Written by Joeri Van Overloop
Best Travel Insurance Companies
When planning a trip, it's important to consider travel insurance. Not only does it provide peace of mind, but it can also protect you financially in case of unexpected events. With so many travel insurance companies out there, it can be overwhelming to choose the right one for you. In this article, we will review the three best travel insurance companies to help you make an informed decision.
Nationwide Travel Insurance Company
If you're looking for a reliable top travel insurance provider, Nationwide is one of the best travel insurance providers to consider. Here's why we chose Nationwide as one of the top three travel insurance companies:
Why We Chose Nationwide
Nationwide is a reputable insurance provider with over 90 years of experience in the industry. They offer a variety of travel insurance plans to suit different needs and budgets. Their plans are comprehensive, covering everything from trip insurance cancellation and interruption to medical emergencies and evacuation. Nationwide also offers 24/7 travel assistance to help you in case of an emergency.
Pros & Cons
Here are some of the pros and cons of choosing Nationwide for your travel insurance needs:
Nationwide offers a variety of travel insurance plans, including:
- Essential Plan: This plan offers basic coverage for trip cancellation, interruption, and delay, as well as medical emergencies and evacuation.
- Prime Plan: This plan offers more comprehensive coverage, including coverage for pre-existing medical conditions and trip cancellation for any reason.
- Luxury Cruise Plan: This plan offers the highest levels of travel insurance protection for cruise travelers, including $1 million in medical evacuation coverage.
Nationwide is a reliable travel insurance provider with comprehensive plans and 24/7 travel assistance. While some of their plans have low coverage limits, they offer a variety of plans to suit different needs and budgets.
Safetywing Travel Insurance Company
If you're a digital nomad or a long-term traveler, you might want to consider Safetywing as your international travel insurance provider. In this section, we will discuss why we chose Safetywing as one of the best travel insurance companies, the pros and cons of choosing Safetywing, and an overview of what they offer.
Why we chose Safetywing
We chose Safetywing as one of the best travel insurance plan companies because they offer affordable and comprehensive coverage for long-term travelers and digital nomads. They provide medical insurance plans and travel insurance for as low as $37 per 4 weeks outside the US. Safetywing's Nomad Insurance plan includes $250,000 in emergency medical coverage, $1,000 for emergency dental care, and $100,000 for medical evacuation. They also cover COVID-19 and related illnesses.
Pros & Cons
Here are some of the pros and cons of choosing Safetywing as your travel insurance provider:
Safetywing is a travel insurance company that provides medical and travel insurance for long-term travelers and digital nomads. They offer affordable premiums and comprehensive coverage for emergency medical care, emergency dental care, and medical evacuation. Safetywing's Nomad Insurance plan also covers COVID-19 and related illnesses. However, they have limited coverage for pre-existing conditions and high-risk activities, and no coverage for trip cancellation or interruption.
Safetywing is a good option for long-term travelers and digital nomads who are looking for affordable and comprehensive travel insurance coverage. However, it's important to carefully review their policy terms and limitations for their travel medical plans to ensure that they meet your specific travel needs.
Why we chose Travelinsurance.com
When it comes to finding the best travel insurance policy, there are many insurance options to choose from. However, we chose to include Travelinsurance.com in our list of the Best Travel Insurance Companies for several reasons. Firstly, Travelinsurance.com is an insurance comparison site that allows you to compare multiple policies from different providers in one place. This makes it incredibly easy to find the best deal on cheap travel insurance that meets your specific needs.
Additionally, Travelinsurance.com offers a wide range of travel insurance quotes, including policies for seniors, families, and those with pre-existing medical conditions. With so many options available, you are sure to find a policy that fits your budget and provides the coverage you need.
Pros & Cons
As with any insurance comparison site, there are both pros and cons to using Travelinsurance.com. Here are a few to consider:
Travelinsurance.com is an excellent choice for those looking to compare multiple travel insurance policies in one place. With its user-friendly interface and wide range of travel insurance offers, you are sure to find a policy that meets your specific needs and budget. However, keep in mind that the site may not provide as much detailed information as you would like, and there are no customer reviews to help you make your decision.
Frequently Asked Questions
How Do I Compare Travel Insurance Providers?
When it comes to choosing the right travel insurance provider, there are several factors to consider. Here are some things to keep in mind when comparing travel insurance providers:
The most important factor to consider when comparing travel insurance providers is the coverage they offer. Make sure to read the policy fine print to understand what is covered and what is not. Some common coverage options to look for include:
- Emergency medical expenses
- Trip cancellation/interruption
- Lost or stolen baggage
- Accidental death and dismemberment
- Emergency medical evacuation
Price is another important factor to consider when comparing travel insurance providers. While it's important to find a policy that fits your budget, it's also important to make sure you're getting the coverage you need. Keep in mind that the cheapest policy may not always be the best option.
Insurance Comparison Sites
Using an insurance comparison site can be a great way to compare travel insurance providers and find the best policy for your needs. These sites allow you to enter your travel details and compare policies from multiple providers side-by-side.
Cheap Travel Insurance
While it may be tempting to choose the cheapest travel insurance policy available, keep in mind that cheaper policies may not offer the same level of coverage as more expensive policies. Make sure to read the policy fine print to understand what is covered and what is not.
Travel Insurance Quotes
Before choosing a travel insurance provider, it's a good idea to get quotes from multiple providers. This will allow you to compare policies and prices and find the best option for your needs.
In summary, when comparing travel insurance providers, it's important to consider coverage, price, and to use insurance comparison sites to get quotes from multiple providers.
What Is Travel Insurance?
When you are planning a trip, you want to make sure that everything goes as smoothly as possible. However, sometimes things can go wrong, and you may need to cancel your trip or cut it short due to unforeseen circumstances. This is where travel insurance comes in.
Travel insurance is a type of coverage that can provide financial protection for a variety of situations that may arise before or during your trip. It can cover things like trip cancellation insurance, medical expenses, lost or stolen baggage, and more.
There are many different types of travel insurance policies available, and the coverage and insurance benefits can vary widely between providers. Some policies may only cover specific types of situations, while others may offer more comprehensive coverage.
When choosing a travel insurance provider, it is important to carefully review the coverage options and policy details to make sure that you are getting the protection that you need. Some important things to consider include:
- Coverage limits: Make sure that the policy provides enough coverage to protect you in case of a major incident or emergency.
- Exclusions: Be aware of any situations or events that may not be covered by the policy.
- Pre-existing conditions: If you have a pre-existing medical condition, make sure that the policy covers it.
- Provider reputation: Look for a reputable insurance provider with a strong track record of customer service and claims processing.
Is Travel Insurance Worth It?
When planning a trip, one thing that often comes to mind is whether or not to purchase travel insurance. While it may seem like an unnecessary expense, travel insurance can provide peace of mind and protection in case of unexpected events. Here are some things to consider when deciding if travel insurance is worth it for you.
Travel insurance can provide coverage for a variety of issues that may arise during your trip. Some common types of coverage include medical coverage, emergency evacuation, trip cancellation coverage, and trip interruption coverage. Comprehensive coverage may also be available, which can include a combination of these types of coverage. It is important to carefully review the coverage offered by each insurance provider to ensure it meets your specific needs.
In the wake of the COVID-19 pandemic, many travel insurance providers now offer coverage related to the virus. This may include coverage for trip cancellation or interruption due to COVID-19, as well as coverage for medical expenses related to the virus. However, it is important to carefully review the terms and conditions of this coverage, as it may have limitations or exclusions.
Cancel for Any Reason
Some travel insurance providers offer a "cancel for any reason" add-on, which allows you to cancel your trip for any reason and receive a partial refund. This can provide added flexibility and peace of mind when planning your trip.
There are many travel insurance firms to choose from, including Seven Corners, Travelex Insurance, Squaremouth, Travel Guard, World Nomads, Safetywing, and Nationwide. It is important to research each provider and compare their coverage and pricing to find the best fit for your needs.
Overall, whether or not travel insurance is worth it for you depends on your individual circumstances and needs. Consider the potential risks and benefits of purchasing travel insurance, and carefully review the coverage offered by each provider to make an informed decision.
How Do You Apply for Travel Insurance?
If you're planning a trip, travel insurance can provide you with peace of mind and financial protection in case something goes wrong. Here are the steps to apply for travel insurance:
- Determine your coverage needs: Before you start shopping for travel insurance, you need to determine what type of coverage you need. Consider factors like your destination, length of trip, and activities you'll be doing to determine what type of coverage you need.
- Shop around for providers: Once you know what type of coverage you need, you can start looking for insurers. You can use search engines to find providers, or you can ask for recommendations from friends and family who have bought travel insurance before.
- Compare coverage and pricing: Once you have a list of potential providers, you should compare their coverage and pricing to find the best option for your needs. Look for providers that offer the coverage you need at a price you can afford.
- Apply for coverage: Once you've found a provider that meets your needs, you can apply for coverage. You'll need to provide information about your trip, including your destination, travel dates, and any pre-existing medical conditions.
- Pay for coverage: After you've applied for coverage, you'll need to pay for it. Most providers will require you to pay for coverage upfront, either in full or in installments.
- Receive your policy: Once you've paid for coverage, you'll receive your policy. Make sure to read it carefully to understand what is covered and what is not.
- Keep your policy with you: Finally, make sure to keep your policy with you while you're traveling. If you need to make a claim, you'll need to provide your policy information to the insurance provider.
What Does Travel Insurance Typically Include?
When you get travel insurance, you are typically covered for a range of unforeseen events that could occur before or during your trip. Here are some of the most common types of coverage that travel insurance firms offer:
- Trip Cancellation Coverage: This type of coverage reimburses you for non-refundable expenses if you have to cancel your trip due to a covered reason, such as illness or severe weather.
- Trip Interruption Coverage: If you have to cut your trip short due to a covered reason, such as a family emergency or illness, this type of coverage can reimburse you for the unused portion of your trip and additional expenses to get back home.
- Emergency Medical Coverage: If you become ill or injured while traveling, this coverage can help pay for medical expenses, including hospital stays, doctor visits, and medications.
- Emergency Evacuation Coverage: If you need to be evacuated from your travel destination due to a medical emergency or natural disaster, this coverage can help pay for transportation and medical expenses.
- Comprehensive Coverage: This type of coverage typically includes trip cancellation, trip interruption, emergency medical, and emergency evacuation coverage, as well as coverage for lost or stolen luggage and other travel-related expenses.
- Travel Medical Insurance: This type of coverage is designed specifically for international travelers and provides medical coverage, emergency medical evacuation, and repatriation of remains.
- Cancel for Any Reason Coverage: This optional coverage allows you to cancel your trip for any reason and receive a partial refund of your non-refundable expenses.
- COVID-19 Coverage: Some travel insurance providers offer coverage for COVID-19-related expenses, such as medical treatment and trip cancellation due to illness.
It's important to note that coverage can vary widely depending on the insurance provider and the specific policy you choose. Be sure to read the policy details carefully before buying travel insurance to ensure that you have the coverage you need for your travel plans.
What Does Travel Insurance Typically Exclude?
While travel insurance can provide coverage for a variety of unexpected events, it's important to understand what is typically excluded from coverage. Here are some common exclusions to keep in mind when selecting a travel insurance policy:
Pre-existing Medical Conditions
Many companies exclude coverage for pre-existing medical conditions. This means that if you have a medical condition that existed before you purchased your travel insurance policy, any medical expenses related to that condition may not be covered.
If you plan on participating in adventure sports such as bungee jumping, skydiving, or scuba diving, be aware that many travel insurance policies exclude coverage for injuries sustained during these activities. If you plan on participating in any adventure sports, make sure to check your policy for any exclusions.
Baggage Loss or Travel Delay
While travel insurance can provide coverage for lost or delayed baggage, there are often limitations and exclusions. For example, many policies have a maximum coverage limit for lost or delayed baggage, and some policies exclude coverage for high-value items such as jewelry or electronics.
Most travel insurance policies have a deductible, which is the amount you must pay out of pocket before your coverage kicks in. Make sure to check your policy for the deductible amount and any exclusions related to it.
Emergency Medical Evacuation
While emergency medical evacuation coverage is a common feature of travel insurance, there are often exclusions related to the circumstances under which it will be covered. For example, some policies may exclude coverage for medical evacuations related to natural disasters or acts of terrorism.
Trip Cancellation or Interruption Insurance
If you're purchasing travel insurance primarily for trip cancellation or interruption coverage, be aware that there are often exclusions related to the reasons for cancellation or interruption. For example, many policies exclude coverage for cancellations or interruptions related to natural disasters or acts of terrorism.
If you're taking a cruise, be aware that many travel insurance policies exclude coverage for incidents that occur while on board a cruise ship. If you're getting travel insurance specifically for a cruise, make sure to check your policy for any exclusions related to cruise coverage.
Rental Car Coverage
If you plan on renting a car during your trip, be aware that many travel insurance policies exclude coverage for rental car collisions. If you're purchasing travel insurance specifically for rental car coverage, make sure to check your policy for any exclusions related to rental car coverage.
Plane or Common Carrier Coverage
If you're purchasing travel insurance specifically for coverage related to plane or common carrier incidents, such as flight delays or cancellations, be aware that many policies have exclusions related to the circumstances under which coverage will be provided. For example, some policies may exclude coverage for delays or cancellations related to natural disasters or acts of terrorism.
While some travel insurance policies provide coverage for natural disasters, such as hurricanes or earthquakes, there are often exclusions related to the circumstances under which coverage will be provided. For example, some policies may exclude coverage for natural disasters that were known or foreseeable at the time the policy was purchased.
Overall, it's important to carefully review your travel insurance policy to understand what is and isn't covered. If you have any questions about coverage or exclusions, don't hesitate to contact your travel insurance agency for clarification.
What Are the Expected Costs of Travel Insurance?
When it comes to if you need travel insurance, the cost can vary greatly depending on the level of coverage you need. Here are some factors that can influence the price of your travel insurance policy:
The first and most significant factor that affects the price of travel insurance is the cost of your trip. As a general rule of thumb, the more expensive your trip, the higher the cost of your travel insurance policy. For example, if you're taking a $10,000 trip, you can expect to pay more for insurance than if you're taking a $1,000 trip.
The level of coverage you choose will also impact the cost of your travel insurance policy. Basic travel insurance policies typically cover trip cancellation and interruption, baggage loss, and emergency medical expenses. However, if you need additional coverage, such as coverage for adventure sports or pre-existing medical conditions, you can expect to pay more.
Age is another factor that can impact the cost of travel insurance. Generally, the older you are, the more you can expect to pay for health insurance. This is because older travelers are more likely to experience health problems while traveling.
Duration of Trip
The length of your trip can also impact what the travel insurance will cost. The longer your trip, the more you can expect to pay for insurance.
Finally, the provider you choose can also impact the cost of your travel insurance policy. Some providers may offer more affordable policies than others, so it's important to shop around and compare prices.
What Affects Travel Insurance Costs?
When it comes to travel insurance, the cost of coverage can vary widely depending on several factors. Here are some of the key things that can affect the price of your travel insurance policy:
The cost of your travel insurance policy can vary depending on where you're going. Some countries are considered higher risk than others, which can make travel insurance more expensive. For example, if you're traveling to a country with a high crime rate or a high risk of natural disasters, you may pay more for your coverage.
Length of Trip
The length of your trip can also affect what the travel insurance can cost. Generally, the longer your trip, the more you'll pay for coverage. This is because the longer you're away from home, the more opportunities there are for something to go wrong.
Type of Coverage
The type of coverage you choose can also affect the cost of your travel insurance. For example, if you choose a policy with a high level of medical coverage, you'll pay more than if you choose a policy with a lower level of medical coverage. Similarly, if you choose a policy with a high level of trip cancellation coverage, you'll pay more than if you choose a policy with a lower level of trip cancellation coverage.
Your age can also affect the cost of your travel insurance policy. Generally, older travelers pay more for coverage than younger travelers. This is because older travelers are considered higher risk than younger travelers.
Pre-Existing Medical Conditions
If you have a pre-existing medical condition, you may pay more for your travel insurance coverage. This is because the provider considers you to be a higher risk than someone who is healthy.
Finally, the insurer you choose can also affect the cost of your travel insurance policy. Different providers offer different levels of coverage at different prices, so it's important to shop around to find the best deal. Some of the best travel insurance firms include Nationwide, Safetywing, and Seven Corners.
Overall, there are many factors that can affect the cost of your travel insurance policy. By understanding these factors, you can make an informed decision about the coverage you need and the provider you choose.
How to Choose the Best Travel Insurance Policy
When it comes to choosing the best travel insurance policy, there are a few things you need to consider. Travel insurance is designed to protect you against unexpected events that may occur while you are traveling. Here are some key factors to consider when choosing the best travel insurance policy:
One of the most important things to consider when choosing a travel insurance policy is the coverage options. You should choose a policy that offers comprehensive coverage, including emergency medical expenses, emergency medical evacuation coverage, trip cancellations, interruption and delay, and repatriation. You may also want to consider add-ons, such as rental car damage and lost golf rounds.
Another important factor to consider is the insurance provider. It is recommended to choose a reputable provider with a history of providing quality coverage and excellent customer service. You can research travel insurance firms online and read reviews from other travelers to help you make an informed decision.
You may want to consider upgrading your travel insurance policy to ensure you have the best coverage possible. Some providers offer upgrades, such as additional medical benefits, meals, and accommodations in the event of an emergency. It is important to read the policy carefully and understand what is covered and what is not.
If you have preexisting medical conditions, it is important to choose a travel insurance policy that covers these conditions. Some providers offer coverage for preexisting conditions, while others may not. It is important to read the policy carefully and understand what is covered and what is not.
In light of recent events, it is also important to consider pandemic coverage when choosing a travel insurance policy. Some providers offer coverage for trip canceling or interruptions due to a pandemic, while others may not. It is important to read the policy carefully and understand what is covered and what is not.
If you are a frequent traveler, you may want to consider purchasing an annual travel insurance policy. This can save you money in the long run and ensure you have coverage for all of your trips throughout the year.
Does travel insurance get more expensive closer to the trip?
When it comes to purchasing travel insurance, one common question that travelers often ask is whether travel insurance gets more expensive closer to the trip. The answer is yes, in most cases, travel insurance can get more expensive as the departure date approaches. Here are a few reasons why:
- Increased risk: As the departure date gets closer, the risk of something happening that could lead to a claim increases. For example, if you purchase a trip cancellation policy and you wait until the day before your trip to buy travel insurance, the insurance company knows that there is a higher chance that you might have to cancel your trip due to unforeseen circumstances.
- Limited availability: Some travel insurance policies have limited availability, and as the departure date approaches, there may be fewer policies available to choose from. This could result in higher prices due to supply and demand.
- Higher premiums for last-minute purchases: Insurance companies know that travelers who purchase insurance at the last minute are often doing so out of desperation. As a result, they may charge higher premiums for policies purchased within a few days of departure.
While travel insurance can get more expensive closer to the trip, it's important to note that this isn't always the case. Some insurance providers may offer discounts for policies purchased well in advance of the departure date. Additionally, some policies may have fixed prices regardless of when they are purchased.
If you're planning on purchasing travel insurance, it's important to do so as soon as possible to lock in the best rates. However, even if you wait until the last minute, it's still possible to find a policy that meets your needs at a reasonable price. Just be sure to shop around and compare prices from multiple providers before making a decision.
Are there location restrictions when it comes to travel insurance?
When it comes to travel insurance, location restrictions may vary depending on the provider and the coverage you choose. Some travel insurance providers may have limitations on coverage based on your destination or country of residence. Here are some things to consider when looking for travel insurance coverage:
- Destination Restrictions: Some travel insurance providers may have location restrictions that limit coverage in certain countries or regions. It's important to check the fine print of your policy to ensure that your destination is covered. If you're planning to travel to a high-risk destination, you may need to purchase additional coverage to ensure that you're fully protected.
- Residency Restrictions: Some travel insurers may have restrictions on coverage based on your country of residence. For example, if you're a US citizen living abroad, you may need to purchase a policy that's specifically designed for expats. It's important to check the residency requirements of your policy to ensure that you're eligible for coverage.
- Medical Restrictions: If you have pre-existing medical conditions, you may need to purchase additional coverage to ensure that you're fully protected. Some travel insurance suppliers may have restrictions on coverage for pre-existing conditions, so it's important to check the fine print of your policy to ensure that you're covered.
Overall, it's important to choose a travel insurance company that offers comprehensive travel protection for your specific needs. Make sure to read the fine print of your policy and understand any limitations or restrictions that may apply. By doing so, you can ensure that you're fully protected during your travels.
PLAN YOUR TRIP
Book Your Accomodations
You can book your hotel with Booking.com as they have the biggest inventory and best deals. If you want to stay somewhere other than a hotel, they also return the cheapest rates for accommodations like hostels, guesthouses and apartments.
Book Your Flights
Use Skyscanner to find cheap flights. They are my favorite search engine because they search websites and airlines around the globe so you always know you get the best rates.
Need a Rental Car?
Here is a budget-friendly car rental resource. No matter where you’re traveling, you’ll be able to find the best — and cheapest car rentals here.
Looking for an Airport Transfer Service?
If you are looking for a convenient and affordable option to get to and from the airport, here you will find all the answers to book your next airport transfer service.
Don’t Forget Your Travel Insurance
Travel insurance will protect you against illnesses, an injury, luggage theft, and even trip cancellations. It’s a comprehensive protection in case anything goes wrong during your trip. I never travel without it as I’ve had to use it several times in the past. My favorite travel insurance companies that offer the best service and value are:
Looking for the Best Travel Companies to Save Money With?
Check out my resource page for the best companies to use when you travel. I list all the ones I use to save money when I’m taking a trip. They will save you money when you travel too.