Age is one of the main factors determining the cost of travel insurance. Older travelers have a higher risk of developing health issues, so the cost of travel insurance rises with age.
Length of trip
Another factor affecting the cost of travel insurance is the length of the trip. The longer the trip, the greater the risk that something may happen.
If you have pre-existing health conditions, travel insurance costs are higher due to the associated risks of requiring treatment. Medical care expenses overseas, emergency medical transportation benefits, and travel delays due to health conditions affect this cost.
The cost of travel insurance can increase if coverage includes baggage loss/delay coverage, trip cancellation and other special riders.