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
In general, you should expect a plan will cost anywhere from 4%-10% of your total pre-paid, nonrefundable trip cost. For example, if you purchased a trip with a total cost of $5,000, travel insurance policies available to you will likely range in price from $250-$500, depending on variables.
How to quote travel insurance? ›
In general, a comprehensive policy with Trip Cancellation typically costs between 5% and 10% of the total trip cost. The cost of a policy depends on four primary factors: trip cost, traveler age, trip length, and coverage amounts.
Who is the best and cheapest travel insurance? ›
How We Chose the Cheapest Travel Insurance Companies
| Company | BBB Rating | Cheapest Plan |
|---|
| Travelex Compare Plans | A+ | Travel basic |
| Seven Corners Travel Insurance Compare Plans | A+ | Trip Protection Basic |
| Generali Global Assistance Compare Plans | A+ | Standard Plan |
| AIG Travel Guard Compare Plans | A+ | Essential |
3 more rows5 days ago
All travel insurance plans that provide trip-cancellation and trip-interruption coverage base the price primarily on the trip cost and other factors such as age, trip length, etc. It is imperative to calculate the total trip cost for travel insurance accurately to get the most benefits from your coverage.
Does travel insurance get more expensive closer to the trip? ›
Unlike other aspects of your travel experience like airfares or hotel-room rates, the price of travel insurance doesn't increase the closer you get to your travel date. There's no financial penalty if you wait to buy travel insurance (except for those bonus coverages, of course).
What does travel insurance not cover? ›
Travelling against medical advice or to get medical treatment. If your doctor says it's not safe for you to travel, then you won't be covered. Similarly, if you go abroad to get planned treatment, sometimes called 'medical tourism', a standard policy will not cover this – you'll need specialist insurance instead.
Who gives the best travel insurance? ›
The best travel insurance
- Santander. Times Money Mentor award winning cover. ...
- Saga. Best for over-50s. ...
- Post Office. Best for those with pre-existing medical conditions. ...
- Aviva. Best for those wanting substantial medical cover. ...
- LV= Best for a range of unique add-ons. ...
- Switched On. ...
- Just Travel Cover* ...
- InsureandGo*
Top 9 Best Senior Travel Insurance Companies of 2024
- Faye: Our top pick for seniors.
- Travelex: Our pick for families.
- Berkshire Hathaway Travel Protection: Our pick for luxury travelers.
- Nationwide Travel Insurance: Our pick for cruise travel.
- Generali Global Assistance: Our pick for emergency assistance.
The Best International Travel Insurance Providers in Detail
- Faye. Our Top Pick. ...
- Travelex. Our pick for families. ...
- Nationwide Travel Insurance. Our pick for most coverage reimbursed. ...
- Tin Leg. Our pick for customizable coverage. ...
- Berkshire Hathaway Travel Protection. ...
- Seven Corners Travel Insurance. ...
- AIG Travel Guard.
Of the 10 largest car insurance companies, only Geico and USAA are cheaper than Travelers, on average.
When to buy travel insurance can depend on the trip or trips you're taking and the kind of policy you choose to suit them. Usually, though, it's best to get cover in place for your holiday as soon as you've booked or made a financial commitment to it.
Does travel insurance cover 100%? ›
If all conditions are met, most of the policies will reimburse you 50% to 75% of your trip costs, unless otherwise noted.
Is Allianz travel insurance good? ›
Allianz is a popular choice among business travelers due to its AllTrips Executive travel insurance policy with coverage for lost, stolen or damaged business equipment and rental car insurance. Earning 4.1 out of 5 stars, our expert reviewers think Allianz is a great choice for international travel insurance.
Does AARP offer international travel insurance? ›
While there are no AARP travel insurance products or discounts available for seniors, members can use the AARP website for trips and tricks on how to plan for international travel and information regarding how to choose the right insurance plan for older travelers.
Is 100000 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.
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 does total trip cost mean for travel insurance? ›
Trip cost includes the total non-refundable and pre-paid trip expenses that are purchased for a vacation. Examples of trip cost include airline tickets, lodging deposits, excursion deposits, etc.
