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?

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, 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
United States73.38$59.2060,977,215$3,610,103,076

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

10 most expensive per child cost

CountryConsumer Price IndexCost per child AUChildren Under 14Total gifts cost
United States Virgin Islands93.41$75.3621,642$1,631,042
United Kingdom86.68$69.9311,502,731$804,440,961
Papua New Guinea86.55$69.832,829,983$197,617,413

10 least expensive per child cost

CountryConsumer Price IndexCost per child AUChildren Under 14Total gifts cost

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 Insurance Editor at finder, and has been wrangling insurance Product Disclosure Statements for the last 4 years. When he’s not helping Aussies make sense of the fine print, he can be found testing the quality of Aperol Spritzes in his new found home of New York. Richard studied Journalism at Macquarie University and The Missouri School of Journalism, and has a Tier 1 certification in General Advice for Life Insurance. He has also been published in CSO Australia and Dynamic Business.

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