Travel insurance claims and payouts are on the rise. Here's why travelers on these types of trips should consider protection.

According to data from SquareMouth, a travel insurance comparison site, the overall average cost among all single trip travel insurance policies purchased on their site in 2023 was $283.

Also, keep in mind that where you're traveling and how many people are taking the trip will affect your exact premium. The average travel insurance premium this week is about the same compared to ...