What You Pay for Errors And Omissions Insurance — Average Prices & Breakdown

Last updated October 5, 2026

Nationwide, expect to pay $6,405 to $22,416 per year for errors and omissions insurance, with the middle of the market near $11,982. Your own quote will land somewhere in that band.

Typical cost at a glance

United States planning figures, per year
Level	Price
Low	~$6,405
Typical	~$11,982
High	~$22,416

Cost by type

Type	Low	Typical	High
Baseline cost at the advertised rate	~$6,405	~$14,411	~$22,416
Best-qualified applicant scenario	~$5,252	~$13,050	~$20,847
Weaker-credit scenario	~$6,917	~$18,029	~$29,141
Origination and third-party fees	~$769	~$3,411	~$6,052
Shorter term with higher payment	~$6,533	~$16,492	~$26,451

All figures per year.

What Errors And Omissions Insurance typically costs

The useful figure for errors and omissions insurance is not the cheapest quote you can find but the range most people actually pay. In your area that band runs from roughly $6,405 at the simple end to $22,416 at the complex end, with $11,982 per year in the middle.

How to compare quotes for errors and omissions insurance

Before you choose a provider for errors and omissions insurance, check what each quote excludes and how long it is held. A quote that expires quickly or hides extras is not a firm price.

What moves the price of errors and omissions insurance

The base price is only part of the total. For errors and omissions insurance in your area, add-ons such as permits, disposal, premium components and after-hours scheduling routinely push the figure toward the top of the range.

Timing your errors and omissions insurance

If errors and omissions insurance can wait, let it. Off-peak scheduling in your area routinely costs less than the peak-season rate for identical work.

Budgeting for errors and omissions insurance

A useful errors and omissions insurance budget has three parts: the expected cost near $11,982, a contingency for access or materials, and any fee for permits or disposal.

Frequently asked questions

How much does errors and omissions insurance cost?

Most errors and omissions insurance falls between $6,405 and $22,416, with a typical figure near $11,982 per year. The low end is a straightforward job with no surprises; the high end covers complex scope, premium materials or urgent timing. Providers serving your area can tell you how it affects a typical job.

What affects the price of errors and omissions insurance?

No single factor decides it — scope, materials, access and timing all move the total, and the biggest swings usually come from access and scheduling. For your area, ask a provider to put that in writing with the quote.

Is Errors And Omissions Insurance cheaper in smaller cities?

Often, but not always. Smaller markets can carry a travel or availability premium that offsets a lower local rate, so it is worth checking a nearby city before assuming the lowest published figure applies to you. The specifics vary across your area, so confirm them with the provider you hire.

How many quotes should I get for errors and omissions insurance?

Two or three written quotes are enough to see the real market range. Compare the same scope side by side, and ask each provider what is excluded and what would change the price after the quote is accepted. Where you are in your area can change the detail, so compare nearby quotes.

These are planning ranges drawn from public price data and market research. They are not a quote, an offer or financial advice, and your actual price depends on the provider, the location and the scope of the work.