Travel Insurance Claims Paid Out 8X Policy Premium in 2022 

Travel Insurance Claims Paid Out 8X Policy Premium in 2022 

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New data reveals travelers who filed a travel insurance claim saved an average of $1,891 in 2022., the leading US travel insurance marketplace, reports that travelers spent an average of $266 per policy last year, and received an average reimbursement of $2,157 when filing a claim. 

Claim payouts ranged drastically depending on the benefit, from an average of $213 to more than $80,000,  exceeding the policy cost by 8 times on average.

Medical Evacuation Payouts Averaged More Than $80,000 in 2022

In 2022, the three highest travel insurance claim payouts came from medical evacuations, and canceled or interrupted trips. 

Notable stats:

  • Cancellation claims reimbursed travelers $4,110 on average
  • The highest paid claim was for a traveler who was medically evacuated, resulting in a payment over $223,000

Delays and Cancellations Account For Nearly Two Thirds of Paid Claims

Most travelers filed claims due to their trip being delayed or canceled. 

Notable stats:

  • Travel Delay was the most commonly paid out claim in 2022 with 25% 
  • Pre-departure cancellations accounted for more than 21% of all paid claims last year
  • One in five paid claims was related to a medical emergency

Claim TypeAvg ClaimHighest Claim% of Claims
Medical Evacuation$82,896.39$223,100.820.22%
Trip Cancellation$6,448.24$207,894.0018.99%
Trip Interruption$1,992.07$27,818.2818.48%
Cancel For Any Reason$1,592.35$7,417.782.09%
Emergency Medical$763.56$18,847.9121.73%
Travel Delay$610.37$3,600.0024.69%
Missed Connection$281.69$736.923.90%
Baggage Loss$271.72$1,000.004.91%
Baggage Delay$213.05$434.024.98%

Methodology: Squaremouth analytics compared travel insurance claims data from Tin Leg between January 1 and December 31 of 2019 to 2022 to compare policy prices to claim payouts. Tin Leg is a travel insurance provider and member of The Squaremouth Group since 2014.

Notes to editors

Available Topic Expert: Megan Moncrief, President, is available for comment and interview. (727) 378-0938

About Squaremouth: has insured over 3 million travelers. Using Squaremouth’s intuitive quoting and comparison engine, award-winning support team, and verified customer reviews, travelers can save time and money to find the best travel insurance policy for their trip.