Cheap Travel Insurance

What are the best cheap travel insurance companies? When on vacation, travel insurance is very important because it protects you from unforeseen bills caused by different problems. From lost or stolen baggage and medical treatment to holiday cancellation. The right travel insurance policy can keep you worry-free and protected while on holiday. A solid policy can prevent you from losing money that you invested in the holiday if any problem arises.

Cheap Travel Insurance

Are you going on a holiday trip and looking for top cheap travel insurance companies? Well, you are in the right article. We have evaluated various travel insurance companies to help you find a cheap travel insurance policy. Our picks are the best travel insurance plans that offer strong coverage at an affordable cost.

Top 8 Cheap Travel Insurance

Looking for affordable travel insurance? Check out our list of the top 10 cheap travel insurance companies! These companies offer budget-friendly coverage options to ensure you’re protected during your travels without breaking the bank. With competitive rates and a range of coverage plans tailored to different needs, these providers make it easy to find the right policy at the right price.


Nationwide has two basic travel insurance plans that provide up to 200% coverage for trip interruptions and $150,000 for medical expenses. Additionally, their baggage limits and medical evacuation coverage are higher. This is great for travelers with separate international health insurance. Moreover, Nationwide offers three special tiers of cruise protection. It offers up to 200% reimbursement if your trip is disrupted or if you miss your cruise due to unavoidable delays. This can be particularly comforting if you’re flying out of state to catch your cruise, especially with the rising national rates of flight delays.


The Atlas Journey Preferred plan stands out with the lowest average rate among the top-rated plans we reviewed. It offers a trip cancellation upgrade and several other optional upgrades, such as increased coverage for pets traveling with you, adventure sports, destination weddings, and hunting and fishing equipment.

Alternatively, the Atlas Journey Premier plan, priced at an average of $408 per trip, provides higher coverage limits. It encompasses all the add-on coverage options of the preferred plan and introduces an “interruption for any reason” upgrade, along with travel medical benefits of $150,000.

Trawick International

Trawick Travel Insurance provides affordable medical evacuation insurance that meets visa requirements for students and academics. For those coming to the U.S. on a student visa, having adequate medical evacuation coverage is often mandatory. Trawick offers up to $100,000 in emergency evacuation coverage as a standalone policy, satisfying the insurance needs of J1, F1, and H1 visa holders.

 This coverage is accessible to both students and faculty with approved education-related visas and includes access to round-the-clock assistance from qualified medical professionals. Trawick also offers tailored options for international students, including medical evacuation and repatriation plans.

With 10 standard round-trip policies available, ranging from budget-friendly to comprehensive plans, travelers can find coverage suited to their needs. Additionally, Trawick offers customization with the Safe Travels Flex policy, providing flexibility for travelers, albeit with certain state-related limitations.


AIG’s Travel Guard Preferred plan offers good coverage options at a reasonable price. You can customize your policy with optional upgrades like pet, wedding, security, baggage, medical, adventure sports, and travel inconvenience coverage. Plus, this plan includes benefits if you need to start your trip earlier than expected, which is not common in all travel insurance policies.


Costing just a bit more than Trawick, Travelex stands out for its affordable prices and decent coverage. Their basic travel insurance starts at $60 and covers all the standard protections offered by pricier providers. Travelex also gives you higher-than-average baggage allowances, providing extra coverage for travelers at a competitive price. Their policies offer flat-rate coverage, making pricing more predictable, and include 24/7 emergency assistance services for travel and legal help worldwide.

Seven Corners Travel Insurance

To ensure your coverage matches your needs, consider Seven Corners, which offers versatile plans for various travel situations. They have a multi-trip plan covering single trips to multiple international destinations and a medical travel plan for non-U.S. citizens in the U.S. Their range includes plans for international travel with cancel-for-any-reason options and medical-only plans at reduced prices. Seven Corners stands out for providing multi-trip coverage across destinations, with six policy options offered at lower-than-average premiums.

Generali Global Assistance

When traveling to a non-English-speaking country, even small problems can cause stress. With Generali, you get 24/7 emergency support in multiple languages, easing worries no matter the time zone. Their $1 million emergency evacuation coverage is reassuring, especially for risky destinations.

Generali stands out for its constant assistance, ensuring you can always reach an expert if issues arise. They offer up to $250,000 in medical coverage and identity theft protection, addressing common problems travelers face abroad.


If you’re used to digital tools, Faye makes getting travel insurance easy. With its tech-savvy approach, you can get a policy and file claims on your phone. Launched recently, Faye has already earned praise for its smooth online process.

It offers a simple questionnaire to get quotes and enroll in coverage. You can even file claims and receive reimbursements through their app. With real-time alerts and 24/7 support, Faye is great for travelers who prefer a hassle-free, online experience.

How to Get Cheaper Travel Insurance

To get a cheaper travel insurance policy, you need to compare quotes from different companies. Shop around to see how different prices and policies compare. Ensure you check which of the features are important to you, what is in the standard, and what you may need to pay more for. Also, make sure that you choose the right policy type and the right coverage for your trip. Take the right cover for the type of trip you are going on and the activities you will be doing. Keep in mind that if you are traveling with a group or family, travel insurance can be cheaper than an individual policy.

How much does Travel Insurance cost?

Travel insurance costs from $35 to $760. However, the cheapest insurer may offer about $190 per trip. For instance, Nationwide offers affordable coverage at $130 per trip. Keep in mind that certain factors may affect the cost of the policy. Some of these factors include the number of travelers, ages, destination, total trip, and length of the trip.

Is cheap Travel Insurance worth it?

While it may seem tempting to save money upfront, it’s essential to consider the coverage you’re getting. Cheap policies may have limited benefits and higher deductibles, leaving you vulnerable in emergencies. Before choosing, carefully review the coverage details to ensure they meet your needs. Sometimes, paying a bit more for comprehensive coverage can provide better peace of mind and protection during your travels.