Choosing the best travel insurance company can be challenging when planning your international trip.
If you’re reading this, you’re wondering what are the best travel insurance companies that offer reliable travel coverage?
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Updated Jan, 2024
If you’re seeking an affordable policy that offers fantastic medical cover and other essentials – this post is for you.
It’s still true what they say – If you can’t afford travel insurance, then you can’t afford to travel. It’s probably THE MOST important part of planning a trip to explore other countries.
Your travel insurance policy usually covers accidents, illness, medical emergencies, trip cancellation and theft of your personal belongings.
You can (and should) certainly adhere to all the travel safety tips when you’re on the road, but sometimes – sh!t happens!
And when it does, you’ll be so thankful that you bought a good travel insurance policy that covers all of the above.
After 20+ years of travel, and being the first Australian woman to visit every country, Iβd never leave home without travel insurance coverage.
I’ve had a few incidents occur along the way (a stolen phone, getting stranded in Micronesia because of Covid, resulting in a huge number of cancelled flights, etc).
My objective with this post about sharing the two best travel insurance companies out there is to help you make the right choice.
There’s an overwhelming number of travel insurance providers out there, and I’ve tried many β but there are two travel insurance companies that I use. I switch between the two companies depending on what destinations I am travelling to, and for how long.
I’ll explain why you should choose them too.
Whether youβre travelling for one week, two months or long-term – these are the two best travel insurance policies to choose to travel anywhere in the world.
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At Heymondo you can get the right Travel Insurance policy tailored to your trip. Easy, fast, and customisable travel insurance.
Personalise your insurance to your type of trip and budget. As frequent travellers, we use their Long Stay Insurance β perfect for medical coverage and all of the other essentials.
The process is quick and easy, and the rates are very competitive. Heymondo is a popular insurance provider offering travel medical, visitor, and trip cancellation insurance.
Here are some of the pros and cons of Heymondo Travel Insurance.
PROS
CONS
NOTE: Heymondo insurance cover travellers from all over the world while outside their home country. Age limit is 69 years old for travels up to 29 days. For 30 days or more, age limit is 49.
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SafetyWing is an excellent travel insurance option for frequent travellers, digital nomads and long-term travellers.
They offer the flexibility to buy a plan before or after your trip has commenced. However, it is only valid once you are travelling in the countries listed on your policy.
Please Note: SafetyWing does not provide coverage in your home country before your trip. (let’s use the USA or Australia for example). So for some people, it may not be the right insurance for you.
If you need coverage for an unexpected illness, including Covid or flight cancellations/changes before your trip commencement from home, then I’d recommend Heymondo.
SafetyWing is created by travellers, for travellers – so they understand the needs of people who travel frequently.
SafetyWing is affordable; their travel insurance plans start from only USD 42 monthly.
Here are some of the pros and cons of SafetyWing Travel Insurance
PROS
CONS
SafetyWing will insure anyone from any home country in the world, except for citizens of Iran, Syria, Cuba, and North Korea.
Please Note: This list is likely to change, please check updates on the SafetyWing website.
Most travel insurance companies ask that you declare in advance which countries youβll be travelling to at the time of purchase. SafetyWing does not ask you for these details.
The only thing you need to advise when buying a policy with SafetyWing is whether or not to include the USA. Understandably, this significantly increases the price of your travel insurance plan. I’d still consider SafetyWing one of the best travel insurance companies.
This insurance plan is designed to meet the travel and medical needs faced by remote workers, digital nomads and long-term travellers outside their home country.
Yes, they cover visits back to your home country but note that the visit has to be incidental. Please refer to the SafetyWing FAQ section on their website for more clarification on this.
Note: SafetyWing Insurance will not suit everyone’s needs. If it doesn’t suit you, Heymondo is your BEST choice.
Sometimes the best travel insurance companies are the ones you don’t even know you’re covered with. Let me explain. I’ve got an AMEX Explorer Credit Card (which I love, by the way) and signing up for this card was the best thing I ever did. I was hesitant at first as there is an annual fee of $400, however, you receive a credit of $400 to spend towards travelβ¦so essentially, itβs free.
Anyway, I only recently discovered that if I purchase my flight tickets, hotels etc on my AMEX Explorer Credit Card and my flights are cancelled or somebody steals my belongings on my trip, then I can make a claim through AMEX.
I believe the amount is up to $1000 per claim, but often that works for me as I pay for flights, and hotels and make plans as I go.
If you already have regular health insurance in your home country right now, it might provide coverage for international travel. It’s worth checking with your provider to see if they do.
Call them up and ask for details – it might turn out that you don’t need to buy any of the best travel insurance policies I’m recommending today. If that’s the case – what a bonus!
From full-time world travellers to people who just take short breaks, do you really need travel insurance or can you avoid it and hope for the best?
Some people have the attitude that nothing will happen to them. Theyβre of the mindset that if they donβt partake in extreme activities on vacation and theyβre careful, theyβll be ok and that βit wonβt happen to themβ.
Iβve been travelling for over twenty years and Iβve used several different companies. Believe me, it takes time to find out who offers the best policy for your money.
Itβs also worth noting that not all travel insurance companies are good when it comes down to actually paying out a claim.
Iβve learned that the cheapest travel insurance policy isnβt the best. You may have found a travel insurance policy that seems too good to be true β chances are, it probably is.
With these cheap companies, youβll find that once you need to make a claim, you wonβt receive a cent back from them. Theyβll send you an email highlighting the small print and hidden clauses to get out of paying for anything.
Yes, the insurance world is incredibly frustrating.
The best travel insurance companies that I’ve listed above will take care of you when things go wrong – and ultimately that’s exactly why you should choose them.
Paying for travel insurance is something that nobody enjoys doing, but itβs important to have coverage when things go horribly wrong. Unexpected illnesses and accidents do happen while you’re travelling.
Without good travel insurance, you could be left with a huge bill that could ruin you financially. It’s a risk you shouldn’t gamble on.
After visiting EVERY country in the world, I’ve always been covered by the best travel insurance companies.
Check out either Heymondo or SafetyWing Travel Insurance plans to provide coverage for your next adventure.
βοΈ Flights: We use Skyscanner to book cheap flights worldwide.
π¨ Accommodation: Booking.com is our preferred platform for booking hotels and accommodation.
π₯ Travel Insurance: We recommend Heymondo (Get 5% off Heymondo) & SafetyWing
π Transportation: Trainline is the best website to reserve trains. We use Omio to book transport worldwide. For travel in Asia, we use 12Go.
π Car Rental: We use DiscoverCars to book rental cars worldwide.
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2 Comments. Leave new
Hi Rach,
Not sure if its changed since you used it but SafetyWing is not a good option at all for Australians and Americans. I just tried to take out a policy as an Australian and they will not cover you whilst you are still in Australia. Clearly this is not very useful if you contract COVID or similar before you leave. Just think this should be covered in your recommendation here. Their explanation is that Australia is a restricted location and recommend buying it after you leave…
Doug
Hi Doug,
Thanks for your comment, and yes – a few changes to insurance since I published this post. I’ve updated it to reflect that information and hopefully travellers can make an informed decision based on this. π