Annuity rates are set by insurance carriers and vary by state. Not every product is approved in every state, and some carriers price differently based on state insurance regulations, reserve requirements, and competitive dynamics.

The table below shows today’s best available rate across all MYGA terms for each state — from A-rated carriers only. Click any state to see the full rate table with all products, terms, and minimum premiums available where you live.

Rates updated May 20, 2026 — A-rated carriers only — Source: AnnuityRateWatch
AL Alabama 6.50% up to 7 yr AK Alaska 6.15% up to 7 yr AZ Arizona 6.50% up to 7 yr AR Arkansas 6.50% up to 7 yr CA California 6.40% up to 7 yr CO Colorado 6.50% up to 7 yr CT Connecticut 6.50% up to 7 yr DE Delaware 6.50% up to 7 yr FL Florida 6.50% up to 7 yr GA Georgia 6.50% up to 7 yr HI Hawaii 6.50% up to 7 yr ID Idaho 6.50% up to 7 yr IL Illinois 6.50% up to 7 yr IN Indiana 6.50% up to 7 yr IA Iowa 6.50% up to 7 yr KS Kansas 6.50% up to 7 yr KY Kentucky 6.50% up to 7 yr LA Louisiana 6.50% up to 7 yr ME Maine 6.50% up to 7 yr MD Maryland 6.50% up to 7 yr MA Massachusetts 6.15% up to 7 yr MI Michigan 6.50% up to 7 yr MN Minnesota 6.50% up to 7 yr MS Mississippi 6.50% up to 7 yr MO Missouri 6.50% up to 7 yr MT Montana 6.50% up to 7 yr NE Nebraska 6.50% up to 7 yr NV Nevada 6.50% up to 7 yr NH New Hampshire 6.15% up to 7 yr NJ New Jersey 6.50% up to 7 yr NM New Mexico 6.50% up to 7 yr NY New York 5.15% up to 7 yr NC North Carolina 6.50% up to 7 yr ND North Dakota 6.50% up to 7 yr OH Ohio 6.50% up to 7 yr OK Oklahoma 6.50% up to 7 yr OR Oregon 6.50% up to 7 yr PA Pennsylvania 6.50% up to 7 yr RI Rhode Island 6.50% up to 7 yr SC South Carolina 6.50% up to 7 yr SD South Dakota 6.50% up to 7 yr TN Tennessee 6.50% up to 7 yr TX Texas 6.50% up to 7 yr UT Utah 6.50% up to 7 yr VT Vermont 5.70% up to 5 yr VA Virginia 6.50% up to 7 yr WA Washington 6.50% up to 7 yr WV West Virginia 6.50% up to 7 yr WI Wisconsin 6.50% up to 7 yr WY Wyoming 6.50% up to 7 yr

Rates shown are the highest available rate across all terms for A-rated carriers. Actual availability varies by carrier and state. Click any state to compare all products and terms.

Why Do Annuity Rates Differ by State?

Insurance is regulated at the state level. Each carrier must file and receive approval for the products it sells in each state. This means a MYGA that earns 5.50% in Texas may only earn 5.25% in New York — or may not be available there at all.

Key factors that affect state-level rates:

  • State insurance department approval: Carriers must file rate schedules and product forms with each state. Approval timelines vary — some states are faster than others.
  • State premium taxes: Most states charge carriers a premium tax (typically 0.5%–3.5%) that affects their pricing. Higher premium taxes can mean slightly lower credited rates.
  • Guaranty association limits: Each state has a guaranty association that protects policyholders if a carrier fails. Coverage limits vary by state (most are $250,000), which affects which products sophisticated buyers choose.
  • Regulatory environment: States with stricter regulatory requirements may have fewer carriers competing, which can affect rates.

State Guaranty Association Coverage

All 50 states have a life and health guaranty association that provides a backstop if an insurance carrier becomes insolvent. Coverage limits for annuity contracts typically range from $100,000 to $500,000 depending on the state.

Most states cover up to $250,000 in annuity contract value per person per insurer. Some states (New York, Washington) provide higher limits. This is why spreading large annuity purchases across multiple carriers is a common strategy for buyers with $500,000+.

Learn more: Best 3-Year MYGA Rates | Best 5-Year MYGA Rates | Best 7-Year MYGA Rates | What Is a MYGA?

Compare MYGA Rates By Term

3-Year MYGA 5.60% Knighthead Life 5-Year MYGA 6.30% Knighthead Life 7-Year MYGA 6.50% Knighthead Life 10-Year MYGA 5.65% Oceanview Life and Annuity

Rates from A-rated carriers (AM Best). Updated every 6 hours.

AJ
Written & edited by AnnuityJournal Editorial Team Independent Financial Media
EB
Reviewed by Editorial Board AnnuityJournal.org

Research and methodology

AnnuityJournal.org sources rate data from AnnuityRateWatch, which surveys MYGA offerings from insurance carriers that continually offer competitive rates. We monitor rates daily across all available terms (2–10 years).

To identify the best rates, we evaluate carriers on: credited interest rate, AM Best financial strength rating, minimum premium requirement, surrender charge schedule, and free withdrawal provisions. Only carriers rated A- or better by AM Best are included.

Rates are updated every 6 hours. Rate availability varies by state — not all products are approved in every state. Always verify current rates directly with a licensed insurance professional before purchasing.

Rate Data Disclosure: Rate data sourced from AnnuityRateWatch, updated every 6 hours. AnnuityJournal.org is an independent publication — we do not sell annuities. Rates are from A-rated carriers (AM Best A-, A, A+, A++) only. Verify current rates with a licensed professional before purchasing.