How much does travel insurance cost?

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November 2, 2026 / 2:13 PM EST / CBS News

Travel insurance costs can vary widely, depending on your insurer, the coverages you choose, the limits of your policy, and other factors. Generally speaking, though, the average travel insurance plan costs about 6% of a typical trip's total cost — or about $600 for a $10,000 trip, according to insurance marketplace SquareMouth.

Those costs have been rising, too. Over the last year, the average travel insurance price has increased almost 8%, according to SquareMouth. This makes it more important than usual to shop around, compare your options, and understand the fine print.

Below, we'll outline what you need to know about travel insurance costs, how policies and coverages are priced, and how to keep your plan costs down if you buy one.

Protect your trip by comparing your travel insurance options online now.

Squaremouth's data shows an average cost of just over $450 for travel insurance over the last year. More broadly, the U.S. Travel Insurance Association (USTIA) says you can expect a policy to cost between 4% and 8%…

Original source: https://www.cbsnews.com/moneywatch/