Oil/Gas Wells - Drilling/Operation workers comp rate in Virginia
The filed workers comp rate for class code 1624 (Oil/Gas Wells - Drilling/Operation) in Virginia is $0.989 per $100 of payroll , effective 2026-04-01. On $500,000 of payroll, that's roughly $4,945 in base premium.
Rate per $100 $0.989
Rate type loss_cost
Authority National Council on Compensation
Effective 2026-04-01
vs peers 40%
Confidence HIGH
FAQ
What is the workers comp rate for code 1624 in Virginia?
The filed workers comp loss cost / rate for NCCI class code 1624 (Oil/Gas Wells - Drilling/Operation) in Virginia is $0.989 per $100 of payroll, effective 2026-04-01.
How much would I pay in Virginia for code 1624 on $500,000 of payroll?
At $0.989 per $100, $500,000 of payroll yields a base premium of $4,945 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 1624?
UT has the cheapest filed rate for code 1624 ($0.560) and NJ the highest ($3.89). Virginia sits at the 40th percentile across 20 peer states.