4 Best Cancel For Any Reason (CFAR) Travel Insurance Companies in 2025

How Much Does Cancel For Any Reason Trip Insurance Cost?

On average, travel insurance with Cancel for Any Reason coverage costs roughly $57/day.

This is based off of Squaremouth sales data of 19,000+ travelers that purchased CFAR coverage in the past 12 months. The average policy with this benefit cost $678 with a trip length of 12 days.

Adding the CFAR benefit to a travel insurance plan typically adds 40-50% to the overall premium. This additional cost is in exchange for greater flexibility in the event you choose to cancel your trip before your scheduled departure date.

Comprehensive travel insurance premiums are typically calculated as a percentage of your insured trip costs. For context, the average CFAR plan costs 9.3% of a traveler’s prepaid, non-refundable travel expenses.

Here’s what you can expect to pay for the top CFAR plans listed above, in order of least to most affordable:

Trip Protection Basic: 7.5% of your prepaid, non-refundable trip costs
FlexiPAX: 8.25% of your prepaid, non-refundable trip costs
Gold: 10.16% of your prepaid, non-refundable trip costs

How Much Does Cancel For Any Reason Trip Insurance Cost?

On average, travel insurance with pre-existing condition coverage costs roughly $57/day.

This is based off of Squaremouth sales data of 19,000+ travelers that purchased CFAR coverage in the past 12 months. The average policy with this benefit cost $678 with a trip length of 12 days.

Adding the CFAR benefit to a travel insurance plan typically adds 40-50% to the overall premium. This additional cost is in exchange for greater flexibility in the event you choose to cancel your trip before your scheduled departure date.

Comprehensive travel insurance premiums are typically calculated as a percentage of your insured trip costs. For context, the average CFAR plan costs 9.3% of a traveler’s prepaid, non-refundable travel expenses.

Here’s what you can expect to pay for the top CFAR plans listed above, in order of least to most affordable:

• Trip Protection Basic: 7.5% of your prepaid, non-refundable trip costs
• FlexiPAX: 8.25% of your prepaid, non-refundable trip costs
• Gold: 10.16% of your prepaid, non-refundable trip costs

How Long Do I Have to Buy the Top CFAR Plans?

Cancel For Any Reason is a time-sensitive benefit. In order to qualify for coverage, plans that offer this add-on must be purchased soon after you make your initial trip deposit, usually within 14 to 21 days.

This benefit is not automatically applied, and must be added to your coverage during the checkout process.

Each plan has its own specific deadline, which can be found in the policy’s Certificate of Insurance. Below are the Time-Sensitive Windows for the plans featured in this article:

• FlexiPAX: 21 days after initial trip deposit
• Trip Protection Basic: 20 days after initial trip deposit
• Gold: 14 days after initial trip deposit

How Much Reimbursement Does CFAR Provide?

Cancel For Any Reason coverage typically reimburses 50% to 75% of your prepaid, non-refundable trip costs. The exact percentage depends on the policy you choose.

Unlike standard Trip Cancellation, which can reimburse 100% for covered reasons, CFAR provides partial reimbursement when you cancel for any reason not listed in the standard policy.

Here are the reimbursement rates for some of our favorite CFAR plans:

• FlexiPAX: Reimburses up to 75% of trip costs
• Trip Protection Basic: Reimburses up to 75% of trip costs
• Gold: Reimburses up to 50% of trip costs

What to Consider When Buying Travel Insurance with Cancel For Any Reason

Cancel For Any Reason coverage offers the highest level of flexibility available in travel insurance, providing reimbursement for any kind of cancellation. With that said, this add-on may not be suitable for everyone.

Here are a few key factors to weigh before adding CFAR to your travel insurance plan:

• Existing Trip Cancellation Insurance: Standard Trip Cancellation may already cover common risks, such as an unexpected illness or family emergency. CFAR is only necessary if you want protection for reasons outside the standard list.
• Purchase Date: CFAR must usually be purchased within 14 to 21 days of your initial trip deposit. Missing the window means you’re ineligible for coverage.
• Budget: CFAR increases your premium by about 40–50%. Consider whether the added flexibility is worth the higher cost based on your trip investment.
• Personal Risk Tolerance: If you’re worried about unexpected cancellations, CFAR can provide peace of mind beyond what Trip Cancellation coverage offers.
• Prepaid Travel Expenses: If you’re planning an expensive trip, CFAR can provide extra financial protection in the event you’re forced to cancel your travel plans for any reason.

Is Cancel For Any Reason Coverage Worth It?

Cancel For Any Reason travel insurance can be a smart investment, but its value depends on your trip details, risk tolerance, and budget. If you’re concerned about canceling, have significant prepaid expenses, or simply want maximum flexibility, CFAR coverage may be worth the added cost.

When shopping for a travel insurance plan with CFAR, be sure to compare options from multiple providers. Pay close attention to eligibility deadlines, reimbursement percentages, and premium costs to find the best fit for your trip.