As we have mentioned before, prices vary significantly depending on what sort of tour you opt for, but here is an idea of the cost of our budget 22 day sight seeing tour to Gobi, Central Mongolia and Khovsgul lake and it included a 3 day horse trek:
2 people on tour = $81USD per person per day
3 people on tour = $71USD per person per day
4 people on tour = $61USD per person per day
5 people on tour = $50USD per person per day
6 people on tour = $45USD per person per day
We negotiated these prices down some months in advance and this really was the best Camel Track could offer us. Sunpath Mongolia came out at a similar price, but it was slightly more expensive with 6 people than 5 because they would prefer to take 2 vehicles.
Prices will include the driver (vehicle and petrol), the tour guide (who also cooks), 1.5L of water per person per day, 3 meals a day, entrance fees for the national parks and museums, Camel and horse riding is you are doing any, a number of hot showers and accommodation.
As with visiting any foreign country, will need to check your embassy's travel advice prior to travel to see if a visa is required. Some travel guides can be out of date, so make sure you double check on the official website beforehand. We applied for a visa from the UK and the form was relatively easy and cost around £40 each. You will need to supply them with a travel itinerary and some contact details of where you will be staying, along with a copy of your travel insurance. The only big downside is that you have to visit the embassy to apply and pick up your visa as they don't have an online service.
Arranging travel insurance prior to your trip is essential and you will be required to supply this information to the visa application centre. Although travelling around Mongolia is relatively safe, you need to be aware that a lot of the time you will be hundreds of kilometres away from any sort of medical help. The main hospitals are in Ulaanbaatar and other cities you will pass on the way. You will most likely be driving on bumpy dirt tracks, riding a horse or two, doing some mountain trekking and so there is the possibility of injury during the trip. Once you know what sort of tour you are doing, look for insurance that specifically covers the activities you are doing. Lots of insurance companies don't cover mountain trekking at a higher altitude than 1,000m so make sure you opt for one which is at least 3000m or more. Some of the mountain peaks in Western Mongolia are higher than 4,000m so if you plan to head that way you will need to make sure you at covered. Because you will be staying in gers most of the time, you should consider getting insurance in case of theft of property. Some of the doors have padlocks on and some do not, so it's best to carry any valuables with you or ask your driver to lock them in the car. After doing some research on insurance companies for our round the world trip, we chose to get cover with World Nomads because they are well suited to backpacking and outdoor activities. They cover horse riding, trekking up to 3000m, Camel riding, camping and much more. In the event of a serious injury, World Nomads will provide a rescue service to get you to hospital and then home. This is the sort of reassurance you want on your trip when you are riding horses through remote Mongolian mountain ranges!