how much does ups insurance cost depends on the value of the package being shipped and the level of coverage selected. UPS offers a variety of insurance options to protect items during transit, with rates generally starting at $1.50 per $100 of declared value. Customers can choose to insure their packages based on their needs, whether for high-value items or standard shipments. It’s advisable to review UPS’s insurance policies and coverage limits before shipping to ensure adequate protection for your items.