Travel Insurance Statistics 2024
Wanderlust has hit many Americans, with this year promising to be an even busier travel year than 2023.
Nearly all American adults (94%) have travel plans in the next six months, according to a recent survey from Longwoods International.flight delay compensation, there may be costs you incur that aren’t covered in full. If you’re worried about losing your investment on an amazing trip you’ve planned, travel insurance is a smart investment.
To help Americans prepare for upcoming travel, Forbes Advisor analyzed the latest available data to uncover the most common travel disruptions, top traveler concerns, and destinations where travelers are most likely to encounter travel problems.
Travel Insurance Statistics at a Glance
- Between 2020 and 2022, Americans spent nearly $4.27 billion on all types of travel protection.travel insurance in 2024, these were the most important benefitstravel insurance for seniors and affordable travel insurance.
Here are some facts about travel insurance:
- The average cost of travel insurance is 5% to 6% of your trip costs, according to a Forbes Advisor analysis of travel insurance rates.senior travel insurance policy.American Travel Sentiment Study, June 2024
- Bureau of Transportation Statistics
- US Travel Insurance Association
- SquareMouth
- Forbes Advisor: Average Cost Of Travel Insurance 2024
- Forbes Advisor: The Worst Cities For Summer Travel, Ranked
- Numbeo
- The Economist: Safe Cities Index
Visit our hub to view more statistics pages.
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