Frequently Asked Questions
What's the average cost of travel insurance?
Squaremouth 2024 data: average premium is 5-7% of trip cost. A $5,000 trip typically costs $250-$350 to insure for comprehensive coverage including trip cancellation, medical, and baggage.
What does travel insurance typically cover?
Trip cancellation/interruption (covered reasons), emergency medical and evacuation ($100K+ recommended for international), baggage delay/loss, and travel delay. Medical evacuation alone can cost $50,000-$200,000 from remote locations.
Should I buy CFAR (cancel for any reason)?
CFAR adds 40-60% to premium and only refunds 50-75% of trip cost. Worth it for high-cost non-refundable trips with uncertainty (work travel, international with elderly companions). Must be purchased within 14-21 days of initial trip deposit.
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This calculator provides estimates based on general assumptions. Actual insurance costs and coverage vary by insurer, location, and individual risk factors. Not a quote or binding offer. Contact insurance providers directly for accurate quotes and coverage options.