Travel Insurance Calculator
Estimate travel insurance cost and compare single trip against annual cover.
About Travel Insurance Calculator
Single trip premiums scale with trip cost and duration while annual cover is flat, so the break-even usually falls between two and three trips a year. Annual policies cap individual trip length, often at around 30 days. Medical cover limits matter far more than premium: an uninsured medical evacuation can cost more than a lifetime of premiums.
Formula
Travel Insurance
Single trip premium ≈ trip cost × rate × duration factor; annual cover is a flat fee
- duration factor
- Premiums rise for longer trips beyond a standard period
- annual multi-trip
- Flat cost covering unlimited trips within length limits
Worked example
With the default values below, Travel Insurance Calculator returns Cheaper Option of Annual multi-trip policy. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Trip lengthminimum 1 days
- 14 days
- Travellersminimum 1
- 2
- Total trip costminimum 0
- 3,200
- Premium as a share of trip costaccepts 0–20 %
- 5 %
- Trips per yearminimum 1
- 3
- Annual multi-trip policy costminimum 0
- 145
Results
- Cheaper Option
- Annual multi-trip policy
- Single Trip Premium
- $160.00
- Annual Cost of Single Trip Policies
- $480.00
- Saving With an Annual Policy
- $335.00
- Trips at Which Annual Cover Wins
- 0.91
Step by step
- 1Values used
- 2Travel Insurance
- 3Cheaper Option= Annual multi-trip policy
- 4Single Trip Premium= 160.00
- 5Annual Cost of Single Trip Policies= 480.00
- 6Saving With an Annual Policy= 335.00
- 7Trips at Which Annual Cover Wins= 0.91
Assumptions and limits
- The result is derived only from the 6 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation or tax into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- This estimates cost only and does not assess cover adequacy. Policy exclusions, pre-existing condition terms and medical cover limits vary widely. Read the policy documents and check that activities and destinations are covered.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
This estimates cost only and does not assess cover adequacy. Policy exclusions, pre-existing condition terms and medical cover limits vary widely. Read the policy documents and check that activities and destinations are covered.
Frequently Asked Questions
How is Travel Insurance calculated?
Single trip premium ≈ trip cost × rate × duration factor; annual cover is a flat fee Single trip premiums scale with trip cost and duration while annual cover is flat, so the break-even usually falls between two and three trips a year. Annual policies cap individual trip length, often at around 30 days.
Why does Travel Insurance matter?
Medical cover limits matter far more than premium: an uninsured medical evacuation can cost more than a lifetime of premiums.
What values do I need to enter?
This calculator takes 6 inputs: Trip length, Travellers, Total trip cost, Premium as a share of trip cost, Trips per year, Annual multi-trip policy cost. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.