How much does guitar insurance cost?

Submitted by Admin on Mon, 03/14/2011 - 14:28

 

Guitar insurance and other musical instrument insurance is a competitive business and there are lots of different levels of cover and options. It is no surprise, therefore, that there is no easy answer to the question of what it costs to insure a guitar. However, here are some “typical” UK prices, to give some idea of level of premiums in different circumstances:

Guitar insurance with £1,000 cover

This example gives cover against theft, loss and accidental damage with no excess and includes £1 million Public Liability insurance.

Single location only - home or studio
Premium £36 per year

Including travel in UK only
Premium £52 per year

Including travel worldwide
Premium £77 per year

For around £10 per year you can add breakdown cover and another £5-£10 for in-vehicle transportation.

Guitar insurance with £10,000 cover

This example gives cover against theft, loss and accidental damage with no excess and includes £1 million Public Liability insurance.

£10,000 cover, single location only - home or studio
Premium £185 per year

£10,000 cover, including travel in UK only
Premium £287 per year

£10,000 cover, including travel worldwide
Premium £469 per year

Please note the above are indicative prices only, based upon a UK insurer at March 2011