How much does gun insurance cost?
Our entry plan, Silver, gives $20,000 in blanket/unscheduled firearm & accessories coverage and carries a $500 deductible per occurrence/claim. The blanket/unscheduled coverage has a max per item limit of $10,000. The annual premium for this plan is $115 + $15 admin fee.
Our next plan is Gold, which carriers the same coverage as Silver however the limit is increased from $20,000 to $48,000. The annual premium for this plan is $150 + $25 admin fee.
For individuals requiring a limit over $48,000, have items over $10,000, or wish to add trophy coverage for taxidermy collections, then we use our Premier plan. The coverages remain the same as the Silver & Gold policies however the cost is determined by the total collection limit. Below are annual premiums based on collection size and a $500 deductible per occurrence for both guns and trophies/hunt replacement.
– $155 + $25 admin fee: Up to $50,000 in coverage
– $283 + $35 admin fee: $100,001 in coverage
– $550+ $45 admin fee: $250,001 in coverage
– $875 + $50 admin fee: $500,001 in coverage
Written by Cole Cushman
Cole Cushman found his passion for hunting at just 11 years old. His extensive gun collection can be traced back to when he received his first rifle at 15, a Browning medallion 7mm. In 2007, Cole decided to merge his personal love for hunting with his professional career in finance by starting Gun & Trophy Insurance.