North Carolina workers' compensation rates stable in 2024.
North Carolina ranks near the middle of the national average. A 2022 study ranked NC as the 30th highest average premium rates across the United States. NC rates are approximately 9% lower than the national average. A similar study done in 2020 ranked the state 31st for average rates for worker's comp insurance. North Carolina's median rates are currently better than average compeares to the national average in the U.S.
North Carolina 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 NC 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 North Carolina 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. Our agents will find your best deal. Our technology tracks carrier rates by state and compares their pricing in real-time. Find out how knowledegeable agents, better advice and more options lead to lower rates and a better price.
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.
NC Rates for Select Work Comp Class Codes
Rates for State Class Codes. Select Codes Listed:
NC workers' compensation rates listed below represent the current high and low rates for 2025. North Carolina is a competitive rating state, but not under the jurisdiction of NCCI. Rates are set by the North Carolina Industrial Commission. Private insurance companies are allowed to offer premium discounts and workers comp credits up to 25%. We offer Pay As You Go workers' comp in North Carolina. Not all businesses will qualify for the lowest rates available or maximum policy credits. We shop rates with more carriers so our customers get the lowest price.Get quotes today.
| Class Code & Description | Low Rate | High Rate |
|---|---|---|
| 0042 Landscaping | $3.88 | $10.60 |
| 3632 Machine Shop | $2.14 | $5.84 |
| 3724 Garage Door Installation | $2.48 | $6.77 |
| 3821 Salvage Yard | $5.37 | $14.67 |
| 5022 Masonry | $6.45 | $17.61 |
| 5102 Door & Window Installation | $4.17 | $11.39 |
| 5183 Plumbing | $3.15 | $8.60 |
| 5190 Electrical Wiring | $3.49 | $9.53 |
| 5221 Concrete Construction | $3.56 | $9.73 |
| 5348 Tile Installation | $3.46 | $9.45 |
| 5437 Carpentry Trim | $4.46 | $12.18 |
| 5474 Painting | $5.99 | $16.36 |
| 5478 Flooring | $2.72 | $7.43 |
| 5537 HVAC Installation & Repair | $4.33 | $11.83 |
| 5645 Carpentry Noc. Residential Construction | $12.47 | $34.06 |
| 7228 Short Haul Trucking | $6.20 | $16.93 |
| 7605 Alarm Installation | $1.89 | $5.16 |
| 8006 gas | $2.35 | $6.42 |
| 8017 Retail Store | $1.30 | $3.55 |
| 8380 Auto Shop | $2.06 | $5.63 |
| 8742 Outside Sales Person | $0.29 | $0.79 |
| 8810 Clerical - NOC | $0.10 | $0.27 |
| 8832 Doctors Office | $0.30 | $0.82 |
| 8835 Home Health Care | $2.15 | $5.87 |
| 8842 Group Homes | $1.62 | $4.42 |
| 9012 Building Operations By Owner | $0.79 | $2.16 |
| 9014 Janitorial Cleaning | $2.25 | $6.14 |
| 9015 Building Operations By Contractor | $2.32 | $6.34 |
| 9052 Hotel Employees | $1.59 | $4.34 |
| 9082 Restaurant | $0.96 | $2.62 |
| 9083 Restaurant Fast Food | $1.04 | $2.84 |
| 9102 Lawn Care | $2.40 | $6.55 |
| 9516 Electrical Equipment Service & Repair | $4.18 | $11.42 |
North Carolina rates vary by workers' compensation classification codes and insurance company underwriting standards. Employers' who have an Experience Modification Factor (E-MOD) assigned to their business may have additional credits or debits applied to their insurance rates based on prior premiums and workers' compensation loss experience. There is no State Fund in North Carolina. Assigned Risk policies are available for employers that are unable to find private insurance through the North Carolina Rate Bureau.
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 North Carolina
State Resources for North Carolina
North Carolina Rate Bureau
2910 Summer Blvd
Raleigh, NC 27616
919-582-1056
NRCB.org
North Carolina Industrial Commission
430 N Salisbury Street
Raleigh, NC 27603-5926
919-807-2500
NC Industrial Commission
North Carolina is under the Jurisdiction of the National Council for Compensation Insurance (NCCI). While there is not State Fund in NC, all Assigned Risk coverage is managed by the North Carolina Rate Bureau.
Our agency helps employers find guaranteed state fund workers' comp in NC. If we can't find more affordable coverage with a private insurance company, we can help your business get a state fund quote.
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