Cargo Insurance Cost Calculator — Freight Insurance Premium Estimator
Calculate cargo insurance premiums for domestic and international shipments. Inland marine, ocean cargo, and air freight — find the right coverage and cost.
Quick answer: Cargo insurance: domestic inland marine 0.05–0.15%, ocean 0.1–0.5%, air 0.1–0.35% of cargo value. On a $50,000 shipment, expect $50–$250 premium per shipment.
🛡️ Cargo Insurance Cost Calculator
Estimated Premium
Rate Applied
—
Annual Premium
—
How to Use This Calculator
- Enter cargo value — commercial invoice value — insurance is typically on CIF value (cargo + 10%).
- Select mode and commodity — electronics and pharma command higher rates due to higher claim frequency.
- Consider deductible — a $1,000 deductible saves 25% on premium — works well for regular shippers with low claim history.
Worked Example
$50,000 ocean FCL, general merchandise, All Risk, no deductible, 8 shipments/month.
- Insured value: $50,000 × 1.10 = $55,000
- Rate: 0.15%
- Premium: $82.50
- Annual: $7,920
Carrier liability is limited and full of exceptions. Cargo insurance fills the gap for a fraction of cargo value.
Frequently Asked Questions
Yes — ocean carrier liability under COGSA is limited to $500/package. Cargo insurance provides broader coverage, faster claims, and your own insurer fighting for you.
All Risk covers all causes of physical loss or damage except specific exclusions (war, inherent vice, delay, improper packing). It's the broadest and most common coverage for commercial shipments.