With Travel Costs Rising in 2025, Is Trip Insurance Worth It? | Global News Avenue

According to a recent survey from travel insurance marketplace Squaremouth, people are eager to travel in 2025, but they are feeling the pressure of rising prices and want to get the most for less.

More than half of respondents said they expect travel costs to be higher this year than in 2024. Squaremouth data shows the average trip cost is expected to exceed $7,200, a 24% increase from 2024. The company expects the average cost of international travel to be close to $10,000, an 11% increase from last year.

As a result, it is thought that fewer trips will be taken this year. Nearly three-quarters of respondents said they plan to take up to two trips in 2025; by 2024, half plan to take more than two trips.

Squaremouth found that people want to get more out of less frequent trips. Three-quarters of respondents said they planned to travel somewhere new this year, and 40% said they wanted to check off a bucket-list destination.

Travel insurance recommended for “remote areas” or “high risk adventure activities”

Of course, the more money one spends on travel, the more money one will lose if something goes wrong, such as a canceled flight or illness. Here’s Why Experts Recommend Travelers to Take a More Expensive Trip Consider travel insurance.

“People should consider travel insurance when traveling involves any significant risk or financial commitment,” said Jenna Hummer, communications director at Squaremouth. Investment Encyclopedia in an email. “This isn’t always necessary for short, low-cost trips, but for more expensive or complex trips it’s worth considering, especially if you plan to visit remote areas or engage in high-risk adventure activities. “

Hummer says it’s worth the time Compare insurance options Find policy best price and coverage that suits your needs. “If you’re traveling for adventure, make sure you have coverage for hazardous activities like hiking, scuba diving, or skiing. If you’re traveling with valuable electronics, check to see if your policy includes coverage for lost or stolen items.”

She also noted the importance of checking the fine print of your insurance policy to make sure you understand what is covered. “Some policies may cover medical emergencies but not trip cancellations due to weather, or may not cover pre-existing conditions unless you purchase additional coverage,” she says. “Always, always check the details.”