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The Cost of Penile Implant Surgery. Depending on your geographical region, your choice of surgeon, implant type and placement, the average cost of penile implant surgery is between $10,000 and $20,000; this procedure may be covered by insurance.Financing is available.enile implants are just one of several options for impotence treatment and should be considered after other options have failed; such as Viagra, pumps and injection therapy. Penile implants are available in two types; semi-rigid and inflatable.
1 On average, the surgery procedure can cost anywhere from $3,000 to $10,000. 2  Additional fees may apply that are listed below. 3  A custom implant is going to cost more than a standard implant.4  If deemed medically necessary, a medical insurance provider may cover parts of the procedure depending on the policy. Because of this, local anesthesia rates may apply. 2  This can cost $300 to $1,100 extra. 3  Hospital and doctor fees may be extra on top of the surgery fee. 4  While a consultation is free with many plastic surgeons, some may require that an initial exam is done.