Tennessee offers the lowest average workers’ comp rates in the Southeast at approximately $0.98 per $100 of payroll — below the national average of $1.03. North Carolina is a close second at $1.00, followed by Mississippi and Georgia at $1.10, Alabama at $1.15, Louisiana at $1.35, and Florida at $1.40.
However, actual rates depend heavily on your industry, claims history, and payroll. A construction company in Tennessee may still pay more than an office in Florida. Compare your specific rates with a free quote from Bridgeway Insurance.
