Travel Insurance Calculator — By Trip Cost & Duration
Estimated Premium
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% of Trip Cost
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Coverage Includes
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Understanding Travel Insurance Costs
Travel insurance typically costs 4-10% of your total trip cost. Basic domestic coverage is around 4-5%, international coverage 5-7%, and adventure or high-risk destination coverage 7-10%. Older travelers pay 20-50% more.
Standard coverage includes trip cancellation/interruption (reimburses prepaid costs), emergency medical expenses, medical evacuation, baggage loss/delay, and travel delay. Cancel-for-any-reason (CFAR) upgrades add 40-50% to the premium.
Travel insurance is most valuable for expensive international trips, cruises, guided tours, and travel to remote areas. It is particularly important when traveling to countries with high medical costs or limited healthcare infrastructure.
Frequently Asked Questions
When should I buy travel insurance?
Buy it soon after making your first trip payment to maximize cancellation coverage. Most policies require purchase within 14-21 days of initial deposit for pre-existing condition waivers and CFAR eligibility.
Does travel insurance cover COVID?
Most current policies cover COVID-19 like any other illness for medical expenses and trip cancellation. However, coverage for fear of travel or government advisories varies. Read the policy carefully.
Is travel insurance worth it?
For trips costing $5,000+, international travel, or trips with non-refundable components, insurance is generally worth the 4-8% cost. For cheap domestic trips, it is less necessary unless you have specific concerns.