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The average cost of travel insurance has increased over the past week, according to travel agency SquareMouth. The average premium is currently $270.13, down from $301.00 last week. However, keep in mind that where you're traveling and how many people are taking the trip will affect your exact traveler's insurance premium.

Travel insurance weekly rates at a glance:

Average premium: $270.13

Average trip cost: $5,793.35

Average trip length: 16 days