Travelers From These 5 States Spend the Most to Protect Their Trips, says Squaremouth

ST. PETERSBURG, Fla., Aug. 22, 2017 /PRNewswire/ -- Travelers from 5 states spend nearly as much on travel insurance as travelers from the other 45 states and D.C. combined. Using sales data from the past year, leading travel insurance comparison site, Squaremouth, reveals which states spend the most on travel insurance.

5 States Where Residents Spend the Most on Travel Insurance

1. California
2. Florida
3. Washington
4. New York
5. Texas

Californians Spend Twice as Much as Any Other State
Residents of California spent more on travel insurance in the past year than residents of Florida and Washington combined.

Percent of overall Squaremouth premium: 17%
Year-over-year increase in money spent on travel insurance: 19%
Average trip cost for California residents: $3,726
Most expensive trip for California residents: $146,496
Top international destination for California residents: Mexico

Floridians Spend the Same on Travel Insurance
The average policy purchased by a resident of Florida was only a dollar more in 2017 than the previous year.

Percent of overall Squaremouth premium: 9%
Year-over-year increase in money spent on travel insurance: 11%
Average trip cost for Florida residents: $3,939
Most expensive trip for Florida residents: $96,000
Top international destination for Florida residents: Mexico

Washington Residents Buy the Most Expensive Policies
Residents of Washington spent an average of $297 on a travel insurance policy, the third highest average overall.

Percent of overall Squaremouth premium: 7%
Year-over-year increase in money spent on travel insurance: 26%
Average trip cost for Washington residents: $4,090
Most expensive trip for Washington residents: $82,000
Top international destination for Washington residents: Canada

New Yorkers Tend to Spend the Least on Trips
While New Yorkers are near the top of the list in total travel insurance spending, they have the second lowest average trip cost overall, only ahead of Arkansas.

Percent of overall Squaremouth premium: 7%
Year-over-year increase in money spent on travel insurance: 8%
Average trip cost for New York residents: $3,024
Most expensive trip for New York residents: $65,860
Top international destination for New York residents: Israel

Texas Residents Prefer International Travel
Texas is the only top 5 state where travel to an international destination is more popular than travel within the United States.

Percent of overall Squaremouth premium: 6%
Year-over-year increase in money spent on travel insurance: 27%
Average trip cost for Texas residents: $3,637
Most expensive trip for Texas residents: $130,000
Top international destination for Texas residents: Mexico

ABOUT SQUAREMOUTH
Squaremouth compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth's comparison engine and third-party customer reviews, travelers can research and compare insurance products side-by-side. More information can be found at www.squaremouth.com

Available Topic Expert:
Steven Benna
[email protected]
(727) 619-7262

SOURCE Squaremouth

Related Links

http://www.squaremouth.com