Last updated: March 2026
How Much Does Cyber Insurance Cost?
Cost Breakdown by Type
| Type / Procedure | Without Insurance | With Insurance |
|---|---|---|
| Small Business ($1M coverage, monthly) | $0 – $0 | $50 – $150 |
| Mid-Size Business ($1-5M coverage, monthly) | $0 – $0 | $150 – $350 |
| E-Commerce/Tech Company (monthly) | $0 – $0 | $200 – $500 |
What Affects the Cost
- Your age, location, and health status
- Coverage level and deductible chosen
- Provider or carrier
- Claims history
- Credit score (for some insurance types)
- Discounts available (bundling, loyalty, safe driver, etc.)
Insurance Coverage
Typical coverage: Cyber insurance covers financial losses from data breaches, ransomware attacks, business interruption, and cyber extortion.
Insurance costs vary widely based on coverage level, location, age, and claims history. Shopping around and comparing quotes is the single most effective way to save money on insurance premiums.
How to Save Money
- Compare quotes from at least 3-5 providers
- Bundle policies (home + auto) for 10-25% discounts
- Choose higher deductibles for lower monthly premiums
- Ask about all available discounts
- Review coverage annually during open enrollment
- Consider employer-sponsored plans which subsidize 50-80% of premiums
Related Procedures & Costs
Frequently Asked Questions
Cyber insurance costs $50 to $500 per month for small to mid-size businesses. Average cost is about $1,500 per year for $1 million in coverage.
It covers data breach response costs, legal fees, notification expenses, credit monitoring, ransomware payments, business interruption, and regulatory fines.
Yes. 43% of cyber attacks target small businesses. The average cost of a data breach for a small business is $120,000 to $200,000, which could be devastating without coverage.