Find out from the insurance company the average rate or percentage it charges. The cost of the basic travel insurance is generally a percent of the total price of the trip -- anywhere from 4 to 12 percent is typical. The basic travel insurance covers the cost of the trip in the event of cancellations (for specific reasons) and medical emergencies. Multiply the total price of the trip times the estimated insurance quote rate to get the cost of the insurance.
Add any extra travel medical insurance. Since the basic travel insurance covers medical emergencies, you may want to add to the policy to include non-emergency services as well. Review your current health insurance plan and check to see if it covers any medical services outside of your state or the country before purchasing unnecessary insurance.
Estimate the cost of having "cancel for any reason" coverage. Generally, the basic travel insurance covers cancellations only for specific reasons. If you get "cancel for any reason" coverage, other situations for canceling are included, but it may cost you extra.
Save on the purchase of your travel insurance by looking around. Search for online travel insurance companies and get free quotes. Compare the prices and services provided.
