Insuring Your Trip on a Budget: The 10 Cheapest Travel Insurance Companies

Insuring Your Trip on a Budget: The 10 Cheapest Travel Insurance Companies: Are you planning a trip, but don’t want to break the bank on travel insurance? Look no further! This blog post will provide you with the 10 cheapest travel insurance companies of April 2023 so you can ensure your trip without spending too much. Cheap travel insurance can be hard to find, but with our list of companies, you’ll be able to find the perfect balance of affordability and quality.

1) World Nomads

World Nomads is an online travel insurance provider that has been providing services to travelers since 2002. They specialize in comprehensive coverage for adventurous activities, such as skiing and surfing, and also offer plans for people who are visiting multiple countries on their trips. World Nomads provides affordable, flexible coverage that is tailored to the needs of each individual traveler.
Their plans offer a range of coverage options and a variety of deductibles, so you can find the perfect plan for your specific needs. World Nomads also has 24/7 customer service, so you can get help with your policy or file a claim anytime you need it. Whether you’re heading to the beach or scaling a mountain peak, World Nomads can help protect your trip with comprehensive travel insurance.

2) Allianz Global Assistance

Allianz Global Assistance is one of the top travel insurance companies and offers a variety of coverage for travelers. They offer a few different plans: Trip Protection, Multi-Trip Protection, and Annual Coverage. The Trip Protection plan offers reimbursement for trip interruption, emergency medical coverage, baggage protection, and more. The Multi-Trip plan provides coverage for multiple trips taken within a 12-month period, while the Annual Coverage plan allows you to purchase a single policy that covers multiple trips taken throughout the year. Allianz Global Assistance also offers additional coverage options, such as rental car protection, flight insurance, and more. The premiums are very affordable, making Allianz Global Assistance an excellent choice for budget-conscious travelers.

3) Seven Corners

If you’re looking for an affordable travel insurance option that still covers a variety of different needs, then you should consider Seven Corners. They offer several different plans with different levels of coverage and they can be tailored to suit your budget.
With the Seven Corners travel insurance plan, you can get coverage for a variety of things such as trip interruption, medical expenses, emergency medical evacuation, accidental death and dismemberment, lost or damaged baggage, and more. They even offer a 24/7 customer service line so you can easily get help when you need it.
Seven Corners also offers flexible payment options and can even offer discounts for people who purchase multiple policies. If you want to purchase an annual policy, you can also save money on premiums by signing up for their multi-trip plans.
Overall, Seven Corners is an excellent choice if you’re looking for an affordable yet comprehensive travel insurance plan. With its wide range of coverage options and their competitive prices, Seven Corners is a great option for travelers looking to save money while still having peace of mind.

4) Travelex

Travelex offers coverage for a wide range of travelers, from single trips to annual plans. They are known for their excellent customer service and quick response time, which is important in case of an emergency. Their plans offer coverage for medical expenses, lost or stolen luggage, trip interruption or cancellation, and much more. Travelex also has several add-ons such as rental car collision insurance and adventure sports coverage that you can purchase for extra protection. In addition, the company has 24/7 customer service with agents that speak several languages, allowing travelers to get the help they need no matter where they are. The company also provides a mobile app for policyholders to access their documents on the go. Travelex is one of the most affordable travel insurance companies on the market, with competitive pricing and comprehensive plans.

5) AXA

AXA is a global insurance company headquartered in Paris, France. With a presence in more than 57 countries, AXA provides its customers with quality, affordable travel insurance. It is well known for its customer service and 24/7 emergency assistance.
AXA offers two main plans: the Travel Basic Plan and the Travel Select Plan. The Travel Basic Plan provides basic coverage at an affordable rate and is best suited for budget travelers. The Travel Select Plan, on the other hand, offers more comprehensive coverage that includes things like trip cancellation and medical evacuation, making it a better option for those who want more protection while they are abroad. Both plans include travel assistance benefits like medical and legal help, lost luggage assistance, concierge services, and more.
What’s more, AXA offers a variety of add-ons and discounts to customize your plan even further. For example, you can add on Adventure Sports coverage if you plan to do activities like sky diving or bungee jumping. You can also save up to 10% if you purchase your policy online or through certain travel companies.
Overall, AXA provides quality and affordable coverage for travelers. Whether you’re looking for basic coverage or something more comprehensive, AXA has the perfect plan for you.

6) John Hancock

John Hancock is one of the leading travel insurance companies in the United States. With plans tailored for individuals, families, and businesses, John Hancock offers a variety of options for travelers on any budget. They offer three levels of coverage, with varying deductible levels and the ability to customize your plan. Their higher-level coverage includes baggage protection, trip interruption insurance, medical coverage, 24-hour customer service, and more.
John Hancock also offers an online platform where customers can manage their policy and view claims history, making it easy to stay on top of your coverage. Plus, they provide a range of helpful resources such as a Travel Insurance Guide and a Claims FAQ to answer any questions you may have.
John Hancock is an excellent choice for those looking for comprehensive coverage at an affordable price. It’s worth noting that many of their plans offer competitive discounts if you purchase a policy before you depart on your trip. With John Hancock, you can be sure that your travels are covered!

7) CSA Travel Protection

CSA Travel Protection offers a wide range of affordable travel insurance products. With coverage for both domestic and international trips, you can get peace of mind knowing that your travels are secure. CSA Travel Protection covers cancellation for any reason, medical expenses, emergency evacuation, trip interruption, and other potential mishaps. They also provide 24/7 assistance with doctors, hospitals, legal issues, and more. They even have an app that helps you easily file a claim and access your insurance policy. CSA Travel Protection is perfect for budget travelers who want to ensure their safety and peace of mind while traveling.


USAA is a trusted insurance provider with a variety of different options for travelers. Their travel insurance plans provide coverage for trip cancellation, medical emergencies, flight delays, and lost or stolen luggage. They also offer a wide selection of international policies for customers who are traveling abroad. The company’s unique feature is its 24/7 claims support and the ability to file a claim online, which can make the process of filing a claim much easier and faster than other providers. USAA is also one of the most affordable options on the market, with some plans costing as little as $2 per day.


GEICO is one of the most popular insurance companies in the United States and is well-known for offering quality coverage at affordable rates. GEICO’s travel insurance offers a variety of options and covers medical expenses, lost baggage, flight delays, and much more. The company provides a wide range of plans to suit different travelers’ needs and budgets. GEICO’s travel insurance policies come with optional add-ons such as trip interruption coverage, rental car protection, and 24-hour emergency assistance. Prices are based on the length of the trip, the age of the traveler, and the type of policy purchased. Customers can also take advantage of discounts for insuring multiple trips or purchasing annual plans. Overall, GEICO’s travel insurance plans offer great value for money, making them a great choice for budget travelers.

10) Nationwide

Nationwide is a trusted insurance provider that offers a variety of travel insurance products to suit different travelers’ needs. With Nationwide, you can purchase trip cancellation and interruption coverage, baggage coverage, and medical coverage for your trip. Their Trip Cancellation and Interruption coverage reimburses up to $1,000 for non-refundable trip costs if your trip is canceled or interrupted due to an illness, injury, or death in the family, an act of terrorism, or other unforeseen circumstances. Nationwide also provides up to $500 for lost or damaged baggage and up to $10,000 in medical coverage for emergency medical expenses incurred while traveling.
In addition to their travel insurance options, Nationwide also offers a free app to help travelers stay informed about the latest information about their destination. This app sends you up-to-date travel advisories, local language guides, and travel tips. Plus, customers can access 24/7 assistance with customer service support whenever they have questions or concerns.
With Nationwide, travelers can rest assured that they are getting comprehensive travel insurance coverage at a great value.

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