New Mexico Workers Comp Rates

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 1/1/17. 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. We 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.
Class Code	Low Rate	High Rate
0042 Landscaping	$5.23	$12.03
3632 Machine Shop	$2.09	$4.81
3724 Garage Door Installation	$2.90	$6.66
3821 Salvage Yard	$6.00	$13.80
5022 Masonry	$6.70	$15.42
5102 Door and Window Installation	$4.36	$10.03
5183 Plumbing	$3.33	$7.66
5190 Electrical	$2.55	$5.85
5221 Concrete Construction	$3.49	$8.02
5348 Ceramic, Tile, and Stone Work	$3.38	$7.77
5437 Carpentry/Trim	$5.42	$12.46
5474 Painting	$6.36	$14.64
5478 Flooring	$3.64	$8.37
5537 Heating and Cooling Service and Repair	$4.36	$10.03
5645 Carpentry Noc Res Construction	$12.00	$27.61
7228 Short Haul Trucking	$5.88	$13.52
7605 Burglary and Fire Alarm Systems	$1.90	$4.38
8006 Gas Station	$2.02	$4.65
8017 Retail Store	$1.79	$4.12
8380 Auto Shop	$2.00	$4.60
8742 Outside Sales	$0.45	$1.04
8810 Clerical	$0.24	$0.55
8832 Doctors Office	$0.39	$0.90
8835 Home Health Care	$1.82	$4.19
8842 Group Homes- All Employees	$2.49	$5.73
9012 Building Operations by Owner	$1.42	$3.37
9014 Janitorial	$3.09	$7.11
9015 Building Operations by Contractor	$2.48	$5.70
9052 Hotel Employees	$1.83	$4.21
9082 Restaurant	$1.17	$2.69
9083 Restaurant Fast Food	$1.51	$3.47
9102 Lawn Care	$2.90	$6.67
9516 Electrical Equipment Service & Repair	$4.14	$9.52
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.

Help with Tough Class Codes

At Workers Compensation Shop.com, we use a diverse line-up of more than a dozen insurance partners. This allows us to help employers with hard to place workers' compensation class codes. We are able to shop your policy among many providers and prevent you from paying too much or having to go with the assigned risk provider. Call today at 888-611-7467 to see how our experts can help you with your workers' compensation coverage.

Hz Spacer for Workers Compnesation Shop

Get New Mexico Workers Compensation Insurance

Hz Spacer for Workers Compnesation Shop

State Resources for NM

NM Workers' Compensation Administration

2410 Centre Ave SE
PO Box 27198
Albuquerque, NM 87125-7965
800-255-7965
www.workerscomp.state.nm.us/

New Mexico Mutual

3900 Singer Blvd. NE
PO Box 27825
Albuquerque, NM 87109
800-788-8851
http://www.nmmcc.com/

Hz Spacer for Workers Compnesation Shop

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.

Hz Spacer for Workers Compnesation Shop

Get New Mexico Workers Compensation Quotes



$0 Money Down		Better Payment Options
We're a national leader in Pay As You Go Workers Compensation. We've developed low price programs to help reduce or eliminate down payments and allow employers to report and pay premium based on their actual wages.		We've negotiated the best deals with many of our insurance companies in order to offer more flexible payment options like 12 equal installment plans and monthly reporting to help improve cash flow for business owners.


Tough Class Codes		Faster Insurance Quotes
We offer an affordable quote for some of the toughest NCCI class codes and higher experience modifiers because we've partnered with national carriers who specialize in high hazard industries.		Our carriers and underwriters understand that we need to turn wc quotes quickly so our customers can buy coverage when they need it. We often turn quotes in less than 24 hours.