Oregon remains one of the states with the lowest workers’ compensation rates. In its biennial study comparing premiums nationwide, Oregon ranked 14th for affordability as of January 1, 2024. This marks a slight shift from its 10th place ranking in 2022, though the state reduced its premium index rate from 93 cents to 89 cents per $100 of payroll—its lowest rate since the study began, according to the Oregon Department of Consumer and Business Services (DCBS).
Following the data cutoff used in the report, Oregon further reduced rates by 3.2%. This continued decline has occurred while maintaining worker benefits.
Nationally, Hawaii had the highest workers’ compensation rates, followed by New Jersey, New York, and California. North Dakota had the lowest rates. Regionally, Washington ranks 12th most expensive, while Idaho ranks 25th.
Oregon’s rate is 82% of the national median of $1.09 per $100 of payroll. The comparison uses a standard industry mix based on Oregon’s 50 highest-cost industries to ensure consistency.
First conducted in 1986, this study helps measure Oregon’s progress in controlling workers’ compensation costs. The state attributes its low rates to factors including required employer coverage, managed medical costs, and return-to-work programs. The study was released by the Oregon Department of Consumer and Business Services (DCBS) yesterday.
