Different factors come into play when calculating the premium for travel insurance. It is also necessary to differentiate between types of insurance: annual or temporary.
In the case of annual insurance, the cost is often fixed and may vary depending on the geographical extent of the coverage (Europe/World) and the number of people to be insured (Individual, couple, family).
Since annual insurance covers all trips of the insured over 365 days, the price will be determined based on market practices and claims history.
For the calculation of temporary insurance prices, it will be more dynamic and may potentially take into account several factors (depending on the insurer), among the following:
Travel insurance prices can vary greatly depending on the factors mentioned above. Here are some examples of average rates for different types of travel:
The choice of insurance coverage depends on what you are looking for.
For more information, feel free to consult our article: 10 key elements to check before choosing your travel insurance.
The choice can be quite easy: ask yourself if you plan to travel more than 3 times in the next 365 days and if you are traveling with family. If the answer is yes, take out annual travel insurance ! It is financially more advantageous and allows you to travel whenever you want without any questions. The number of trips covered is often unlimited. However, be careful with the automatic renewal of your insurance if you do not want it to continue for an additional year. At Europ Assistance Switzerland, we let our insured choose whether or not to extend their insurance: there is no automatic renewal.
If you travel infrequently and for short durations (less than 15 days), temporary insurance will be more relevant for you: you then insure each trip separately. Be careful, we strongly advise you to take out insurance as soon as possible when you have your travel dates because cancellation coverage is then valid from your subscription.
In any case, note that the list of coverages is important, but the reimbursement amounts are also crucial. Depending on the insurers, they can vary greatly, and sometimes the maximum reimbursed amount will only cover a small part of your expenses in case of unforeseen events.
Some insurers offer very affordable premiums, but if you look in detail, there are often low reimbursement amounts and especially deductibles, particularly on cancellation coverage. Read the General Terms and Conditions of Insurance carefully to be sure of the amounts.
We offer annual or temporary travel insurance to provide guarantees for all types of travelers. We have no maximum age limit and cover you worldwide. We offer packages, meaning we always include the two coverages we consider essential: cancellation and assistance, to which other guarantees are added for our COMFORT options, such as baggage coverage, medical expense coverage, and the Dogs & Cats extension…
Discover all our options and calculate your premium for free.