Travel Insurance Premium Calculator

Travel insurance typically costs 4% to 10% of the total prepaid, non-refundable trip cost. For a $5,000 trip, a policy might cost $200 to $500. The premium varies based on trip length, traveller age, coverage level (basic vs comprehensive vs cancel-for-any-reason), and pre-existing medical conditions. Older travellers and longer trips cost more to insure.

Standard travel insurance typically covers: trip cancellation and interruption (reimbursement for prepaid costs if you cancel for a covered reason), emergency medical expenses abroad, emergency medical evacuation (which can cost $50,000 to $200,000 without insurance), lost or delayed baggage, and travel delay. Cancel-for-any-reason (CFAR) policies provide the broadest cancellation coverage but cost 40% to 60% more than standard policies.

Travel insurance is generally worth purchasing for: international trips where your domestic health insurance provides no or limited coverage, trips with significant non-refundable prepaid costs, travel to destinations with high medical costs (such as the US if travelling in), cruises, and adventure travel with evacuation risks. For fully refundable domestic trips, the value proposition is lower.

CFAR is an optional upgrade that allows you to cancel your trip for any reason not otherwise covered by standard policy terms and receive a partial refund of prepaid costs (typically 50% to 75%). CFAR must usually be purchased within 14 to 21 days of the initial trip deposit and typically adds 40% to 60% to the base premium.

Yes. Travel insurance premiums increase significantly with age, particularly for medical coverage components. Travellers aged 60 to 69 may pay 2 to 3 times the premium of a 30-year-old for the same trip, and travellers aged 70 and above may pay 4 to 6 times more. Medical evacuation coverage is the primary driver of age-related premium increases.