Travel insurance average: Australia

Insurance Hunter has been doing a series of posts exploring the various prices of travel insurance for trips around the world. Throughout it all, we’ve realize that one of the biggest factors affecting travel insurance prices for Canadians, are the various demographics of those applying for the insurance. Using different demographic parameters to explore prices, we started our journey with North America, and then moved to South America, Europe, and Africa. For our next trip, we are hopping on a plane and visiting the dingoes over in Australia.

While calculating the travel insurance prices for a trip to Australia, we stuck to the same 5 leading travel insurance providers we have used for all the past case studies: Escapade, Blue Cross, AIG Travel Guard, Sun Life/RSA, and Medipac. For calculating the price of travel insurance for a trip to Australia however, we experimented with different demographic parameters, in hopes of continuing to widen the scope of the analysis.

Primary demographic parameters

  • Destination: Australia
  • Province of departure: Ontario
  • Duration: 6 weeks
  • Gender: Female
  • Age: 28
  • Cost of trip: $5,000
  • Deductible (if asked): $0
  • Existing medical conditions (if asked): None
  • Smoker status (if asked): Non-smoker
  • Number of additional travelers: None
  • Coverage type: All-inclusive
  • Package type: Single (non-annual)

Insurer

Cost

Escapade

$373.00

Blue Cross

$390.93

AIG Travel Guard

$424.44

Sun Life/RSA

$378.00

Medipac

$418.18

Average: $396.91

 

Modified demographics

Province of departure modified to British Columbia

Insurer

Cost

Escapade

$373.00

Blue Cross

$375.80

AIG Travel Guard

$393.00

Sun Life/RSA

$350.00

Medipac

$396.90

Average: $377.74

 

Trip duration modified to 6 months, and cost of trip modified to $10,000

Insurer

Cost

Escapade

$733.00

Blue Cross

$1337.60

AIG Travel Guard

$887.76

Sun Life/RSA

$756.00

Medipac

$1369.00

Average: $1016.67

 

Age modified to 65

Insurer

Cost

Escapade

$642.00

Blue Cross

$718.19

AIG Travel Guard

$776.52

Sun Life/RSA

$432.00

Medipac

$533.88

Average: $617.32

 

The above prices were calculated to determine the cost of the most comprehensive travel insurance. If you don’t feel like that much coverage is necessary for your trip, there are different types of travel insurance you can get that meet your needs. 

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