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

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

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    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 2016 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

    warning Finally, some good news! Domestic travel is picking up, so some insurers have started offering cover again 🦘
    Just remember, you won't be covered for any pandemic related claims if you do take out domestic travel insurance.
    International travel insurance is limited and sometimes unavailable at this point.

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