how much does it cost to insure a package depends on the value of the item being shipped and the carrier chosen. Shipping insurance is available from most major carriers, including USPS, UPS, and FedEx. The cost is typically based on the declared value of the package, with rates varying from a few dollars for low-value items to higher costs for more expensive goods. Businesses and individuals should consider the value of their shipments and the potential risks of loss or damage when deciding whether to purchase insurance.