Calculate Your Cargo Insurance Premium
Use this freight insurance calculator to estimate the cost of insuring your shipment. Enter cargo value, select transport mode, route risk level, and coverage type to get an instant premium quote for sea, air, road, or rail freight.
Shipment Details
Add War & Strike Clause
+0.15% surcharge for war and strike risks
Premium Result
Estimated Premium
Includes all applicable charges
Breakdown
💡 Tip: Increasing coverage from Basic to Comprehensive only raises the rate modestly but dramatically expands protection.
Instant Quote
Get your cargo insurance estimate in seconds, with transparent rate breakdowns.
All Transport Modes
Calculate premiums for sea, air, road and rail cargo with mode-specific rates.
Global Routes
Factors in route risk, war zones, piracy areas and regional surcharges.
Frequently Asked Questions
How is cargo insurance premium calculated? +
Cargo insurance premium is calculated by multiplying the declared cargo value by a base rate determined by transport mode, coverage type, and route risk. A typical formula is: Premium = Cargo Value × Base Rate × Transport Multiplier × Risk Multiplier. Rates usually range from 0.2% to 1.5% of the cargo value depending on these factors.
What is the average freight insurance cost per shipment? +
The average freight insurance cost is typically between 0.3% and 0.8% of the declared cargo value for standard coverage on common routes. For high-risk destinations or hazardous goods, rates can increase to 1%–2% or more. For a $10,000 shipment, most shippers pay between $30 and $100 in insurance premiums.
Do I need cargo insurance for international shipping? +
While cargo insurance is not legally required for international shipping, carriers' liability is limited under conventions like the Hague-Visby Rules (about $2–$5 per kilogram) or Warsaw Convention for air freight. This rarely covers the full value of goods, so freight insurance is strongly recommended for any high-value or long-distance shipment.