Grocery Store Insurance & Supermarket Insurance: Cost, Quotes & More

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Business insurance is a great way to reassure that a single thing going wrong doesn’t end in the financial downfall of your business, but it may vary significantly from industry to industry. For example, coffee shop insurance and warehouse insurance are two entirely different fields with different rates and risks.

In this guide, we’re going to take a look at everything you’ll need to know about grocery store insurance and supermarket insurance. We’ll cover the average supermarket insurance cost to start off and then we’ll take a look at some of the top insurers selling supermarket and grocery insurance. We’ll even explore some of the additional grocer insurance policies that you may want to acquire.

Supermarket & Grocery Store Insurance Cost

The cost of insurance for supermarkets varies based on a range of different factors, including the size of the operation that you’re trying to insure. As you scale up a grocery store, then the cost of insurance will rise at the same time because of the larger number of employees working for you and the higher value of the business property.

Along with the size of a grocery store, the cost of insurance will also depend on the particular store’s history and reliability. For example, if a grocery store had a previous incident where they sold expired or contaminated food, then the cost of insurance would be far higher because of the greater risk involved in insuring them.

Regardless, here's the average cost of insurance for supermarkets and grocery stores:

Coverage TypeCost Per MonthCost Per Year
General Liability$41$480
Workers Comp$120$1,440
Commercial Property$105$1,242
Commercial Auto$85$1,000
Business Interruption$100$1,200
Business Owners'

In the following table, we’re going to take a look at the average supermarket and grocery store insurance cost for comprehensive coverage that include Business Owners' Policy (combining general liability, commercial property and business interruption), workers compensation and commercial auto insurance with some of the top insurance companies in America for a small-medium grocery store or supermarket that has a good safety record for both its employees and customers.

CompanyMonthly costAnnual cost
State Farm$412$4,894
World Insurance Associates LLC$330$3,942

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Grocery Store & Supermarket Insurance

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Supermarket Van Insurance

Many supermarkets have vans that they use to keep the shelves stocked, and you’ll also need to insure them, especially since it’s mandatory under the vast majority of state laws. Unfortunately, simple personal car insurance won’t work for your supermarket van since it’s being used for a commercial purpose.

Commercial vehicle insurance policies tend to be a little more expensive than personal ones because insurers expect commercial vehicles to be used more often. For this reason, you can expect to pay about $70 per month to keep your supermarket van insured, coming out to about $840 per year.

Convenience Store Insurance

Convenience store insurance tends to be so similar to grocery store insurance that many carriers tend to bundle both of them into the same policy. If a company doesn’t have a specialized convenience store insurance coverage policy, then they’ll probably offer coverage under a more general Business Owner Policy (BOP).

If a company does offer both supermarket and convenience store insurance as separate options, try and see if one of them is more affordable than the other. If your business straddles the line between a grocery and a convenience store, you may get a better rate by opting for convenience store coverage.

Convenience Store Insurance Cost

Convenience store insurance tends to be a little less expensive than grocery store insurance because of the smaller size of the premises as well as the smaller number of products that you sell. Having fewer customers come in per day means that it tends to be less likely that one of them will end up suing for damages.

Your average convenience store policy will offer about $1 million in liability coverage, so we’ve gone ahead and gathered some quotes for a medium-sized convenience store. The average rate varies between about $450 per year to around $650 per year from the more expensive carriers.

Drugstore Insurance

Drugstores and pharmacies also have different insurance policies, namely pharmacy liability insurance. Since most pharmacies are smaller than grocery stores, they also tend to have better premiums on their insurance policies.

The typical price of insuring a smaller pharmacy with $1 million in liability ranges between about $100 and $150 per month. When translated to an annual rate, this ranges between $1200 and $1800 per year for coverage. Be sure to explore your options in terms of companies and policies to get the best possible rate.

Compare Supermarket Insurance Quotes

If you’re looking to get cheap supermarket insurance, it’s a good idea to compare supermarket insurance quotes online. You can easily do so by clicking the 'Get Quotes' button below, following the simple process and using our free tool to find out the best possible rate on your desired supermarket insurance coverage, comparing a wide range of top carriers, rates and policy types.

Compare Supermarket & Grocery Store Insurance Quotes

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

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Best Supermarket & Grocery Store Insurance Companies

Metlife Supermarket Insurance

Metlife offers supermarket insurance under their small business insurance policy, which tends to combine general liability coverage and property coverage in one. The benefit of doing this is that you get a preferential rate compared to if you had purchased both coverage types individually.

USAA Grocery Store Insurance

Much like Metlife, USAA provides grocery store owners insurance with coverage using their small business insurance plan. The difference is that USAA’s business insurance typically includes three components. Both property and general liability insurance are still there, but they also add business income insurance (business interruption) to the deal on a very affordable BOP (Business Owners' Policy).

USAA Grocery Claim

USAA's grocery store insurance won’t really help you if you don’t know how to file a claim with them though, so here’s what USAA will expect of you when you’re looking to file a claim on your business insurance for grocery stores. To start off, you’ll need the name of the policyholder, reason of filing a claim, policy number, photos of the damage, and any proof or details you have about how the damages were incurred.

You can either file your claim online or through the phone. If you’re filing online, you’ll have to navigate to the claims tab on the USAA website and include the details of the event as well as your contact info and any photos and proof you have. To file a claim over the phone, you can call USAA at 800-531-USAA and provide it.

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