Almost 80 percent of consumers in the United States who bought travel insurance in 2023 did so for their peace of mind. A further 21 percent made the purchase after it was recommended to them. Meanwhile, the leading reason U.S. consumers did not buy travel insurance was thinking they did not need it.
Leading reasons why consumers bought travel insurance in the United States in 2023
Characteristic
Share of respondents
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Nationwide Mutual Insurance Company. (January 26, 2024). Leading reasons why consumers bought travel insurance in the United States in 2023 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1463912/reasons-for-buying-travel-insurance-usa/
Nationwide Mutual Insurance Company. "Leading reasons why consumers bought travel insurance in the United States in 2023." Chart. January 26, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1463912/reasons-for-buying-travel-insurance-usa/
Nationwide Mutual Insurance Company. (2024). Leading reasons why consumers bought travel insurance in the United States in 2023. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1463912/reasons-for-buying-travel-insurance-usa/
Nationwide Mutual Insurance Company. "Leading Reasons Why Consumers Bought Travel Insurance in The United States in 2023." Statista, Statista Inc., 26 Jan 2024, https://www.statista.com/statistics/1463912/reasons-for-buying-travel-insurance-usa/
Nationwide Mutual Insurance Company, Leading reasons why consumers bought travel insurance in the United States in 2023 Statista, https://www.statista.com/statistics/1463912/reasons-for-buying-travel-insurance-usa/ (last visited August 25, 2024)
Leading reasons why consumers bought travel insurance in the United States in 2023 [Graph], Nationwide Mutual Insurance Company, January 26, 2024. [Online]. Available: https://www.statista.com/statistics/1463912/reasons-for-buying-travel-insurance-usa/