We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
Travel insurance will reimburse you up to 100% for any travel-related expenses covered by your plan. Jackyenjoyphotography / Getty Images
Planning a big trip can be stressful. Plus, it’s expensive. Between purchasing plane tickets, booking hotel rooms and scheduling excursions and other transportation — the costs of a vacation can quickly add up. And that doesn’t even include souvenirs and food.
In order to fully enjoy your vacation, you may want to buy travel insurance. Travel insurance will reimburse you up to 100% for any travel-related expenses covered by your plan. Most travelers choose a comprehensive policy that covers a variety of situations, from trip cancellation or delays to a medical emergency and beyond. It gives you peace of mind and protects your wallet at the same time.
Let the online travel insurance marketplace SquareMouth do the heavy lifting for you. Just insert your trip and traveler information to view dozens of travel insurance policies available now.
How travel insurance can potentially save you money
The exact amount of money you can potentially save with travel insurance varies, depending on how expensive your trip is and the type of unforeseen events or medical emergencies you may face. Nearly 90% of all insured travel in 2022 was related to international trips, SquareMouth recently said in its latest travel trends report. This year, SquareMouth expects travelers to spend even more — at least 25% more on travel-related expenses, to be exact.
The top reasons people buy travel insurance are Trip cancellation and medical emergencies.
Trip cancellation
The more money you spend on a trip, the more money you could potentially lose.
“Trip Cancellation is a major concern for most travelers. This benefit provides protection for the financial investment travelers make in their trips, offering coverage for all prepaid and non-refundable trip expenses. This can include any travel-related expenses, such as airline tickets, hotel accommodations, excursions, tours, and cruises,” SquareMouth explains.
Find a travel insurance policy with trip cancellation coverage today. Start your search now!
Emergency medical and medical evacuation coverage
If you’re traveling overseas, then your health insurance coverage likely won’t kick in. So, in the event of a medical emergency, you could be left paying hefty hospital bills out of pocket.
“The medical benefits of travel insurance are perhaps the most worth it due to the high financial ramifications that can come with a medical claim while traveling,” SquareMouth says.
Squaremouth suggests getting a policy with $50,000 in emergency medical coverage and $100,000 in medical evacuation coverage for international trips.
“If you get sick or injured overseas, in the best policies they’ll pay to get you stabilized over there. They will consult with your own doctor who knows your medical history, and then, if needed, they will fly you back on a medically equipped jet to the doctor and medical facility of your choice,” CBS News senior travel adviser Peter Greenberg previously explained on “CBS Mornings”, recommending that travelers purchase medical evacuation and repatriation insurance.
How to get an affordable travel insurance policy
When it comes to travel insurance, the intention is to protect yourself from losing a significant sum of money. Ultimately, saving is key. And you’ll want to find the most affordable option that can give you all of the protection and comfort you need.
A comprehensive travel insurance policy can cost anywhere between 5% and 10% of your total trip expenses, according to SquareMouth, though it can be even less depending on your needs.
Fortunately, there are a few travel insurance tips that can save you money on a plan. Here are two things you should do:
Shop around: Compare options from multiple insurance providers. With SquareMouth, you can view options from dozens of insurers. Sort the options from least to most expensive and go from there. Click on “full policy” to compare what each plan has to offer. Go with the cheapest plan that has all of your coverage requirements. You can compare quotes from up to 100 policies from 22 different providers on SquareMouth.
Compare options from multiple insurance providers. With SquareMouth, you can view options from dozens of insurers. Sort the options from least to most expensive and go from there. Click on “full policy” to compare what each plan has to offer. Go with the cheapest plan that has all of your coverage requirements. You can compare quotes from up to 100 policies from 22 different providers on SquareMouth. Review your plan: One of the biggest mistakes travel insurance holders make is overinsuring their trips. Don’t make the same error. If you’re looking at a price of more than 10% of your total trip costs, it’s likely too much. Review your policy and determine if there are any areas you can trim. For example, do you really need any add-ons like medical evacuation coverage, an annual policy or cancel for any reason
The bottom line
If you’re planning a trip in the near future (especially if you’re heading out of town for spring break) or you’ve already booked one, it’s not too late to add on travel insurance, which can potentially help you save thousands of dollars and a headache in the future.
“Trip insurance is designed to cover the most common concerns that may impact a trip, including cancellations, medical emergencies, travel delays, and lost luggage. Common covered scenarios include an illness or injury preventing a traveler from departing, severe weather impacting their plans, or a medical emergency during their vacation, among others,” Squaremouth explains on its site.
Just make sure to save any relevant receipts or paperwork that you may need to send to your travel insurance provider when you file a claim for reimbursement. The more details you can provide, the better. Get a travel insurance policy today!
Travel insurance can potentially save you thousands of dollars – here’s how
Recent Comments
Growing number of sports bras, athletic wear found with high levels of toxic chemical, watchdog says
on
Megyn Kelly Slams Sports Columnist, Calls Her a ‘National Disgrace’ and Asks to ‘Shut the F*CK Up!’
on
Comparing the Humongous Combined Wealth of Latest Business Partners Lewis Hamilton and Rory McIlroy
on
Hallmark’s The Way Home Stars Explain The Balance Between Time Travel And Family Drama In New Series
on
Cruise guest gets stuck on ‘claustrophobic’ water slide suspended over ocean: ‘That is super scary’
on
‘Mission: Impossible’ must emulate Tom Cruise’s $1.4 billion box office haul to replace Ethan Hunt
on
A weaker dollar, skyrocketing prices and ‘record’ visitor numbers: Good luck in Europe this summer
on
Viral Tiktok Puts Tom Cruise’s Les Grossman In The Super Mario Bros. Movie, And It’s-A F-ing Great
on
Tom Cruise Is Teaming Up With The Revenant Director For His First Movie Post-Mission: Impossible 8
on
Tom Cruise And Nicole Kidman Face The Brunt Of Scathing Comments From Eyes Wide Shut Screenwriter
on
San Mateo County Community College District sues five companies over role in ‘pay to play’ scandal
on
Russian cruise and ballistic missiles kill 4 in Ukraine and Ukrainian rockets kill 2 in Russian city
on
PGA Show 2023: Best finds, exhibitor list, vendors, floor plan, schedule, dates, more from Orlando
on
Monday Mailbag: What’s next for Sean O’Malley, is Chito Vera impossible to finish, rest of UFC 299
on
LIVALL Showcases Smart Helmets For Cyclists And Commuters At Pepcom Holiday Shopping Preview Event
on
Lake Tahoe officials tackle overtourism with focus on management, not marketing; new fees may loom
on
How my Apple Watch proved the ultimate travel necessity when I spent a week halfway around the world
on
Ford Blue Cruise: US regulators investigate fatal crashes involving hands-free driving technology
on
Arsenal highlighted for spending 26 seconds taking corner v Everton – Sky Sports’ tweet backfires
on
Inside Hoda Kotb and Jenna Bush Hager’s ‘amazing’ luxury spring break vacations with their families
on
Inside Floyd Mayweather’s Lavish Lifestyle: A Look at His Stunning Car Collection and Private Jet
on
In
on
If Tom Cruise Ever Gets A Theme Park, Here’s What Movies Should Get Their Own Rides And Attractions
on
‘I Will Immediately Retire From Boxing and Fight Jorge Masvidal…’: Jake Paul Starts 2023 With a Bang
on
How The Other Half Fly: VistaJet Goes To Enviable Lengths To Make Air Travel Better For Your Body
on
Hollywood Reporter: Tom Cruise negotiated with movie studios over AI before the actors strike began
on
Growing number of sports bras, athletic wear found with high levels of toxic chemical, watchdog says
on
GM Cruise Setbacks And EV Profitability Concerns: Analyst Lowers Expectations for Future Investments
on
Fresno State at Nevada live stream, odds, channel, prediction, how to watch on CBS Sports Network
on
Ford Blue Cruise: US regulators investigate fatal crashes involving hands-free driving technology
on
Following Exchange With Caitlin Clark At News Conference, Columnist Won’t Cover Indiana Fever Games
on
Florida lawmakers introduce bills that would criminalize storming fields, courts at sporting events
on
FIU vs. Jacksonville State live stream, how to watch online, CBS Sports Network channel finder, odds
on
Erdogan to attend Turkey-Netherlands Euro 2024 quarterfinal amid diplomatic row with host Germany
on
East Carolina vs. Tulane basketball game postponed following death of Pirates announcer Jeff Charles
on
EA Sports College Football 25, among most anticipated sports video games in history, hits the market
on
Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019
on
Dozens of boats cruise the Seine in a rehearsal for the Paris Olympics’ opening ceremony on July 26
on
Dozens of boats cruise the Seine in a rehearsal for the Paris Olympics’ opening ceremony on July 26
on
Donovan Mitchell will be extra motivated to carry the Cavaliers, plus other best bets for Tuesday
on
Disney Cruise Line Announces New Fireworks Show and More Details About ‘Silver Anniversary at Sea’
on
Devout athletes find strength in their faith. But practicing it and elite sports can pose hurdles
on
Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
on
Death toll from Ian, storm-caused flooding crosses 50 people; remnants to dissipate over Virginia
on
David and Victoria Beckham so ‘Charmed’ by Tom Cruise They Have His Photos on Display at Their Home
on
Dave Portnoy: Taylor Swift’s security should ‘drag Kim Kardashian to jail’ if she attends Eras Tour
on
Dallas Cowboys Will “Bring You Nothing But Bad Luck”, Sports Media Vet Warns Luka Doncic’s Mavericks
on
Cruise worker accused of stabbing woman and 2 security guards with scissors on ship headed to Alaska
on
Cruise guest gets stuck on ‘claustrophobic’ water slide suspended over ocean: ‘That is super scary’
on
CONCEPT ART: New Details Revealed for Disney Cruise Line Lookout Cay at Lighthouse Point Destination
on
“Completely Tormented”: How Tom Cruise Was Almost Cast In The Shawshank Redemption (& Why He Wasn’t)
on
“Completely Knocked Me Out”: Rob Lowe Recalls Boxing Match With Tom Cruise On 1983 Brat Pack Classic
on
Comparing the Humongous Combined Wealth of Latest Business Partners Lewis Hamilton and Rory McIlroy
on
Colorado State vs. New Mexico live stream, channel, prediction, how to watch on CBS Sports Network
on
College basketball rankings: Virginia joins preseason Top 25 And 1, ready to contend for ACC title
on
College basketball rankings: Kansas helps Big 12 lead conference race for most Top 100 And 1 players
on
CBS Sports announces Matt Ryan will join NFL studio show. Longtime analysts Simms and Esiason depart
on
Can Tom Cruise Save The Box Office Again With Mission: Impossible – Dead Reckoning? An Investigation
on
Cam Newton’s Violent Public Incident Draws Hilarious Reaction From 3x All-Star: “Where Do I Sign Up
on
“Bro Is Jogging”: Resurfaced Video of Usain Bolt’s 9.84 Seconds Run, Leaves Sports World in Denial
on
Braun Strowman Reportedly Set for WWE Return Abroad on Promotional Tour After 6 Months Out Injured
on
Brad Keselowski Feels NASCAR Could Welcome New Manufacturer Soon Amid Martin Truex Jr’s Engine Tests
on
Boise State vs. Nevada live stream, odds, channel, prediction, how to watch on CBS Sports Network
on
Boise State vs. Air Force live stream, odds, channel, prediction, how to watch on CBS Sports Network
on
Big Tech companies will cover travel expenses for employees’ medical procedures, including abortion
on
Biden: ‘At this point I’m not’ planning to visit East Palestine, Ohio, after toxic train derailment
on
Best places to travel in 2023: National Geographic unveils list of top 25 destinations for next year
on
Ask Amy: Should I keep my RSVP simple and just gracefully decline or say I can’t afford the trip?
on
As more abortion bans occur, many patients must travel hundreds of miles for care – or be stranded
on
Air Force vs. Utah State live stream, how to watch online, CBS Sports Network channel finder, odds
on
After UFC Fallout, Conor McGregor Offers a Valuable Piece of Advice to Free Agent Francis Ngannou
on
A weaker dollar, skyrocketing prices and ‘record’ visitor numbers: Good luck in Europe this summer
on
A missile fired by Houthis strikes a US-owned vessel off Yemen in the Gulf of Aden, raising tensions
on
A heavy wave of Russian missile attacks pounds areas across Ukraine, killing at least 4 civilians
on
2023 NFL All-Rookie Team: CBS Sports draft expert, former GM unveil league’s best first-year players
on
$12M Worth Dawn Staley Sports Pricey Jordans While Witnessing Joel Embiid’s Suffering Against Knicks
on
Dozens of boats cruise the Seine in a rehearsal for the Paris Olympics’ opening ceremony on July 26
on
2023 NFL All-Rookie Team: CBS Sports draft expert, former GM unveil league’s best first-year players
on
If you’re a frequent traveler, these wrap tops from Aday will revolutionize your on-the-go wardrobe
on
2024 Super Bowl: CBS Sports Network and CBS Sports HQ to combine for 115 hours of weeklong coverage
on
Sports World Hails ‘Superwoman’ Lindsey Vonn for Her Grand Comeback Despite Career-Changing Injury
on
How Does Jack Nicklaus Travel? Exploring the Private Jets Owned by the ‘Golden Bear’ Over the Years
on
College basketball rankings: Kansas helps Big 12 lead conference race for most Top 100 And 1 players
on
A weaker dollar, skyrocketing prices and ‘record’ visitor numbers: Good luck in Europe this summer
on
Lamar Jackson: NFC side tipped to be ‘overwhelming’ Super Bowl favourites if they signed Ravens QB
on
ICC T20 World Cup 2022: “Love Cricket At All Levels, I’ll Watch Any Cricket, And Love Going There”
on
2023 NFL All-Rookie Team: CBS Sports draft expert, former GM unveil league’s best first-year players
on
Joe Manchin and Tommy Tuberville introduce bill on name, image and likeness rules for college sports
on
San Mateo County Community College District sues five companies over role in ‘pay to play’ scandal
on
If you’re a frequent traveler, these wrap tops from Aday will revolutionize your on-the-go wardrobe
on
“Completely Knocked Me Out”: Rob Lowe Recalls Boxing Match With Tom Cruise On 1983 Brat Pack Classic
on
Biden to tout bill’s prescription drug prices, energy provisions in pitch to Americans, aide says
on
Following Exchange With Caitlin Clark At News Conference, Columnist Won’t Cover Indiana Fever Games
on
Inside Out Mini Jawbreaker Puzzle Game from Disney Cruise Line Now Available at Walt Disney World
on
Katherine Paprocka allegedly embezzled nearly $600k from school for family vacations, IVF treatment
on
Johnny Knoxville Talks Jackass Stunts And How They Compare To Tom Cruise’s Mission: Impossible Work
on
Napoli owner admits he ‘knew’ Victor Osimhen would end up at ‘Real Madrid, PSG or one English club’
on
Camilla Parker Bowles Revealed the ‘Nicest Thing’ She and Prince Charles Do When They Travel Is Free
on
Russian cruise and ballistic missiles kill 4 in Ukraine and Ukrainian rockets kill 2 in Russian city
on
Can Tom Cruise Save The Box Office Again With Mission: Impossible – Dead Reckoning? An Investigation
on
Boise State vs. Air Force live stream, odds, channel, prediction, how to watch on CBS Sports Network
on
CONCEPT ART: New Details Revealed for Disney Cruise Line Lookout Cay at Lighthouse Point Destination
on
College basketball rankings: Kansas helps Big 12 lead conference race for most Top 100 And 1 players
on
Inside Floyd Mayweather’s Lavish Lifestyle: A Look at His Stunning Car Collection and Private Jet
on
Cruise guest gets stuck on ‘claustrophobic’ water slide suspended over ocean: ‘That is super scary’
on
David and Victoria Beckham so ‘Charmed’ by Tom Cruise They Have His Photos on Display at Their Home
on
Boston College vs. Army live stream, how to watch online, CBS Sports Network channel finder, odds
on
Big Tech companies will cover travel expenses for employees’ medical procedures, including abortion
on
Russian cruise and ballistic missiles kill 4 in Ukraine and Ukrainian rockets kill 2 in Russian city
on
A weaker dollar, skyrocketing prices and ‘record’ visitor numbers: Good luck in Europe this summer
on
GameFly Sale Offering Nintendo Switch Sports at a Mind-Blowing Price, Don’t Miss the Opportunity!
on
Ford Blue Cruise: US regulators investigate fatal crashes involving hands-free driving technology
on
San Mateo County Community College District sues five companies over role in ‘pay to play’ scandal
on
2024 Super Bowl: CBS Sports Network and CBS Sports HQ to combine for 115 hours of weeklong coverage
on
Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
on
2023 NFL All-Rookie Team: CBS Sports draft expert, former GM unveil league’s best first-year players
on
Devout athletes find strength in their faith. But practicing it and elite sports can pose hurdles
on
The Rev. Al Sharpton to lead protest after Florida governor’s ban of African American studies course
on
After UFC Fallout, Conor McGregor Offers a Valuable Piece of Advice to Free Agent Francis Ngannou
on
CONCEPT ART: New Details Revealed for Disney Cruise Line Lookout Cay at Lighthouse Point Destination
on
Saipan, placid island setting for Assange’s last battle, is briefly mobbed – and bemused by the fuss
on
CONCEPT ART: New Details Revealed for Disney Cruise Line Lookout Cay at Lighthouse Point Destination
on
David and Victoria Beckham so ‘Charmed’ by Tom Cruise They Have His Photos on Display at Their Home
on
Iowa State starting RB Jirehl Brock among latest college football players charged in gambling probe
on
Biden to tout bill’s prescription drug prices, energy provisions in pitch to Americans, aide says
on
Iowa State starting RB Jirehl Brock among latest college football players charged in gambling probe
on
The Rev. Al Sharpton to lead protest after Florida governor’s ban of African American studies course
on
Sports World Hails ‘Superwoman’ Lindsey Vonn for Her Grand Comeback Despite Career-Changing Injury
on
San Mateo County Community College District sues five companies over role in ‘pay to play’ scandal
on
Saipan, placid island setting for Assange’s last battle, is briefly mobbed – and bemused by the fuss
on
‘Pokémon Scarlet’ and ‘Violet’ Fan Theories Suggest Legendary Time Travel, Alternate Dimension Plot
on
Joe Manchin and Tommy Tuberville introduce bill on name, image and likeness rules for college sports
on
Inside the Michael Jordan ‘Air’ movie, plus why NFL, others are buying into the sports film industry
on
If you’re a frequent traveler, these wrap tops from Aday will revolutionize your on-the-go wardrobe
on
How Does Jack Nicklaus Travel? Exploring the Private Jets Owned by the ‘Golden Bear’ Over the Years
on
Hollywood Reporter: Tom Cruise negotiated with movie studios over AI before the actors strike began
on
Ford Blue Cruise: US regulators investigate fatal crashes involving hands-free driving technology
on
Dozens of boats cruise the Seine in a rehearsal for the Paris Olympics’ opening ceremony on July 26
on
Devout athletes find strength in their faith. But practicing it and elite sports can pose hurdles
on
Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
on
David and Victoria Beckham so ‘Charmed’ by Tom Cruise They Have His Photos on Display at Their Home
on
CONCEPT ART: New Details Revealed for Disney Cruise Line Lookout Cay at Lighthouse Point Destination
on
CBS Sports announces Matt Ryan will join NFL studio show. Longtime analysts Simms and Esiason depart
on
Boston College vs. Army live stream, how to watch online, CBS Sports Network channel finder, odds
on
Boise State vs. Air Force live stream, odds, channel, prediction, how to watch on CBS Sports Network
on
Biden to tout bill’s prescription drug prices, energy provisions in pitch to Americans, aide says
on
After UFC Fallout, Conor McGregor Offers a Valuable Piece of Advice to Free Agent Francis Ngannou
on
2024 Super Bowl: CBS Sports Network and CBS Sports HQ to combine for 115 hours of weeklong coverage
on
‘Best Intention’: Chris Kirk Has Absolute Trust in Jay Monahan and PGA Tour’s Widely Debated Model
on
2023 NFL All-Rookie Team: CBS Sports draft expert, former GM unveil league’s best first-year players
on
“Completely Knocked Me Out”: Rob Lowe Recalls Boxing Match With Tom Cruise On 1983 Brat Pack Classic
on
CONCEPT ART: New Details Revealed for Disney Cruise Line Lookout Cay at Lighthouse Point Destination
on
“Completely Knocked Me Out”: Rob Lowe Recalls Boxing Match With Tom Cruise On 1983 Brat Pack Classic
on
CBS Sports announces Matt Ryan will join NFL studio show. Longtime analysts Simms and Esiason depart
on
Carlos Sainz’s Soccer Fanboy Emerges as Spaniard Shares Defining Moment With This Real Madrid Legend
on
Biden: ‘At this point I’m not’ planning to visit East Palestine, Ohio, after toxic train derailment
on
‘Best Intention’: Chris Kirk Has Absolute Trust in Jay Monahan and PGA Tour’s Widely Debated Model
on
Ahead of big sports weekend, dispute with Disney leaves millions of cable subscribers in the dark
on
A heavy wave of Russian missile attacks pounds areas across Ukraine, killing at least 4 civilians
on
2024 Super Bowl: CBS Sports Network and CBS Sports HQ to combine for 115 hours of weeklong coverage
on
2023 NFL All-Rookie Team: CBS Sports draft expert, former GM unveil league’s best first-year players
on
Army vs. Coastal Carolina live stream, how to watch online, CBS Sports Network channel finder, odds
on
AL Rookie of the Year Julio Rodriguez Spreads Joy and Sportsmanship to the Youth of Loma de Cabrera
on
After UFC Fallout, Conor McGregor Offers a Valuable Piece of Advice to Free Agent Francis Ngannou
on
Dubai International Airport sees 41.6 million passengers in first half of year, more than in 2019
on
Devout athletes find strength in their faith. But practicing it and elite sports can pose hurdles
on
Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
on
Dave Portnoy: Taylor Swift’s security should ‘drag Kim Kardashian to jail’ if she attends Eras Tour
on
CONCEPT ART: New Details Revealed for Disney Cruise Line Lookout Cay at Lighthouse Point Destination
on
“Completely Knocked Me Out”: Rob Lowe Recalls Boxing Match With Tom Cruise On 1983 Brat Pack Classic
on
CBS Sports, Serie A announce new TV rights deal; Paramount+ to air over 400 Italian soccer matches
on
Cam Newton’s Violent Public Incident Draws Hilarious Reaction From 3x All-Star: “Where Do I Sign Up
on
Boston College vs. Army live stream, how to watch online, CBS Sports Network channel finder, odds
on
Angel Reese Launches Foundation Dedicated To Empowering Women Through Sports & Financial Literacy
on
A weaker dollar, skyrocketing prices and ‘record’ visitor numbers: Good luck in Europe this summer
on