Automobile Salespersons workers comp rate in Minnesota
The filed workers comp rate for class code 8720 (Automobile Salespersons) in Minnesota is $0.610 per $100 of payroll , effective 2024-07-15. On $500,000 of payroll, that's roughly $3,050 in base premium.
Rate per $100 $0.610
Rate type pure_premium
Authority MWCIA
Effective 2024-07-15
vs peers 50%
Confidence HIGH
FAQ
What is the workers comp rate for code 8720 in Minnesota?
The filed workers comp loss cost / rate for NCCI class code 8720 (Automobile Salespersons) in Minnesota is $0.610 per $100 of payroll, effective 2024-07-15.
How much would I pay in Minnesota for code 8720 on $500,000 of payroll?
At $0.610 per $100, $500,000 of payroll yields a base premium of $3,050 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 8720?
UT has the cheapest filed rate for code 8720 ($0.180) and NJ the highest ($1.83). Minnesota sits at the 50th percentile across 22 peer states.