The cost of travel insurance can vary, but it’s typically around 4% to 10% of your total trip cost. If you qualify and choose to add optional coverage like Cancel For Any Reason (CFAR), that can increase the cost to about 40% to 60% of your trip cost.
Rates are state-regulated, so you’ll see the same pricing no matter where you shop. Factors like your age, how long you’ll be traveling, and how far out your trip is booked can also affect the price. It’s all about finding the right balance of coverage and cost for your needs.