How Much Does Convenience Store Insurance Cost? 2025 Rates

U.S. convenience store businesses can expect to pay $840 annually for comprehensive business insurance, averaging $70 per month. The primary cost drivers are location, coverage limits, number of employees, annual revenue, equipment value, and the type of services your store provides (such as fuel sales, food preparation, or lottery ticket sales).

How Much Does Convenience Store Insurance Cost?

Most convenience stores in the U.S. spend around $840 a year on business insurance, or about $70 each month. However, this is only a general estimate. Your real cost may be more or less depending on your store’s size, location, and other details. 

Running a convenience store comes with many risks, from accidents to theft, so having the right insurance is important. The cost of a convenience store insurance can vary widely based on your store’s size, daily operations, and location.

Here are some of the biggest cost drivers:

• Number of employees (affects workers’ comp and liability)
• Property size and value (affects commercial property coverage)
• Location (affects commercial property insurance)
• Past claims history (insurers charge more if you’ve filed claims)
• Vehicle usage (affects commercial auto insurance)
• Business interruption coverage and other add-ons

Understanding what affects the price can help you plan your budget and choose the coverage that fits your business best. 

Average Convenience Store Insurance Costs For Coverage Types

Convenience stores need different types of insurance to stay protected, and each type comes with its own cost. Having a clear idea of these costs also helps you pick the right coverage without overspending on protection you don’t need. 

• General liability insurance: $70 per month
• Business owner’s policy: $179 per month
• Workers’ compensation insurance: $79 per month
• Commercial auto insurance: $166 per month
• Commercial umbrella insurance: $56 per month

General Liability Insurance

The average cost of general liability insurance for a convenience store business is about $70 per month.

General liability insurance protects your convenience store if someone gets hurt or their property is damaged while in your store. It keeps your business safe from common, everyday risks so you don’t have to pay big costs out of your own pocket. 

Several factors impact the cost of general liability insurance like the size of your store, its location, how many customers you serve, your history of past claims, and whether you hire contractors or need to add others to your policy.

Most general liability policies also cover product-related issues, helping your store if a customer becomes ill or reacts badly to something you sell. 

Policy limits: $1 million per occurrence and $2 million aggregate.

Here’s a look at the average annual premiums for 10 different states:

Note: These estimates are based on average annual premiums for convenience store businesses, compiled from both national carriers and regional insurance agencies. They reflect typical coverage limits for small-to-medium stores, considering risks such as customer injury, theft, property damage, and liability tied to food or beverage sales. Actual premiums will vary depending on store size, location, crime rates, number of employees, claims history, and whether additional coverages (like product liability or business interruption insurance) are bundled with General Liability.

Business Owner’s Policy (BOP)

The average cost of a business owner’s policy (BOP) is about $179 per month for a convenience store.

A business owner’s policy combines different types of insurance into one plan for small businesses like convenience stores. It usually includes general liability insurance to protect against accidents and  property insurance. 

A BOP makes it easier and often cheaper to get coverage because it bundles multiple protections in a single policy. It helps protect your store from unexpected problems. 

Low-risk, small convenience stores often qualify for a BOP. 

Several factors impact the cost including property value, location risk (such as flood or crime rates), business revenue, number of employees, and any optional endorsements.

Policy limits: $1 million per occurrence and $2 million aggregate.

Here’s a look at the average annual premiums for 10 different states:

Note: These estimates reflect average Business Owner’s Policy (BOP) premiums for convenience store businesses, which typically combine general liability and commercial property coverage. Figures account for industry-specific risks such as high customer foot traffic, theft, property damage, and liability exposures from food and beverage sales. Actual premiums will vary depending on store size, location, coverage limits, property value, and claims history.

Workers’ Compensation Insurance

The average cost of workers’ compensation insurance for a convenience store business is around $79 per month.

Workers compensation insurance helps protect your employees if they get hurt or sick while working at your convenience store. For store owners, this insurance also offers protection. When you have workers compensation, employees usually cannot sue you for most workplace injuries. 

State laws control the limits, but most policies pay for medical costs and a portion of lost wages, usually with no fixed cap. 

Employer liability insurance, usually included, covers expenses lawsuits from employees who get hurt on the job. 

Several factors impact the costs including the size of your payroll, the type of work employees perform, your claims history, and any implemented safety programs.

Here’s a look at the average annual premiums for 10 different states:

Note: These estimates are based on average annual Workers’ Compensation premiums for convenience store businesses, incorporating state-specific base rates, employee classifications, and payroll ranges typical of both small independent shops and larger chain-operated stores. Actual premiums will vary depending on your store’s size, claims history, number of employees, and insurer underwriting practices.

Commercial Auto Insurance

The average cost of commercial auto insurance for a convenience store is about $166 per month.

Commercial auto insurance protects vehicles your convenience store uses for business, like trucks or vans for delivering or picking up supplies. This insurance keeps your business safe from unexpected vehicle-related costs.

Several factors impact the costs, like the coverage limits you select, your past claims, how much your work vehicles are worth, and the driving records of anyone who drives them. 

In most states, insurance is required for any vehicle owned by your convenience store. For cars that are personal, leased, or rented, HNOA coverage is the right option. 

Here’s a look at the average annual premiums for 10 different states:

Note: These estimates reflect average annual premiums for convenience store businesses that operate delivery vans, box trucks, or utility vehicles used for stocking, supplier runs, and local distribution. Rates are based on blended averages from both small and large agencies, incorporating regional risk exposure, traffic density, theft potential, and liability coverage levels. Actual premiums will vary depending on store location, fleet size, claims history, and insurer underwriting practices.

Commercial Umbrella Insurance

The average cost of commercial umbrella insurance for a convenience store is $56 per month.

Commercial umbrella insurance gives your business extra protection above and beyond your other insurance policies like general liability, or commercial auto insurance. 

For example, if a customer is seriously injured in your store and the medical and legal expenses go beyond the limits of your general liability policy, umbrella insurance would help cover the remaining costs. This added protection can help prevent major financial loss from large or unexpected claims.

Here’s a look at the average annual premiums for 10 different states:

Note: These estimates reflect average annual premiums for Commercial Umbrella insurance tailored to convenience store operations, based on aggregated data from both small and large insurance agencies. Figures account for location-specific liability exposures, crime rates, alcohol/tobacco sales, store size, and claims history. Actual premiums will vary depending on your store’s unique profile, coverage limits, and insurer underwriting criteria.

Convenience Store Business Insurance Costs By Provider

Convenience store business insurance costs will vary greatly depending on the insurance carrier. Use the table below to find average costs across different providers.

Note: These estimates are based on average annual premiums for convenience store businesses, considering both small and large agencies. Coverage typically includes general liability, property insurance, workers’ compensation, liquor liability (if applicable), and commercial auto. Actual premiums will vary depending on factors such as store size, location, crime rate in the area, number of employees, annual revenue, and coverage limits.

What Factors Impact Your Convenience Store Insurance Costs?

The cost of insurance for your convenience store can vary based on several factors. Things like the size of your store, the location, and even how many employees you have can all affect your insurance cost. Understanding these factors can help you figure out why your costs are higher or lower and how you can manage them. 

Type Of Services You Offer

If your convenience store offers basic services like selling snacks and drinks, your risk is lower, so your insurance might cost less. But if you also offer extra services like check cashing, propane refills, or operate 24/7, your risk goes up, which can lead to higher insurance costs.

Number Of Employees

The more workers you have, the higher the chance that someone might get hurt on the job. If you only run the store yourself, your workers’ compensation costs will be lower. But if you have a team, especially working in shifts, the cost of coverage will go up.

Equipment And Tools

If your store uses expensive equipment like commercial refrigerators, freezers, or a security system, your property insurance may cost more. This is because it would be expensive to replace those items if they break or get stolen.

Location Of Your Business

Where your store is located matters. If you’re in a high-traffic area or a neighborhood with more crime or lawsuits, your insurance could cost more. Stores in quiet, low-crime areas usually pay less.

Vehicles Used For Business

If you use a van or truck to pick up supplies or make deliveries, you’ll need commercial auto insurance. The number of vehicles you use, how often you drive them, and your drivers’ records will all affect your premium.

How To Lower Your Convenience Store Insurance Costs

Insurance is important for protecting your convenience store, but it doesn’t have to break the bank. By taking these steps, you can save money while still making sure your store is fully protected. 

1. Policy Bundles

Policy bundles mean combining different types of insurance into one package, like general liability and property insurance. This can often save you money because buying them together is cheaper than buying each one separately. 

2. Safety & Security Measures

Improving safety and security at your convenience store can lower your insurance costs. This include things like installing security cameras, keeping the store clean and well-lit, and training employees to handle situations safely. Few accidents mean lower insurance rates. 

3. Increase Deductible

A higher deductible means you agree to pay more out of pocket if you need to file a claim. In return, your monthly insurance payments (premiums) will be lower. Just make sure your store can afford the higher deductible if something happens.

4. Pay Annually Instead Of Monthly

Paying your insurance in one lump sum each year instead of monthly can often save you money. Insurance companies sometimes charge extra fees for monthly payments, so paying all at once can reduce your total cost. 

5. Shop Around

Don’t settle for the first insurance quote you get. Compare prices and coverage from different insurance companies. This helps you find the best deal for your convenience store.