What affects the cost of travel insurance to Thailand?
- Coverage
- Trip Duration
- Age
- Number of travelers
- Departure
- Destination: cover at destination only or multi countries cover
- Trip Cost
One significant factor that can vary the cost of travel insurance to Thailand is the provider you choose.
We’ve put this article together with the help of LUMA’s Product Team, experts in travel insurance, to compare different providers based on various factors to help you find the best deal for your travel insurance to Thailand.
Average Cost of Travel Insurance to Thailand
Coverage
The level of coverage you select directly influences the premium. Basic policies, like those offered by local providers like Tune Protect, may start with a minimum medical coverage of 50,000 THB. However, more comprehensive plans from international providers like LUMA Asia Pass can extend to unlimited medical expenses coverage, offering maximum protection.
Compare Thai Travel Insurance Providers vs International Providers:
| Provider | Plan Name | Duration | Medical Cover Amount | Cost | Indicative prices, subject to change by providers without notice. * Actual price may vary according to country of departure |
|---|---|---|---|---|
 Tune Protect | iSmile Lite | 14 days | 50,000 THB | 390 THB |
 World Nomads | Explorer | 14 days | Unlimited | 4,317 THB |
 LUMA
| Adventurer | 14 days | Unlimited | 3,706 THB* * Actual price varies with country of departure |
 Genki | Explorer | 14 days | Unlimited | 5,611 THB |
The type of travel insurance you choose will also impact the cost. Single-trip policies are typically less expensive than multi-trip policies, which provide coverage for multiple trips within a specified period.
Moreover, adding specific coverage add-ons such as coverage for specific sports, or insuring specific items (ex laptop or camera) will increase the total premium.
By Trip Duration
Longer trips generally require higher premiums. However, the cost per day often decreases as the trip length increases. Some insurance offers the option to extend the cover annually to allow multiple trips in the year eliminating the need for single policies for each trip.
Compare UK Travel Insurance Providers:
| Provider | Plan Name | Duration | Single Trip or Multi-Trip | Medical Cover Amount | Cost | Indicative prices from the UK to Thailand, subject to change by providers without notice. |
|---|---|---|---|---|---|
 Post Office Travel Insurance | Economy Single Trip | 14 days | Single Trip | 5,000,000 GBP with a 125 GBP excess per claim | 66.55 GBP (about 2,870 THB) |
| Post Office Travel Insurance | Economy Annual Multi-Trip | 14 days | Multi-Trip | 5,000,000 GBP with a 125 GBP excess per claim | 87.74 GBP (about 3,784 THB) |
|
LUMA
| Essential | 14 days | Multi-Trip | 200,000 USD, no excess | 32 GBP (about 1,467 THB) * Actual price varies with country of departure |
By Age
Many travel insurance providers, especially from Australia, offer different premiums based on your age. Older travelers may face higher rates due to increased health risks (or in some cases a reduced cover compared to other ages).
For LUMA Asia Pass, the age does not affect the insurance cost.
LUMA Asia Pass extends coverage for travelers up to 75 years old. as LUMA Asia Pass, which extends coverage up to 75 years old.
Compare Australian Travel Insurance Providers:
| Provider | Plan Name | Duration | Medical Cover Amount | Age of Traveller | Cost | Indicative prices from Australia to Thailand, subject to change by providers without notice. |
|---|---|---|---|---|---|
 Budget Direct | Basic | 14 days | Unlimited with a 100 AUD excess per claim | 35 years old | 97.27 AUD (about 2,173 THB) |
| Budget Direct | Basic | 14 days | Unlimited with a 100 AUD excess per claim | 60 years old | 109.55 AUD (about 2,447 THB) |
 Allianz | Basic | 14 days | 20,000,000 AUD with 100 AUD excess per claim | 60 years old | 137.66 AUD (about 3,075 THB) |
| Allianz | Basic | 14 days | 20,000,000 AUD with 100 AUD excess per claim | 35 years old | 130.77 AUD (about 2,775 THB) |
|
LUMA
| Essential | 14 days | 200,000 USD, no excess | Any age between 1 month old to 75 years old | 75 AUD (about 1,675 THB) * Actual price varies with country of departure |
By Number of Travelers
While travel insurance costs typically increase with the number of travelers, some providers offer discounts for families or groups traveling together. In certain cases, children may even be covered for free.
Special for groups: With LUMA Asia Pass you can conveniently buy travel insurance online for up to 10 persons at a time. If you are looking to purchase for bigger groups, reach out to our teams to facilitate the process.
By Trip Departure
The cost of a travel insurance to Thailand can vary depending on your departure point. Most insurance providers will vary the price based on which country you depart from. Note that many providers restrict departure from a specific country only (ex: Chubb Travel Insurance is available only for trips departing from the US).
By Destination
The scope of your travel coverage, whether limited to Thailand or extended to neighboring countries, will also influence the cost of your travel insurance. Many travelers coming to Thailand take the opportunity to explore neighboring countries. Purchasing a single policy to cover their entire trip rather than buying separate policies for each country can be a more convenient and cost-effective option.
By Trip Cost
The total cost of your trip may influence the premium you pay for travel insurance. This is mainly because if your trip is expensive, the potential cost of canceling or interrupting the trip due to unforeseen circumstances is also higher. Insurance companies need to be able to cover these costs if you need to file a claim and adjust their premiums accordingly.
Compare US Travel Insurance Providers:
| Provider | Plan Name | Duration | Trip Cost | Cancellation Cover | Cost | Indicative prices from the US to Thailand, subject to change by providers without notice. |
|---|---|---|---|---|---|
 World Trips | Economy | 14 days | 1,000 USD | Up to 100% of Trip Cost, max 10,000 USD | 45 USD |
| World Trips | Economy | 14 days | 3,000 USD | Up to 100% of Trip Cost, max 10,000 USD | 113 USD |
 AIG | Travel Guard Essential Plan | 14 days | 1,000 USD | Up to 100% of Trip Cost | 148.25 USD |
| AIG | Travel Guard Essential Plan | 14 days | 3,000 USD | Up to 100% of Trip Cost | 233.88 USD |
|
LUMA
| Explorer | 14 days | Any | 1,000 USD | 66 USD * Actual price varies with country of departure |
|
LUMA
| Explorer | 14 days | Any | 3,000 USD | 112 USD * Actual price varies with country of departure |
Is Travel Insurance Worth It?
When planning a trip to Thailand, it’s essential to consider the potential risks and protect yourself with adequate travel insurance. While the cost may seem like an additional expense, the benefits can far outweigh the premium.
High Cost of Medical Expenses in Thailand
Even if generally lower than in many Western countries, medical expenses in Thailand can be substantial. Without travel insurance, you could face significant costs in case of illness or injury. Even minor ailments can lead to unexpected medical bills.
Cover Unexpected Trip Changes
For long trips and/or for trips involving significant expenses, it’s advisable to consider comprehensive cancellation coverage. This can provide financial protection in case you need to cut your trip short due to unforeseen circumstances.
By having cancellation coverage, you can potentially recover some of the costs that you would otherwise have to forfeit without insurance, such as non-refundable flights or accommodations.
Covers Loss, Delay or Damage to Baggage
Long trips, especially those with multiple connections, increase the risk of baggage loss or delays. Ensure your travel insurance provides adequate coverage to compensate for essential items you may need to purchase while waiting for your luggage to arrive.
Tips for choosing the Best Travel Insurance Deal
- Medical Provider Selection: Understand the policy’s restrictions regarding medical provider choice.
- Coverage Start Date: Determine if there’s a waiting period before coverage begins and if any excess amounts apply.
- Activity Coverage: Check which activities are covered and excluded under the policy.
- Cancellation Conditions: Review the terms for canceling the policy and receiving a refund.
- Read Reviews: Research customer reviews and experiences with the insurance provider.
- Policy Review: Always carefully read the entire policy to understand its terms and conditions.
Ultimately the cost of travel insurance to Thailand depends on your trip. Whether it’s worth it or not depends on your comfort level with risk.
Remember to carefully review the terms and conditions of the policy before purchasing. Otherwise, safe travels!
