Builders Risk Answer
How Much Does Builders Risk Insurance Cost?
The honest answer: it depends on your project. But most builders risk policies fall in a predictable range, and we can give you a same-day quote with numbers specific to your project. Trade Safe writes builders risk policies for the real risk a project carries while it is under construction, as an independent agency, not a single-market broker.
- ✓Typical range: 1–4% of completed project value per year
- ✓Wood frame costs more than masonry, often 30–50% more
- ✓Same-day quotes, specific to your project, not a guess
- ✓We shop dozens of carriers to find your best rate
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The Direct Answer
Builders risk insurance typically costs between 1% and 4% of the completed project value, priced annually. For a $500,000 new home under construction, that translates to $5,000–$20,000 for a 12-month policy. For a $1.5 million commercial renovation, expect $15,000–$60,000 depending on project type and location.
The wide range reflects real variation in risk. A wood-frame residential project in a coastal hurricane zone costs significantly more than a masonry commercial project inland. Location, construction type, deductible, and endorsements all move the final number.
| Project Value | Low (1%) | Mid (2%) | High (4%) |
|---|---|---|---|
| $150K | $1,500 | $3,000 | $6,000 |
| $400K | $4,000 | $8,000 | $16,000 |
| $750K | $7,500 | $15,000 | $30,000 |
| $2M | $20,000 | $40,000 | $80,000 |
What Drives Your Rate Up or Down
Construction type: Wood frame carries rates 30–50% higher than masonry. Location: Coastal, hurricane-zone, and high-theft-area projects pay more. Project type: Renovation costs more to rate than new construction in most markets. Deductible: Higher deductibles reduce premium. Endorsements: Flood, earthquake, soft costs each add to the base rate.
The most effective way to get the best rate: use an independent agent who shops multiple carriers. We consistently find 15–30% premium differences between carriers on identical coverage. Carriers specialize, matching your project to the right carrier appetite is how you win on price.
Get a Real Quote, Not a Range
Same-day builders risk quotes specific to your project. Dozens of carriers, no obligation.