North Carolina Workers' Comp Rates

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.

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