Cheapest travel insurance companies for international trips

by

When planning an international trip, travel insurance is an essential component to ensure a safe and hassle-free experience. While it’s tempting to cut costs by skipping insurance, the potential financial risks far outweigh the initial savings. Luckily, several companies offer affordable travel insurance without compromising on coverage. Here’s a list of some of the best options for budget-conscious travelers:

1. World Nomads

Overview:

World Nomads is a popular choice for backpackers and adventure travelers. Known for its flexible policies and extensive coverage, World Nomads offers insurance tailored to a variety of travel needs.

Key Features:

  • Comprehensive Coverage: Includes emergency medical, trip cancellation, baggage loss, and more.
  • Adventure Activities: Covers over 200 activities, including extreme sports.
  • Flexible Plans: Policies can be extended while traveling.

Price Range:

  • Basic Plan: Starts at approximately $50 for a one-week trip.

2. SafetyWing

Overview:

SafetyWing is a relatively new player in the travel insurance market but has quickly gained popularity for its affordability and straightforward policies, especially among digital nomads and long-term travelers.

Key Features:

  • Subscription Model: Monthly payments for continuous coverage.
  • Worldwide Coverage: Including home country visits.
  • Customizable Plans: Optional add-ons for more comprehensive coverage.

Price Range:

  • Nomad Insurance: Starts at $42 for 4 weeks.

3. Allianz Global Assistance

Overview:

Allianz is a well-established insurance provider known for its reliable coverage and excellent customer service. They offer a variety of plans to suit different types of travelers.

Key Features:

  • Variety of Plans: Single-trip, multi-trip, and annual plans available.
  • 24/7 Assistance: Global support in multiple languages.
  • Customizable Coverage: Options to add specific coverages based on your needs.

Price Range:

  • Essential Plan: Starts at around $25 for a one-week trip.

4. InsureMyTrip

Overview:

InsureMyTrip is a comparison site that helps travelers find the best insurance plans from multiple providers. This platform allows you to compare various policies and choose the one that best fits your needs and budget.

Key Features:

  • Comparison Tool: Easily compare policies from different insurers.
  • Customizable Options: Filter based on specific needs and preferences.
  • Customer Reviews: Insights from other travelers.

Price Range:

  • Varies: Depending on the chosen provider and plan.

5. Travelex Insurance Services

Overview:

Travelex is known for offering comprehensive and customizable travel insurance plans. They cater to a wide range of travelers, from families to solo adventurers.

Key Features:

  • Customizable Plans: Tailored to different types of travel.
  • Family-Friendly Options: Coverage for children included in some plans.
  • Travel Assistance Services: 24/7 support and assistance.

Price Range:

  • Travel Basic Plan: Starts at about $28 for a one-week trip.

6. AXA Assistance USA

Overview:

AXA is a global insurance leader offering a range of travel insurance plans with comprehensive coverage options. They are particularly known for their emergency assistance services.

Key Features:

  • Comprehensive Coverage: Includes medical expenses, trip interruption, and more.
  • Emergency Assistance: 24/7 worldwide support.
  • Specialized Plans: Options for frequent travelers and specific regions.

Price Range:

  • Silver Plan: Starts at around $30 for a one-week trip.

Tips for Choosing Affordable Travel Insurance:

  1. Compare Policies: Use comparison tools to find the best deal.
  2. Read the Fine Print: Ensure you understand what is covered and what is not.
  3. Check Reviews: Look at customer reviews for insights into the company’s reliability.
  4. Consider Your Needs: Choose a plan that fits your specific travel plans and activities.
  5. Look for Discounts: Some providers offer discounts for students, families, or groups.

What company offers the cheapest travel insurance? 

It’s difficult to definitively say which company offers the absolute cheapest travel insurance because prices can vary depending on several factors, including:

  • The type of trip you’re taking (e.g., single trip, multi-trip, backpacker travel, etc.)
  • The destinations you’re visiting
  • The length of your trip
  • Your age and health
  • The amount of coverage you need

However, based on recent studies, some companies tend to offer generally lower rates than others. Here are a few to consider:

These companies are known for offering competitive rates, but it’s always best to compare quotes from multiple providers before you buy. Here are some tips for getting the cheapest travel insurance:

  • Compare quotes online. There are a number of websites that allow you to compare quotes from different travel insurance providers. This is the easiest way to find the best deal.
  • Only buy the coverage you need. Don’t pay for extras that you don’t need. For example, if you’re young and healthy, you may not need a policy that covers medical evacuation.
  • Increase your deductible. The deductible is the amount of money that you have to pay out of pocket before your insurance kicks in. Increasing your deductible can lower your premium.
  • Consider travel insurance that is included with your credit card. Some credit cards offer travel insurance as a benefit to cardholders. Be sure to read the fine print carefully to understand what is and is not covered.

By following these tips, you can save money on travel insurance without sacrificing the coverage you need.

Which insurance is best for foreign travel? 

There isn’t a single “best” travel insurance company, as the best option depends on your specific needs and trip details. However, some highly-rated travel insurance providers include:

  • PrimeCover: Stands out for evacuation coverage
  • Travel Insured International: Excellent for non-medical evacuation coverage
  • WorldTrips: Great for add-on coverages to customize your plan

Here are some resources to help you compare and choose travel insurance:

  • Forbes Advisor’s review of travel insurance companies: [Forbes best travel insurance]
  • International Citizens Insurance’s list of best travel insurance companies: [international insurance best travel insurance]

Travel insurance typically covers things like:

  • Trip cancellation due to unforeseen circumstances
  • Medical expenses incurred while traveling abroad
  • Evacuation and repatriation if you become seriously ill
  • Lost or delayed baggage

When choosing travel insurance, consider factors like:

  • The length and destination of your trip
  • Your age and health
  • The activities you plan to do while traveling
  • Your budget for travel insurance

By comparing plans and considering your needs, you can find the travel insurance policy that offers the best coverage for your foreign trip.

Conclusion 

Finding cheap travel insurance doesn’t mean you have to compromise on coverage. By comparing different providers and understanding your needs, you can find an affordable policy that provides peace of mind on your international adventures. Safe travels!

Leave a Comment