Costa Rica: Tourists Prefer International Insurance

Since the borders were reopened and the country began to receive visitors, tourists have purchased more international policies, a situation that could be explained by the lower prices compared to insurance offered locally.

Monday, February 22, 2021

Data from the Costa Rican Ministry of Health show that between August 1, 2020 and February 11, 2021, 209,779 health insurance policies have been filed. Of the total number of policies, 54% are international, 34% from Sagicor and 12% from the National Insurance Institute (INS).

You may be interested in "Tourism and Travel: Consumer Interests and Preferences"

It is important to remember that tourists arriving in the country are required to have insurance to cover eventual events related to the pandemic that caused the covid-19 outbreak, such as medical treatments and the possibility of the country adopting a strict quarantine that would force them to extend their stay.

Price is apparently the factor that tips the balance in favor of international insurance. In an exercise carried out by, it was found that the cost of the policy for a 30-year-old traveler coming from France, amounts to $1.3 per day.

See "Central America: Evolution of the Insurance Market"

In the case of local options, they are more expensive. Ximena Valverde, general manager of Seguros Colectivos, explained that "... Sagicor has the 'Tourist Insurance' with an initial value of $11.3 per day and with a minimum of three days of travel. However, if the tourist stays more days or travels with their family, the insurance is more affordable."

In the case of INS insurance, for a tourist of 45 years old the cost of the policy is $9.4 per day, and for visitors between 71 and 80 years old the price rises to $18 per day.

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