According to travel agency Squaremouth, the average travel insurance premium is now $278.76, well under the $300 mark.
Travel insurance weekly rates at a glance:Average premium: $278.76Average trip cost: $5,796.50Average trip length: 16 daysAverage cost of travel insurance by most popular destinationsSome countries are naturally more expensive travel destinations due to higher flight and lodging costs, which could ultimately increase your travel insurance costs.
Policy type Average days between purchase to trip Average Trip length (days) Average trip cost Average cost of travel insurance Cancellation 53 13 $5,949.67 $370.15 Non-cancellation 16 21 N/A $96.36Source: SquareMouthAverage cost of travel insurance by ageA traveler's age is a significant factor in determining the cost of travel insurance.
When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency.
Before getting a travel insurance policy, it's essential to make sure that the terms match your needs or concerns.