WooCommerce Product Insurance and Dynamic Extra Fee per product!

More and more stores cross-sell insurance for the products they offer. It is a very good idea as it can provide you with an additional profit. Insurance companies split profits with the middlemen, which in this case, are the stores. Become one of them! Learn how to let customers buy product insurance with a dynamic extra fee on the WooCommerce product page!

Selling insurance as a separate product may not be intuitive for your customers.

Today, I will show you how to use a WooCommerce plugin to sell insurance with an additional extra fee per product! Let's begin!

Table of contents

• How to add WooCommerce product insurance with a plugin
• WooCommerce Product Insurance & Dynamic Extra Fee
• Summary & more about the plugin

How to add WooCommerce product insurance with a plugin

I think the best way to cross-sell insurance is to do so on the product page. You will need the free Flexible Product Add-Ons plugin. Follow the steps below!

1. Install the plugin

   Flexible Product Fields WooCommerce

   Create a product wizard to sell engravings, gift wrapping, gift messages, business cards, stamps and optionally charge for it (fixed or percentage).

   💾 Active Installations: 10,000+ | WordPress Rating:

   Download for free or Go to WordPress.org

   WP Desk

   10,000+ Active Installations

   Last Updated: 2024-11-15

   Works with WooCommerce 8.9 - 9.3
   💡Note that in order to perform all the actions presented in this guide, you will need the PRO version of the plugin.

2. Configure the custom fields

   Once you've installed and activated the plugin, let's configure it.

   Choose Products → Product Fields in your WordPress menu.

   Then you need to add a new field group:

   

3. Choose the product with insurance

   ➡️ You need to specify the product(s) for which a customer will be able to order insurance. This is easy.

   

That's how you can add custom fields for your WooCommerce products!

Let's continue setting the custom fields with the plugin to sell product insurance & charge an extra fee.

WooCommerce Product Insurance & Dynamic Extra Fee

As I said before, I think the best way to cross-sell insurance is to do so on the product page, right before the Add to Cart button. It should not take up too much space on the page. I think that a select field is the best one for this option.

1. Add an extra fee per product

   First, you need to decide about fees per each insurance option🫰🏾. You can do it in the Pricing tab.

   

2. Dynamic fee per product

   ➡️ Let's see the product page:

   

   As you can see, the cost of the insurance extra fee is calculated dynamically based on the new WooCommerce product field configuration:

   • Basic Insurance - £1.75 (5% of the product price)
   • Advanced Insurance - £3.50 (10% of the product price)
   • Ultimate Insurance - £7 (20% of the product price)

   ➡️ You can see the select field with the following prices:

   

3. Customers can choose the insurance options

   🛒 When a customer adds this product to the cart, it looks like this:

   

Summary & more about the plugin

Today, I've shown you how to sell insurance and set a dynamic extra fee per product in WooCommerce with a plugin!

➡️ Are you ready to add WooCommerce product insurance to your store?

Flexible Product Fields FREE →

Now you can make additional profit in your store with custom fields and extra fees 😉

If you have any questions about WooCommerce product insurance, just use the comment section below.

Also, check out our WooCommerce Extra Product Options Guide if you want to learn more use cases for the Flexible Product Fields plugin.