West Virginia Workers' Comp Rates

West Virginia workers' compensation rates decreasing in 2024.

The average workers' comp insurance rates in West Viginia are very low for most work comp class codes. A 2022 study indicated that WV rates are about 50% lower than the national average. West Virginia the 2nd lowest state for workers' comp coverge in the country. Insurance companies are competing to win new business and premium in the state. Workers' comp remaines the most profitable line of insurance for many of these companies.

West Virginia is an NCCI state like most other states. NCCI oversees 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 WV 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 West Virginia 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.