Why is travel insurance in UK so expensive in 2023?

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Travel Insurance in UK is an expensive affair in 2023. Find out the reasons behind it. 

Travel insurance is a vital component of trip planning, providing necessary protection and security when travelling abroad. Recent events have caused a significant impact on travel insurance in UK market, increasing the cost of travel insurance.

In this blog, we seek to shed light on the reasons for the high cost of travel insurance in UK and encourage readers to consider the various factors that contribute to its pricing.

We will explore the reasons behind the escalating cost of healthcare, the rise of cancellations, the need for bespoke policies, also Brexit. We will also emphasise the importance of investing in travel insurance and the value it brings to your trip.

Our goal is to provide you with a better understanding of why is travel insurance so expensive in UK, equipping you with the knowledge to make an informed decision when purchasing a policy for your next trip.

Rising Health Care Costs

When it comes to travel insurance in UK, one of the main reasons for its increased cost is the rising cost of healthcare. The cost of medical treatment and services in the UK has seen a significant increase in recent years, which has directly impacted the cost of travel insurance. 

It’s important to note that medical coverage is a crucial aspect of any travel insurance policy, and this has become even more evident with recent events such as the COVID-19 pandemic.

The higher expenses associated with healthcare in the UK necessitate that insurance providers factor in these amplified costs when establishing the pricing structure of their policies.

This means that the cost of policies that include medical coverage will reflect these increased costs, leading to a higher overall cost of travel insurance.

It’s worth remembering that having adequate medical coverage while travelling is of utmost importance. With comprehensive medical coverage included in your travel insurance policy. You can rest assured knowing that you’ll be covered in the event of an emergency.

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Increased Risk of Cancellations

Travel insurance in UK is designed to protect travellers against unexpected events during their trips, such as cancellations or medical emergencies.

However, recent events, such as the global pandemic and travel restrictions, have resulted in an increased risk of cancellations, affecting travel insurance costs.

The impact of pandemic-related cancellations on travel insurance in UK market has been substantial. Many insurance providers have had to increase the prices of their policies to cover the higher risk of cancellations.

However, despite the cost, it is still important to have trip cancellation coverage as part of your travel insurance policy. This coverage can help you recover your trip costs if you need to cancel for a covered reason, such as a pandemic-related travel restriction.

It is important to acknowledge that trip cancellation coverage is merely a single facet of a comprehensive travel insurance policy. With the growing prevalence of cancellations, it has become increasingly crucial to possess a policy that provides extensive coverage, ensuring your protection throughout your travels.

Bespoke Policies

Travel insurance policies present themselves in a multitude of forms, each showing unique tiers of coverage. Certain policies are crafted to safeguard against general risks, whereas others are meticulously tailored to cater to the distinct requirements of individual adventurers.

These bespoke policies offer coverage tailored to one’s unique circumstances and can often result in a higher price tag.

So, why might someone choose a bespoke policy over a standard one? The answer lies in the added benefits they offer. For example, a bespoke policy may provide higher limits for medical expenses or trip cancellation coverage. 

It’s important to consider that the cost of travel insurance can vary greatly, even for policies that appear to be similar on the surface. By purchasing a bespoke policy, travellers can ensure they pay for the coverage they need rather than unnecessarily over-insured or under-insured.


In the wake of their departure from the European Union on January 31st, 2020, the United Kingdom’s government found itself racing against the clock until December 31st to conclude negotiations about trade and healthcare.

One particularly intriguing aspect of these deliberations revolves around the European Health Insurance Card (EHIC). For a considerable time, British citizens have reaped the rewards of possessing an EHIC, granting them access to essential medical care in EU nations, free of charge or at notably reduced expenses.

Nonetheless, as the transition period nears its end without any clear-cut healthcare agreement on the horizon, the future fate of the EHIC hangs precariously in the balance. This uncertainty can reverberate throughout travel insurance in UK, potentially leading to a cost surge.

Why It’s Worth the Investment?

The cost of travel insurance in UK can be a cause of concern for many travellers, especially given the recent events that have impacted the market. However, it’s important to understand that investment in a comprehensive travel insurance policy can offer financial protection in case of an emergency.

In this section, we’ll explore why it’s worth the investment despite the increased cost.

  • First and foremost, travel insurance can provide protection for a wide range of unexpected events. The coverage offered by a travel insurance policy can alleviate the financial burden that can come with these events.
  • It allowing travellers to focus on enjoying their trip instead of worrying about the costs.
  • Furthermore, having best travel insurance international can give travellers a sense of being prepared. 
  • Travel insurance policies can also offer a range of additional benefits, such as 24/7 emergency assistance, which can be invaluable in a crisis.
  • Finally, it’s important to remember that a number of factors, including the age and health of the traveller, the destination, and the length of the trip, influence the cost of travel insurance. 


There are several factors that contribute to the increased cost of travel insurance in UK, including rising healthcare costs, increased risk of cancellations, and the availability of bespoke policies, also due to Brexit.

However, despite the higher cost, best travel insurance international remains a worthwhile investment for many travellers. It’s indeed about paying extra charges during the trip in case of meeting any unforeseen events. To avoid being a part of the hefty bill, the safer side is to be covered with an travel insurance policy.

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