A travel insurance calculator helps you estimate the cost of trip protection coverage and understand what different policies cover, so you can decide whether travel insurance is worth it for your specific trip.
Disclaimer: Premium estimates are for informational purposes only. Actual premiums depend on your specific plan, provider, and destination. Get quotes from licensed insurance providers for accurate pricing.
Your Trip Details
Total non-refundable prepaid costs (flights, hotels, tours)
Estimated Cost
Premium Breakdown
Coverage Included
Get exact quotes from InsureMyTrip, Squaremouth, TravelGuard, or Allianz Travel Insurance. Prices vary significantly by insurer for the same coverage.
How to Use the Travel Insurance Calculator
This travel insurance calculator estimates the cost of comprehensive travel insurance based on your trip cost, destination, traveler ages, and coverage options.
What to Include in Trip Cost
Enter only non-refundable prepaid costs — flights, non-refundable hotel deposits, cruise fares, tours, and activity bookings. Don't include hotel costs you can cancel for free, or expenses you'd pay out of pocket during the trip (food, entertainment). The insurance covers what you'd lose if you had to cancel before departure or come home early.
Why Destination Matters
International destinations drive up cost primarily because of medical coverage. Evacuating an injured traveler from Europe to the US can cost $50,000–$150,000. Healthcare in Asia and Africa can be expensive and unpredictable. Domestic travel insurance is significantly cheaper because your health insurance already works, and medical costs are more predictable.
Cancel For Any Reason (CFAR)
Standard trip cancellation only covers specific covered reasons (illness, death in family, jury duty, weather). CFAR lets you cancel for literally any reason — got cold feet, family situation changed, worried about political situation — and get back 50-75% of non-refundable costs. It adds 40-60% to your premium and must be purchased within 10-21 days of your first trip deposit.
When Travel Insurance Is Worth It
Travel insurance provides the most value for: expensive non-refundable trips over $3,000, travelers over 60 with higher medical risk, international trips to regions with expensive healthcare or evacuation costs, cruises (strict cancellation penalties), and trips with uncertain health situations or travel plans. For short domestic trips with mostly refundable bookings, skip it.
FAQ
How much does travel insurance cost?
Travel insurance typically costs 4-8% of your total trip cost. A $5,000 trip would cost $200-$400 to insure. Factors that increase cost: traveler age over 60, international destination with high medical costs, adventure activities, 'cancel for any reason' (CFAR) upgrade, and cruise trips.
What does travel insurance cover?
Comprehensive travel insurance typically covers: trip cancellation and interruption (for covered reasons), emergency medical expenses abroad, medical evacuation (can cost $100,000+), lost or delayed baggage, trip delay, and 24/7 travel assistance. It does NOT cover cancellations for non-covered reasons unless you buy CFAR.
Is travel insurance worth it?
Travel insurance is most valuable for expensive non-refundable trips ($3,000+), international trips with limited domestic health coverage, destinations with high medical costs (Europe, Japan), travelers over 60 who face higher medical risk, and cruises (which have strict cancellation penalties). For short domestic trips with refundable bookings, it's often unnecessary.
What is Cancel For Any Reason (CFAR) insurance?
CFAR is an upgrade that lets you cancel for literally any reason and get 50-75% of your non-refundable costs back. It typically costs 40-60% more than standard travel insurance and must be purchased within 10-21 days of your initial trip deposit. It's valuable if you have uncertain travel plans.
Does my credit card provide travel insurance?
Many travel credit cards (Chase Sapphire Reserve, Amex Platinum, Citi Prestige) provide trip cancellation ($1,500-$10,000), trip interruption, and baggage delay coverage when you charge the trip to the card. However, these typically exclude pre-existing medical conditions and have lower medical evacuation coverage than standalone policies.
Is this tool free?
Yes, completely free with no signup required. Get quotes from InsureMyTrip, Squaremouth, or TravelGuard for exact pricing.