Local Trucking workers comp rate in Michigan
The filed workers comp rate for class code 7016 M (Local Trucking) in Michigan is $1.59 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $7,950 in base premium.
Rate per $100 $1.59
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 44%
Confidence HIGH
FAQ
What is the workers comp rate for code 7016 M in Michigan?
The filed workers comp loss cost / rate for NCCI class code 7016 M (Local Trucking) in Michigan is $1.59 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 7016 M on $500,000 of payroll?
At $1.59 per $100, $500,000 of payroll yields a base premium of $7,950 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7016 M?
TN has the cheapest filed rate for code 7016 M ($0.950) and NV the highest ($4.73). Michigan sits at the 44th percentile across 18 peer states.