Since an MRI can range from $400 to $12,000, it is important that you ask about the cost and determine whether your insurance will pay for the procedure before you have it done. Price can depend on the place of service, your specific health insurance, your location, whether extra medications are required, your provider, and the body part scanned. Some insurers may require pre-authorization for an MRI, while others may require high copays or coinsurance amounts.