Marine Insurance Premium Calculator
Estimate hull and P&I insurance premiums from vessel value, age, and trade area risk.
Inputs
$
years
% of value
Results
Total Annual Premium
$50,472
Hull & Machinery$34,560
P&I Premium$9,000
Loss of Hire$6,912
Effective Rate1.01%
Deductible Amount$100,000
How to Use This Calculator
- Enter the vessel's insured value in dollars and the vessel age in years.
- Select the trade area risk level: low (coastwise), medium (ocean), or high (war zone/ice/piracy).
- Choose the claims history: clean, minor claims, or major claims.
- Set the deductible as a percentage of vessel value.
- Review the total annual premium broken down into hull & machinery and P&I components.
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