What Affects Travel Insurance Costs?

Key factors that affect travel insurance cost are your trip cost, age and how much coverage you buy.

• Trip cost: The more trip cost you insure, the higher your travel insurance cost. Your trip cost includes any prepaid, nonrefundable expenses, such as airfare, hotel accommodations, tours, event tickets, excursions and theme park passes.
• Age: Your age is also taken into account in travel insurance pricing. That’s because older travelers tend to make more claims, such as medical claims.
• Coverage: The more protection you buy, the more you’ll pay for travel insurance. For instance, if you opt for a “cancel for any reason”  upgrade and generous travel medical expense coverage, you’ll pay more.

Your destination, trip length and prior travel insurance claims history generally don’t influence how much you pay for travel insurance.