How Much Does Cancel for Any Reason Insurance Cost?
CFAR adds 40–60% to your base trip insurance premium. For most travelers, that's an extra $50–$300. Whether it's worth it depends entirely on your total trip investment and how uncertain you are about going.
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How CFAR Pricing Works
CFAR (Cancel For Any Reason) is priced as a percentage of your total insured trip cost — typically adding 40–60% to your base travel insurance premium. If a standard trip cancellation plan costs $150 for your trip, CFAR adds roughly $60–$90, bringing the total to $210–$240. Total CFAR plan cost typically falls between 6–12% of your non-refundable trip cost. The recovery rate is 50–75% of prepaid costs — meaning on a $5,000 trip, you'd recover $2,500–$3,750 if you cancel.
What You Need to Know
Age Affects Base Premium, Not CFAR Rate
CFAR is priced as a percentage of trip cost, not based on age. However, older travelers pay more for the base plan (more medical risk), which means the CFAR add-on is proportionally larger. A 65-year-old pays more total than a 35-year-old for the same trip.
Longer Trips Cost More
Base premiums scale with trip length, and so does the CFAR add-on. A 3-week European trip costs significantly more to insure than a 7-day Caribbean cruise — both the base coverage and CFAR component are higher.
Trip Cost Is the Main Driver
The single biggest factor in CFAR cost is your total insured trip value. Insuring a $10,000 trip costs roughly twice as much as a $5,000 trip — base plan and CFAR add-on both scale proportionally.
The Break-Even Analysis
CFAR breaks even if you have roughly a 15–25% chance of cancelling. If there's a 1-in-5 chance you'll cancel a $5,000 trip, CFAR's expected value roughly equals its cost — any higher probability makes it clearly worth buying.
Buy Early for Maximum Value
The sooner you buy after your initial deposit, the more trip costs are covered by CFAR. Booking flights and hotels after buying CFAR may not be covered if added too late. Cover all costs upfront.
Compare Plans for Best Rate
CFAR availability and pricing varies significantly by provider. Some plans offer 75% reimbursement while others cap at 50%. Comparing multiple plans is essential to get the best CFAR value for your specific trip.
How Much Does CFAR Cost?
| Trip Scenario | Typical CFAR Add-on Cost | Notes |
|---|---|---|
| $2,000 trip · age 30 · 7 days | $40–$80 CFAR add-on | Total plan cost with CFAR: $120–$180. Base plan ≈ $80. Recover $1,000–$1,500 if cancelled. |
| $4,000 cruise · age 45 · 7 days | $80–$160 CFAR add-on | Total with CFAR: $240–$400. Recover $2,000–$3,000 if cancelled. |
| $6,000 Europe trip · age 35 · 14 days | $120–$240 CFAR add-on | Total with CFAR: $360–$600. Recover $3,000–$4,500 if cancelled. |
| $10,000 trip · age 60 · 14 days | $250–$500 CFAR add-on | Older age increases base premium. Total with CFAR: $750–$1,500. Recover $5,000–$7,500. |
| $15,000 honeymoon · age 28 · 14 days | $180–$360 CFAR add-on | High-value trip with younger travelers. Total with CFAR: $540–$900. Recover $7,500–$11,250. |
| $8,000 family cruise · ages 40+12 · 7 days | $160–$320 CFAR add-on | Family of 3–4 covering the full trip. Recover $4,000–$6,000 if cancelled. |
*CFAR reimburses 50–75% of prepaid, non-refundable trip costs. Must be purchased within 10–21 days of initial trip deposit.
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Compare Plans Free →Frequently Asked Questions
Is CFAR more expensive for older travelers?
The CFAR add-on itself is priced as a percentage of trip cost — the same rate regardless of age. However, older travelers pay more for the base trip insurance plan (due to higher medical risk), so their total plan cost including CFAR is higher. For a $5,000 trip, a 65-year-old might pay $600–$900 total vs. $300–$450 for a 35-year-old.
Is there a maximum trip cost for CFAR coverage?
CFAR covers your total insured trip cost — whatever amount you declare when purchasing the plan. There's typically no hard cap, but you must accurately declare and document all non-refundable trip costs. Some providers have maximum total benefit amounts — review plan specifics.
Does CFAR cost more for international vs domestic trips?
CFAR cost is based on total trip value, not destination. A $5,000 domestic trip and a $5,000 international trip cost the same for CFAR coverage. International plans may have a higher base medical premium, which slightly increases the CFAR add-on cost.
Can I get CFAR for just the flight but not the whole trip?
No — CFAR must be purchased for the full insured trip cost. You can't selectively insure only certain components. However, you do choose which prepaid costs to include in your insured total — items with free cancellation don't need to be insured.
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