Travel Insurance Claims Paid Out 8X Policy Premium in 2022
New data reveals travelers who filed a travel insurance claim saved an average of $1,891 in 2022.
Squaremouth.com, the leading US travel insurance marketplace, reports that travelers spent an average of $266 per policy last year, and received an average reimbursement of $2,157 when filing a claim.
Claim payouts ranged drastically depending on the benefit, from an average of $213 to more than $80,000, exceeding the policy cost by 8 times on average.
Medical Evacuation Payouts Averaged More Than $80,000 in 2022
In 2022, the three highest travel insurance claim payouts came from medical evacuations, and canceled or interrupted trips.
Notable stats:
- Cancellation claims reimbursed travelers $4,110 on average
- The highest paid claim was for a traveler who was medically evacuated, resulting in a payment over $223,000
Delays and Cancellations Account For Nearly Two Thirds of Paid Claims
Most travelers filed claims due to their trip being delayed or canceled.
Notable stats:
- Travel Delay was the most commonly paid out claim in 2022 with 25%
- Pre-departure cancellations accounted for more than 21% of all paid claims last year
- One in five paid claims was related to a medical emergency
| Claim Type | Avg Claim | Highest Claim | % of Claims |
| Medical Evacuation | $82,896.39 | $223,100.82 | 0.22% |
| Trip Cancellation | $6,448.24 | $207,894.00 | 18.99% |
| Trip Interruption | $1,992.07 | $27,818.28 | 18.48% |
| Cancel For Any Reason | $1,592.35 | $7,417.78 | 2.09% |
| Emergency Medical | $763.56 | $18,847.91 | 21.73% |
| Travel Delay | $610.37 | $3,600.00 | 24.69% |
| Missed Connection | $281.69 | $736.92 | 3.90% |
| Baggage Loss | $271.72 | $1,000.00 | 4.91% |
| Baggage Delay | $213.05 | $434.02 | 4.98% |
Methodology: Squaremouth analytics compared travel insurance claims data from Tin Leg between January 1 and December 31 of 2019 to 2022 to compare policy prices to claim payouts. Tin Leg is a travel insurance provider and member of The Squaremouth Group since 2014.
Notes to editors
Available Topic Expert: Megan Moncrief, President, is available for comment and interview. mmoncrief@squaremouth.com (727) 378-0938
About Squaremouth: Squaremouth.com has insured over 3 million travelers. Using Squaremouth’s intuitive quoting and comparison engine, award-winning support team, and verified customer reviews, travelers can save time and money to find the best travel insurance policy for their trip.