Looking for event insurance cost comparison? Use our comparison tool below or keep scrolling to see numerous options:
Event insurance can start at $75, however costs can vary from carrier to carrier due to different coverage limits and endorsements. Before purchasing a policy, check your venue’s requirements to ensure that all the requirements are being met, including the need for Waiver of Subrogation and/or Primary Noncontributory endorsements.
In order to make the below comparison as ‘apples to apples’ as possible, the below criteria was used:
- $1 million / $2 million (occurrence/aggregate) liability limits
- 150 guests
- 1 day wedding in California (prices are similar for most other types of special events)
- Excludes taxes/fees
- Cancellation coverage option not included
- Host liquor is included by all the carriers
Event Insurance Cost By Various Insurers:
Top Choice: GatherGuard
$125
Damage to rented premise limit: $250,000
Medical expense limit: Not included
Waiver of Subrogation Endorsement: No
Primary Noncontributory Endorsement: No
Deductible: $1,000
Free quote feature available
Top Choice: Specialinsurance.com
$210
Damage to rented premise limit: $300,000
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
Deductible: None
Free quote feature available
Coverage can extend beyond midnight depending on state liquor laws, in which case only 1 day of coverage is required
FLDean
$430
Damage to rented premise limit: $300,000
Medical expense limit: $0
Waiver of Subrogation Endorsement: Unclear
Primary Noncontributory Endorsement: Unclear
Allstate/GEICO/USAA*
*All listed insurers redirect to a third party insurer and do not provide coverage themselves. Coverage not available in CA.
$310
Damage to rented premise limit: $1 million / $2 million (occurrence/aggregate)
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Unclear
Travelers
$375
Damage to rented premise limit: $250,000
Medical expense limit: Unclear
Waiver of Subrogation Endorsement: Unclear
Primary Noncontributory Endorsement: Unclear
WedSafe
$235
Damage to rented premise limit: Unclear
Medical expense limit: $0
Waiver of Subrogation Endorsement: Unclear
Primary Noncontributory Endorsement: Unclear
Wedsure
$280
Damage to rented premise limit: Unclear
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Unclear
Eventsured
$213
Damage to rented premise limit: $300,000
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: No
Primary Noncontributory Endorsement: No
Ewed
$345
Damage to rented premise limit: Unclear
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
Thimble
$244
Damage to rented premise limit: $100,000
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
OneDayEvent
$262
Damage to rented premise limit: $1M
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
EventHelper
$200
Damage to rented premise limit: $100,000
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Yes
K&K / K and K
$194
Damage to rented premise limit: $1M
Medical expense limit: $5,000
Waiver of Subrogation Endorsement: Yes
Primary Noncontributory Endorsement: Unclear
Factors Influencing Event Insurance Cost
Type of Event
The nature of your event significantly impacts the cost of insurance. A low-key private party will generally cost less to insure compared to a large public concert or sports event.
Event Size and Duration
The number of attendees and the duration of the event are crucial determinants. Larger events with more participants typically require higher coverage, which increases the premium. Although we are focusing on single-day events, note that longer events may have proportionally higher costs.
Coverage Requirements
The extent of coverage also plays a critical role in the cost. Basic general liability coverage, including property damage and bodily injury, is essential. However, you might need additional coverage such as alcohol liability, especially if alcohol is being served, which will add to the total cost.
Location
Where the event takes place matters. Some venues might have specific requirements or higher risks, which impact the insurance cost. Urban locations, for example, might have different rates compared to rural settings.