The cost of digital nomad insurance is directly related to several factors, but the main aspects to influence your travel insurance cost are age, the number of travelers, length, and the type of coverage. Age: anyone over 30 is going to pay more for travel insurance. Those aged 60 and above pay substantially more. The number of travelers: when you add four or more travelers to a group, the cost of the insurance increases substantially. Length of travel time. Type of coverage: The more expensive coverages to add to a travel insurance policy include insurance that allows you to cancel for any reason and rental car collision coverage. In general, you can expect to pay around 5 to 10 percent of the total cost of your trip for travel insurance. This includes airfare and accommodations.