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.
State Taxes
Premium Taxes By State, Property/Casualty, Life/Annuity And Health Insurers, 2024 (1)
| State | Amount | State | Amount |
|---|---|---|---|
| Alabama | $612,835 | Montana | $177,555 |
| Alaska | 73,921 | Nebraska | 94,200 |
| Arizona | 878,984 | Nevada | 620,936 |
| Arkansas | 408,579 | New Hampshire | 158,526 |
| California | 4,013,574 | New Jersey | 737,875 |
| Colorado | 547,609 | New Mexico | 289,685 |
| Connecticut | 241,416 | New York | 2,494,775 |
| Delaware | 156,626 | North Carolina | 1,226,119 |
| D.C. | 170,745 | North Dakota | 75,296 |
| Florida | 2,223,757 | Ohio | 794,334 |
| Georgia | 562,442 | Oklahoma | 435,450 |
| Hawaii | 217,883 | Oregon | 187,127 |
| Idaho | 148,741 | Pennsylvania | 1,017,628 |
| Illinois | 533,856 | Rhode Island | 171,801 |
| Indiana | 273,424 | South Carolina | 361,495 |
| Iowa | 190,372 | South Dakota | 117,056 |
| Kansas | 514,186 | Tennessee | 1,458,851 |
| Kentucky | 221,184 | Texas | 4,337,503 |
| Louisiana | 1,334,058 | Utah | 223,518 |
| Maine | 142,287 | Vermont | 79,994 |
| Maryland | 887,149 | Virginia | 768,340 |
| Massachusetts | 692,021 | Washington | 887,670 |
| Michigan | 529,226 | West Virginia | 199,276 |
| Minnesota | 845,671 | Wisconsin | 287,839 |
| Mississippi | 497,792 | Wyoming | 39,067 |
| Missouri | 551,714 | United States | $34,711,968 |
(1) Includes other insurance companies. Data are for each state’s fiscal year.
Source: U.S. Department of Commerce, Bureau of the Census.
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