State Taxes

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, 2015

($000)

State Amount State Amount
Alabama $312,030 Montana $97,404
Alaska 66,456 Nebraska 31,036
Arizona 466,788 Nevada 293,922
Arkansas 190,884 New Hampshire 107,740
California 2,444,573 New Jersey  648,090
Colorado 257,795 New Mexico 122,280
Connecticut 189,362 New York  1,431,361
Delaware 93,763 North Carolina 529,936
DC 106,407 North Dakota 58,008
Florida 690,160 Ohio 544,523
Georgia 419,653 Oklahoma 325,954
Hawaii 150,872 Oregon 62,340
Idaho 84,498 Pennsylvania 792,921
Ilinois 379,773 Rhode Island 95,174
Indiana 221,100 South Carolina 248,418
Iowa 109,593 South Dakota 83,022
Kansas 211,766 Tennessee 809,567
Kentucky 146,481 Texas 1,986,919
Louisiana 438,179 Utah 119,280
Maine 98,353 Vermont 57,950
Maryland 444,691 Virginia 451,037
Massachusetts 367,832 Washington 555,976
Michigan 322,999 West Virginia 155,687
Minnesota 437,806 Wisconsin 184,166
Mississippi 299,127 Wyoming 29,648
Missouri 376,811 United States $19,150,111

Source: U.S. Department of Commerce, Bureau of the Census.

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