How much does travel insurance cost?

Average customer rating: 4.3/5
Written by Tiana Lee-Collins
Reviewed by Eliza Buglar
Expert reviewed by Adrian Taylor
Updated 20 August 2025

Expert tips for choosing the right travel insurance policy that suits your budget

Our travel insurance expert, Adrian Taylor, has some first class tips for you on how to choose a suitable travel insurance policy that fits your trip needs.

Adrian Taylor
Executive General Manager – General Insurance

Choose your excess

Most policies will allow you to choose the excess amount, and this will have an impact on the premium. A higher excess will lower your premium and vice versa. Should you need to make a claim, the excess is the amount you need to contribute, so make sure you choose an amount that you can afford.

Customise your cover

Most policies will include options to allow you to customise your cover and help give you added peace of mind. You can choose to include cover for cruise and ski trips, as well as certain pre-existing medical conditions, although this will affect the cost of your premium.

Compare and save

Whether you’re travelling on a budget or just not wanting to spend more than you need, comparing travel insurance policies may help you save. Different providers may offer similar products, but the prices may vary. With our comparison service, you can search policies from a range of providers to see which one is the most appropriate fit for your trip.

How much does travel insurance cost?

It’s difficult to say exactly how much travel insurance costs because policies vary depending on a person’s individual circumstances. Numerous factors go into the cost of a person’s travel insurance such as their age, their medical history or where they plan to visit.

Each factor may alter the cost of a travel insurance policy. This is why comparing prices and benefits across multiple travel insurance providers can be beneficial when choosing a plan.

Your age

Where you plan to go

How long you’re travelling for

What level of travel cover you need

Optional extras

Pre-existing medical conditions

Your policy excess

The type of insurance you need

Which insurer you choose

Does travel insurance get cheaper closer to the travel date?

While it’s true that your travel insurance may get cheaper as you get close to your departure date, you run the risk of not being covered if you need to cancel before then due to an unforeseen event. By buying travel insurance as soon as you book your trip, you’re covered for lost deposits and cancellation fees if your trip is disrupted or needs to be cancelled (due to an event covered under your policy).

Meet our travel insurance expert, Adrian Taylor

Adrian Taylor
Executive General Manager – General Insurance

As a General Insurance expert with over 13 years’ experience in financial services, Adrian Taylor believes in educating customers about the importance of travel insurance so that anyone can kick back and make the most of their time away from home. While no one wants a disrupted holiday, a suitable travel insurance policy can provide a financial safety net for yourself, your belongings and your trip in case things go wrong.