Indiana variant. This is a Indiana-specific version of the Workers Comp Cost Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Workers Comp Cost Estimator.
Workers' compensation premiums in Indiana are priced per $100 of payroll, by job classification. On a $67,173 salary at an illustrative $1.00 rate, the annual premium is about $672.
How Indiana workers' comp is priced
Premium = (payroll ÷ 100) × class rate × experience modifier. Clerical roles carry low rates; construction and trucking carry much higher ones.
Indiana sets its own rules and rates. The calculator above lets you enter your real payroll, class rate, and mod factor for an accurate Indiana estimate.
About taxes and housing in Indiana
Indiana has a low flat state income tax, and counties may add their own local income taxes on top.
Indiana caps property taxes through a constitutional limit tied to a percentage of a home's value, keeping bills predictable.
Indiana has one of the most manufacturing-intensive economies in the country, with steel, autos, and pharmaceuticals as major sectors.
Worked example: $67,173 payroll
($67,173 ÷ 100) × $1.00 = $672/year at a sample clerical rate. A construction class rate of $8.00 would make it $5,374.
Quick reference
- State income tax: Flat 3.05% (decreasing toward 2.9%)
- State sales tax: 7% (plus 0.00% avg local)
- Median home value: $240,000
- Median household income: $67,173
- Effective property tax rate: 0.84%
- Avg auto insurance: $1,304/yr
Frequently Asked Questions
How is workers' comp calculated in Indiana?
By payroll ÷ 100 × class rate × experience modifier, using Indiana's approved rates.
Is workers' comp required in Indiana?
Most Indiana employers must carry coverage once they have employees; rules vary by industry and headcount.