The average burst pipe water damage repair cost is $15,000. Burst pipe water damage repair costs ranged from $5,000 to $50,000 in 2018-2019. One of the main costs to consider when dealing with a broken pipe is water damage. Due to flooding and leaks in your walls, ceiling, floor, or basement, you can expect to pay anywhere from $5,000-$50,000. The average insurance claim for a broken pipe and water damage is about $15,000 and up if you have a broken water pipe in wall or floors. While the cost to repair leaking pipe in ceilings is comparable. Your homeowners insurance should cover a majority of the water damage costs, but may not pay to repair the broken pipe. Factors such as location, severity of the break, and level of internal damage can affect how much you will pay.