USA Travel Insurance Price Guide: What You Should Know
19 May 2025
5 Mins Read
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The United States of America is one of the most traveled places for Indians. Whether for higher studies, employment, or permanent residency, thousands and lakhs of Indians go to the US every year to fulfil their dreams.
But while fulfilling your dreams away from home, you also need to take care of your security, which can be comfortably ensured by travel insurance USA.
Travel insurance for the USA protects you in the following situations:
- Medical emergencies
- Delayed or missed flights
- Lost luggage, passport
- Trip interruptions or extensions due to poor weather conditions or geopolitical tensions
Having said that, the USA travel insurance price or the premium to the insurance company depends on various factors. These factors decide whether your premium price will be higher or lower.
Here, we will discuss all these factors briefly.
What Are the Factors Affecting the USA Travel Insurance Price?
The travel insurance market in the USA is expected to grow at a CAGR of 14.4% from 2024 to 2030.
Again, India has a growing travel insurance market, which is expected to reach 3,764.6 million by 2030.
In this growing scenario, the insurance companies offer various policies with varying premium rates to cover important expenses.
And the USA travel insurance price depends on the following factors.
1. Destination Country
The destination country plays a great role in affecting your travel insurance premium price.
If you are travelling to an expensive or relatively dangerous location, it can increase your medical expenses in the event of any emergency.
Being an expensive country, the USA would mean you need good travel insurance coverage to cover any such expenses.
2. Age and Number of Travellers
When you buy travel insurance, other factors that come into play are the age and number of travellers.
If you are travelling solo to the USA, then you only have to pay a travel insurance premium for yourself.
However, suppose you are travelling in a group, say with your family. In this case, the travel insurance USA premium is calculated based on the age and health conditions of all the members.
This increases the premium price significantly.
3. Type of Plan
Several types of travel insurance plans are available, depending on the policy buyers’ requirements.
These include individual travel insurance, student travel insurance, family travel insurance, senior citizen travel insurance, and single-trip and multi-trip travel insurance.
Each plan has different features and coverage benefits, which also affect its price. Whatever plan you choose will determine the premium price of your travel insurance in the USA.
4. Add-On Covers for Travel Insurance
Along with the base plan, you can also opt for an add-on cover while buying travel insurance for the USA.
Add-on covers provide additional coverage for a specific type of loss or expense.
When you choose to buy travel insurance with add-ons, the price of your premium increases. Thus, choose the add-ons that are necessary for you.
5. Medical Condition
Another factor that affects the premium price of travel insurance in the USA is the policyholder’s medical condition.
It is a standard rule that travel insurance does not provide coverage for pre-existing illnesses.
Even if some insurance providers provide coverage as an add-on, they might charge a higher cost, thus increasing the cost of your travel insurance in the USA.
How to Manage the USA Travel Insurance Price? Practical Tips That Work
Travelling to an expensive country like the USA already costs lakhs.
So, to reduce your financial burden, here are some ways you can manage your travel insurance cost without compromising your safety.
- If you frequently travel to the USA for any reason, such as studies, employment, business deals, etc., it is advised that you buy multi-trip travel insurance for the USA.
- While choosing a plan, buy travel insurance that allows you to customise it. This way, you can add or drop add-ons according to your changing needs and do not have to pay for unnecessary coverage.
- Compare multiple plans before choosing one. Use the online plan comparison tool and get quotes from multiple policy providers. Then buy the plan that provides you with adequate coverage within your budget.
- Always read your policy documents carefully. Understand each term and condition and clarify any doubts. You do not want to miss any hidden costs or conditions that might lead to extra expenses or hurdles during the claim procedure.
The Changing World of Travel Insurance And the Impact on Travel Insurance Price
Today, 85% of travelers in India are willing to buy travel insurance. This trend is more common among Indians who are going on a foreign trip.
However, amidst this growing demand for travel insurance, we can see various crucial changes in how the insurance companies or services function.
If we specifically consider the pricing of insurance policies, we will find out that the pay-per-day and the on-demand features are two major changes.
Travelers on a budget, students, and digital nomads can benefit the most from these shifts in the pricing model.
In a pay-per-day or on-demand insurance, you need to only buy the coverage for the number of days you are traveling.
With the premium of your insurance being duration-based, you can now avoid the unnecessary expenses.
Again, you can now choose a micro-insurance policy to cover areas such as lost luggage, injury in adventure sports, delayed flights, etc.
These policies allow you to be in charge of your insurance expenses.
Secure Your USA Trip with TATA AIG’s Affordable Travel Insurance
The USA is a great place to visit, be it for tourism, studies, or work. But as secure as the country is, emergencies and accidents can happen anywhere.
As an Indian citizen travelling to the USA, it is best to be insured before your trip.
TATA AIG travel insurance plans for the USA are a great choice, starting at an affordable price of only ₹24.8 per day.
Their plans include several coverage benefits, like:
- Emergency hospitalisation
- Emergency evacuation
- Lost or delayed baggage coverage
- Personal liability coverage
- Flight delays
Moreover, they offer 24*7 assistance and an easy option to buy and claim travel insurance online.
With TATA AIG, you can buy a customised USA travel insurance plan for your specific needs at a price that suits your budget.
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