Design a Shipping Insurance Quote & Get it at Lowest Cost
Shipping insurance cost depends on cargo value, route risk, vessel type, and policy wording.
Obtaining a shipping insurance quote through broker-independent insurance engineers ensures lower premiums and higher claim payout probability.
DeshCap Coverage Designer
Marine & Shipping Insurance
Design your shipping coverage in 4 steps. Get your instant Coverage Summary with estimated Premium — free.
1 Vessel
2 Route & Cargo
3 Coverages
4 Your Details
What type of vessel are you insuring?
Select the vessel category. Each vessel class carries a distinct underwriting profile — a VLCC on a long-haul crude run has fundamentally different exposure to a Feeder container vessel on a coastal route.
Step 1 of 4
Route, vessel specifications & cargo
These inputs are the primary drivers of your marine programme premium. Trading route, vessel age, and cargo class each carry independent rating weight.
🗺️ Primary Trading Route
🚢 Vessel Specifications
Agreed Hull Value (AHV)$50M
<$5M$300M+
Vessel Age6–10 years
<5 yrs (newbuild)>20 yrs
Fleet Size1 vessel
120+ vessels
📦 Cargo Class
Step 2 of 4
Coverage lines
Select all coverage lines relevant to your operation. Pre-selected coverages reflect the standard programme for your vessel type. Each line is independently rated.
🛡️ Hull & Machinery (H&M)
⚓ Protection & Indemnity (P&I)
📦 Cargo & Freight
⚔️ War, Strikes & Specialist
Step 3 of 4
Get your Marine Coverage Brief
Your estimated premium and coverage profile will show instantly. No obligation — broker-independent advice, no commission.
Step 4 of 4
Select a vessel\ntype to begin
Coverage Brief
Vessel—
Route—
Cargo—
Hull Value—
Age—
Fleet—
Coverages—
—
Est. annual programme premium
⚠️ War Risk Alert: This route passes through a designated war risk zone. Additional breach premiums apply — ensure war risk cover is included.
👉 Our independent insurance engineers typically save clients 10–35% on shipping insurance while eliminating coverage gaps that could cost far more later. Our team also provides Full Claims Management with Cash Advance at Loss, which is outside of the purview of brokers.
Shipping insurance cost varies by vessel type, cargo profile, route risk, policy wording, and claims history. The figures below are indicative ranges only and should be used for benchmarking rather than as binding quotations.
Type of Ship
Indicative Shipping Insurance Cost
Container Ship
0.10% – 0.40% of insured value
Bulk Carrier
0.15% – 0.50% of insured value
Oil Tanker
0.20% – 0.75% of insured value
Chemical Tanker
0.30% – 1.00% of insured value
LNG / LPG Carrier
0.25% – 0.90% of insured value
Ro-Ro Vessel
0.15% – 0.60% of insured value
General Cargo Ship
0.10% – 0.50% of insured value
Offshore Support Vessel
0.30% – 1.20% of insured value
Actual shipping insurance cost depends on vessel age, flag, trade routes, cargo type, piracy exposure, war-risk zones, deductible structure, and policy wording.
👉 Example:
A $1,000,000 shipment may cost $1,000 to $10,000 depending on risk factors.
Key Factors Affecting Shipping Insurance Cost
Shipping insurance pricing is driven by:
1. Cargo Type
Fragile, perishable, or high-value goods increase premiums.
2. Route Risk
Routes involving piracy zones, war zones, or congestion increase cost.
3. Packaging & Handling
Improper packaging increases claim probability → higher premiums.
4. Policy Wording
Definitions of:
“Loss”
“Damage”
“Delay”
👉 These directly impact payout probability.
5. Vessel / Carrier Risk
Older vessels or weak operators increase underwriting risk.
A shipping insurance quote is an estimate of premium based on the value of cargo or vessel, route risk, vessel type, policy wording, and claims history. It helps businesses benchmark cost before binding coverage.
How much does shipping insurance cost?
Shipping insurance cost typically ranges from 0.10% to 1.20% of insured value depending on the type of ship, cargo profile, destination, war-risk exposure, deductible, and coverage structure.
What factors affect shipping insurance cost the most?
The main factors include vessel type, age, cargo type, route risk, piracy and war-risk zones, claims history, policy wording, and deductible structure.
Does shipping insurance cover cargo loss and damage?
Yes, shipping insurance may cover cargo loss, theft, physical damage, and in some cases delay-related losses depending on the policy wording and endorsements selected.
Is war risk insurance included in standard shipping insurance?
Not always. Many shipping insurance policies exclude war, terrorism, and political violence unless war-risk insurance or political violence extensions are added separately.
How can I compare shipping insurance quotes online?
You can request an independent insurance review to compare shipping insurance quotes, policy wording, deductibles, and claims triggers before selecting coverage.
Why do some shipping insurance policies fail at claim time?
Policies may fail because of restrictive definitions, exclusions, poor documentation, or narrow claims triggers. Independent review of wording can materially improve payout probability.
How can I get a shipping insurance quote?
You can contact our team or submit shipment details through our Covarge Designer above to obtain a benchmarked shipping insurance quote aligned with your route, vessel, and cargo profile.
