Travelling is enchanting and thrilling experience for anyone, but there are some things that can worry us about travelling insurance.
If you are planning a trip to visit the abroad on a long trip, there might be some chances that you may face some unforeseen situations. So having a best travel insurance is the great way to cope up with all these emergencies.
In this article we have explored here about the cost for six month travel insurance cost, so you can read the following guide and have safe journey.
How much will a six month travel insurance cost?
Travel insurance are not regular or one-size-fits-all, that’s why the price, terms and conditions of a plan are different depending on the preferences. So it is necessary to understand pricing and plans your travel insurance purchase.
Usually, you must expect the plan will cost anywhere from 4%-10% of the total pre-paid, non-refundable trip cost. For an instance, if you buy a trip with a total cost of $5,000, travel insurance policies available to you will range in cost from $250-$500.
The cost of travel insurance, depending on the number of traveller, their health condition and region.
The all below insurance are valid for region like Asia pacific, US, Canada, UK as well as Middle East countries.
Type of plan and cost:
Individual travel insurance:
Individual travel insurance for Asia, US, UK and Middle East region are reneging from Rs. 3,800 to Rs. 9,000
Student travel insurance:
Student travel insurance is valid for UK, US, Asian, and Middle East countries and the cost of this student travel insurance ranging for Rs. 3,000 to Rs. 6,500.
Family travel insurance:
The family travel insurance ranging from Rs. 7,800 to 27,000 including for countries such as Middle East, UK, Us and Asia countries.
Senior citizen or 65 and above citizen travel insurance:
This travel insurance is also valid for APAC countries and also for UK, US, Canada, Oceania and also for Middle East countries price from 22,500 to 45,000
Factors affecting on travel insurance:
Travel insurance is different for all type of travellers and so the travel insurance cost with according to buyers age, destination, and type of coverage and duration of your trip. However, the travel insurance costs 4% to 12% of your overall trip cost.
The cost of travel insurance policy can be consider on the basis of following factors:
Age:
Age is the factor affecting to the cost of the trip. This is particularly true for travellers over 60. The average cost of travel insurance for a 70+ age increases to 11% of total trip cost, and 80 plus age travellers pay an average of 18% for the senior travel insurance policy.
Number of travellers:
If you are travelling with group or no of peoples, it is often cheaper to insure everyone in your group with only a single travel insurance policy. Some travel insurance plans even cover the insurance for kids younger than 17 for free, as long as they are traveling with their parents on same itinerary.
For an instance, family of four taking a 14-day trip from California to Mexico valued at $5,000 only pays about $29 more than a solo traveller buying travel insurance for the same trip. And at the same time a couple, both age 40, will pay an average of $17 more than a single traveller of the same age group.
Where you are travelling:
The destination of your trip can mainly affect the cost of the travel insurance policy. If you are traveling in India the insurance rate are lesser. If you are travelling to abode or foreign countries then you need to pay the higher premium for travel insurance.
If you are travelling to safe and secure country then the insurance premium will be relatively low and if you are visiting to country which is natural disaster prone area then the cost of international travel insurance policy will be high.
Duration of the trip:
The duration of the trip can effect on the cost of travel insurance. If your trip will too long then the travel insurance premium will be much higher. As the cost of a month trip is greater than a cost of a trip for week in abroad.
How often you are travelling:
Taking a single trip travel insurance to abroad or your selected destination and you are not travelling too often then the single trip travel insurance will be a bit high.
Multi trip travel insurance as you are travelling more often than this plan will suited to you as multi trip plan is cheaper as well as time saving alternative for those who are travelling more often.
Type of coverage:
The type of coverage also effects on the insurance plan. The premium amount can be different according to your selected plan. The plan covers the basic visa requirements are lower cost plans than the plan with additional add on. This advance plans insure you with different coverage levels it also includes the different level benefits and claims depending on the plan you chosen.
Conclusion:
In conclusion, in above guide we have mention about the how much will a six months travel insurance will cost? The possibility of facing unfavourable situations while travelling, only travel insurance can pull you out from all these unfavourable situation and its financial impacts.
So you must cover your full trip under travel insurance without fail. Read above article and keep in mind all about the cost of insurance and factors affecting on it and enjoy your trip peacefully with the help of travel insurance plans for international trips.
FAQ:
Q. Which insurance is best for the travel?
Ans: There are four main insurance plan you can choose according to your preference they are, Domestic travel insurance, International travel insurance, senior citizen travel insurance and student travel insurance. All this plans offers the different type of coverage.
Q. How much does travel insurance typically cost?
Ans: The average cost of travel insurance is typically between 5% and 6% of total cost of the trip. The premium of your travel insurance varies on the travel insurance company and the plan you choose and the total cost and your destination of the trip, number of travellers and also age of travellers.
Q. What does travel insurance cover?
Ans: The travel insurance plan mainly includes the coverage for trip cancellation, trip interruption, delay in flight, medical expense, emergency medical situations and baggage delay and loss.