Retail Insurance Cost Analysis: How Much Is Store Insurance?
Sample Insurance Quotes for Retail Stores
When you talk about “store insurance” you’re really referring to many different things – Property Insurance, Liability Insurance, and Workers’ Compensation Insurance – and the prices of these policies vary depending on your store’s specialty, size, and inventory.
This cost analysis digs into those numbers. We’ll go policy by policy and look at how costs vary for retailers, but first, we’ll start with the big picture. Regardless of policy type or business type…
- The average cost of store insurance is $835.
- The median cost is $512.
Think of this as a rough “back of the envelope” number you can use to budget for your insurance. But it also shows the range of prices you could see in an insurance quote.
The median cost (i.e. what someone right in the middle of the pile pays) is only $512 dollars, or about $43 per month. Of course, the most accurate way to get an idea about your potential insurance costs will come from looking at an actual insurance quote.
If you're interested in a more nuanced look at how much retail insurance costs, prepare yourself. In this page, we have more detail than you may have wanted. We'll look at what different stores pay, how many policies they buy, and which ones they get.
Or if you’d prefer, check out pricing details for some of the specific retailers we serve by clicking the links below.