Santa

How much would it cost Santa to take out travel insurance?

How much is Santa Claus's sack really worth and how much would it cost to cover?

He's made his list. He's checked it twice. He knows who's been naughty and nice. It's almost time for Santa to come to town.

The 2015 Naughty or Nice list is awfully long, consisting of roughly 1,662,505,456 names. That is a lot of baggage for Santa to be lugging around. Lucky for him there are no checked baggage restrictions on his sleigh and no fuel surcharges as reindeer run on green energy (well, carrots are orange but that's close enough).

Have you ever wondered how much all that loot in Santa's sack would be worth? We did, so we calculated it.The cost of bringing toys to those 1.6 billion odd tots would cost him $56,936,530,266.

How did we work this out?

Presuming Santa spends about the same per child as parents of a particular country, finder.com.au calculated the equivalent cost per child in all the countries in the world using the consumer price index as a guide. We combined this with population data from the UN to find the number of children under 14 and used these figures to calculate the total cost of providing toys to every child in every country.

Cost breakdowns

10 most expensive countries for Santa

CountryConsumer Price IndexCost per child AUChildren Under 14Total gifts cost
China46.83$37.78237,115,256$8,958,967,577
India24.85$20.05377,426,895$7,567,170,981
United States73.38$59.2060,977,215$3,610,103,076
Nigeria48.79$39.3680,149,125$3,155,033,052
Indonesia35.88$28.9571,325,569$2,064,771,462
Brazil46.71$37.6947,862,393$1,803,759,309
Ethiopia48.02$38.7441,187,753$1,595,748,942
Pakistan27.77$22.4166,142,292$1,481,935,937
Bangladesh36.76$29.6647,408,346$1,406,062,469
Mexico38.07$30.7235,063,659$1,076,996,819

10 least expensive countries for Santa to take gifts

CountryConsumer Price IndexCost per child AUChildren Under 14Total gifts cost
United States Virgin Islands93.41$75.3621,642$1,631,042
Malta61.79$49.8560,423$3,012,276
Montenegro40.36$32.56116,739$3,801,381
Maldives58.74$47.3999,928$4,735,823
Brunei60.4$48.7397,791$4,765,518
Iceland95.41$76.9866,938$5,152,772
Belize62.76$50.64116,604$5,904,331
Luxembourg80.81$65.2093,197$6,076,330
Estonia52.49$42.35211,162$8,942,659
Macedonia31.66$25.54352,362$9,000,659

10 most expensive per child cost

CountryConsumer Price IndexCost per child AUChildren Under 14Total gifts cost
Switzerland124.51$100.461,226,157$123,175,582
Norway109.3$88.18936,335$82,570,655
Iceland95.41$76.9866,938$5,152,772
United States Virgin Islands93.41$75.3621,642$1,631,042
Australia89.5$72.214,481,740$323,626,445
Denmark88.31$71.25956,998$68,186,002
Singapore88.12$71.10870,987$61,924,209
United Kingdom86.68$69.9311,502,731$804,440,961
Papua New Guinea86.55$69.832,829,983$197,617,413
Kuwait85.63$69.09868,880$60,028,854

10 least expensive per child cost

CountryConsumer Price IndexCost per child AUChildren Under 14Total gifts cost
Albania33.86$27.32537,224$14,676,303
Macedonia31.66$25.54352,362$9,000,659
Tunisia31.15$25.132,628,463$66,059,340
Ukraine30.75$24.816,691,120$166,003,884
Georgia30.37$24.50693,066$16,982,190
Algeria28.55$23.0311,320,313$260,758,730
Pakistan27.77$22.4166,142,292$1,481,935,937
Nepal27.53$22.219,313,746$206,873,523
Moldova27.43$22.13640,176$14,167,705
India24.85$20.05377,426,895$7,567,170,981

How much would it cost to insure Santa?

Santa may have special abilities but even he cannot escape the unforeseen. As he is a cautious fellow, we thought we'd help him out and calculate how much it'd cost to protect his wares. The cost to insure Santa's sack would come to roughly $578,475,147. For that amount of money, Santa could buy:

  • Larry Ellison's $500 million Hawaiian Island, as well as Greg Norman’s “Aussie Rules” yacht ($70 million) to get there
  • 15 1962 Ferrari 250 GTOs (the world's most expensive car at $38,115,000)
  • The world's most expensive diamond and have change. The Cullian Diamond is 3,106,75 carats and worth $400 million

How did we work out the cost of Santa's travel insurance?

  • Total value of gifts: $56,936,530,266
  • Insurance policy required for every: $7,500
  • Insurance policies required: 7,591,537
  • Cost per policy: $85.80 (snow), $66.90 (no snow)
  • Total cost to insure: $578,475,147

Find out how much a travel insurance policy will cost your for your Christmas travel

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Richard Laycock

Richard is the senior insurance writer at finder.com.au and is on a mission to make insurance easier to understand.

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