Analysis from Defaqto shows that the travel insurance market did not see a spike in premiums in response to the escalation of the Middle East crisis, although it says prices have fluctuated since the beginning of the year.

Based on the median top-five price for annual, multi-trip, 5-star rated cover, Defaqto reports prices of £99 in January, nudging up to £103 in February, £104 in March and holding at £104 in April. It says premiums fell back to £99 in May.

The research shows that single-trip cover started the year at £44 in January and held there in February. It rose to £46 in March before falling back to £45 in April and £43 in May.

Frances Luery product manager at Defaqto, said: “The recent focus on geopolitical risk is a timely reminder that travel insurance is there to protect people when plans change, when medical treatment is needed abroad, or when disruption creates unexpected costs.

“What is striking in our data is that the market has not seen a sudden price reaction to the crisis in the Middle East. Prices have been edging upward during 2026, but there was no sharp movement in March. In fact, the month-by-month figures suggest a relatively stable pricing environment for consumers.”