Average Cost of Travel Insurance by Age
Your age matters to travel insurance companies, but age tends to affect the rates of those age 60 and older the most. Our analysis reveals the average travel insurance cost for someone age 80 is $683 more than the average cost for a 20-year-old.
If you’re a senior planning a trip, you’ll need to budget, on average, an additional 8% to 18% of your trip cost to cover a senior travel insurance policy.
Average Cost of Travel Insurance by Number of Travelers
The number of people traveling and included on the insurance plan plays a part in what you’ll pay for travel insurance. The more people on the policy, the higher the rates will be, but our analysis finds it causes only a minor increase.
We analyzed rates for a single traveler, a couple and a family of four leaving from California to Mexico on a 14-day trip with a cost of $5,000. The travel insurance costs didn’t substantially go up even as the number of travelers grew. Rates went up only around $30 for a family of four compared to a single traveler.
Our review of average costs finds a single 40-year-old female traveler pays the least for travel insurance, while the two 40-year old adults (one male, one female) pay not even $20 more for their plan. The family, consisting of two 40-year-old adults (one male, one female) with two children ages 8 and 10, pay only $12 more than the couple.
Article ID: 795
Created: September 26, 2024
Last Updated: September 26, 2024
Author: dharmveer.devane
Online URL: https://agentx-phpkb-dev.hgsdigital.com/article.php?id=795