Travel Insurance Cost Calculator

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.

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.

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.

Many policies now cover COVID-19 the same as any other illness (emergency medical care and trip cancellation if you test positive before departure), but coverage for fear of travel, government advisories, or border closures usually is not included unless you buy Cancel For Any Reason. Read the policy's specific pandemic language before you rely on it.

Buy within 10 to 21 days of your first trip deposit. Doing so typically unlocks time-sensitive benefits such as pre-existing-condition waivers and Cancel For Any Reason, which are unavailable if you wait. You can still buy later for basic trip-cancellation and medical coverage, but you forfeit those upgrades.

For a cheap, refundable domestic trip it is often unnecessary because your health insurance already applies and losses are small. It becomes worthwhile when you have large non-refundable prepayments, are traveling during hurricane season, or have health conditions that could force a last-minute cancellation.