp policies in Indiana. We offer Pay As You Go workers' comp coverage in Indiana. Not all employers will qualify for the lowest rates available or maximum policy credits. Our agency helps Indiana employers buy workers compensation coverage at the lowest rates available.

Class Code & Description Low Rate High Rate
0035 Farm-Planting & Harvesting-Cannabis Growers $1.24 $1.66
0042 Landscaping Service $2.24 $3.00
0106 Tree Trimming-Pruning-Removal $4.06 $5.45
2121 Breweries-Craft Beers $0.74 $0.99
2143 Winery-Wine Makers $0.89 $1.20
2585 Carpet Cleaning $1.39 $1.87
2589 Dry Cleaning and Laundry Service $1.20 $1.20
3632 Machine Shop $1.02 $1.37
3724 Garage Door Installation $1.59 $2.13
3821 Salvage Yard-Automobile Recycling $3.01 $4.04
5022 Masonry Construction $2.44 $3.22
5102 door & Window Installers $2.07 $2.78
5183 Plumbing Contractors $1.04 $1.40
5190 Electrical Work-Electrician $1.10 $1.48
5221 Concrete Work-Flat Work Cement $1.67 $2.24
5223 Poll Installation & Maintenance $2.94 $3.94
5348 Ceramic, Tile & Stone Work $1.43 $1.92
5437 Trim-Finish Carpenter's-Cabinets-Countertops $2.38 $3.19
5445 Drywall Contractors $2.15 $2.89
5474 Painting Contractor $2.30 $3.09
5478 Floor Installers-Wood-Carpet-Laminate $1.50 $2.02
5535 Metal Building Construction $2.02 $2.71
5537 HVAC-Heating & Cooling Service/Repair $1.91 $2.57
5537* Solar Energy Contractors-Installation $1.91 $2.57
5551 Roofing Contractors $4.08 $5.47
5606 Asphalt & Paving Work $0.51 $0.68
5645 residential Construction-Home Builders-Remodelers-Siding $4.16 $5.58
6217 Excavation & Grading Work $1.55 $2.08
6400 Fence Installation & Repair $2.22 $2.98
7219 Trucking Shot & Long Haul $2.90 $3.89
7225 Towing Company $2.44 $3.27
7230 Package & Parcel Delivery $3.84 $5.16
7370 Non Emergency Medical Transport-Tax-Limo-Airport Shuttle $2.73 $3.66
7605 Alarm Installation & Repair $1.15 $1.55
7720 Security Guards-Patrol Officers $1.27 $1.70
8006 Gas Stations & Convenience Stores $1.01 $1.36
8017 Retail Stores-Merchandise-Cannabis Dispensary $0.72 $0.97
8292 Warehousing & Storage Facility $1.69 $2.27
8380 Auto Service & Repair-Mechanic $1.09 $1.46
8393 Auto Body Repair $0.87 $1.17
8742 Sales Professional $0.13 $0.18
8810 Clerical - Office Employee $0.09 $0.12
8824 Retirement Living Center- Congregate Communities $1.07 $1.43
8824* Nursing Homes & Assisted Living Facilities $1.07 $1.43
8829 Nursing Homes and Assisted Living Facilities $1.08 $1.45
8831 Animal Shelters & Kennels-Veterinarian $0.68 $0.91
8832 Medical Office-Doctor-Dentist-Chiropractor-Optometrist $0.13 $0.18
8835 Home Healthcare Workers $1.12 $1.51
8842 Group Homes-Temporary Shelters-Disability Facility $1.71 $2.29
8864 Social Service Organizations-Counseling-Family Services $0.69 $0.93
8868 Religious Organizations-Church-Temple $0.22 $0.29
8869 Child Care Center-Daycare Providers $0.62 $0.83
9012 Property Management-Leasing Agent $0.54 $0.73
9014 Janitorial Service Contractors-Pest Control-Exterminating-Chimney $1.27 $1.71
9015 Building Maintenance-Campgrounds-Camps-RV Parks $1.56 $2.10
9052 Hotels & Motels $0.92 $1.24
9060 Golf Courses & Country Clubs $0.77 $1.03
9063 Fitness Center-Health Clubs-YMCA Programs $0.51 $0.69
9082 Restaurants-Catering $0.69 $0.93
9083 Fast Food Restaurant-Concessions Doughnut Shop $0.62 $0.83
9083* Mobile Food Truck-Food Cart $0.62 $0.83
9084 Bars-Taverns-Nightclubs $0.72 $0.96
9102 Lawn Service & Maintenance $1.56 $2.10
9180 Shooting Rang- Amusement Park $3.11 $4.18
9402 Septic Tank Cleaning-Portable Toilets $2.00 $2.68
9403 Refuse Collection-Garbage-Trash Service $2.91 $3.91
9516 Electrical Equipment Repair & Service $1.79 $2.40

Indiana is an Independent Bureau State. This means they don't utilize NCCI for the administration of workers' compensation insurance. Indiana rates vary by work comp class codes and insurance company underwriting guidelines. Employers' who have an Experience Mod (E-Mod) assigned to their business may have additional credits or debits applied to their insurance policy based on prior premiums and workers' compensation claims.

State Resources for Indiana

Workers' Compensation Board of Indiana

402 West Washington Street Room W-196
Indianapolis, Indiana 46204

Indiana Department Of Insurance

311 W. Washington, Ste. 300
Indianapolis, IN 46204

Indiana is under the Jurisdiction of the National Council for Compensation Insurance (NCCI) and contracts with Travelers as the state fund carrier.

Our agency helps employers find state fund workers' comp in IN. If we can't find more affordable coverage with a private insurance provider, we can help you buy a state fund policy.

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Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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