At Berry Insurance, we prioritize honesty and education. We want to provide transparent answers to all of our clients’ questions so they can feel confident about their insurance.
But some of these questions aren’t so easy to answer. One of those is “How much does insurance cost?”
You see, nothing about insurance is straight-forward. Every policy is so complex, with unique factors determining the price.
However, we’re going to do our best to explain to you how insurance pricing works, so hopefully you can have an idea of what to expect (and how to save) before you get a policy (or several).
The number of policies you need and the amount of coverage under each policy will be unique to you. Each of these policies will have designated coverage limits and optional coverages catered to your needs. All of these factors will play into what your personal insurance costs.
In addition to the types of insurance and coverage amounts you need, things like location, age, profession, details about possessions you’re insuring, driving record, discount eligibility, and more could affect your personal insurance costs.
Fortunately, personal insurance offers several opportunities to save. Some include bundling your policies, increasing your deductible, paying through EFT/ACH, switching to paperless billing, removing optional coverages you don’t need, or asking about discounts (especially with auto).
As we said, insurance prices can range greatly depending on a number of factors, but we do want to give you a more tangible idea of what you can expect to pay.
Before you take the below numbers as gospel, we want to preface by saying, we’ve been doing insurance for decades and things still surprise us every day.
We’re providing a wide range of what policies typically cost, but it’s totally possible that your quote could fall outside of these ranges.
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Depending on several factors, you can generally expect a car insurance policy to fall somewhere between $700 - $3,000 per year or $58 - $250 per month.
Depending on several factors, you can generally expect a home insurance policy to fall somewhere between $700 - $4,000 per year or $58 - $333 per month.
Depending on several factors, you can generally expect a life insurance policy to fall somewhere between $100 - $1,000 per year or $8 - $83 per month.
Depending on several factors, you can generally expect a renters insurance policy to fall somewhere between $100 - $300 per year or $8 - $25 per month.
Depending on several factors, you can generally expect a $1 million umbrella policy to cost between $160 and $300 per year or $13 to $25 per month.
Depending on several factors, you can generally expect a flood insurance policy to fall somewhere between $500 to $12,000 per year or $41 to $1,000 per month.
Depending on several factors, you can generally expect a condo insurance policy to fall somewhere between $200 to $1,000 per year or $16 to $83 per month.
Depending on several factors, you can generally expect a pet insurance policy to fall somewhere between $360 - $1,200 per year or $30 and $100 per month.
Depending on several factors, you can generally expect a non-owner auto insurance policy to fall somewhere between $200 - $700 per year or $16 - $58 per month.
At Berry Insurance, we prioritize honesty and education. We want to provide transparent answers to all of our clients’ questions so they can feel confident about their insurance.
But some of these questions aren’t so easy to answer. One of those is “How much does insurance cost?”
You see, nothing about insurance is straight-forward. Every policy is so complex, with unique factors determining the price.
However, we’re going to do our best to explain to you how commercial insurance pricing works, so hopefully you can have an idea of what to expect (and how to save) before you get a policy (or several).
The number of policies you need and the amount of coverage under each policy will be completely unique to your business’ needs and operations. Each of these policies will also have designated coverage limits and optional coverages catered to your organization. All of these factors will play into what your business insurance costs.
In addition to the types of insurance and coverage amounts you need, there are various factors that could play into what your business insurance costs. Depending on the type of insurance, some of these factors may be location, property factors, risks, revenue, employees and more.
Fortunately, business insurance offers several opportunities to save. Some include bundling your policies, increasing your deductible, paying through EFT/ACH, removing optional coverages you don’t need, implementing employee handbooks and safety manuals, or asking about discounts.
As we said, insurance prices can range greatly depending on a number of factors, especially when comparing a sole proprietor to a high-risk company with thousands of employees. But we do want to give you a more tangible idea of what you can expect to pay.
Before you take the below numbers as gospel, we want to preface by saying, we’ve been doing insurance for decades and things still surprise us every day.
We’re providing a wide range of what policies typically cost, but it’s totally possible that your quote could fall outside of these ranges. We know these ranges are huge, but that’s because every business is so different and ranges dramatically in size and risks. For a more accurate quote, reach out to an agent!
Depending on several factors, you can generally expect a BOP to fall somewhere between $200 to $80,000 per year or $16 to $6,666 per month.
*Don't let the range scare you. Contact an agent today for an accurate estimate for your business!
Depending on several factors, you can generally expect a commercial auto insurance policy to fall somewhere between $1,500 to $40,000 per year or $125 to $3,333 per month.
*Don't let the range scare you. Contact an agent today for an accurate estimate for your business!
Depending on several factors, you can generally expect a workers compensation insurance policy to fall somewhere between $200 to $100,000 per year or $16 to $8,333 per month.
*Don't let the range scare you. Contact an agent today for an accurate estimate for your business!
Depending on several factors, you can generally expect a professional liability insurance policy to fall somewhere between $400 to $2,000 per year or $32 to $166 per month.
*Don't let the range scare you. Contact an agent today for an accurate estimate for your business!
Depending on several factors, you can generally expect a cyber insurance policy to fall somewhere between $500 to $100,000 per year or $41 to $8,333 per month.
*Don't let the range scare you. Contact an agent today for an accurate estimate for your business!
Depending on several factors, you can generally expect an umbrella insurance policy to fall somewhere between $200 to $50,000 or $16 to $4,166 per month.
*Don't let the range scare you. Contact an agent today for an accurate estimate for your business!
