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California State Fund announced a 9.5% rate reduction due to a decrease in claims costs in 2022. The Department of Insurance has approved the rate filing. Private insurance companies are likely to follow suit in order to remain competitive with SCIF. Despite the overall rate reduction, employers may still see some rate increases or decreases depending on their class codes and experience factors.
California has been one of the most expensive states for workers' compensation insurance coverage. A 2022 study indicated that the average rates in CA were almost 178% higher than the national medium. California was ranked 4th in 2020, but currebtly ranks as the 3rd most expensive state. California operates its own workers' compensation system and manages the California State Fund.
Workers compensation rates can vary significantly between insurance companies in California. Several carriers left the state due to losses and market volatility, while other carriers have entered the CA market over the past few years.
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.
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What influences my workers comp insurance cost?
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.
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.
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.
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.
Rates for State Class Codes. Select Codes Listed:
The workers' compensation rates listed below for California represent the current insurance rates we've found for 2024. There is no guarantee that a business will qualify for the lowest workers' compensation rates. Carriers don't have a universal rate filing date in CA, so each carrier may change their filed rates at different times during the year. California work comp rates can vary significantly by carrier. We shop coverage with more carriers to ensure your business gets the lowest CA rates.
State Compensation Insurance Fund (SCIF) operates the State Fund in California. Workers comp rates vary by industrial classification codes and insurance company underwriting standards. Employers' who have an Experience Modifier Rate (EMR) assigned to their business may have additional credits or debits applied to their insurance policy based on prior premiums and workers' compensation loss experience.
State Resources for California
California Department of Insurance
Consumer Communications BureauLos Angeles, CA 90013213-897-8921 800-927-4357
CA Division of Workers Compensation
Post Office Box 420603 San Francisco, California 94142 415-703-4600 DWC Home Page
State Compensation Insurance Fund (SCIF)
1275 Market StreetSan Francisco, CA 94103 415-565-1234 California State Fund
Workers' Compensation Insurance Rating Bureau of California
525 Market Street, Ste. 800San Francisco, CA 94105-2716415-777-0777 WCIRB
Workers’ Compensation Appeals Board (WCAB)
455 Golden Gate Avenue, Suite 9328San Francisco, California 94102-3660800-736-7401 California Appeals Board
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