How Much Does Moving Insurance Cost?
Moving insurance (transit insurance) is usually charged as a percentage of the total value of the items you declare when hiring packers and movers services. In India, most packers and movers offer insurance at 1% to 3% of the declared value of goods. Some providers may also include 18% GST (as insurance is a financial service).
For example, if you declare your household goods at ₹3,00,000, the insurance cost would be approximately ₹3,000 to ₹9,000, depending on the provider and coverage type.
For city-specific moving scenarios, insurance costs may vary slightly based on distance and service type, such as when hiring packers and movers in Bangalore.
Typical Moving Insurance Cost Breakdown
Declared Value of Goods | Approx. Insurance Cost (1–3%) | Notes |
₹1,00,000 | ₹1,000 – ₹3,000 | Standard household move |
₹2,00,000 | ₹2,000 – ₹6,000 | With GST applicable |
₹3,00,000 | ₹3,000 – ₹9,000 | Medium household move |
₹5,00,000 | ₹5,000 – ₹15,000 | High-value items |
Vehicle Insurance (car/bike) | 1%–2% of vehicle value | Separate policy |
You can also estimate your total relocation expenses, including insurance, using our detailed packers and movers cost guide.
What Affects Moving Insurance Cost?
- Declared value of goods
- Type of coverage (full or partial)
- Distance of transportation
- Special items (glass, artwork, antiques)
- Separate vehicle insurance (if shifting car/bike)
- GST applicable on insurance premium
Understanding these factors also helps when comparing quotations—here’s a guide on how to choose the best packers and movers.
Types of Moving Insurance
- Transit Insurance: Covers goods only during transportation
- All-Risk Insurance: Offers broader coverage (where available)
Moving insurance usually costs 1%–3% of your declared goods value, making it an affordable and highly recommended protection for both local and long-distance moves handled by professional movers.