Travel Insurance Calculator

Estimate your trip insurance premium based on destination, trip cost, traveler age, trip length, and coverage type.

How This Calculator Works

  1. Enter your trip details: Total trip cost, number of travelers, and destination are the primary rating inputs. International trips cost more than domestic; longer trips cost more than short ones.
  2. Choose your coverage type: Basic covers just trip cancellation. Standard adds medical. Comprehensive adds evacuation, baggage, and more. CFAR (Cancel For Any Reason) adds 50% to the premium but offers maximum flexibility.
  3. Get your premium estimate: We calculate a base rate of 5.5% of total trip cost, then multiply by age, destination, length, and coverage factors to return a realistic range.

Estimate Formula

Trip Premium  =  Total Trip Cost x travelers x 5.5% (base rate)
                  x  Traveler age          (Under 30: 0.80 / 30-49: 1.0 / 50-64: 1.25 / 65-74: 1.60 / 75+: 2.10)
                  x  Destination           (Domestic: 0.60 / Canada/Mexico: 0.75 / Europe: 1.0 / Asia: 1.10 / Africa/Middle East: 1.30)
                  x  Trip length           (1-5 days: 0.75 / 6-10 days: 1.0 / 11-15 days: 1.20 / 22+ days: 1.55)
                  x  Coverage type         (Basic: 0.65 / Standard: 1.0 / Comprehensive: 1.35 / Annual Multi-Trip: 0.85)
                  x  Cancel For Any Reason (+50% if selected)
                  +  Pre-existing conditions waiver (+2% of trip cost)
                  +  Adventure sports rider (+1.5% of trip cost)

Range = Estimate x 0.85  to  Estimate x 1.15  (minimum $15)

Frequently Asked Questions

What does travel insurance cover?

Standard travel insurance covers trip cancellation, medical emergencies abroad, emergency evacuation, baggage loss, and travel delays.

When should I buy travel insurance?

Buy as soon as you book. Some benefits require purchase within 10-21 days of your initial deposit.

What is Cancel For Any Reason coverage?

CFAR lets you cancel for any reason and receive 50-75% back. It adds 40-60% to your premium.

Does my credit card provide travel insurance?

Many premium cards include some protections, but standalone policies typically provide more comprehensive coverage.

How much does travel insurance cost?

Travel insurance typically costs 4-8% of your total trip cost.

The Inputs, Field by Field

Trip cost and length. Travel insurance is priced largely on the total prepaid, non-refundable trip cost and the number of days, since both set how much the insurer could owe. A longer, pricier trip costs more to cover.

Traveler age and destination. Older travelers and higher-risk or higher-cost destinations raise the premium, mainly through the medical portion of the coverage.

Coverage type. Basic trip-cancellation costs less than comprehensive plans that add medical, evacuation, and baggage. Choose based on the risks that matter for your trip.

How to Read Your Estimate

Travel insurance typically runs a single-digit percentage of your trip cost, so the range is best read as a share of what you have prepaid. The low end reflects a short, inexpensive domestic trip for a younger traveler; the high end reflects a long international trip, an older traveler, or comprehensive coverage. If cancellation is your main worry, a basic plan may suffice; for medical protection abroad, comprehensive is usually worth the higher end.

Assumptions and Limitations

This is an educational estimate, not a quote. It does not price optional upgrades like cancel-for-any-reason coverage or pre-existing-condition waivers, which have time-sensitive purchase windows. Coverage terms and exclusions vary widely by plan. Compare real quotes and read the certificate of coverage before buying.

More Frequently Asked Questions

What does travel insurance cover?

Depending on the plan, it can cover trip cancellation, interruption, emergency medical care, evacuation, and lost baggage. Comprehensive plans bundle these together.

Does my health insurance work abroad?

Often not, or only minimally. Travel medical coverage and emergency evacuation can be the most valuable parts of a policy for international trips.

What is "cancel for any reason"?

An optional upgrade that lets you cancel for reasons a standard policy would not cover, reimbursing a portion of your cost. It must usually be purchased soon after booking.

When should I buy travel insurance?

Buy soon after making your first trip payment. Early purchase preserves access to time-sensitive benefits like pre-existing-condition waivers and cancel-for-any-reason upgrades.

Does it cover COVID or other illness?

Many current plans cover trip cancellation and medical care for covered illnesses, but terms vary. Read the certificate of coverage so you know exactly what qualifies before you rely on it.

Related Calculators and Guides

Interpret a quote with reading a travel insurance estimate, learn the essentials in our travel insurance guide, and if you ever need to use it, see how to file an insurance claim.

About This Estimate

Premium estimates are based on 2026 travel insurance industry rate data from major carriers, calculated as a percentage of total trip cost adjusted for traveler age, trip duration, destination risk tier, coverage type, and Cancel For Any Reason upgrade. Data sourced from Squaremouth and InsureMyTrip published rate ranges. Rates reviewed June 2026.

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