Trucking - Owner Operators workers comp rate in Michigan
The filed workers comp rate for class code 7398 M (Trucking - Owner Operators) in Michigan is $2.08 per $100 of payroll , effective 2024-01-01. On $500,000 of payroll, that's roughly $10,400 in base premium.
Rate per $100 $2.08
Rate type manual_rate
Authority Compensation Advisory Organization
Effective 2024-01-01
vs peers 33%
Confidence HIGH
FAQ
What is the workers comp rate for code 7398 M in Michigan?
The filed workers comp loss cost / rate for NCCI class code 7398 M (Trucking - Owner Operators) in Michigan is $2.08 per $100 of payroll, effective 2024-01-01.
How much would I pay in Michigan for code 7398 M on $500,000 of payroll?
At $2.08 per $100, $500,000 of payroll yields a base premium of $10,400 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7398 M?
KY has the cheapest filed rate for code 7398 M ($1.63) and NV the highest ($12.14). Michigan sits at the 33th percentile across 18 peer states.