The cost of parcel insurance coverage is typically a small percentage of the overall value of the item being shipped. However, insurance rates vary depending on the shipping insurance provider, whether you’re insuring domestic or international shipments, and other factors. Route Package Protection doesn’t cost merchants anything. It can be purchased by consumers for just $0.98 on purchases with a retail value of less than $100 USD or a small percentage (1.5% to 5%) of the total retail value for larger orders (those with a retail value of $100 USD or more).