If the past few years have proven anything, it’s that even the most well-thought-out plans can fall apart. Now more than ever, travelers are wondering what the best travel insurance for their next trip is.
As a result, travel insurance usage is more prevalent than ever.
Whether for unexpected medical expenses, trip cancellation guarantees, or policies that cover more adventurous travelers, Travel Off Path has found 5 of the best travel insurance options for every type of traveler.
Best Travel Insurance For: SafetyWing is a very low-cost insurance that is great for budget travelers and digital nomads that is easy to extend on the go. SafetyWing separates itself from competitors by offering low-cost monthly travel insurance plans, perfect for a nomadic lifestyle.
Travelers 39 and under can secure coverage for just $42.00 per month. As ages increase, so do rates. Those in their 40’s will pay $68.04 per month, those in their 50’s will pay $106.68 per month, and those in their 60’s will be subject to the highest pricing of $144.76 per month. Interested in just a week? Your price will be drastically lower than the competition.
Pros
- Very-Low-Cost Option
- Available for nearly everyone in almost any country.
- Travelers under 39 get lower pricing.
- Subscription model makes it easy to stay covered while traveling long-term.
Cons
- Age limit of 69
- Has a deductible for medical incidents ($250)
- No coverage for extreme sports
Coverage
- Trip Interruption: Up to $5,000
- Travel Delay: Up to $100
- Lost Luggage: Up to $3,000
- Medical Incidents: Up to $250,000
Cost for 1 Week of Coverage in October*
- Ages 10 – 39: $12.00
- Ages 40 – 49: $19.44
- Ages 50 – 59: $30.48
- Ages 60 – 69: $41.36
*Pricing is based on a 1-week trip from the USA to Europe in October.
Best Travel Insurance For: HeyMondo has no deductible and offers incredible coverage amounts. This is the perfect plan for travelers who want complete peace of mind.
HeyMondo offers one-off trip insurance plans, as well as annual policies that cover trips up to 60 days in length.
Pros
- 3 tiers of plans to choose from, offering greater flexibility
- 5% off for being a Travel Off Path reader!
- NO deductible
- Optional coverage for extreme sports
Cons
- Age limit of 69
- Can be pricier depending on policy needs
Coverage
- Trip Interruption: Up to $7,000
- Travel Delay: Up to $1500
- Lost Luggage: Up to $2,500
- Medical Incidents: Up to $500,000
Cost for 1 Week of Coverage in October*
- Heymondo Top: $52.82
- Heymondo Premium: $66.29
- Heymondo Medical: $50.68
*Pricing is based on a 1-week trip from the USA to Europe in October.
Best Travel Insurance For: InsureMyTrip is great for seniors from any nationality. Great for coverage for those 69 and older, InsureMyTrip satisfies comparison junkies by showing a wide range of providers to ensure you are getting the best coverage possible.
Pros
- Wonderful comparison algorithm (think Expedia of Travel Insurance)
- Coverage options for those over 69
Cons
- Can be tough to sort through the wide range of options
- Coverage varies between plans, careful reading required
Coverage
- Coverage varies based on the plan selected.
- Most plans include typical coverages such as trip cancellation, medical, & lost luggage protection.
Cost for 1 Week of Coverage in October*
- Cheapest Plan: $118.00
- Most Expensive Plan: $361.00
*Pricing based on 35 year old American traveling for 1 week in October from USA to Europe with a total trip cost of $5,000
Best Travel Insurance For: World Nomads is a great option for the more adventurous traveler. Plans automatically cover more extreme activities such as scuba diving or ATV outings.
Pros
- Coverage for extreme sports automatically included
- Explorer plan offers car rental coverage up to $35,000
- 24-hour assistance for added peace-of-mind
Cons
- Age limit of 69. However, a partnership with TripAssure allows those over 69 to find coverage
- Has a deductible for medical incidents ($250)
- No coverage for extreme sports
Coverage
- Trip Interruption: Up to $10,000
- Travel Delay: Up to $3,000
- Lost Luggage: Up to $3,000
- Medical Incidents: Up to $100,000
Cost for 1 Week of Coverage in October*
- Standard Plan: $69.62
- Explorer Plan: $112.13
*Pricing is based on a 35-year-old American traveling for 1 week in October from the USA to Europe.
Best Travel Insurance For: Tugo is best for Canadians over the age of 69. As of October 4th, Tugo will sell policies to all Canadians, regardless of vaccination status.
Pros
- Very-Low-Cost Option
- Available for almost anyone in almost any country.
- Travelers under 39 get lower pricing.
- Subscription model makes it easy to stay covered while traveling long-term.
Cons
- Age limit of 69
- Has a deductible for medical incidents ($250)
- No coverage for extreme sports
Coverage
- Coverage varies based on the plan selected.
- Most plans include typical coverages such as trip cancellation, medical, & lost luggage protection.
Costs
- Costs range based on age, destination, and Province of residence.
