Weekly Travel Insurance Costs & Trends: Week of November 7, 2022 — Mexico Most Popular Travel Destination

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Travelers who booked trips last week (October 30-November 5) had their sights set on Mexico, the United States and Israel. These are currently the most popular destinations based on travel insurance policy turnover.

average travel insurance The top 10 destinations increased by $7.38 compared to the previous week. The current average cost of travel insurance is $234 per trip.

This week’s travel insurance highlights

  • Currently, the most popular travel destination is Mexico.
  • Average spend on upcoming trips fell to $3,511 from last week
  • The most popular length for future trips is 15 days.

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Top 10 travel destinations and costs

Domestic travel and international travel

Many Americans who purchased travel insurance last week are planning to travel abroad. 92% of travel insurance sales were for international travel.

The average travel cost for international travelers was $3,745. The average travel cost for domestic travelers was $2,916.

International travelers paid an average of $244 for travel insurance plans purchased last week, while domestic travelers paid an average of $175.

average travel time and cost

People who bought travel insurance last week are planning trips for an average of 15 days.

Travelers aged 70 to 74 plan the longest trip of 19 days.

Travelers between the ages of 75 and 79 spend the most on travel, on average $3,146 per person. Based on last week’s travel insurance sales, his overall average travel cost was $2,095.

Traveler’s top concerns

Based on the searches they conducted last week when purchasing travel insurance, travelers were most concerned with these issues and types of coverage.

What does travel insurance cover?

of best travel insurance The policy contains various useful compensation types such as:

  • Trip Cancellation: If you cancel for the reasons stated in your travel insurance, we will refund your non-refundable prepaid travel expenses.
  • Cancel for any reason: This add-on extends your trip cancellation coverage. You can get your lost money refunded regardless of the reason you canceled your trip.
  • Travel medicine: Pay for ambulances, hospital and doctor bills, lab work, medicines, and x-rays if you need medical attention while traveling.
  • Emergency medical evacuation: We will cover the cost of emergency medical transportation to the nearest appropriate treatment center.
  • Travel delay: As long as the delay has passed the required waiting period, we will compensate you for meals, hotel, transportation and other reasonable expenses if you are delayed for any reason stated in our policy.
  • load: Reimburse depreciation for lost, stolen or damaged baggage and personal items covered by the policy.

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who needs travel insurance

If you have a large non-refundable deposit for travel, you may need travel insurance as a financial safety net in case you lose money. travel cancellation insurance Travel insurance typically covers losses if you have to cancel your trip due to illness, injury, hurricanes, or other common travel issues.

Many U.S. health insurance plans, including Medicare, have limited or no coverage outside the country, so it’s a good idea to have travel insurance even if you plan to travel internationally.of travel medical insurance The insurance part is very important if you get injured or sick abroad.

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