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, 2014

($000)

State Amount State Amount
Alabama $304,441 Montana $88,106
Alaska 62,292 Nebraska 42,746
Arizona 448,115 Nevada 264,522
Arkansas 182,092 New Hampshire 84,518
California 2,362,738 New Jersey 599,169
Colorado 239,431 New Mexico 99,832
Connecticut 205,690 New York 1,345,394
Delaware 85,735 North Carolina 476,376
Florida 702,340 North Dakota 51,047
Georgia 372,122 Ohio 510,345
Hawaii 142,051 Oklahoma 294,762
Idaho 75,205 Oregon 85,196
Ilinois 359,240 Pennsylvania 773,462
Indiana 223,072 Rhode Island 85,801
Iowa 105,532 South Carolina 214,600
Kansas 198,355 South Dakota 77,374
Kentucky 141,639 Tennessee 749,470
Louisiana 429,146 Texas 1,886,289
Maine 106,372 Utah 113,316
Maryland 475,294 Vermont 60,020
Massachusetts 346,828 Virginia 459,993
Michigan 362,397 Washington 467,351
Minnesota 403,280 West Virginia 155,021
Mississippi 263,809 Wisconsin 185,502
Missouri 302,166 Wyoming 25,310
    United States $18,094,904

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

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