The cost of affordable travel insurance depends on several factors, including the traveler’s age, the length of the trip, and the total trip cost. Budget-friendly travel insurance plans can start as low as $39 for a 15-day trip. The table below shows the average cost of trip cancellation insurance by age. The estimated costs are based on a 50-year-old traveler taking a 15-day trip, with trip values of $1,000, $3,000, $5,000, and $10,000.
For example, we are showing cheapest trip cancellation insurance cost for 15 days duration and 50 years age.
| Plan Name | Trip Cost 1,000 | Trip Cost 3,000 | Trip cost 5,000 | Trip cost 10,000 |
|---|---|---|---|---|
| Safe Travels Protect Trawick International | $39 | $96 | $161 | $349 |
| itravelinsured Choice IMG | $57 | $115 | $175 | $381 |
| Trip Protection Basic Seven Corners | $47 | $124 | $197 | $541 |
| Safe Travels Explorer Trawick International | $45 | $115 | $186 | $455 |
| Safe Travels Rental Plus Trawick International | $53 | $159 | $265 | $531 |
| iTravelInsured Lite IMG | $53 | $154 | $264 | $569 |
The cost of travel insurance for luxury travelers varies based on factors such as age, trip length, and total trip cost. Premium travel insurance plans typically start at around $486 for a 15-day trip. The table below shows the average cost of trip cancellation insurance by age. These estimates are based on a 50-year-old traveler taking a 15-day trip, with trip values of $10,000, $30,000, $50,000, $100,000, and $150,000.
For example, we are showing the cost of exclusive trip insurance for a 15-day trip for a traveler aged 50.
| Plan Name | Trip Cost 10,000 | Trip Cost 30,000 | Trip cost 50,000 | Trip cost 100,000 | Trip cost 150,000 |
|---|---|---|---|---|---|
| Safe Travels Armor Trawick International | $486 | $1,445 | $2,430 | $4,940 | N/A |
| iTravelInsured SE IMG | $608 | $1,907 | $3,177 | $6,352 | $9,527 |
| Safe Travels Journey Trawick International | $581 | $2,266 | $3,733 | N/A | N/A |
| Safe Travels Voyager Trawick International | $674 | $2,566 | $4,216 | $8,338 | N/A |
| iTravelInsured Sport IMG | $930 | $2,790 | $4,650 | $9,300 | N/A |
| iTravelInsured LX IMG | $1,102 | $4,835 | $8,057 | $16,112 | $24,167 |
| Trip Protection Choice Seven Corners | $707 | $1,986 | $3,332 | $6,697 | N/A |
| Travel Insurance Select Elite Travel Insurance Services | $1,071 | $3,213 | $5,355 | $10,710 | $16,065 |
| Trip Protector Preferred HTH Worldwide | $922 | $3,735 | $6,219 | N/A | N/A |
Generally, the higher the trip costs, the more comprehensive coverage that one should consider.
Travel medical costs vary significantly across the globe; some destinations including the US have higher expenses.
Longer trips need more extensive medical and interruption coverage.
If you want to take part in adventure sports or other high risk activities, it is prudent to ensure that your policy covers these activities. Quite often this might be an add-on coverage.
Understand how trip insurance policies handle pre-existing conditions; some may exclude them entirely while some offer waivers if certain criteria are met.
Carefully understand what the trip protection insurance plan does not cover (e.g., certain pre-existing conditions, participation in excluded activities, travel to specific regions).
Some trip insurance plans have certain age restrictions or have higher costs for older travelers.
Ensure the policy's maximum coverage limits for each coverage benefit satisfy your potential needs.
Understand the deductibles involved that you are responsible for before the trip insurance coverage kicks in.
While buying the best trip insurance, make sure you have adequate protection, including trip cancellations and interruptions, refunds for non-refundable reservations, emergency medical services, and other healthcare requirements. Take note of the following features:
Unforeseen circumstances can result in losing a lot of money spent on a trip. This will allow you to safeguard your prepaid expenses, which in many situations are non-refundable.
Receiving medical attention abroad is expensive, and most US domestic insurance plans do not support treatment from US borders.
Even though Covid seems to be behind ur, given the travel uncertainty, COVID-19 protection is important for travelers.
Trip cancellation insurance covering baggage loss due to misplaced or delayed luggage.
Standard trip insurance plans do not cover high-risk activities. If you are taking part in any adventure sports, it is important to have this coverage.
Protecting your travel investment is important especially when the trip is expensive and planned well in advance. American Visitor Insurance with over 20 years of experience, provides the best US trip insurance options as we have built an enviable reputation over the years and work with reliable US insurance providers for US travelers. At American Visitor Insurance, we work hard at providing the best coverage for your needs. You will be joining thousands of satisfied customers who have relied on travel insurance products that we offer.
At American Visitor Insurance, we work hard to strike the fine balance between affordability, coverage benefits and convenience. Our affordable trip insurance plans brings you access to competitively priced, top-rated US insurance plans offered by industry leaders like IMG, Trawick international, GeoBlue and Seven Corners. Our clients can easily compare quotes to find what best suits their coverage needs and budget. After the selection is done, buying the policy is easy and straightforward, and the relevant policy documents are sent to the email immediately. Do call our customer service at 877-340-7910 if you need any assistance while choosing a policy, changing coverage, or for claims and our friendly customer care staff will help you, whether before or during your trip.
Trip cancellation insurance or simply Trip insurance covers paid-in-full, non-refundable trip costs if you have to cancel your trip for a covered legitimate reason such as sickness, injury, family member's death, adverse weather conditions, natural disaster, or jury duty.
Yes, if your cancellation reason is one of the covered reasons under the trip cancellation insurance policy. Typical covered reasons are medical emergencies, loss of job, or a natural disaster. For extensive coverage beyond the covered reasons, you can buy the "Cancel for Any Reason (CFAR)" coverage which will provide coverage for cancellation of the trip for any reason.
Trip cancellation is a benefit of travel insurance which reimburses your prepaid, non-refundable trip payments if you need to cancel your trip due to a legitimate reason specified in the policy.
The cost of trip cancellation insurance varies between 5% and 10% of your overall trip expense. Therefore, for a $5,000 trip, pay anywhere from $250 to $500.
Trip cancellation insurance: Covers trip expenses if you cancel the trip prior to departure due to a covered cause as well as trip interruption, emergency medical, lost baggage, and more.
Travel medical insurance: This focuses on insuring the health of the traveler and provides little to no coverage for the actual cost of the trip.
To make a trip cancellation insurance claim:
Covered cancellation reasons differ by plan but often include:
Travel insurance is normally non-refundable after an initial free look period (10–15 days). But, if you've not travelled or made a claim, some policies will permit cancellation for a portion of the policy back.
Yes—particularly for costly, non-refundable vacations or if you're unsure because of health, weather, or other personal reasons. It provides peace of mind and financial security.
Yes, you can purchase it after making a reservation, but to receive benefits such as coverage for pre-existing conditions or CFAR, you usually need to purchase within 10–21 days of your first trip deposit.
CFAR is an optional add-on benefit for trip insurance plans that allows you to cancel your vacation due to any reason not provided in standard trip cancellation policies. It reimburses you a portion of your non-refundable cost of a vacation.
Pre-existing condition coverage is different under each policy. Some trip protection insurance policies waive the pre-existing condition if certain conditions are met, such as buying the policy within a defined time period from your first trip deposit.
Age limits can vary between insurance providers and specific plans. It is important to review the trip insurance policy details to determine any age restrictions.
Trip cancellation coverage comes into play when you must cancel your trip prior to departure due to a covered reason, refunding prepaid costs. Trip interruption coverage comes into play if your trip is cut short after it has commenced, paying for additional costs incurred and for unused, non-refundable parts of the trip.
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