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The Average Cost for Medical Malpractice Insurance

Malpractice insurance premiums range depending on the specialty. (Image: shironosov/iStock/Getty Images)

Medical malpractice insurance covers a practitioner against claims of negligence and unprofessional conduct. A practitioner’s specialty area is the main cost driver of medical malpractice insurance, which can range from $4,000 to $20,000 annually. Geographical location and claims history also play a factor in premium rates.

Average by Specialty

The main driver of medical malpractice cost is the practice area. Doctors in internal medicine pay an average of $4,000 to $6,000 annually for medical malpractice insurance, according to the InsuranceQnA website. Surgeons pay an average of $10,000 to $15,000 in annual premiums. Specialty physicians like OB/GYNS can expect to pay annual premiums between $15,000 and $20,000.

Other Factors

Location and claims history also affect premium rates. States with a higher rate of malpractice lawsuits, and states that require heftier insurance plans, will cost more to practice in. California, Florida, and Nevada tend to have higher malpractice insurance premium costs compared to the rest of the nation. A practitioner’s own history of malpractice claims will also affect premiums. The more claims and lawsuits levied against the practitioner, the higher the premiums will be.


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