Believe it or not, a casket can be one of the biggest expenses when it comes to a funeral. While many people assume the plot or services to be the most expensive cost, the casket can actually end up being the most expensive part of the entire bill. However, the question may not be so much whether or not a casket is expensive, but rather how expensive.
Of course, as you may have guessed, casket costs can vary greatly. While you’ll find average costs ranging from around $2,000 upwards to $10,000 this is by no means definitive. The total amount you could end up paying out of pocket can depend on everything from casket materials to your final expense insurance coverage, so there’s no simple answer here.
However, there are a few basic price points to consider that can help you better gauge your potential expenses when it comes to casket costs.
Price Points To Consider
While casket prices can vary, there is some good news; there are plenty of options available at your disposal.
Material & style
Today, there are a wide variety of casket materials to select from, some of the most common materials include;
Wood: Often constructed from hardwoods such as elm or oak, wooden caskets are typically hand sculpted and formed. In addition, many come equipped with a sheer gloss, giving the wood a shiny and pleasant appearance. You’ll find that many wooden caskets are often advertised as protected or sealant secured. However, this makes little difference in terms of inevitable decay.
Metal: Metal is a popular choice and for good reason, the options are almost limitless. Constructed from bronze, stainless steel, or even copper, metal caskets are priced depending on their weight per square foot along with their overall thickness. Depending on the type of metal utilized, prices will fluctuate.
Fiberglass: Fiberglass caskets are often thought to be the most inexpensive option along with the lightest option. Often used for infant services, but available in every size, fiberglass caskets are beginning to become a more popular choice.
Who you’re purchasing from
Did you know that a funeral home is not the only place where a casket can be purchased from? While a casket can certainly be purchased from a funeral home, it is no longer the only option.
Independent Retailer: In some states only licensed funeral establishments are able to sell caskets. However, this does not tend to be the case from most states. In fact, today there are a number of independent casket retailers. Often offering significant savings, independent retailers have become a viable option.
Online Retailer: Is there anything you can’t buy online today? Many online casket retailers are able to ship directly anywhere within the United States. Providing convenience and big savings, online retailers are quickly increasing. However, not all online retailers are authorized or credible, so never purchased from an unauthorized or untrustworthy merchant.
Funeral Home: While there are may be numerous independent retailers, funeral homes are still one of the most common choices for many casket purchasers. Packages and pricings for caskets vary by location; however keep in mind that funeral homes must provide a pricing list before showing you any physical products. Also, keep in mind that some funeral homes will price-match online retailers, so be sure to ask before making any final decisions.
The Final Verdict
To put things in perspective, realistically, you’re looking between $2,000-10,000 for a casket. Seem a little steep? Many people are surprised to find out just how much a casket actually costs.
As you can imagine, dealing with these unexpected costs can be overwhelming. Unless you’re prepared for these expenses in advance, they can feel massive. While there are options such as cremation that can lower your costs, you should be aware that it’s not the only option.
In fact, final expense life insurance can help you and your loved ones save tremendously when it comes to covering end of life costs. After all, preparing for a funeral is exhausting and a difficult burden for anyone to bear. Final expense life insurance can help offset some of these hefty final costs and worries for your loved ones.
While whole life insurance may offer some coverage for casket costs, a final expense insurance policy provides superior coverage. A simple policy can help offset thousands.
Want to find out if final expense life insurance is worthwhile for your needs? If so, be sure to use this handy calculator to estimate your potential costs and coverage.