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The calculator multiplies your non-refundable trip cost by a base rate set by the traveler's age: 4% for under 30, 5.5% for ages 30 to 59, and 8% for 60 and over. These brackets sit inside the widely cited 4% to 10% of trip cost benchmark for an international trip, published across industry data reports. It then applies a plan factor of 0.8 for a basic plan or 1.0 for a comprehensive plan. The result is your estimated premium, shown alongside the premium as a percentage of trip cost for easy comparison. All figures are estimates for trip planning, not professional insurance or financial advice; actual insurer quotes vary by destination, trip length, health history and underwriting rules.
This calculator estimates your premium with a simple transparent formula: premium equals trip cost multiplied by an age-based base rate, multiplied by a plan factor. Travelers under 30 use a 4% base rate, ages 30 to 59 use 5.5%, and ages 60 and over use 8%. These brackets sit inside the widely published 4% to 10% of trip cost benchmark for comprehensive travel insurance. The plan factor is 0.8 for a basic plan and 1.0 for a comprehensive plan, so a basic plan costs about 20% less for the same trip. The result is an estimate for trip planning only, not a quote or professional insurance advice. Real insurer prices also depend on destination, trip length and underwriting rules, so always get an actual quote before you buy.
Start by entering your total trip cost. Insurers price cancellation coverage on non-refundable costs only, so use the amount you cannot get back if you cancel, not the price of a refundable booking. Next enter the traveler's age, because age is one of the strongest drivers of the premium. Then choose basic for medical-only style protection or comprehensive for cancellation plus medical coverage. The calculator instantly shows your estimated premium and what percentage of your trip cost it represents. Try different ages and plan types to see how each choice moves the price, then use the estimate as a baseline when you shop for real quotes.
Industry data puts a comprehensive single-trip policy at roughly $479 (about $32 per day); a medical-only plan averages near $86 (about $5 per day). Adding cancel for any reason (CFAR) coverage raises a comprehensive plan by 40% to 60%. Cruise insurance runs higher because of onboard medical limits, while domestic trips are cheaper to insure, often 3% to 8% of trip cost. Destination risk level is the insurer's label for how costly emergency care and evacuation are at your destination; a high risk level can mean a much higher premium. Prices differ by destination: trips to Europe, Japan or the USA cost more to insure than trips to Mexico. Visitors coming to the USA need the highest medical limits, since American hospital bills are among the world's most expensive. Treat all benchmarks as estimates, since insurers price differently.
Trip cost is the biggest factor, because cancellation coverage scales directly with the non-refundable amount you insure. Age comes next: a 25 year old pays a much smaller share of trip cost than a traveler over 60, and premiums rise steeply past 70, with travelers over 65 and over 80 paying the most. Plan type matters too, with medical-only plans the cheapest type of travel insurance and comprehensive plus CFAR the most expensive. Longer trips cost more, whether a week, 2 weeks, a month or several months. Pre-existing medical conditions can raise the premium unless a waiver is bought early, and adventure sports add-ons increase it further. Policies are priced per person, so a family of 4 pays for each traveler, and each person's age is rated separately.
If you travel several times a year, an annual multi-trip plan can cost less than buying single-trip policies for every journey. The break-even formula is simple: divide the annual plan price by the single-trip price. If the result is 3, you break even at 3 trips, and every trip after that is effectively free insurance. Annual plans typically cost $250 to $700 per year, while single-trip policies run $30 to $200 per trip, so most frequent travelers break even at 3 to 4 trips. Watch the per-trip length cap on annual plans, commonly 30, 45 or 90 days, which rules them out for 3-month or 6-month stays. Note also that CFAR add-ons are generally not available on annual coverage.
Compare quotes from several providers instead of accepting the first price, because identical coverage can vary widely. Check your credit card: many cards include travel protection, but limits are often low and CFAR is excluded, so a card rarely replaces a full policy for international travel. Choose medical-only coverage if your trip is fully refundable and you only want emergency medical protection. Insure only non-refundable trip costs rather than the whole itinerary, and buy early to qualify for a pre-existing condition waiver and avoid last-minute price rises. UK travelers should note that quoted UK prices already include IPT tax, and that a GHIC card covers state healthcare in Europe but does not replace travel insurance. Comparing prices and buying early can save you more than any loyalty discount.
Comprehensive travel insurance usually costs 4% to 10% of your insured trip cost. For a $5,000 non-refundable trip, that means roughly $200 to $500 for a comprehensive plan, or $120 to $240 for a basic plan. For a $4,000 vacation, expect roughly $160 to $400. Short domestic trips sit at the low end of the range, while trips for travelers over 70 or cruises sit at the high end. Use this calculator with your own trip cost and age for a personalized estimate.
Recent industry data shows an average comprehensive policy around $479, or about $32 per day, while medical-only plans average about $86, or $5 per day. Adding cancel for any reason (CFAR) coverage lifts a comprehensive plan to roughly $735 on average. Actual prices swing with age, trip cost, destination and trip length, so averages are a starting point only. Your own estimate comes from your trip cost, age and plan type.
Plan for 4% to 10% of your insured, non-refundable trip cost, the benchmark most insurers and comparison sites publish. Domestic trips often land lower, at 3% to 8% of trip cost, while some sources quote up to 12% for older travelers or high-risk destinations. Basic medical-only plans sit near the bottom of the range and comprehensive plans with CFAR sit at the top. If a quote lands far outside this band, check whether you over-insured refundable costs or missed a cheaper plan tier.
Comprehensive coverage averages around $30 to $32 per day, and medical-only plans average about $5 per day. The per-day figure falls on longer trips: a week-long trip costs more per day than a month-long trip because fixed underwriting costs are spread over more days. For a 3-day weekend trip, per-day costs run high, while 3-month or 6-month trips price closer to daily minimums. Longer journeys are one reason frequent travelers consider annual plans.
Yes, travel insurance is priced per person, with each traveler's premium based on their own age, trip cost and plan. A family of 4 therefore pays four individual premiums, though family plans often discount children's coverage. Because age drives price, adding a grandparent over 70 to a family trip raises the total far more than adding a child under 30. Enter each traveler's age separately in the calculator for an accurate household estimate.
It is worth it when the financial risk outweighs the premium. One emergency medical evacuation can cost tens of thousands of dollars, and cancelled non-refundable trips can run into the thousands, while a basic policy often costs a few hundred. Claims data shows payouts frequently exceed the premium several times over when events occur. Insurance makes less sense for short, cheap, fully refundable domestic trips. This calculator gives estimates for planning, not professional insurance advice.
Compare providers, insure only non-refundable trip costs, and choose a basic or medical-only plan if you do not need cancellation coverage. Check credit card travel benefits before buying, and buy early to lock in a pre-existing condition waiver. Avoid CFAR unless you truly need cancel-anytime flexibility, since it adds 40% to 60% to the price. Annual plans beat single-trip policies from about 3 to 4 trips per year. Small coverage adjustments often cut the price more than switching insurers.
Annual multi-trip insurance is cheaper once you take enough trips to pass the break-even point: annual price divided by single-trip price. With annual plans typically $250 to $700 and single trips $30 to $200, most travelers break even at 3 to 4 trips per year. Annual plans cap each trip's length, usually 30 to 90 days, and CFAR add-ons are generally unavailable. If you take 1 or 2 trips a year, single-trip policies usually cost less and only cover one trip at a time.
Travelers over 60 pay noticeably more because medical risk rises with age. Industry data shows premiums climbing from about 5% of trip cost at ages 50 to 59, to 7% at 60 to 69, 9% at 70 to 79, and up to 12% for travelers over 80. Senior travel insurance for a $5,000 trip can therefore run $350 to $600 or more for comprehensive cover. The calculator's 8% base rate for ages 60 and over is an estimate; actual senior quotes vary widely by insurer and health history.
Standard policies usually exclude pre-existing medical conditions, but most insurers offer a waiver if you buy the policy within 14 to 21 days of your first trip payment and insure the full non-refundable trip cost. With a waiver, a flare-up of a known condition is covered like any new illness. Buying late removes the waiver option and can leave serious gaps. Always read the policy's definition of a pre-existing condition, since it varies between insurers.
Common starting points are $50,000 of emergency medical coverage for international trips and $100,000 for destinations with expensive healthcare such as the USA, plus at least $250,000 of medical evacuation coverage. Older travelers and long stays need higher limits, while short domestic trips need far less. Medical limits raise the premium, so match the limit to the destination rather than buying the maximum available. This is general guidance, not professional advice.
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