Travel Insurance Cost Calculator
Estimate travel insurance cost based on trip cost, duration, traveler age, and destination risk.
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How to use this calculator
- 1
Enter your total prepaid trip cost (flights, hotels, tours).
- 2
Set the trip duration and the age of the oldest traveler.
- 3
Select your destination risk level and preferred coverage type.
- 4
Enter the number of travelers to see total and per-person premium estimates.
Frequently asked questions
What formula does this tool use for the premium?
This tool uses trip cost × plan rate × age multiplier × destination multiplier × duration multiplier. The plan rates are 4% for basic, 6.5% for comprehensive and 10% for cancel for any reason. The trip cost is treated as the total for the whole party, so the result is not multiplied again by the number of travelers.
What are the age multipliers?
The age you enter is read as the oldest traveler’s age and applies to everyone. Under 30 is ×0.85, 30 to 49 is ×1.00, 50 to 59 is ×1.25, 60 to 69 is ×1.60, and 70 or over is ×2.20. These are factors built into the tool, not a rate filing from any insurer.
How does the destination setting change the estimate?
Domestic is ×0.70, Europe / Canada / Australia is ×1.00, developing world is ×1.35 and high-risk zone is ×1.75. The tool does not look up any specific country or advisory, so you choose the label that best describes the trip.
What does the duration do?
Only one threshold exists: trips longer than 21 days get ×1.15, and anything of 21 days or fewer gets ×1.00. A 22-day trip therefore costs 15% more than a 21-day trip in this model, while 5 days and 21 days are priced the same.
How are per-person and per-day figures calculated?
Per-person is the selected premium divided by the number of travelers, and per-day is the selected premium divided by the trip length in days. For the default $3,000 trip with two travelers, comprehensive cover at $195.00 shows $97.50 per person and $13.93 per day.
Does the estimate include medical limits, baggage or reimbursement percentages?
No. The tool does not model benefit limits, deductibles, exclusions, pre-existing condition rules or what share of a cancelled trip a plan would repay. The three plan names only change the percentage rate. What a policy actually covers is set by its wording.
What happens with blank or zero entries?
A cleared box counts as 0 and is not replaced by the starting value ($3,000, 14 days, age 35, two travelers). A trip cost of 0 gives a $0 premium, and an age of 0 is used as 0 ($165.75 on the other starting values) rather than reverting to 35. Duration is held to at least 1 day and travelers to at least 1 and rounded to a whole number, so 0 becomes 1 in both.
Is this a quote?
No. It produces an illustration from fixed percentages and multipliers, and real insurers price using their own tables, so quotes can be lower or higher. A licensed agent or the insurer’s own quote and policy documents govern what you would pay and receive.
Travel insurance cost estimate — percentage-of-trip-cost model
A premium built from four multipliers
The estimate starts with the total prepaid cost of the trip and multiplies it by a plan rate, which is 4% for basic, 6.5% for comprehensive and 10% for cancel for any reason. It then applies a factor for the oldest traveler’s age, a factor for the destination and a surcharge for trips longer than 21 days. All three plan prices are computed side by side, so you can see the gap between them before choosing which one to highlight.
The multipliers in the code
The table lists every factor that sits on top of the plan rate. Age and destination apply to all three plans equally, so the same factors move basic, comprehensive and cancel for any reason by the same proportion. Duration has only the one step at 21 days.
| Factor | Setting | Multiplier |
|---|---|---|
| Oldest traveler | Under 30 | ×0.85 |
| Oldest traveler | 30 to 49 | ×1.00 |
| Oldest traveler | 50 to 59 | ×1.25 |
| Oldest traveler | 60 to 69 | ×1.60 |
| Oldest traveler | 70 or over | ×2.20 |
| Destination | Domestic | ×0.70 |
| Destination | Europe / Canada / Australia | ×1.00 |
| Destination | Developing world | ×1.35 |
| Destination | High-risk zone | ×1.75 |
| Duration | More than 21 days | ×1.15 |
Three worked scenarios
A $3,000 two-person trip of 14 days to Europe with a 35-year-old oldest traveler gives $120.00 for basic, $195.00 for comprehensive and $300.00 for cancel for any reason, which is 6.5% of the trip on the comprehensive plan. A $8,000 four-person, 30-day trip to the developing world with a 62-year-old oldest traveler combines ×1.60, ×1.35 and ×1.15, producing $794.88, $1,291.68 and $1,987.20 for the three plans, or 24.8% of trip cost on cancel for any reason ($496.80 per person). A $1,000 solo domestic 5-day trip at age 25 shows $23.80 for basic, $38.68 for comprehensive and $59.50 for cancel for any reason.
How the multipliers stack
Because the factors multiply, an older traveler heading to a higher-risk place on a long trip sees the percentage climb well beyond the base rate, as the 24.8% example shows. The oldest traveler’s age is applied to the entire trip cost, so one older member of a group raises the figure for everyone. Changing the traveler count never changes the total in this tool, only the per-person split.
Limits of the estimate
Insurers price from their own tables, and the figures in this tool are an illustration. Nothing here models benefit maximums, exclusions, the proportion of costs repaid on cancellation or conditions that must be met when buying. Compare actual quotes and read the policy wording; a licensed agent or the insurer governs the terms.
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →