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Travel Insurance Cost Calculator
Estimate travel insurance costs with trip cancellation, medical, and CFAR coverage based on trip cost, age, destination, and duration.
$
Total Estimated Premium⧉
$330.00
5.5% of trip cost
Standard Coverage⧉
$330.00
Planning notes, formulas, and examples
About the Travel Insurance Cost Calculator
Travel insurance protects your financial investment and health when traveling domestically or internationally. Coverage typically includes trip cancellation, trip interruption, emergency medical, medical evacuation, lost baggage, and travel delay. Cancel For Any Reason (CFAR) coverage is available as an upgrade for maximum flexibility.
This calculator estimates travel insurance costs based on your trip cost, traveler age, destination, and trip duration. Standard coverage typically costs 4-8% of trip cost, while CFAR coverage adds 40-50% to the premium.
This is an educational estimate only. Travel insurance costs vary by carrier, health conditions, and specific coverage options. Compare plans from multiple carriers before purchasing.
When This Page Helps
A $5,000 trip with no insurance means $5,000 at risk from illness, weather, or unexpected cancellations. Travel insurance costing $250-500 protects that entire investment. Medical coverage is essential for international travel, where your domestic health insurance may not apply.
How to Use the Inputs
- Enter your total trip cost (flights, hotels, tours, deposits).
- Enter the primary traveler's age.
- Select your destination type.
- Enter the trip duration in days.
- Optionally add CFAR coverage.
- Review your estimated premium.
Formula used
Base Rate = Trip Cost × 5%
Age Factor: Under 35 = 0.8, 35-54 = 1.0, 55-64 = 1.3, 65-74 = 1.6, 75+ = 2.0
Destination Factor: Domestic 0.8, International 1.0, High-Risk 1.4
Duration Factor: ≤7 days = 1.0, 8-14 = 1.1, 15-30 = 1.25, 31+ = 1.5
Premium = Base Rate × Age × Destination × Duration
CFAR: +45% of premiumExample Calculation
Result: $478
Base: $6,000 × 5% = $300. Age (45, factor 1.0): $300. Destination (intl, factor 1.0): $300. Duration (10 days, factor 1.1): $330. CFAR (+45%): $330 × 1.45 = $478.
Tips & Best Practices
- Buy travel insurance within 14-21 days of your first deposit to qualify for pre-existing condition waivers.
- CFAR coverage must usually be purchased within 14-21 days of initial trip payment.
- International travelers should ensure at least $100,000 in emergency medical coverage.
- Medical evacuation coverage is essential for adventure travel and remote destinations.
- Some credit cards offer trip cancellation protection — check your card benefits before purchasing.
- This is an educational estimate — compare plans on aggregator sites for the best value.
Types of Travel Insurance Coverage
Trip cancellation reimburses non-refundable costs if you must cancel for a covered reason. Emergency medical covers treatment abroad. Medical evacuation covers transport to the nearest adequate facility. Baggage coverage replaces lost or stolen items.
Special Considerations for International Travel
Most U.S. health insurance plans don't cover medical expenses abroad. Medicare provides no international coverage at all. Emergency medical and evacuation coverage is essential for international travelers, especially those visiting developing countries or engaging in adventure activities.
Making the Most of Travel Insurance
Document everything — keep receipts, get written confirmation of cancellation reasons, and file claims promptly. Many policies have claim filing deadlines of 60-90 days after the incident.
Sources & Methodology
Last updated:
Frequently Asked Questions
Standard coverage includes trip cancellation, trip interruption, emergency medical, medical evacuation, lost/delayed baggage, and travel delay. CFAR coverage allows cancellation for any reason with partial reimbursement (typically 75%).
Travel insurance typically costs 4-8% of your total trip cost. Factors that increase cost include older age, high-risk destinations, longer trips, and CFAR coverage. A $5,000 trip might cost $200-400 to insure.
CFAR is a premium upgrade that lets you cancel your trip for any reason not covered by standard policies (like fear of travel, schedule changes, or personal preference). It typically reimburses 75% of your non-refundable costs and adds 40-50% to the premium.
Most travel insurance now covers COVID-related trip cancellation (if you test positive before departure) and emergency medical treatment abroad. Check specific policy terms, as coverage varies by carrier.
Buy travel insurance within 14-21 days of your first trip payment. This timing window often qualifies you for pre-existing condition waivers and CFAR eligibility. Waiting too long limits your coverage options.
Domestic travel insurance is less essential than international but still valuable for expensive trips. It covers trip cancellation, travel delays, and lost baggage. Your domestic health insurance usually covers medical needs within the country.
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