pawn shop insurance costs

You can save up to 25% in discounts on business insurance.^*

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How much does pawn shop insurance cost?

Pawn shop insurance can cost as little as $25 per month^¹ but the exact price will vary depending on your specific circumstances and needs.^**

The kind of work you do, where you work, how many employees you have and other factors will impact your customized quote.

It’s important to provide the most accurate information about your business to make sure you get the coverage that is right for you, so that your claims are covered by your policy and so that any claim you might make is processed as quickly as possible.^***

What are the coverage and pricing options for pawn shop insurance?

We offer customized packages to each customer so you can find the coverage that you want. You pay only for what you need.

Pawn shop business owners like you typically purchase a combination of coverage in their insurance package, including:

General liability — can help protect you if bodily injury or damage to someone else or their property occurs
Commercial property — can help protect you if you own your own building, lease property or work from home

After you answer a few basic questions with our online instant quote, you can review your options and choose the amount of coverage you want from our Basic, Pro and Pro+ packages.

Continue reading to learn more about how much different types of insurance costs and their coverage limits.

How much is pawn shop General Liability insurance?

General liability insurance costs 50% of our customers between $23 to $34 per month.

It can help to protect your business from financial losses related to customer injuries, accidental damage to someone’s property and copyright infringement.

Monthly General Liability insurance costs for pawn shop

Learn more about general liability insurance.

Exploregeneral liability insurance costs.

Most of our customers can expect to pay:

Between $24 and $34 per month.

Per occurrence limit:

$500,000 to $1 million, depending on your policy (“Per occurrence” refers to the most amount of money you’ll receive after a field claim is approved).

Aggregate policy limit:

$500,000 to $2 million, depending on your policy (“Aggregate policy limit” refers to the amount of money your policy will cover, usually about a year).

Deductible:

$0 (a “Deductible” is the amount of money you’d have to pay out of pocket if you made a claim).

How much is pawn shop Commercial Property insurance?

Commercial property insurance costs 67% of our customers $98 on average per month.

Commercial property insurance can help with replacement costs or repairs to your equipment, inventory and real estate (if you own it) if damage is caused by faulty sprinklers, frozen pipes, a power surge or other covered event.

Since property insurance sets limits based on what you need in a specific situation, coverage is unique to every customer.

Monthly Commercial Property insurance costs for pawn shop

Learn more aboutcommercial property insurance.

Explorecommercial property insurance costs.

Most of our customers can expect to pay:

Between $76 and $192 per month.

Deductible:

$1000

How do I get a quote for pawn shop business insurance?

Start an instant quote. We’ll ask you some basic questions about your business and operations, which we’ll use to create a customized insurance quote.

If you like what you see, you can adjust the package limits to fit your preferences and make your purchase.

Your insurance will begin immediately after payment, and you’ll have access to your certificate of insurance. The self-service tools also allow you to pay premiums, add an additional insured and file claims.

The streamlined process, which can be completed without needing to talk to an agent, makes it possible to purchase insurance in a matter of minutes.

And if you do have questions, our licensed, U.S.-based insurance professionals are ready with the answers.

Start a free instant quote today.

Disclaimers

¹ Based on general liability minimum premium for pawn shop businesses in Texas. To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary. Policy documents govern.

^* Coverage and discount availability and eligibility varies, not available in all states.

^** The cost data presented here are based on NEXT active customers data obtained over the previous 12 months. The price range is based on cost data of equal to or over 51% of NEXT active customers in the U.S. who purchased each respective type of insurance policy. These data should not be considered a substitute for obtaining a quote specific to your business. These data were updated in December 2024.

^*** To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary. Policy documents govern. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.