CONTRIBUTION TO STATE ECONOMIES 
All insurance companies pay a state tax based on their premiums. Other payments are made to states for licenses and fees, income and property taxes, sales and use taxes, unemployment compensation taxes and franchise taxes.
PREMIUM TAXES BY STATE, PROPERTY/CASUALTY AND
LIFE/HEALTH INSURANCE, 2007

($000)


State
Amount
State
Amount
Alabama $276,814Montana$63,060
Alaska55,402Nebraska36,625
Arizona440,696Nevada259,329
Arkansas138,612New Hampshire87,346
California2,178,336New Jersey 444,535
Colorado182,111New Mexico104,215
Connecticut233,942New York 1,172,298
Delaware110,167North Carolina487,119
Florida785,875North Dakota30,168
Georgia343,000Ohio449,767
Hawaii99,079Oklahoma197,026
Idaho85,622Oregon56,167
Ilinois308,637Pennsylvania693,984
Indiana190,811Rhode Island56,581
Iowa105,223South Carolina123,003
Kansas129,841South Dakota58,981
Kentucky148,247Tennessee374,502
Louisiana402,298Texas1,292,460
Maine85,026Utah123,665
Maryland385,026Vermont55,131
Massachusetts397,280Virginia384,894
Michigan223,754Washington391,949
Minnesota318,179West Virginia111,176
Mississippi191,973Wisconsin156,765
Missouri294,947Wyoming23,701
  United States$15,345,345
Source: U.S. Department of Commerce, Bureau of the Census.
  • Insurance companies, including life/health and property/casualty companies, paid $15.3 billion in premium taxes to the 50 states in 2007. On a per capita basis, this works out to $51 for every person living in the United States.

  • Premium taxes accounted for 2.0 percent of all taxes collected by the states in 2007.