Travel insurance purchase statistics

Thinking about buying travel insurance for your next journey? Then take a look at these stats.

Squaremouth, a leading online travel insurance comparison site, in late September unveiled its study of four years (2003-2007) of sales statistics drawn from 17 insurance companies and 250 protection policies. The study provides some interesting data on when, where and how consumers buy travel protection.
Among key findings are:

• California (17%), New York (9%) and Florida (6.9%) are top 3 states for policy purchases. Texas and New Jersey are next.
• 85% of policy sales occur between 9 a.m. and 7 p.m.
• 88% of policy purchases are for foreign trips, 12% for domestic.
• 44.2% of policies are bought by single travelers, 39.7% by couples.
• Insured foreign trips average 16.34 days and cost $2,945.
• Insured domestic trips average 10.18 days and cost $2,312.
• Age 50-60 (20.77%) is largest group of policy buyers, followed by age 30-40 group (18..34%), age 40-50 (18.29%) and age 60-70 (15.21%).

Still want more? Then visit www.squaremouth.com.