Calculator inputs
Example scenario table
| Scenario | Area | Trip type | Trip cost | Days | Oldest age | Risk | Plan | Medical | Key add-ons | Estimated premium |
|---|---|---|---|---|---|---|---|---|---|---|
| City break | International | Single | USD 1200 | 5 | 29 | Low | Standard | 50,000 | Cancellation, baggage, evacuation | USD 70-140 |
| Family holiday | Worldwide | Single | USD 4800 | 12 | 44 | Medium | Comprehensive | 100,000 | Cancellation, baggage, COVID | USD 320-560 |
| Work travel year | Worldwide incl US/Canada | Annual | USD 3000 | Max 21 | 36 | High | Premium | 250,000 | Business, electronics, evacuation | USD 680-1200 |
Formula used
This estimator uses a factor-based model for transparent scenario planning:
BasePremium = TripCost × Days × BaseRatePerDay
CorePremium = BasePremium × RiskMult × PlanMult × AreaMult × AgeMult × MedicalFactor × DeductibleMult × GroupMult × AnnualMult
Subtotal = CorePremium + AddOns + ProviderLoading
AfterDiscount = Subtotal − (Discount% × Subtotal)
TotalPremium = AfterDiscount + (Tax% × AfterDiscount) + PaymentFees
Multipliers and add-ons are heuristic values, not insurer quotes.
How to use this calculator
- Enter trip cost, travelers, and oldest traveler age.
- Pick a duration mode and provide days or dates.
- Select coverage area, risk level, and plan level.
- Set medical limit and deductible for your comfort.
- Toggle add-ons like evacuation, COVID, or electronics.
- Choose payment mode, then apply taxes and discounts.
- Press Calculate and review charts and breakdown.
Pricing drivers you can quantify
This calculator models premium using trip cost, insured days, and rating factors. Core cost begins with a daily rate applied to trip cost, then scales by coverage area, destination risk, plan level, oldest traveler age, medical limit factor, deductible factor, group factor, and (if selected) an annual multi-trip factor. This structure helps you isolate which variable moves the estimate most.
Coverage area and risk multipliers
Coverage area can shift pricing meaningfully: domestic travel is usually cheaper than international, while worldwide plans and plans including the United States or Canada often cost more. Destination risk adds another multiplier, reflecting higher probabilities of medical claims, evacuation, and assistance needs. Use these selectors to test conservative versus optimistic scenarios.
Medical limit and deductible tradeoffs
Medical limits increase premium through a capped square-root factor, preventing unrealistic jumps while still rewarding sensible choices. Deductibles reduce premium with step-based factors; higher deductibles often lower cost but increase out-of-pocket exposure. The deductible sensitivity plot compares totals at common levels so you can choose a balance between price and risk.
Add-ons that reflect itinerary complexity
Add-ons model practical travel patterns. Cancellation scales with the covered portion of trip cost. Baggage, electronics, and concierge add smaller, predictable increments. Evacuation, cruise, COVID, business travel, sports, rental coverage, and pre-existing waivers apply percentage loads to the adjusted core premium. These options clarify which protections drive higher totals.
Scenario testing and exports
Use the component chart to confirm where money is spent: core premium versus riders, provider loading, tax, fees, and discounts. Then compare totals with the trip cost sensitivity plot to understand budget impact if trip spend changes. Export CSV for spreadsheets and PDF for records or client discussions.
FAQs
Is this a real insurance quote?
No. It is an educational estimator using transparent multipliers and add-on loads. Real quotes depend on insurer filings, underwriting rules, destination, medical history, and policy wording.
Which age should I enter?
Enter the oldest traveler’s age. Many travel policies rate by the highest age in the group, because claim probability and medical severity generally increase with age.
How are dates converted into insured days?
When you choose date mode, the calculator uses an inclusive count: end date minus start date plus one. This matches how many plans treat travel dates for coverage periods.
What does provider loading represent?
Provider loading simulates insurer expenses, commissions, operational costs, and margin. It helps you understand how non-benefit pricing components can affect final premium.
Why do add-ons use percent loads?
Some riders track claim exposure that scales with the core premium, not just a flat fee. Percent loads approximate that relationship, keeping scenarios consistent as risk factors change.
How should I use the sensitivity charts?
Sensitivity charts show how totals change under one-variable shifts. Use them to choose deductibles and to stress-test trip cost changes before paying deposits or upgrading benefits.