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Commercial Drone Insurance: Cost & Cheap Quotes

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Once the stuff of sci-fi films, drones have become a standard tool in many different industries, from construction to film. Despite their relatively small size, though, you still need to be able to cover drone accidents or crashes that could happen. Whether the errors are the fault of the pilot or due to malfunctioning equipment, a drone insurance policy ensures that you won’t have to pay out-of-pocket if things do go wrong.

If you’re looking for UAV insurance for commercial purpose, also named drone business insurance, then you’ve come to the right place. Below, we’ll discuss the average cost of drone insurance coverage and give you a brief overview of some of the best providers, as well as their monthly drone insurance rates.

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Cheap Business Insurance Near Me

Insure Your Investment With Drone Liability Insurance

Although most drones are small, they’re designed to fly high. Even a small 5-pound drone can cause a lot of damage if it drops from high enough in the air. We’re talking about broken windshields, head injuries, traffic accidents, and more. In addition to completely destroying your expensive drone, these accidents can lead to expensive claims.

A comprehensive drone accident insurance policy will typically cover one or multiple of the following:

      Drone hull insurance (or drone crash insurance).

      Drone pilot insurance (covers the pilot).

      Drone flight insurance (covers in-flight damages).

      Drone damage insurance (covers property damage caused by drones).

      Drone loss insurance (covers theft or destruction of your drone).

Drone Public Liability Insurance

Drone public liability insurance is designed to cover your business from any legal actions if your business is found liable for any commercial mishaps, including property damage or loss, economic loss due to your commercial negligence, and death or medical damage caused to a person who may get hurt from your commercial drone operation.

Compare Commercial Drone Insurance Quotes

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On-Demand Drone Insurance

On-demand drone insurance provides coverage for individual flights. This is a great option for pilots who don’t use their drones on a daily basis or only use them for appointments.

The advantage of on-demand coverage is that you can save a lot of money by paying an hourly insurance rate instead of having to pay a set monthly premium. Typically, on-demand drone insurance is provided by insurers who specialize in drone insurance. Larger insurance companies like GeicoProgressive, and Allstate typically do not offer on-demand coverage.

Several of the insurers we reviewed above offer on-demand drone insurance coverage, including:

       Thimble (formerly Verifly Insurance).

       Flock

       Skywatch


Drone Liability Insurance Cost

It is fairly simple to get cheap drone insurance. The average commercial drone liability insurance cost is $600 for up to $1,000,000 coverage. That said, here is what you can expect to pay for a standard drone liability insurance and Unmanned Aircraft System, aka UAS insurance coverage. Keep in mind that these are just average rates. Your monthly drone insurance rates could differ, depending on your business size, drone usage, drone cost, experience, drone type, location, business sector and more. (read more below the table)

Additionally, you can get cheap drone insurance by comparing drone insurance quotes online through this page by hitting the get quotes button and following the simple process.

ProviderAverage Monthly Drone Insurance CostAverage Yearly Drone Insurance Cost
DJI$55$650
State Farm$65$775
Skywatch$53$635
Geico$64$760
USAA$44$525
Flock$38$460
Moonrock$60$715
Progressive$64$770
Allstate$67$795

 

What Determines Your Drone Insurance Cost?

The cost of your drone insurance policy is typically determined by: 

  • Your business size
  • Your business industry
  • The overall size and value of your drone
  • The type of work you do with your drone
  • The area where you’ll be using the drone most often. For example, if you’re looking to purchase drone third-party insurance in a large city, you’ll likely pay more than if you were just flying your drone through the rural countryside where there aren’t as many people wandering around. 
  • The level of experience that you or your employees have as licensed drone pilots may also affect your drone insurance  premium costs. 
  • Additionally, the number of claims you’ve made in the past will affect your monthly and annual drone insurance coverage costs. 

As long as you do your research and compare drone insurance quotes, though, there’s no reason why you can’t find cheap drone insurance. You can do that through this page with ease by hitting the get quotes button and following the simple process!

Does Commercial Drone Insurance Cost Extra?

On average, commercial drone insurance may cost a little bit more than traditional drone insurance which is done for personal use, or as a hobby. This is mostly because commercial drones tend to be larger and more expensive, and also in most cases, businesses use a big amount of drones, rather than just one, and they require more coverage as well, therefore indicating a higher degree of financial risk and responsibility. That being said, though, you might be able to get a better deal on commercial UAV insurance by bundling it with an existing heavy equipment insurance policy.

Best Drone Insurance Companies

Now that we’ve given you a brief overview of what you can expect as far as monthly premiums and annual coverage rates go, it’s time to go a bit deeper. In this section, we’re going to take a look at the best drone insurance companies on the market. We’ll give you a bit of background on each insurer, the average monthly cost paid by commercial drone pilots, the pros and cons, and our personal rating.

DJI Insurance

DJI is one of the top UAV manufacturers in the industry. In addition to providing top-notch commercial drones, they also offer an insurance policy designed to cover their more expensive drones as well. Unfortunately, if you’re looking for DJI Mavic Mini insurance or Mavic Air 2 insurance, then you’re out of luck as they don’t offer insurance on their small drones. However, if you have one of the company’s larger commercial drones then DJI drone insurance is an excellent choice!

Pros:

      Affordable drone insurance for DJI commercial drones.

      Fast verification (less than 48 hours).

      Verify your drone over video chat/examination.

Cons:

      Only designed for DJI drones.

      No coverage is available for smaller DJI drones.

Best For: Large DJI commercial drones.

Average Cost: $55/month

Rating: 4/5

State Farm Drone Insurance

State Farm has been providing everything from auto and home insurance to commercial construction coverage since 1922, making them one of the oldest insurers in the nation. Recently, they’ve also developed a reputation for providing reliable drone insurance as well. One of the best things about State Farm is that they have agents located across the nation, so claims and signing up are incredibly easy.

Pros:

      Offices nationwide.

      Great customer service.

      Able to cover a wide variety of commercial or recreational drones.

Cons:

      They are a bit more costly than a drone-only insurance provider.

Best For: Mid to large-sized commercial drones used on a daily basis.

Average Cost: $65/month

Rating: 3.8/5

Skywatch Drone Insurance

If you’re looking for a specialty drone insurer, then you can’t go wrong with Skywatch. This company provides simple, easy-to-modify plans for all drone pilots (both recreational and commercial). Another great reason to choose Skywatch is that they provide amazing discounts for safe drone pilots who haven’t been involved in previous accident claims.

Pros:

      Easy to sign up for.

      Fully customizable plans.

      Discounts for safe piloting.

Cons:

      No brick-and-mortar offices.

Best For: Part-time drone pilots or pilots with a clean piloting record.

Average Cost: $53/month

Rating: 4.5/5

Thimble Drone Insurance (Formerly Verifly Insurance)

If you’re looking for Verifly drone insurance, they’re now owned by Thimble. What sets Thimble apart from other insurers is that they focus exclusively on providing on-demand drone insurance for individual flights. You’ll be able to fly any drone up to a certain weight limit and receive geolocation-based quotes up to 60 days ahead of your scheduled flight.

Pros:

      Book insurance for flights up to 60 days ahead of time.

      Only pay for where you fly (within a 2-mile radius).

      Fly any drone within your weight limit.

      Immediate proof of insurance.

Cons:

      No long-term drone insurance policies.

Best For: Periodic commercial drone flights.

Average Cost: $10 - $15 per hour (on-demand insurance)

Rating: 5/5

Geico Drone Insurance

Everybody knows Geico for the little green Gecko promising affordable insurance rates. Although they’re not the cheapest drone insurer on the market, they are among the top most-affordable commercial drone insurers. It’s easy to sign up for, you can bundle policies, handle all of your claims and view insurance paperwork through Geico’s easy-to-use app.

Pros:

      Affordable commercial drone insurance.

      Wide variety of coverages available.

      Ability to bundle with other Geico policies.

Cons:

      No on-demand drone insurance.

Best For: Businesses that use drones on a daily basis.

Average Cost: $64/month

Rating: 4/5

USAA Drone Insurance

If you’re retired or active duty military, then USAA provides some of the cheapest drone insurance rates in the nation. The only caveat is that you can’t sign up unless you’re a member of the armed forces. If you are approved, though, rates are cheap, and you’ll have a number of different drone insurance coverage options to choose from, ranging from third-party liability to full-scale hull coverage.

Pros:

      Caters to members of the military.

      The cheapest insurance in the country.

      Amazing customer service.

Cons:

      No on-demand policies are available.

      Only available to military members.

Best For: Veteran drone pilots or active-duty service members.

Average Cost: $44/month

Rating: 4.5/5

Flock Drone Insurance

Flock Cover is another insurer that specializes in covering commercial and personal drones. Flock provides both monthly insurance plans as well as on-demand flight coverage, depending on your needs. You’ll be able to cover small drones with a basic liability plan for as low as $18/month, but the average rate is doubled for larger commercial drones. Still, Flock is considerably cheaper than many of the other drone insurers on the market!

Pros:

      On-demand or monthly insurance plans available.

      Great rates on small and large commercial drones.

      Fleet pricing available.

Cons:

      Online application only, no brick-and-mortar agencies.

Best For: On-demand flights or large fleet policies.

Average Cost: $38/month

Rating: 4/5

Moonrock Drone Insurance

Moonrock specializes in drone insurance coverage and offers everything from drone public liability insurance coverage to comprehensive plans that provide coverage for cyberattacks on your drone and even flight assessment tests! Their prices are relatively fair, and you can customize your policy to your needs.

Pros:

      Coverage for cyberattacks and flight assessment tests.

      Customize your own plan.

      Friendly, professional customer service.

Cons:

      No on-demand coverage.

Best For: Full-time commercial drone pilots.

Average Cost: $60/month

Rating: 4/5

Progressive Drone Insurance

Although Progressive doesn’t specialize in providing drone insurance, they do offer it. Their drone insurance policies are very similar to their auto policies, and they provide a number of options ranging from drone public liability insurance to crash/hull coverage. Overall, Progressive offers fair pricing, and you’ll have the ability to bundle your drone policy with other Progressive policies (if you already use them).

Pros:

      Wide number of coverage options available.

      Fair pricing.

      Bundling available for existing Progressive customers.

Cons:

      Progressive doesn’t specialize in drone insurance.

      No on-demand policies are available.

Best For: Larger companies that use drones on a regular basis.

Average Cost: $64/month

Rating: 3.8/5

Allstate Drone Insurance

Although you can cover your drone as “personal property” under Allstate, they don’t offer any official commercial drone insurance policies. This means that you can purchase liability coverage, property damage, or theft coverage, but you won’t be able to find flight insurance or crush/hull coverage. If your drone is just sitting in your garage collecting dust or if you don’t use it often, then Allstate will provide minimal coverage. Ultimately, though, it’s not designed for regular flights.

Pros:

      Personal property and liability coverage available.

      Theft coverage available.

Cons:

      No drone flight, hull, or crash coverage available.

      Rather expensive insurance policies.

      Not designed for drones.

Best For: Occasional drone pilots or drones that are sitting.

Average Cost: $67/month

Rating: 2.5/5

Compare Commercial Drone Insurance Quotes

Get all the best quotes from leading providers in a click of a button!

In partnership with:

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In partnership with:

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Recreational Drone Insurance

If you’re just using your drone recreationally or you just need hobby drone insurance, then you’ll likely find that your coverage costs are slightly more affordable. If you don’t fly often, then you might even be able to cover your drone under your existing home or renter’s insurance policy by classifying it as a gadget or home electronic device.

Most recreational drone insurance policies feature public liability insurance that’s designed to cover any mishaps, small amounts of property damage, or medical damage caused to victims.

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