The cost of a travel insurance policy varies significantly depending on a traveler’s trip cost, age, and length of their trip. However, medical travel insurance policies are typically much less expensive than comprehensive policies, as medical policies don’t include an insured trip cost.
The Average Cost of a Medical Travel Insurance Policy
Overall, on average in 2020, a medical travel insurance policy typically costs about $80. However, each provider calculates premium differently based on their target demographic, so two policies with similar coverage amounts may have significantly different trip costs.
The travel insurance policies on Squaremouth’s website are comprehensive. Although they don’t cover a trip cost, medical policies can still provider other coverage, including the Trip Delay, Missed Connection, Baggage Delay, and Baggage & Personal Items Loss benefits. These benefits are built into policies for no additional cost, and cannot be removed.
The Average Cost of a Comprehensive Travel Insurance Policy
A policy with Trip Cancellation coverage can cover a traveler’s prepaid and non-refundable trip expenses, and will also include benefits for medical emergencies, travel delays, and luggage. Due to the coverage for a traveler’s trip cost, these policies are typically much more expensive, with an average cost around $360 in 2020.
View Squaremouth’s medical travel insurance guide for more information about these travel insurance benefits, including what can be covered and how much coverage is recommended.