Oct
21
2020

2021 FedEx Declared Value Rate Increase

FedEx declared value rates have increased again in 2021.  

Declared Value Rates increased to $1.15 per $100.

Minimums are now $3.45.

This increase makes it more than 64% more than the same service offered 10 years ago. If you would like to cover a shipment sent via FedEx valued at $150.00, they will charge you $3.45 to cover it! Remember: This is declared value coverage, not insurance.

Here is a list of all the rate changes since 2004:

  Year

  FedEx Rate*

  % Increase

  2004

  $0.35 with $1.05 min.

  –

  2005

  $0.40 with $1.20 min

  14%

  2006

  $0.50 with $1.50 min.

  25%

  2007

  $0.55 with $1.65 min.

  10%

  2008

  $0.60 with $1.80 min.

  9%

  2009

  $0.65 with $1.95 min.

  8%

  2010

  $0.70 with $2.10 min.

  7.5%

  2011

  $0.75 with $2.25 min.

  7%

  2012

  $0.80 with $2.40 min.

  6.7%

  2013

  $0.85 with $2.55 min.

  6.3%

  2014

  $0.90 with $2.70 min.

  5.8%

  2015

  $0.90 with $2.70 min.

  0.0%

  2016

  $0.95 with $2.90 min.

  5.5%

  2017

  $0.95 with $2.90 min.

  0.0%

  2018

  $0.95 with $2.90 min.

  0.0%

  2019

  $0.95 with $2.90 min.

  0.0%

  2020

  $1.05 with $3.15 min.

  10.5%

  2021

  $1.15 with $3.45 min.

  9.5%

  Total Increase:

  228%

*Rate for $100.00 of coverage, per package.

Shipsurance pricing has not changed with the FedEx increase. In fact, we have lowered our pricing over the years.

Why Should you Insure with Shipsurance?:

  • Low coverage rates. Often 90% less than FedEx Declared Value Coverage.
  • Broader coverage. You do not have to keep track of what FedEx, UPS, USPS, etc will or will not cover.
  • Rapid, FAIR, and paperless claims process.
  • Insurance integrated with most major shipping systems.
  • Friendly customer service. If you have a claim, you will be dealing with one claims representative and not passed around to restate the issue.

 

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