Question 1

How much does workers' comp cost for Trucking - NOC in New Mexico?

Accepted Answer

The current rate for Trucking - NOC (Class Code 7202) in New Mexico is $9.31 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4655 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in New Mexico?

Accepted Answer

Yes, workers' compensation insurance is mandatory in New Mexico for employers with 3 or more employees.

Question 3

How does New Mexico's rate compare to other states?

Accepted Answer

New Mexico's rate for Trucking - NOC is $9.31, which is $0.83 below the national average of $10.14 (-8%).

Question 4

What does class code 7202 cover?

Accepted Answer

Covers trucking operations not otherwise classified including general freight and miscellaneous hauling.

State	Rate per $100	Difference
New Mexico (current)	$9.31	—
Indiana	$7.41	-1.90
Texas	$7.79	-1.52
Virginia	$7.89	-1.42
Utah	$8.07	-1.24
Arkansas	$8.36	-0.95

Workers' Comp Rate for Trucking - NOC in New Mexico (Class Code 7202)

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