On average, standard travel insurance policies with trip cancellation coverage cost between 5% and 10% of your total trip costs.
Your trip protection plan will cost 40% to 50% more if you add optional CFAR.
According to our survey of eight travel insurance providers, the average cost of CFAR is $223.
The study was based on a 28-year-old Florida resident who spent ten days traveling to Costa Rica for $3,500.
Remember that expenses can change broadly by safety net provider.
In our review, we found expenses as low as $121 and as high as $315. Compare coverages and prices before purchasing a trip insurance plan.
