How much does travel insurance cost?

CBS News · Aly J Yale · 2026-11-02 19:13 UTC

Travel insurance costs vary by trip length, traveler age and other factors. Here's what to consider.

Travel insurance costs can vary widely, depending on your insurer, the coverages you choose, the limits of your policy, and other factors. Generally speaking, though, the average travel insurance plan costs about 6% of a typical trip's total cost — or about $600 for a $10,000 trip, according to insurance marketplace SquareMouth.

Those costs have been rising, too. Over the last year, the average travel insurance price has increased almost 8%, according to SquareMouth. This makes it more important than usual to shop around, compare your options, and understand the fine print.

Below, we'll outline what you need to know about travel insurance costs, how policies and coverages are priced, and how to keep your plan costs down if you buy one.

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