New Mexico Workers Comp Rates

New Mexico workers' compensation rates continue to increase in 2019.

Workers' Compensation rates in New Mexico are slightly higher than the national average, but they are on the rise. In New Mexico, rates have risen 8 percent since 2018. Typically this is due to a lack of competition in the marketplace.

Workers Compensation is in a unique position to help employers in New Mexico find better rates on their Workers Comp Policy. We've a national agency and partner with 35+ insurance carries. Most agencies only partner with a select few. This allows are agents to negotiate better coverage and steeper discounts.

Make sure you are not paying too much for your coverage. We have agents standing by to help you get the best value for your businesses workers' compensation coverage. Call today for a no obligation quote at 888-611-7467.

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NM Rates for Select Work Comp Class Codes

The workers' compensation rates listed below for New Mexico represent the current insurance low rates and high rates we've found effective 1/1/2019. New Mexico is an NCCI state and rates are approved by the New Mexico Workers' Compensation Administration. Insurance companies are permitted to offer premium discounts and underwriting credits up to 25% on eligible workers comp policies. Our national agency also offer Pay As You Go WC coverage in New Mexico. Not all employers will qualify for the lowest rates available or maximum policy credits. We shop rates with more carriers so our customers get the best deal on their coverage.

Class Code Low Rate High Rate
0035 Farm- Planting and Harvesting- Cannabis Growers $2.45 $6.55
0042 Landscaping Service $3.93 $10.52
0106 Tree Trimming- Pruning- Removal $8.59 $22.98
0917 Residential Cleaning Service- Housekeepers $3.32 $8.88
2121 Breweries- Craft Beers $0.95 $2.54
2143 Winery- Wine Makers $2.11 $5.64
2585 Carpet Cleaning $2.57 $6.87
2589 Dry Cleaning and Laundry Service $1.57 $4.20
3632 Machine Shop $1.84 $4.92
3724 Garage Door Installation $2.44 $6.54
3821 Salvage Yard- Automobile Recycling $4.00 $12.79
5022 Masonry Construction $5.36 $14.32
5102 Door and Window Installers $4.09 $10.95
5183 Plumbing Contractors $2.76 $7.39
5190 Electrical Work- Electrician $2.19 $5.87
5221 Concrete Work- Flat Work Cement $3.40 $9.11
5223 Pool Installation- Pool Maintenance $4.48 $11.99
5348 Ceramic, Tile and Stone Work $3.08 $8.25
5437 Trim- Finish Carpenters- Cabinets- Countertops $4.45 $11.91
5445 Drywall Contractors $4.64 $12.42
5474 Painting Contractor $4.50 $12.05
5478 Floor Installers- Wood-Carpet-Laminate $2.92 $7.82
5535 Metal Building Construction $4.90 $13.12
5537 HVAC- Heating and Cooling Service/Repair $3.48 $9.32
5537* Solar Energy Contractors- Installation $3.48 $9.32
5551 Roofing Contractors $12.32 $32.96
5606 Asphalt & Paving Work $0.68 $1.82
5645 Residential Construction- Home Builders- Remodelers- Siding $9.10 $24.34
6217 Excavation and Grading Work $3.47 $9.29
6400 Fence Installation & Repair $4.11 $11.00
7219 Trucking- Short Haul and Long Haul $5.24 $14.02
7225 Towing Company $4.68 $12.52
7230 Package and Parcel Delivery $5.25 $14.04
7370 Non-Emergency Medical Transportation- Taxi- Limousine- Airport Shuttle $3.66 $9.79
7605 Alarm Installation and Repair $1.63 $4.36
7720 Security Guards- Patrol Officers $1.82 $4.87
8006 Gas Stations- Convenient Stores $1.82 $487.00
8017 Retail Stores- Merchandise- Cannabis Dispensary $1.32 $3.53
8292 Warehousing and Storage Facility $2.37 $6.34
8380 Auto Service and Repair- Mechanic $1.69 $4.52
8393 Auto Body Repair $1.18 $3.16
8742 Sales Professional $0.39 $1.04
8810 Clerical- Office Employee $0.19 $0.51
8824 Retirement Living Centers- Congregate Communities $2.64 $7.06
8829 Nursing Homes and Assisted Living Facilities $2.06 $5.51
8831 Animal Shelters and Kennels- Veterinarian $1.10 $2.94
8832 Medical Office- Doctor- Dentist- Chiropractor, Optometrist $0.28 $0.75
8835 Home Healthcare Workers $1.42 $3.80
8842 Group Homes- Temporary Shelters- Disability Facility $1.86 $4.98
8864 Social Service Organizations- Counseling- Family Services $1.27 $3.40
8868 Religious Organization- Church- Temple $0.41 $1.10
8869 Child Care Center- Daycare Providers $1.05 $2.81
9012 Property Management- Leasing Agent $0.98 $2.62
9014 Janitorial Service Contractors- Pest Control- Exterminating- Chimney $2.20 $5.89
9015 Building Maintenance- Campgrounds- Camps- RV Parks $2.37 $6.34
9052 Hotels and Motels $1.57 $4.20
9060 Golf Courses and Country Clubs $1.43 $3.83
9063 Fitness Center- Health Clubs- YMCA Programs $0.72 $1.93
9082 Restaurants- Catering $1.04 $2.78
9083 Fast Food Restaurant- Concessions- Doughnut Shop $1.04 $2.78
9083* Mobile Food Truck- Food Cart- $1.04 $2.78
9084 Bars-Taverns-Nightclubs $1.36 $3.64
9102 Lawn Service and Maintenance $2.05 $5.48
9180 Shooting Range- Amusement Park $3.91 $10.46
9403 Refuse Collection- Garbage- Trash Service $4.38 $11.72
9426 Septic Tank Cleaning- Portable Toilets $3.77 $10.08
9516 Electrical Equipment Repair and Service $3.10 $8.29

New Mexico workers comp rates vary significantly by industrial classification codes and insurance company underwriting standards. Employers' who have an Experience Modification Factor (E-Mod) assigned to their business or FEIN may have additional credits or debits applied to their insurance rates based on prior premiums and workers compensation loss experiences. New Mexico Mutual is the State Fund for the state. We are a national workman's compensation insurance firm offering all states workers comp coverage.

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State Resources for NM

NM Workers' Compensation Administration

2410 Centre Ave SE
PO Box 27198
Albuquerque, NM 87125-7965

New Mexico Mutual

3900 Singer Blvd. NE
PO Box 27825
Albuquerque, NM 87109

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

Our agency can help employers find guaranteed state fund coverage in NM. If we can't find coverage with a private insurance provider we can help buy a state fund policy.

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