Travel Insurance In The Philippines: How Much Does It Cost?
2 min readTravel insurance (or travelers’ insurance) is a safety net for restorative costs while you are on the move, which is applicable to both local and international travels. The cost varies, depending on the destination, trip duration, and the extent of coverage.
Aside from covering restorative expenses on your trip, insurance premiums also cover numerous compensation for other related unfavorable situations.
Many Filipino travelers consider insurance as a non-essential when traveling. However, mishaps are unavoidable and you cannot fully rely on the services of most airlines.
As a smart passenger, it is your duty to ensure that you are secured and protected from all the incidents that may happen during your travel.
Some travel worries that you might encounter are loss or delay of baggage, cancelled flight, delayed departure, missed connecting flight, missed departure, as well as loss of important documents and identification.
(Read: Why Do I Need Travel Insurance?)
While many think that obtaining a premium is just an additional expense, travel insurance is actually a big help to cut back on the unexpected expenses brought about by sudden accidents.
Many of these common sudden mishaps that are out of control—even by the airlines—involve a hefty cost. Aside from thinking about the travel insurance cost, travelers should also consider what is best for their needs.
How travel insurance costs vary
The basic premium covers flight delays, personal property baggage, assistance on medical emergency, as well as personal accident. Plot your travel itinerary and other related whereabouts to determine the most suitable coverage for you and your family. This way, you get the most out of the money you spend.
To give you an idea, check out our sample travel insurance cost estimates below:
Sample Travel Insurance computation for Individual Adult Passenger
| Domestic | Asia | Schengen | Worldwide | Worldwide (excluding US, HK, Canada) | |
| Single trip (5 days) |
₱419 to ₱1,667 Medical coverage ₱300,000 to $50,000 |
₱561 to ₱673 Medical coverage $20,000 to $50,000 |
₱818 to ₱1,937 Medical coverage EUR30,000 to EUR60,000 |
₱569 to ₱2,072 Medical coverage ₱500,000 to EUR60,000 |
₱303 to ₱1,937 Medical coverage ₱500,000 to $50,000 |
| Multiple trips (up to 60 days) |
₱5,124 to ₱12,432 Medical coverage |
₱12,714 to ₱16,332 Medical coverage $20,000 to $50,000 |
₱14,009 to ₱29,205 Medical coverage $50,000 to EUR60,000 |
₱6,404 to ₱25,779 Medical coverage ₱500,000 to $60,000 |
₱5,765 to ₱14,009 Medical coverage ₱500,000 to $50,000 |
| Annual trip |
₱19,917 to ₱24,443 Medical coverage $20,000 to $50,000 |
₱31,713 to ₱43,744 Medical coverage EUR30,000 to EUR60,000 |
₱26,168 to ₱38,612 Medical coverage $20,000 to $60,000 |
Sample Travel Insurance computation for Family Package (One Adult, 2 Children below 17 years old)
| Domestic | Asia | Schengen | Worldwide | Worldwide (excluding US, HK, Canada) | |
| Single trip (5 days) |
₱697 to ₱4,099 Medical coverage: P300,000 to $50,000 |
₱1,210 to ₱1,484 Medical coverage $20,000 to $50,000 |
₱1,821 to ₱4,775 Medical coverage EUR30,000 to EUR60,000 |
₱1,405 to ₱5,135 Medical coverage P500,000 to EUR60,000 |
₱1,255 to ₱4,775 Medical coverage P500,000 to $50,000 |
| Multiple trips (up to 60 days) |
₱31,013 to ₱39,832 Medical coverage $20,000 to $50,000 |
₱54,809 to ₱71,345 Medical coverage $50,000 to EUR60,000 |
₱42,663 to ₱63,014 Medical coverage $20,000 to $60,000 |
||
| Annual trip |
₱46,463 to ₱59,692 Medical coverage $20,000 to $50,000 |
₱77,537 to ₱105,594 Medical coverage EUR30,000 to EUR60,000 |
₱63,939 to ₱94,465 Medical coverage $20,000 to $60,000 |
Pro tip:Â Do your research before making the purchase. Use a travel insurance cost calculator and review each coverage thoroughly.
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