Travel insurance marketplace reveals budget-friendly destinations for spring

The cost of spring travel this year has gone up by more than 11%, according to US-based travel insurance marketplace Squaremouth.

According to spring travel data published by Squaremouth, the average trip cost this year stands at $7,719; in 2023, the average price was $6,943; in 2022, $6,599; and in 2021, $6,172.

“High trip costs can result in significant financial loss if you need to unexpectedly cancel your trip,” Squaremouth said. “If you plan on traveling this spring, consider a comprehensive travel insurance plan with trip cancellation to protect your trip investment.

“These plans can cover up to 100% of your prepaid, non-refundable trip expenses, such as hotels and airfare, if you are forced to cancel for a covered reason.”

Meanwhile, in response to “higher than ever” travel prices, Squaremouth compiled a list of popular spring destinations with the lowest average in terms of trip costs.

The most popular destination, based on travel insurance policies sold, is Italy. According to Squaremouth, the average trip cost for this European favorite is $10,075.

“Many Americans are traveling long distances this spring, often with connecting flights,” added Squaremouth. “If you’re concerned about delays or missing a connecting flight, we recommend protecting your trip with a policy with strong travel delay and missed connection benefits.”

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