If you’re asking yourself, “how much is travel insurance?”, then you’ve come to the right place. To give you an idea of what travel insurance might cost relative to your trip, we’ve put together some highlights for you. Read on to learn more about how much travel insurance costs, what travel insurance can do for you and decide for yourself if the price is worth it.
Also read:Is Travel InsuranceWorthIt? 3 Examples WhereitPays Off
How We Calculate Your Travel Insurance Price
When you enter your information into our quote form, have you wondered what happens behind the scenes to get you the right price for travel insurance?
It’s simple to get a quote to insure your trip. You only need to answer a handful of questions and an instant later we give you custom prices for your trip and the choice between three plans with different levels of protection. You can get the quote in an instant, but in the background we’re crunching numbers to make sure you get an accurate price for the coverage you need.
We’ve found the sweet spot to ask you the right questions to offer you the best price we can, while making the quote form easy to fill out. Consider this when shopping around: If a company is asking you too few questions, they may not be able to find the most accurate price for your travel situation.
Find out more about the factors that affect the price of a travel insurance quote
Why the different costs? Coverage differences between plans
Before choosing a travel insurance plan, here’s a snapshot of some of the coverage differences for each plan:
•Medical and Dental coveragereimburses you for necessary medical, surgical and emergency dental care costs if you get sick or accidentally injured while on your covered trip. Coverage is in excess of your standard coverage, except where prohibited. It’s included in all three plans but the per person limits vary from $50,000 for Standard to $150,000 for Preferred and $250,000 for Premium.
• Trip Interruption is one of the most common reasons for making a travel insurance claim.Trip Interruption coverageprovides reimbursem*nt for unused, non-refundable, pre-paid trip costs if your trip is interrupted due to a covered event. Also, it provides reimbursem*nt for additional transportation costs to return home or rejoin your group. Benefit limits vary by plan: 125% for Standard, 150% for Preferred and 175% for Premium.
Find out why you shouldn't just buy the cheapest travel insurance
• If you’re traveling with sports gear, then Sport Equipment Coverage is for you. It provides coverage for lost, stolen or damaged sporting equipment and is available with the Preferred plan up to $300 per person and Premium plan up to $500 per person, but not available in the Standard plan.
• If you have aPre-existing medical condition, you could still have coverage, but only through thePremium plan. See if you meet the requirements and read the sampleDescription of Coverage or Policyfor full details. Also, the Premium plan must be purchased prior to or within 24 hours of final trip payment.
Learn more about travel insurance:
•What is Travel Insurance?
•Travel Insurance Comparison: How to Choose the Right Plan
•Top 5 Reasons to Get Travel Insurance
For a relatively small amount of the total trip cost, you can purchase travel insurance that can help protect against common mishaps like Trip Interruption, Trip Cancellation and Trip Delay. Costs can add up quickly for emergency medical care or events like a cancelled flight due to adverse weather or lost or stolen baggage. As a general rule of thumb, if you’re investing more in your vacation than you can afford to lose, then consider travel insurance from a reputable provider such as Generali Global Assistance.
If you’re still asking yourself, “how much does travel insurance cost?”, then you can get right to the point—plug your trip details into our Get a Quote page and find out exactly how much travel insurance will cost for your trip. And, if you need help buying travel insurance online, check out our Step-by-Step Purchase Guide.
*Actual travel insurance cost will vary depending on trip details.
FAQs
According to our research, the average cost of travel insurance is $204, but you could pay anywhere between $14 and $765 for travel insurance. Solo travelers can expect to pay around $60-$100 for coverage. Travel insurance provides a range of protection before and during your trip.
How to calculate total trip cost travel insurance? ›
To arrive at the total trip cost, you should add all prepaid, nonrefundable expenses such as the following:
- All nonrefundable payments, including advance deposits toward your trip, such as for cruise, airfare, etc.
- Prearranged and prepaid ground transportation such as to/from the airport, resort, hotel, etc.
How much travel medical insurance do you need? Squaremouth, a travel insurance comparison site, recommends buying at least $50,000 in emergency medical coverage for international travel. For travelers going on a cruise or to a remote destination, the site recommends at least $100,000 in coverage.
What is the best travel insurance to buy? ›
The Best Travel Insurance Companies
- AXA Assistance USA – Best for Baggage.
- Generali Global Assistance – Great for Pre-Existing Medical Condition Coverage.
- Travelex – Best for Families.
- HTH Worldwide Travel Insurance – Best for Trip Interruption.
- Nationwide – Great for Cruise Itinerary Change/Inconvenience.
In general, you can buy coverage any time before the date of your trip. That said, it's always best to buy coverage as soon as you make your reservations.
What is the cost of travel insurance for seniors? ›
Compare The Best Travel Insurance Companies for Seniors
| Company | Recommended Plan | Average Cost* |
|---|
| Faye EXPLORE PLANS | Travel Protection Plan | $337 |
| Travelex EXPLORE PLANS | Travel Select | $585 |
| Nationwide Travel Insurance EXPLORE PLANS | Luxury Cruise | $407 |
| Generali Global Assistance EXPLORE PLANS | Premium | $298 |
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Your travel insurance should always include the following cover: medical expenses and cover for getting you home if you're injured or fall ill abroad. personal injury and cover for accidents or damage caused by you. cover for lost or damaged items.
Does travel insurance cover 100%? ›
Average Costs for “Cancel for any Reason” Travel Insurance
Trip cancellation insurance is included in comprehensive travel insurance plans. It will reimburse 100% of the non-refundable money you lose if you cancel your trip for a reason listed in the policy.
Does travel insurance cost increase closer to departure date? ›
Unlike airfare or hotels, travel insurance premiums do not typically increase as you get closer to your departure date. While the cost of some plans may change slightly, quotes will stay relatively stable leading up to your trip.
Is $50,000 enough for travel insurance? ›
Every plan is different, but the coverage amounts and benefits may vary. Determine how much you really need. For example, SquareMouth recommends international travelers get around $50,000 in Emergency Medical coverage and $100,000 for cruises or travel to remote areas.
The short answer: Yes. According to Medicare.gov, health care you get while traveling outside the U.S. isn't covered. There are a few rare exceptions.
How much travel insurance do I need for Europe? ›
A comprehensive travel policy with at least $50,000 in medical coverage is recommended when traveling to Europe or any country where you don't have health insurance. Travel medical insurance will cover expenses related to an unexpected injury or illness.
What are two disadvantages travel insurance? ›
The more costly your trip, the more your provider will need to reimburse you for a valid claim, which increases the cost of your policy. In addition, plan costs will generally increase with age, as younger travelers may be less likely to file a claim than senior travelers based on overall health.
Who is cheaper than travelers insurance? ›
USAA, Nationwide, Travelers, Erie, Geico and Progressive are the cheapest car insurance companies nationwide, according to our analysis.
Is it better to buy travel insurance early or late? ›
We suggest you buy a travel protection plan as soon as possible. We suggest you buy a travel protection plan as soon as possible. Here's why: That way you maximize your coverage period in case you need to cancel your trip. All sorts of things can impact your travel plans and force you to cancel your trip.
What is the most common type of travel insurance? ›
Comprehensive plans, also referred to as cancellation policies, is the most popular type of travel insurance. Roughly 65% of all policies sold through Squaremouth are considered comprehensive.
What does travel insurance not cover? ›
Medical Tourism, Medical Exclusions
Don't look to travel insurance for help with the hospital bills or aftercare. Medical tourism is a common exclusion. Elective procedures, mental health care, routine physicals and exams and physical exams are also usually not covered by travel medical insurance.
How much is travel medical insurance to Europe? ›
On average, travel insurance costs for a US citizens can range from $50 to $200 for a week-long trip, which is between 5% to 8% of the trip cost. It is recommended to compare US citizens travel insurance quotes from different insurance providers on American Visitor Insurance.
