Victorian WorkCover Premium Rate Frozen for 2025/26

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Victorian WorkCover Premium Rate Frozen for 2025/26

The Victorian Government has confirmed that the average WorkCover insurance premium rate will remain at 1.80% of the state’s average remuneration for the 2025/26 policy year — unchanged from last year.

However, this average rate is a general benchmark only. The actual premium each employer pays depends on their industry classification, business size, and claims history. For small businesses (remuneration under $200K), claims history is not factored in.

Key points for employers

Policy renewals start from 5 July 2025
If no updates are submitted, last year’s remuneration will be increased by 4.75% to calculate your premium
Update your remuneration estimate via WorkSafe’s Online Employer Services
If eligible, a Certificate of Currency is available online once premium is paid

Discounts for early payment

Employers can save by paying early:

5% discount if paid in full by 18 August 2025
3% discount if paid in full by 1 October 2025
Instalment options (monthly or quarterly) are also available but do not attract a discount

Premium funding options are available for businesses wishing to spread out costs while still taking advantage of early payment discounts.