The cheapest business property insurance

In 2025, the average cost for standalone commercial property insurance is approximately $67 per month, but many small businesses pay as little as $29–$45 per month by utilizing specific cost-cutting strategies.1

For the absolute lowest premiums, the following companies and methods are the current market leaders.

5 Cheapest Commercial Property Insurers (2025)

CompanyEst. Starting RateBest For...NEXT Insurance$29/moLowest overall for office-based and digital small businesses.Insureon$29/moBest marketplace to compare the literal cheapest quote of the day.biBERK$30 – $45/moDirect savings by cutting out brokers (Berkshire Hathaway).Progressive$46 – $67/moBest "Multi-Policy" discounts if you have commercial auto.The Hartford$57/mo (Bundle)Cheapest when bundled into a Business Owner’s Policy (BOP).

How to Actually Get the "Cheapest" Rate

The raw price of property insurance is mostly determined by the value of your assets and your location. To lower that price, use these three tactics:

1. The "BPP" Endorsement (Cheapest for Renters)

If you do not own the building (you rent an office or shop), do not buy a "Commercial Building" policy. Instead, ask for Business Personal Property (BPP) coverage. This only covers your laptops, inventory, and furniture. It can drop your premium from $100/mo to $15–$30/mo.

2. The BOP Bundle Discount

Standalone property insurance is rarely the cheapest option. A Business Owner’s Policy (BOP) bundles Property + General Liability.2

• Individual Policies: Liability ($42) + Property ($67) = $109/mo

• BOP Bundle: Total = $57/mo (Average savings of nearly 50%)

3. Location-Based Risk Management

Property insurance is heavily tied to your zip code. You will pay significantly more in areas prone to:

• Natural Disasters: Wildfire zones in CA or hurricane zones in FL.

• Crime Rates: High-theft areas usually require an alarm system or cameras to qualify for the "Preferred" (cheapest) rates.

Average Annual Costs by Industry

IndustryTypical Annual CostKey Risk FactorConsultants / IT$360 – $840Mostly electronics; low physical risk.Retail Stores$600 – $1,200High inventory value and foot traffic.Restaurants$1,200 – $3,000High risk due to kitchen fires/equipment.Contractors$1,080 – $2,400Mobile tools and equipment (Inland Marine).