aia travel insurance price

Credit Cards

• Best Rewards Credit Cards
• Best Credit Card Promotions
• Best Credit Cards for Dining
• Best Credit Cards for Shopping
• Best Cashback Credit Cards
• Best Miles Credit Cards for Travel
• Best No Annual Fee Credit Cards
• Best Credit Cards for Petrol
• Best Credit Cards for Businesses/SMEs
• Best Personal Loans
• Best Home Mortgage Loans
• Best Renovation Loans
• Best Car Loans
• Best Education Loans
• Best Debt Consolidation Loans
• Best Business/SME Loans
• Best Car Insurance
• Best Travel Insurance
• Best Home Insurance
• Best Mortgage Insurance
• Best Health Insurance
• Best Endowment Insurance
• Best Critical Illness Insurance
• Best Maid Insurance
• Best Whole Life Insurance
• Best Term Life Insurance
• Best Personal Accident Insurance
• Best Motorcycle Insurance
• Best Pet Insurance

Investments

• Best Online Brokerages
• Best Robo Advisors
• Best P2P/Crowdfunding Platforms

Bank Accounts

• Best Savings Accounts
• Best Fixed Deposit Accounts
• Best Debit Cards
• Best Hotel Booking Sites
• Best Wire Transfers
• Best Electrical Retailers
• Best Travel Deals

Personal Finance Guides

We'll help you make informed decisions on everything from choosing a job to saving on your family activities.

• Average Cost of Home Renovation
• Average Cost of Monthly SP Bills
• Average Cost of Domestic Help
• Average Cost of Moving Your Home
• Average Cost of Renting a Car
• Average Cost of a Wedding
• Average Cost of a Divorce
• Average Cost of a Funeral
• Average Cost of an Engagement Ring
• Research Reports
• Evaluation Methodology
• AIA Travel Insurance: Is It A Good Deal?

• High per item cover for baggage loss/damage
• Premier plan offers above average benefits for trip inconvenience & medical
• Provides golf and sports coverage
• Below average value for your money

Overall, AIA's travel insurance plans can be characterized as being solid policies that meet the industry standard in terms of the amount of coverage that each plan includes. However, AIA's plans are also among the most expensive in their class. Because there are stronger, cheaper alternatives on the Singapore market that offer consumers better bang for their buck, AIA travel insurance is difficult to recommend to fiscally-savvy Singaporean consumers.

Table of Contents

AIA Travel Insurance: What You Need to Know

Sports coverage, claims information.

• Summary of Coverage & Benefits

AIA's three-pronged travel insurance suite, which includes its budget Classic plan, mid-tier Deluxe plan and premium Premier plan, cover the bases with average coverage overall that meets the industry standard. All AIA travel insurance plans feature among the highest per item coverage for baggage loss/damage on the market, with the Premier plan also standing out for its high cover for medical expenses.

However, where AIA's travel insurance plans fall short is their pricing. Each of AIA's plans are among the most expensive in their class, along with AIG and Chubb. This means that while the level of coverage provided in the plan may be satisfactory, the value you're getting for your money with an AIA plan leaves something to be desired. There are alternatives on the market that give you much better coverage for less money, such as the generous and comprehensive policies from AXA , Allianz Global Assistance , and Aviva . Shoppers seeking a stronger emphasis on affordability as opposed to maximum coverage might also be interested in the travel insurance plans from Budget Direct , FWD , Etiqa and HL Assurance .

Notable Exclusions

AIA has standard exclusions including extreme sports (potholing, hunting trips, expeditions and ocean yachting), pre-existing medical conditions, travelling against the advise of your doctor, illegal acts and war. The table below summarises some of the common exclusions you should be aware of. However, it is always beneficial to read the full policy document.

AIA offers basic golf coverage at no extra charge, consisting of golf equipment coverage, unused green fees reimbursement and hole-in-one coverage. You are covered for participating in marathons (but not bi- or triathlons, scuba-diving, trekking below 3,000 metres, harnessed rock-climbing if done with a tour operator and available to the general public (below 6,000 metres), skiing and snowboarding. You should keep in mind that any equipment besides golf equipment is not covered.

AIA lets you submit your claims online (linked below) in a 30 minutes session. You will get a one-time password to use for your claim submission. Make sure you have documents that support your claim, your travel itinerary and mobile phone.

AIA Travel Insurance Coverage and Benefits

Hopefully, reading our review of AIA's travel insurance plans has helped you determine if this insurer has the right policy to meet your protection needs for your next business trip or holiday. But if you'd like to learn more about what else is out there, please consider reading our list of the best and cheapest travel insurance plans in Singapore .

• Best Travel Insurance in Singapore
• Average Costs and Benefits of Travel Insurance
• How to Pick the Best Travel Insurance

Anastassia is a Senior Research Analyst at ValueChampion Singapore, evaluating insurance products for consumers based on quantitative and qualitative financial analysis. She holds degrees in Economics and International Business Management and her prior working experience includes work in the capital markets sector. Her analyses surrounding insurance, healthcare, international affairs and personal finance has been featured on AsiaOne, Business Insider, DW, Vice, Her World, Asia Insurance Review, the Australian Institute of International Affairs and more.

Our Top Travel Insurance

• Best Travel Insurance Promotions
• Best Annual Travel Insurance
• Best Travel Insurance for Sports
• Best Travel Insurance for Families & Groups
• Best Travel Insurance for Seniors
• Best Insurance Companies in Singapore

Keep up with our news and analysis.

Stay up to date.

Featured Travel Insurance Companies

• Allianz Travel Insurance
• FWD Travel Insurance
• Direct Asia Travel Insurance
• Etiqa Travel Insurance
• Aviva Travel Insurance
• HL Assurance Travel Insurance
• Wise Traveller Travel Insurance

Travel Insurance Basics

• What is Travel Insurance
• Why You Need Travel Insurance
• Average Cost and Benefits of Travel Insurance
• Average Cost of a Staycation
• Average Cost of a Vacation
• Who Should Get Annual Travel Insurance
• Airline Travel Insurance vs. Traditional Travel Insurance
• Travel Insurance and Terrorism Coverage
• Travel Insurance and Haze Coverage
• Travel Insurance and Zika Coverage
• Travel Insurance and Overbooked Flight Coverage
• Travel Insurance and Trip Cancellation Coverage
• How to Successfully File an Insurance Claim

Other Financial Products for Travellers

• Best Air Miles Credit Cards
• Best Credit Cards for Complimentary Lounge Access
• Best Credit Cards for Overseas Spending

Related Articles

• Best Year-End Travel Destinations to Beat the Crowd
• Travel Diaries: 5 Safest Travel Destinations in the World
• Travel Essentials Checklist For Your Family Vacation
• How To Survive and Thrive as a Solo Traveller
• How Travel Insurance Can Protect Your Refund Rights for Flight Cancellations and Delays
• Travel Essentials for Every Trip – From the Best Travel Insurance to Miles Credit Card
• Best Frequent Flyer Plans to Upgrade Your Travels in 2023
• Travel Insurance
• Copyright © 2024 ValueChampion

Advertiser Disclosure: ValueChampion is a free source of information and tools for consumers. Our site may not feature every company or financial product available on the market. However, the guides and tools we create are based on objective and independent analysis so that they can help everyone make financial decisions with confidence. Some of the offers that appear on this website are from companies which ValueChampion receives compensation. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). However, this does not affect our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services

We strive to have the most current information on our site, but consumers should inquire with the relevant financial institution if they have any questions, including eligibility to buy financial products. ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. The site does not review or include all companies or all available products.

• Entertainment

AIA is one of the biggest insurance companies in Singapore but is their travel insurance worth it?

AIA may be one of the big insurance companies in Singapore, but AIA travel insurance has yet to be everyone’s go-to before jetting off on their latest holidays.

Unlike many of their competitors (even the massive brand names like NTUC Income), AIA has not really upped its travel insurance game to appeal to modern travellers savvy enough to do price comparisons, find the best promotions and buy the best deal they can find online.

As you’ll see in this article, AIA travel insurance still has some way to go before they can get a decent foothold in the competitive travel insurance space.

AIA travel insurance at a glance

AIA travel insurance is marketed under the brand AIA Around The World Plus and comes in three varieties: Classic, Deluxe and Premier. Here’s a look at how they stack up:

AIA travel insurance promotion

AIA travel insurance is one of the more expensive options out there, with a week’s coverage in Asean costing a whopping $37, which is way higher than the typical $20 to $25 range.

Unlike its competitors, AIA does not seem to give out promo codes or do frequent promotions. It’s a shame, because without promotions, these prices are far from competitive.

Then again, AIA travel insurance is also sold by its insurance agents so you might be able to wrangle a promo code or freebie out of an agent – who knows?

For those who would rather buy online, you can keep track of the latest AIA travel insurance promotions on their travel insurance page.

ALSO READ:  Travel insurance: Promo codes for 2022 and 7 more ways to save on it

What does AIA travel insurance cover?

With prices like these, I’m inclined to dismiss AIA travel insurance , unless they have some redeeming feature such as above-average benefits, or are known for rendering excellent emergency assistance.

Unfortunately, they don’t (to my knowledge anyway).

For the “cheap” basic plan, benefits are only so-so. For example, the evacuation benefit limit is $500,000 – while some insurers offer unlimited evacuation even for their most basic plans.

At this price point, you can actually opt for a higher-tier plan with another travel insurance provider to get much more bang for your buck. AIA’s travel insurance plans also does not offer any Covid-19 coverage, not even as an add-on option. If you do get thrown the Covid-19 curveball, you’re going to find yourself caught in a nightmare. 

That said, AIA does offer some of the highest compensation limits for lost/damaged items – up to $800 per item or set – so if insuring your Chanel bag and matching luggage set is your number one priority, then by all means get this plan.

Another good thing about AIA is that they cover plenty of adventure activities. Here’s what the policy wording explicitly states:

Generally, AIA travel insurance covers activities that are open to public and can be done with a licensed tour operator.

AIA travel insurance claim procedure

AIA Customer Care hotline: Call AIA at 1800 248 8000 (Singapore) or +65 6248 8000 (overseas) from 8.45am to 5.30pm on weekdays.

Online claims: Fill in and submit documents through the AIA travel claim form here. You will need your mobile phone as AIA will send you a one-time password to log into the system.

Otherwise, you can email [email protected] and a customer service rep will be in touch to follow up on your case.

In-person claims: Contact your AIA insurance agent and they will follow up with you on your claims.

Alternatively, visit the AIA Customer Service Centre at 1 Finlayson Green, Singapore 049246 (open 8.45am to 5.30pm on weekdays) or 3 Tampines Grande, Singapore 528799 (open 9am to 5pm on weekdays).

Things to note: You can download the AIA Assist / Around the World claim form from the AIA forms library .

ALSO READ:  Travel insurance review: Is MSIG travel insurance worth it?

Conclusion: Should you buy AIA travel insurance?

Sorry to be harsh, but no , unless you like throwing your money away.

AIA travel insurance is more expensive than average, yet doesn’t offer anything above and beyond its competitors. On the contrary, coverage is slightly poorer on the basic plan. On top of that, the lack of Covid-19 coverage is definitely worrying if you’re travelling in the midst of the pandemic.  

Apart from price and value, I also think the online customer journey also needs to be improved. There is very little information and support for someone who is interested to buy travel insurance online. The claims system is also a bit of a hassle.

I suspect AIA is very much an old school insurance company in that most actions are done through agents. So unless you have a longstanding relationship with your AIA insurance agent, maybe give this one a miss.

This article was first published in MoneySmart .

• Today's news
• Genshin Impact
• Honkai: Star Rail
• League of Legends
• Mental health
• Relationship and dating
• Entertainment
• My Portfolio
• Commodities
• Budget 2024
• Cryptocurrencies
• Volume Leaders
• World Indices
• Price Gainers
• Price Losers
• Stock Comparison
• Currency Converter
• Business Services
• Computer Hardware & Electronics
• Computer Software & Services
• Consumer Products & Media
• Diversified Business
• Industrials
• Manufacturing & Materials
• Retailing & Hospitality
• Telecom & Utilities
• Privacy dashboard

Yahoo Finance

Aia travel insurance singapore review 2022.

AIA may be one of the big insurance companies in Singapore, but AIA travel insurance has yet to be everyone’s go-to before jetting off on their latest holidays.

Unlike many of their competitors (even the massive brand names like NTUC Income), AIA has not really upped its travel insurance game to appeal to modern travellers savvy enough to do price comparisons, find the best promotions and buy the best deal they can find online.

As you’ll see in this article, AIA travel insurance still has some way to go before they can get a decent foothold in the competitive travel insurance space.

AIA travel insurance at a glance

AIA travel insurance is marketed under the brand AIA Around The World Plus and comes in 3 varieties: Classic, Deluxe and Premier. Here’s a look at how they stack up:

AIA travel insurance promotion

AIA travel insurance is one of the more expensive options out there, with a week’s coverage in ASEAN costing a whopping $37, which is way higher than the typical $20 to $25 range.

Unlike its competitors, AIA does not seem to give out promo codes or do frequent promotions. It’s a shame, because without promotions, these prices are far from competitive.

Then again, AIA travel insurance is also sold by its insurance agents so you might be able to wrangle a promo code or freebie out of an agent – who knows?

For those who would rather buy online, you can keep track of the latest AIA travel insurance promotions on their travel insurance page.

What does AIA travel insurance cover?

With prices like these, I’m inclined to dismiss AIA travel insurance , unless they have some redeeming feature such as above-average benefits, or are known for rendering excellent emergency assistance.

Unfortunately, they don’t (to my knowledge anyway).

For the “cheap” basic plan, benefits are only so-so. For example, the evacuation benefit limit is $500,000 – while some insurers offer unlimited evacuation even for their most basic plans.

At this price point, you can actually opt for a higher-tier plan with another travel insurance provider to get much more bang for your buck. AIA’s travel insurance plans also does not offer any COVID-19 coverage, not even as an add-on option. If you do get thrown the COVID-19 curveball, you’re going to find yourself caught in a nightmare.

That said, AIA does offer some of the highest compensation limits for lost/damaged items – up to $800 per item or set – so if insuring your Chanel bag and matching luggage set is your number one priority, then by all means get this plan.

Another good thing about AIA is that they cover plenty of adventure activities. Here’s what the policy wording explicitly states:

Generally, AIA travel insurance covers activities that are open to public and can be done with a licensed tour operator.

AIA travel insurance claim procedure

AIA Customer Care hotline: Call AIA at 1800 248 8000 (Singapore) or +65 6248 8000 (overseas) from 8:45am to 5:30pm on weekdays.

Online claims: Fill in and submit documents through the AIA travel claim form here. You will need your mobile phone as AIA will send you a one-time password to log into the system.

Otherwise, you can email [email protected] and a customer service rep will be in touch to follow up on your case.

In-person claims: Contact your AIA insurance agent and they will follow up with you on your claims.

Alternatively, visit the AIA Customer Service Centre at 1 Finlayson Green, Singapore 049246 (open 8:45am to 5:30pm on weekdays) or 3 Tampines Grande, Singapore 528799 (open 9am to 5pm on weekdays).

Things to note: You can download the AIA Assist / Around the World claim form from the AIA forms library .

Conclusion: Should you buy AIA travel insurance?

Sorry to be harsh, but no , unless you like throwing your money away.

AIA travel insurance is more expensive than average, yet doesn’t offer anything above and beyond its competitors. On the contrary, coverage is slightly poorer on the basic plan. On top of that, the lack of COVID-19 coverage is definitely worrying if you’re travelling in the midst of the pandemic.

Apart from price and value, I also think the online customer journey also needs to be improved. There is very little information and support for someone who is interested to buy travel insurance online. The claims system is also a bit of a hassle.

I suspect AIA is very much an old school insurance company in that most actions are done through agents. So unless you have a longstanding relationship with your AIA insurance agent, maybe give this one a miss.

Looking to buy AIA travel insurance? Compare all Singapore travel insurance policies by price and coverage first .

Related articles

Travel Insurance Promotions & Other Money-Saving Hacks

The Best Travel Insurance in Singapore 2019 Review

5 Best Annual Travel Insurance Policies in Singapore

The post AIA Travel Insurance Singapore Review 2022 appeared first on the MoneySmart blog .

MoneySmart.sg helps you maximize your money. Like us on Facebook to keep up to date with our latest news and articles.

Compare and shop for the best deals on Loans , Insurance and Credit Cards on our site now!

The post AIA Travel Insurance Singapore Review 2022 appeared first on MoneySmart.sg .

Original article: AIA Travel Insurance Singapore Review 2022 .

© 2009-2018 Catapult Ventures Pte Ltd. All rights reserved.

• Retirement Plans

Travel Insurance During Covid-19

The Covid-19 pandemic has necessitated a closer look at travel insurance plans and carriers—specifically what they cover and what they don’t. It’s important to consider plans that meet high benefit and coverage standards that travelers are seeking right now.  

Considerations for travel insurance coverage include:

No Pandemic Exclusion

Travelers are now learning that some carriers and plans that have a pandemic exclusion and are limited in coverage. For example, with this exclusion in place, Trip Cancellation, Trip Interruption and Travel Delay coverage might not be effective for any reason related to the pandemic (for example, if you or your traveling companion became ill with Covid-19). Additionally, Emergency Medical Expenses and Emergency Medical Evacuation might not provide coverage for Covid-19 illness.

Cancel For Any Reason Optional Upgrade

A desirable upgrade option frequently called Cancel For Any Reason (CFAR) may be available when you buy travel insurance within 21 days of the date when you make your initial trip deposit i A CFAR option allows you to cancel your trip for literally any reason at all and still recoup up to 75% of your pre-paid, non-refundable trip costs. CFAR is especially important now because travel insurance plans generally don’t cover any of the following reasons for cancellation: fear of travel, including due to the pandemic, government-imposed travel bans to other countries, new outbreaks in your destination, and CDC or WHO warnings. To protect your trip payment in the event of any of these cancellation reasons that fall outside of what’s covered in travel insurance plans, it may be prudent to consider a CFAR upgrade, which may cost an additional 50% – 55% of the base insurance premium, depending on the plan purchased.

Covid-19 Related Trip Disruptions

There are other considerations regarding Covid-19 trip disruptions in the case that you or your traveling companion – or even a family member or business partner – contract the virus. It is important to investigate coverage and benefits for:

• Trip Cancellation
• Trip Interruption
• Emergency Medical Evacuation.

For more information about trip insurance and travel assistance, please visit www.theaiatrust.com/insurance/travel-assistance/ and contact the plan providers for details.

You may also be interested in:

Your smile is the first thing that someone sees! The right dental insurance keeps your mouth healthy and saves1 on care, whether now or down the road. And your mouth health can impact your overall health, including your heart and respiratory system.2

You might be surprised how The AIA Trust life insurance coverage from New York Life Insurance Company can provide for you and your family.

Singlife with Aviva Travel Insurance Review: Covid-19 Cover, SAF MINDEF Promotion

The name “Aviva” rings a bell in the minds of all Singaporean men, since they provide you with life insurance when you’re doing National Service.

Your NS or reservist days might be behind you, but you still need to rely on Aviva if you decide to purchase their Singlife with Aviva travel insurance when you go on overseas holidays.

Despite the fact that Aviva already makes loads of money from MINDEF, Singlife with Aviva Travel Insurance is actually a well thought-out product that offers good value for money.

Let’s have a look at how the plan measures up.

• Singlife with Aviva Travel Insurance: Summary
• Singlife with Aviva Travel Insurance
• Singlife with Aviva Travel Insurance Covid Cover
• Singlife with Aviva Travel Insurance Extreme Sports
• Singlife with Aviva vs AIA Travel Insurance
• Singlife with Aviva Travel Insurance Promotion
• Singlife with Aviva Travel Insurance Claim Review
• Should I buy Singlife with Aviva Travel Insurance?

1. Singlife with Aviva Travel Insurance Summary

Singlife with Aviva travel insurance comes in three iterations:

• Travel Lite – Up to $250,000 of overseas medical expenses
• Travel Plus – Up to $2,000,000 of overseas medical expenses
• Travel Prestige – Unlimited overseas medical expenses

You can also buy single-trip insurance for trips of up to 182 days or annual multi-trip insurance for unlimited trips within a year of up to 90 days per trip.

2. Singlife with Aviva Travel Insurance: Coverage

As mentioned previously, Singlife with Aviva travel insurance comes in three tiers—Travel Lite, Travel Plus and Travel Prestige.

Here’s a summary of the plans’ key benefits and coverage.

At a glance, the medical and travel benefits are quite generous compared to what’s being offered by competitors like AXA and DBS , particularly because the higher tier gets you unlimited medical expense claims.

Our main gripe is that you have to purchase an add-on to get coverage for outdoor/adventure activities. But if the riskiest thing you plan to do is to binge on local cuisine, you should be fine.

3. Singlife with Aviva Travel Insurance Covid Coverage

The Singlife with Aviva Travel Insurance policy comes with Covid-19 cover, as well it should, because almost all insurers now offer it.

Here are the details:

As far as Covid-19 benefits go, these are pretty decent.

First of all, they’re automatically included and do not need to be added on like with some plans, notably FWD’s travel insurance . Second, the claim amounts are decent, although they are not as generous as those given by some premium plans like MSIG’s .

Total Premium

FWD Business

[GIVEAWAY | MoneySmart Exclusive]   • Enjoy 35% off your policy premium. • Get S$30 Revolut cash reward and Eskimo Global 1GB eSIM with every policy purchased. T&Cs apply.   Over S$5,900 worth of Apple Gadgets and gifts to be scored on top of existing rewards: • Apple Watch SE (worth S$382.50) and more! T&Cs apply. • S$100 Revolut cash reward  when you are the  8th and 88th person  to sign up for a Revolut Account each week.  T&Cs apply .

Key Features

Enjoy cashless medical outpatient treatment in Singapore, access to emergency assistance and your travel policy documents through the FWD SG app!

Add on coverage for COVID-19 available for both Single & Annual Trips for travel period of 90 days or less.

Optional add on coverage available when your trip is cancelled for any reason for Single Trips. (To be purchased within 7 days of your initial trip deposit for your trip).

Optional add on coverage available for pre-existing Medical Conditions for Single Trips plans (up to 30 days) with S$100,000 coverage for medical expenses incurred overseas and 50% co-payment for trip cancellation, postponement and more!

4. Singlife with Aviva Travel Insurance Extreme Sports

Bad news, adrenaline junkies. The basic plans exclude anything classified as a dangerous sport or leisure activity.

Here’s whether you’ll be covered for various outdoor activities:

Going to Turkey for a hot air balloon ride or to New Zealand for a scenic helicopter ride? You’re in the clear and will be covered.

However, if you want to ski, scuba dive or jet ski, you’ll have to purchase an optional add-on for winter or water sports.

5. Singlife with Aviva vs AIA Travel Insurance

Let’s compare the Singlife with Aviva Travel Insurance plan with AIA Around the World Plus (II), one of their key competitors.

Comparing the main benefits of Singlife with Aviva and AIA’s plans, it looks like Singlife with Aviva’s offers better value for money!

The cheapest plan from Singlife with Aviva is cheaper than AIA’s but offers similar basic benefits.

6. Singlife with Aviva Travel Insurance Promotion

All MINDEF, MHA and POGIS policyholders (as well as their family members) get 43% off Singlife with Aviva travel insurance.

What’s more, until 31 August 2022, you can shave 18% off the price of single trip travel insurance purchases with promo code TRAVEL18.

By the way, the MINDEF discount applies to immediate family members (parents, siblings, wives, kids) too. So, if your dad or brother or husband is a policyholder, you can get them to buy travel insurance for you…

If you want to find out more about Aviva’s voluntary insurance for NSmen , we’ve written about it here. It’s actually a very, very good deal.

7. Singlife with Aviva Travel Insurance Claim Review

The Singlife with Aviva plan was only launched this year, so there isn’t much information from pleased/peeved customers on the claims process.

But there have been some murmurings on the internet that the claims process takes a long while to complete.

Singlife with Aviva Travel Insurance Emergency Hotline: +65 6460 9391 (24 hour)

Singlife with Aviva Travel Insurance Online Claims : Submit  here

Singlife with Aviva Travel Insurance  Claims: If you need to mail the original supporting documents (write down your policy number) to Singlife with Aviva, this is the mailing address:

Singlife Travel Insurance Claims Singapore Life Ltd. 4 Shenton Way #01-01 SGX Centre 2 Singapore 068807

Singlife with Aviva Travel Insurance  Claims Due Date: Claims must be made within 7 days of the event or incident. Notice the rather short time frame – the industry standard is 30 days. This is not one for procrastinators!

Singlife with Aviva Travel Insurance  Claims Settlement Time: Singlife with Aviva will acknowledge your claim via email or phone call within 2 working days. If they need further clarification they will follow up within 7 working days. You can also call Singlife with Aviva’s customer service hotline at +65 6827 9933 to follow up.

8. Should I buy Singlife with Aviva Travel Insurance?

Overall, the Singlife with Aviva Travel Insurance Policy is a pretty solid one that offers good value for money.

Its main flaw is that it does not offer coverage for most extreme sports or outdoor activities, so you’ll have to purchase an add-on for that ski or dive trip.

So, if you’re a thrill-seeker, look elsewhere!

Still shopping for travel insurance ? Compare all the best travel insurance plans in Singapore here.

Related Articles

Travel Insurance Singapore Guide (2024): Must-Knows for Choosing the Best Travel Insurance

Airline Travel Insurance – What does SIA, Scoot, Jetstar travel insurance cover?

Best Travel Insurance Plans in Singapore [content outdated due to Covid]

• Credit cards
• View all credit cards
• Banking guide
• Loans guide
• Insurance guide
• Personal finance
• View all personal finance
• Small business
• Small business guide
• View all taxes

How Much Is Travel Insurance in 2024?

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

Table of Contents

Average cost of travel insurance by trip cost

Factors that affect travel insurance cost, more example costs of travel insurance, types of travel insurance, how to buy travel insurance, credit cards with travel insurance, cost of travel insurance recapped.

According to NerdWallet analysis, the short answer to “How much does travel insurance cost?” is that it’s typically 7% of your overall trip cost. For example, travel insurance will cost you an additional $70 (roughly) for a $1,000 trip.

However, depending on your provider, travel insurance costs can range from 4%-16% of your trip cost. That means for that $1,000 trip, you might find coverage for as little as $40 or up $160 on the high end.

Costs vary across providers, level of coverage and factors like your age and destination. Let’s take a look at the different types of travel insurance, what influences its cost and the average cost of travel insurance.

The Nerds dove deep into over 50 real world coverage price points to get a clearer sense of typical travel insurance costs in 2024.

On average, travelers should expect to pay 6.87% of their total trip cost for travel insurance. The minimum you might expect to pay is 4.15%, but it can go as high as 15.8%.

How did we determine these ballpark travel insurance prices?

We broke it down by looking at four individual providers' cheapest basic plan and most expensive basic plan for two traveler age demographics: a 30 year old and a 60 year old.

The Texas-based travelers are taking a 10 day trip to Florida in the summer. Included providers in our analysis were:

Allianz Global Assistance .

Travel Guard by AIG .

USI Affinity Travel Insurance Services .

Travel Insured International .

World Nomads .

Berkshire Hathaway Travel Protection .

Travelex Insurance Services .

Seven Corners .

AXA Assistance USA .

TravelSafe .

HTH Insurance .

According to the U.S. Travel Insurance Association, a national association of insurance carriers, the amount you can expect to pay for travel insurance will vary between 4% to 8% of your overall trip. This falls in the general range of our analysis, too.

If your vacation was $5,000, you’d be looking at somewhere between $200 and $400 for insurance. NerdWallet findings corroborate this range, with the average travel insurance cost for a trip at this price point being about $350.

Of course, as we describe below, the type of coverage you choose can greatly affect the cost of your insurance.

» Learn more: What does travel insurance cover?

So, how much is travel insurance? Several factors will influence the cost, like:

Type and extent of coverage.

The length of your trip.

Your destination.

The age of the policyholder.

Total trip cost.

Let’s say that you chose to purchase an insurance policy to cover any health care expenses you incur while traveling. This will reimburse you in the event you need to see a doctor, require hospitalization or have a variety of needs related to health care.

However, let’s say that you also chose to insure some of your trip costs; this means that, if need be, the policy will reimburse you for nonrefundable trip costs in case of a covered event. This will drive up the price of your policy overall.

Another factor that will affect the cost of your travel insurance is the coverage limits of your policy. These limits dictate how much you’ll be reimbursed in the event you need to use your insurance; the higher the amount, the more expensive your insurance.

» Learn more: The best travel insurance companies

Here are some sample costs of travel insurance for a seven-day trip in the United States for two travelers ages 34 and 36. Full trip costs are estimated to be $2,000, and trip bookings have yet to be paid in full.

Policies include trip interruption coverage, travel delay coverage (up to $500) and emergency medical coverage.

In addition to the cost of travel insurance, we also need to talk about the different types of travel insurance. This is because the price you’ll pay will depend on the insurance you choose. Some policies — like those that allow you to cancel for any reason — can be more expensive than other, more limited, policies.

Common types of travel insurance include:

Lost luggage insurance .

Trip interruption insurance .

Trip cancellation insurance .

Rental car insurance .

Cancel For Any Reason insurance .

Health insurance .

Accidental death insurance .

Emergency evacuation insurance .

Different types of insurance will cover various things. Trip cancellation insurance, for example, will allow you to recoup a portion of nonrefundable costs when you’re forced to cancel your trip for a covered reason.

It’s simple to purchase travel insurance; you’ve probably seen dozens of ads for insurance whenever booking a flight or rental car.

However, it’s a better idea to get multiple quotes for policies. Insurance policy aggregators, such as Squaremouth, allow you to search a variety of different providers at once. You can then compare the coverage and price of each policy before choosing one that suits your needs.

» Learn more: What to know before buying travel insurance

If you’re looking into purchasing travel insurance, you may want to check which credit card you’re using to book your trip. Many of today’s popular travel credit cards offer complimentary travel insurance.

Cards such as the Chase Sapphire Preferred® Card offer primary rental car insurance; this means that the card will pay for any covered damage so that it doesn’t pass on to your personal insurance policy.

The types of insurance and total coverage vary according to the card, so you’ll want to check your individual policies.

Common coverage includes trip delay insurance, lost luggage insurance, rental car insurance and emergency medical insurance.

Popular cards that provide these types of coverage include:

Chase Sapphire Preferred® Card .

Chase Sapphire Reserve® .

Capital One Venture X Rewards Credit Card . (Benefits may change over time.)

The Platinum Card® from American Express . Terms apply.

United℠ Explorer Card .

In order to qualify for coverage, you’ll want to use your card to pay for any trip costs, including your airfare, lodging and rental cars.

The amount you’ll be reimbursed varies widely depending on which card you hold. For instance, the Chase Sapphire Preferred® Card provides coverage for up to $10,000 per person and $20,000 per trip for prepaid, nonrefundable travel expenses for covered trip cancellations.

Chase Sapphire Preferred® Card

These include airfare, accommodations and even tours.

The United℠ Explorer Card , meanwhile, offers far less coverage at just $1,500 per person and $6,000 per trip.

United℠ Explorer Card

$0 intro for the first year, then $95

Of course, your trip will need to fall under covered circumstances, including sickness and severe weather.

» Learn more: Does my Chase credit card have travel insurance?

It can make sense to purchase travel insurance, especially if you’re unsure about your vacation or worried about incurring expenses you can’t afford. Before buying a policy, you’ll first want to decide what type of insurance you’re looking to buy; some types of coverage cost much more than others.

You’ll also want to check to see if your credit card already provides complimentary travel insurance. Many popular travel cards offer this feature, though the limits may be lower than you might prefer.

Finally, do your homework before buying a policy. Gather quotes from multiple companies before making a decision, and remember the average price of trip insurance ranges from 4% to 8% of your total vacation costs.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Insurance Benefit: Trip Delay Insurance

Up to $500 per Covered Trip that is delayed for more than 6 hours; and 2 claims per Eligible Card per 12 consecutive month period.

Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply.

Please visit americanexpress.com/benefitsguide for more details.

Underwritten by New Hampshire Insurance Company, an AIG Company.

Insurance Benefit: Baggage Insurance Plan

Baggage Insurance Plan coverage can be in effect for Covered Persons for eligible lost, damaged, or stolen Baggage during their travel on a Common Carrier Vehicle (e.g., plane, train, ship, or bus) when the Entire Fare for a ticket for the trip (one-way or round-trip) is charged to an Eligible Card. Coverage can be provided for up to $2,000 for checked Baggage and up to a combined maximum of $3,000 for checked and carry-on Baggage, in excess of coverage provided by the Common Carrier. The coverage is also subject to a $3,000 aggregate limit per Covered Trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each Covered Person with a $10,000 aggregate maximum for all Covered Persons per Covered Trip.

Underwritten by AMEX Assurance Company.

Insurance Benefit: Car Rental Loss & Damage Insurance

Car Rental Loss and Damage Insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply.

Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are some of the best travel credit cards of 2024 :

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Wells Fargo Autograph℠ Card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

on Chase's website

1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.

1x-5x 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.

1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.

50,000 Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.

How To Find Cheap Travel Insurance for Your Next Trip | Money

Travel insurance can cover your medical bills if you experience an injury or illness during your holiday. Depending on the policy you select, the best travel insurance policies can also cover trip interruption, lost baggage, rental car damage and emergency evacuations.

If you’ve invested a good deal of money on pre-paid, non-refundable travel expenses or are planning an extended vacation, you don’t want to leave on a trip without protecting yourself from the unforeseen. But you also don’t want to overpay for that sense of security.

Read on to learn how to find cheap travel insurance for your next trip and get tips on buying the right coverage to meet your needs.

How much does travel insurance cost?

The cost of travel insurance varies significantly. According to the U.S. Travel Insurance Association, you can expect to pay between 4% and 8% of your total trip cost on a travel insurance policy. The exact price will depend on the trip’s length, your age and the coverage amount you select, among other factors.

For example, if your trip costs $5,000, you’ll pay between $200 and $400 for travel insurance. However, if you’re older or planning to be out of the country for a prolonged period, you can expect your insurance premium to reflect those risks.

You may also pay more or less depending on the type of coverage you purchase. For instance, a policy with trip cancellation and medical evacuation coverage will likely cost more than one that provides travel medical benefits only.

What is considered cheap for travel insurance?

Your definition of affordability may be very different from that of other travelers. So, if you want to find the least expensive travel insurance option, there’s no getting around comparison shopping. Cheap travel insurance can be any policy that affords the coverage you need at a lower price point than other options.

Say you’re traveling with professional equipment like cameras. Purchasing a medical-only travel insurance policy could be more affordable than buying one that provides generous coverage for baggage loss and personal effects. However, going for the cheaper option may result in higher out-of-pocket costs if your bags are lost or stolen.

How to find cheap travel insurance for an upcoming trip

Finding the most affordable travel insurance will require some legwork. Here are some tips to make your search easier.

1. Only purchase the travel insurance coverage you need

Buying more insurance coverage than you need will increase your expenses. With that in mind, it’s best to start by understanding what travel insurance covers and then defining your needs.

Most travel insurers offer different plan tiers with various levels of coverage. Plans that cover more scenarios and offer higher coverage limits will cost more. Purchasing add-ons like rental car coverage will further increase the cost of your policy.

So, for example, you probably don’t need a policy that covers baggage delay or flight cancellation if you’re driving over the border into Canada. Instead, you can save money by selecting a more basic plan offering only emergency medical and personal effects coverage.

Similarly, paying for an annual travel insurance policy doesn’t make sense if you only leave the country once or twice a year for a couple of days each time. It might sound like a good idea because these plans often offer cheaper medical travel insurance coverage per trip, but they will cost more if you don’t travel frequently enough to make them worthwhile.

2. Choose the right type of policy for your trip

If you purchase travel insurance, make sure to select a plan that covers the risks you’re likely to face during your trip. For instance, you might go with a policy that covers missed connections and trip delays if your travel plans are complicated and involve numerous stops.

Similarly, if you’re participating in high-risk activities such as rock climbing or scuba diving, look for a policy that covers these, as not all plans do. And if you are taking a cruise, a cruise travel insurance policy can cover risks unique to this form of travel, such as medical emergencies that necessitate an airlift to an on-shore medical facility.

3. Check whether you already have some form of rental car coverage

You’ll need rental car insurance if you’re renting a car during your travels. Depending on your destination, you may already be covered under your car insurance policy. That could be the case if you’re traveling to Canada in a rental vehicle, for example. However, if you’re traveling to Mexico, you’ll need a separate policy.

Similarly, your car insurance policy from back home typically won’t cover you overseas. In that case, you can purchase insurance from a rental car company at your destination or check whether your credit card offers such protection. Many of the best travel credit cards include rental car coverage. If your card does, check whether that coverage is primary or secondary. Secondary coverage applies after you’ve exceeded the limits of any other applicable insurance policies.

With this in mind, you may not need to purchase rental car coverage from your travel insurance company. If your travel insurer offers you a better deal on a collision damage waiver — which is what travel insurers generally offer — call your rental car company first to see if it accepts this form of coverage, as some companies do not.

4. Check your credit card for travel protection benefits

Your credit card may also offer travel protection benefits beyond rental car coverage. Depending on your credit card, you could receive reimbursement for baggage loss and delays, trip interruptions and cancellations, and travel accidents. Some cards also provide emergency medical, dental, and even medical evacuation coverage.

However, every card is different, so contact your credit card issuer to learn what it covers and whether limits and restrictions apply (and they generally do). For example, only trips you purchased with the card would be covered, and you may be required to meet a deductible before coverage kicks in.

Just as with a travel insurance policy, you’ll have to cover any expenses out of pocket and then submit a claim for reimbursement. You’ll also be required to provide documentation to support your claim, such as medical bills. So, whether you purchase travel insurance or rely on your credit card’s travel benefits, always budget for contingencies.

5. Consider purchasing group coverage

Not all companies offering group travel insurance policies consider the travelers’ ages when pricing these plans. That means group coverage may be more affordable than buying individual policies for each group member. If you’re traveling with family, friends or colleagues, shop for group travel insurance instead.

Just keep in mind that group policies aren’t as customizable and coverage limits may be lower than what you need.

6. Comparison shop

We really can’t stress this enough, but comparison shopping is the best way to get a good deal on any kind of insurance, even travel insurance. If you don’t have time to do the legwork yourself, a travel insurance marketplace can help you quickly compare options from various insurers in a single place. It can also give you a better idea of how much travel insurance will cost you .

One possible drawback of doing business with an insurance marketplace is that they don’t partner with all providers, so you could be missing out on a good deal from a carrier the comparison site doesn’t do business with.

Is cheap travel insurance good?

Whether an affordable insurance policy is adequate will depend on what it includes and the specifics of your trip. If you’re flying to multiple countries, a cheap policy that doesn’t cover flight interruption may not suffice. However, that policy may suffice if you drive over the border for a few days and only require basic emergency medical coverage.

A cheap policy that covers all of your main risks is better for you than an expensive plan that doesn’t, so it all comes down to the coverages you need to best protect yourself. When searching for a policy, consider where you’re going, what you’ll be doing and how long you’ll be gone.

Summary of Money’s guide to finding cheap travel insurance for your next trip

Planning a trip takes time, and finding the ideal travel insurance policy will add to your workload. However, travel insurance can give you great peace of mind during your travels by helping you protect your savings. Moreover, affordable options exist.

To save even more on travel insurance, define your coverage needs, check whether you already have other forms of insurance or travel benefits that can protect any aspects of your trip and comparison shop.

© Copyright 2023 Money Group, LLC . All Rights Reserved.

This article originally appeared on Money.com and may contain affiliate links for which Money receives compensation. Opinions expressed in this article are the author's alone, not those of a third-party entity, and have not been reviewed, approved, or otherwise endorsed. Offers may be subject to change without notice. For more information, read Money’s full disclaimer .

• Best Overall Travel Insurance
• Get Travel Insurance Quotes
• Methodology

Best Travel Insurance in California: Top Plans for Your Next Trip

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate insurance products to write unbiased product reviews.

Whether you're road-tripping to Palm Springs or passing through LAX to catch a flight around the world, the best travel insurance companies for Californians offer comprehensive coverage options for a wide range of people and needs.

For this guide, we looked at coverage options, customizability, and the best companies for specific situations, such as pre-existing conditions.

Here are Business Insider's picks for the best travel insurance companies in California. 

Best Travel Insurance Companies in California

• Best Overall: Nationwide Travel Insurance
• Runner-Up: AXA Assistance USA
• Best for Cruises: Travel Guard
• Best Reputation:  C&F Travel Insured
• Best for Pre-existing Conditions:   Tin Leg Travel Insurance
• Best for Digital Nomads:   WorldTrips Travel Insurance
• Best Low-Cost Option:   Trawick International Travel Insurance
• Best for Road Trips: Travelex Travel Insurance
• Best for Adventure Sports: World Nomads Travel Insurance

Nationwide Travel Insurance

Nationwide is of the largest players in the travel insurance space, offering nearly endless options for any customer on the travel spectrum, including annual travel insurance plans which can offer frequent travelers the flexibility to "set it and forget it" on their travel insurance coverage.

Nationwide Essential also offers some of the most affordable policies in the market compared to similar plans from competitors, which makes it a great pick for just about anyone. Buyers can discuss bundling options as Nationwide also sells homeowners, auto, pet, and other insurance products. Its travel insurance quoting is just as easy as it has been with other Nationwide insurance products.

Read our Nationwide travel insurance review .

AXA Assistance USA

AXA offers consumers a great option for no-stress travel insurance: low-priced plans, generous coverage limits on key categories including primary insurance on lost luggage, and up to 150% reimbursement for qualifying trip cancellations.

While add-ons are limited and rental car coverage is not included by default on cheaper plans, AXA is a perfect fit for travelers who don't plan to drive (or who already hold a travel credit card with rental car coverage), and don't need any additional bells and whistles.

Read our AXA Assistance USA travel insurance review .

Travel Guard

AIG is well-known insurance provider, and a great fit for travelers who want to ensure that they can get their money back in the event of canceled or interrupted travel plans.

While the company's policies can be pricey compared to its competitors, the high medical and evacuation limits make AIG a solid choice for older travelers who value peace of mind and simplicity over highly customizable plans that may be bolstered with medical upgrades.

Read our AIG Travel Guard travel insurance review .

C&F Travel Insured

While every travel insurance company has negative reviews about its claims process, C&F Travel Insured 's claims process has a consistent stream of positive reviews. One customer wrote that C&F processed a claim within 48 hours. Additionally, C&F regularly responds to customer reviews within one business week, making reviews a consistent way to reach the company.

Additionally, in C&F's fine print, it mentions that any claims that take more than 30 days to pay out will begin to accrue interest at 9% APY.

C&F's reputation isn't the only thing to speak highly of. It offers an array of add-ons uncommon in the travel insurance industry, such as Interruption for Any Reason insurance and CFAR coverage for annual plans. C&F also offers discounts for children on its Protector Edge plan and free coverage on its Protector plan.  

Read our C&F Travel Insured review . 

Tin Leg Travel Insurance

Tin Leg is a great fit for travelers with medical issues in particular. Seven of Tin Leg's eight travel plans include coverage for pre-existing conditions as long as you purchase your policy within 15 days of your initial trip payment.

Thanks to coverage for pre-existing medical conditions as well as for potential COVID-19 infection while traveling, this company offers some of the best financial investment options for travelers who are or will be exposed to higher health risks and issues.

Read our Tin Leg travel insurance review .

WorldTrips Travel Insurance

WorldTrips has affordable premiums, highly customizable add-ons, and generous coverage for core categories of travel insurance. All this makes it a great option for digital nomads, students studying abroad and backpackers.

However, travelers should keep in mind that plans are not particularly flexible, and coverage amounts are limited unless you plan ahead to pay for the areas and amounts that you need.

Read our WorldTrips travel insurance review .

Trawick International Travel Insurance

Trawick offers low premiums across its five plans, most of which offer coverage for pre-existing conditions. You'll find robust medical travel insurance that can help higher-risk and anxious travelers find peace of mind while on the road. This company also offers high medical evacuation coverage limits, up to $1,000,000.

Read our Trawick travel insurance review .

Travelex Travel Insurance

Travelex offers three plans:

• Travel Basic
• Travel Select
• Travel America

The Travelex America plan is meant for trips limited to the U.S., but it has the highest coverage limits in many areas compared to its other programs. If you're flying somewhere, the lost baggage limits are higher. Its natural strengths shine for road trippers, though. Travelex America adds coverage for roadside service and rental car coverage for unexpected accidents. It also covers pets should you be involved in an accident while on the road.

While your standard auto insurance does extend to car rentals within the U.S. for a limited time, any accident would affect future rates. Travelex would eliminate the risk of reporting to your auto insurance provider for minor incidents within its purview.

Read our Travelex Travel Insurance review .

World Nomads Travel Insurance

World Nomads distinguishes itself from others by covering over 300 sports and activities, from skydiving to golf. Additionally, its one of the few travel insurance companies that allow you to purchase after departing for your destination. However, you'll have a 72-hour waiting period before coverage kicks in.

That said, World Nomads doesn't have the highest coverage limits compared to its competitors on this list, travel medical insurance capping out at $100,000. It also isn't the most flexible provider, only providing two plans to choose from with no options for pre-existing condition coverage. Yet, World Nomads still stands out for its sports coverage and post-departure coverage.

Read our World Nomads travel insurance review .

Get Travel Insurance Quotes in California

Faqs about the best travel insurance in california.

There isn't one best travel insurance company; there are many great providers on the travel insurance market today. Our overall winner was Nationwide for its breadth of coverage options. AIG Travel Guard, AXA, Berkshire Hathaway, Tin Leg, WorldTrips and Trawick also made the cut. The best pick for you will depend on what features you value the most, like a low premium or high coverage limits.

While coverage varies by policy, common exclusions often include pre-existing medical conditions (unless you have purchased a waiver), accidents caused by high-risk activities if not specifically covered (e.g., skydiving, scuba diving), travel for medical procedures, and events known before purchasing the policy (e.g., traveling during a pandemic). Always read your policy carefully to understand the exclusions.

The average cost of travel insurance is 4% to 8% of your total trip cost, so it could vary widely depending on where you're traveling and the length of your trip. Your age, the number of people in your group, and other factors can also influence how much you'll pay.

Yes, travel insurance typically offers some coverage of canceled flights, but if this benefit is important to you, make sure you read the fine print of your policy to make sure it offers adequate reimbursement. If you think you may need to cancel your travel plans, you should consider purchasing cancel for any reason (CFAR) travel insurance .

The best travel insurance for adventure sports is World Nomads , which covers over 300 sports in its base plan.

How We Reviewed the Best Travel Insurance Companies

To come up with our list of the best travel insurance companies, we evaluated each insurer based on the following factors:

Guide Methodology: What We Considered

Policy Types

Travel insurance is essential, but often underused partly because people aren't getting what they want. Business Insider's 2023 travel study showed 10.65% of travelers surveyed bought cancel for any reason insurance. Cost may be a factor, but in many cases, the coverage is more affordable than you might think. Regardless, companies must offer a diverse range of coverage options. We award five stars to companies offering all standard coverages and additional options like pet and sports equipment protection.

Our 2023 travel study indicated the majority of purchases were made through the travel provider (ex: flight protection insurance when you're purchasing your airline tickets). While these may be sufficient for some customers, we look for companies offering a more comprehensive range of services.

According to the U.S. Travel Insurance Association, the average cost of travel insurance will be between 4% and 8% of total travel expenses. Anything beyond that price point should include additional benefits beyond the standard inclusions, such as CFAR protection or upgraded medical coverage. Anything below that 4% threshold may leave you lacking important or sufficient coverage in an emergency.

Convenience and Flexibility

Whether you're an infrequent traveler or a suitcase warrior, a good travel insurance company should have you covered. In many cases, you might not even have to talk to a person in order to purchase your policy.

Many people think of travel insurance in context with specific trips, but most of these top contenders sell both single-trip and multi-trip policies, also known as annual travel insurance. Some companies also offer plans specifically designed for cruisers, students abroad, and business travelers. (Read our guide to the best cruise travel insurance companies for more details.) Finally, all of these providers offer multiple options for getting the specific areas and amounts of coverage that you want.

Claims Handling

Most travelers never have a large claim. Premiums are low, and it provides peace of mind for the just in case situations. So they leave reviews based on their reduced stress levels. But what happens if you lose your luggage or have to stay a few extra days due to an unexpected accident? Will your insurance carrier cover your claim without all the hassle? We check real customer reviews to sort this out for you.

Ease of Use and Support

When purchasing, during your trip, and throughout the claims process, you may need extra support. Does the company have a 24/7 help line? Does it have an online or mobile system allowing you to self-manage? Essentially, what are the options when you need help? We look at the big picture to evaluate the average customer experience with each company.

You can read our full insurance rating methodology for even more details.

• Retail investing
• The stock market
• Debt management
• Credit scores
• Credit bureaus
• Identity theft and protection

• Main content

• Best Extended Auto Warranty
• Best Used Car Warranty
• Best Car Warranty Companies
• CarShield Reviews
• Best Auto Loan Rates
• Average Auto Loan Interest Rates
• Best Auto Refinance Rates
• Bad Credit Auto Loans
• Best Auto Shipping Companies
• How To Ship a Car
• Car Shipping Cost Calculator
• Montway Auto Transport Review
• Best Car Buying Apps
• Best Sites To Sell a Car
• CarMax Review
• Carvana Review (July 2024)
• Best LLC Service
• Best Registered Agent Service
• Best Trademark Service
• Best Online Legal Services
• Best Accounting Software
• Best Receipt Scanner Apps
• Best Free Accounting Software
• Best Online Bookkeeping Services
• Best Mileage Tracker Apps
• Best Business Expense Tracker Apps
• Best CRMs for Small Business
• Best CRM Software
• Best CRM for Real Estate
• Best Marketing CRM
• Best CRM for Sales
• Best SEO Services
• Best Mass Texting Services
• Best Email Marketing Software
• Best SEO Software
• Best HR Software
• Best Payroll Services
• Best HR Outsourcing Services
• Best HRIS Software
• Best Free Time Tracking Apps
• Best Project Management Software
• Best Construction Project Management Software
• Best Task Management Software
• Free Project Management Software
• Best Personal Loans
• Best Fast Personal Loans
• Best Debt Consolidation Loans
• Best Personal Loans for Fair Credit
• HOME EQUITY
• Best Home Equity Loan Rates
• Best Home Equity Loans
• Best Checking Accounts
• Best Online Checking Accounts
• Best Online Banks
• Bank Account Bonuses
• Best High-Yield Savings Accounts
• Best Savings Accounts
• Average Savings Account Interest Rate
• Money Market Accounts
• Best CD Rates
• Best 3-Month CD Rates
• Best 6-Month CD Rates
• Best 1-Year CD Rates
• Best 5-Year CD Rates
• Best Hearing Aids
• Best OTC Hearing Aids
• Most Affordable Hearing Aids
• Eargo Hearing Aids Review
• Best Medical Alert Systems
• Best Medical Alert Watches
• Best Medical Alert Necklaces
• Are Medical Alert Systems Covered by Insurance?
• Best Online Therapy
• Best Online Therapy Platforms That Take Insurance
• Best Online Psychiatrist Platforms
• BetterHelp Review
• Best Mattress
• Best Mattress for Side Sleepers
• Best Mattress for Back Pain
• Best Adjustable Beds
• Best Home Warranty Companies
• Best Home Appliance Insurance
• American Home Shield Review
• Liberty Home Guard Review
• Best Moving Companies
• Best Interstate Moving Companies
• Best Long-Distance Moving Companies
• Cheap Moving Companies
• Best Window Brands
• Cheap Window Replacement
• Window Replacement Cost
• Best Gutter Guards
• Gutter Installation Costs
• Best Solar Companies
• Best Solar Panels
• How Much Do Solar Panels Cost?
• Solar Calculator
• Texas Electricity Companies
• Texas Electricity Rates
• Best Car Insurance Companies
• Cheapest Car Insurance Companies
• Compare Car Insurance Quotes
• Best Car Insurance for New Drivers
• Best Pet Insurance
• Cheapest Pet Insurance
• Pet Insurance Cost
• Pet Insurance in Texas
• Pet Wellness Plans
• Is Pet Insurance Worth It?
• Best Life Insurance
• Best Term Life Insurance
• Best Whole Life Insurance
• Term vs. Whole Life Insurance
• Best Travel Insurance Companies
• Best Homeowners Insurance Companies
• Best Renters Insurance Companies
• Best Motorcycle Insurance
• Cheapest Homeowners Insurance
• Cheapest Renters Insurance
• Travel Medical Insurance

MarketWatch Guides is a reviews and recommendations team, independent of the MarketWatch newsroom. We might earn a commission from links in this content.  Learn More

The 5 Best Annual Travel Insurance Plans (2024)

Alex Carver is a writer and researcher based in Charlotte, N.C. A contributor to major news websites such as Automoblog and USA Today, she’s written content in sectors such as insurance, warranties, shipping, real estate and more.

Tori Addison is an editor who has worked in the digital marketing industry for over five years. Her experience includes communications and marketing work in the nonprofit, governmental and academic sectors. A journalist by trade, she started her career covering politics and news in New York’s Hudson Valley. Her work included coverage of local and state budgets, federal financial regulations and health care legislation.

Here’s a breakdown of how we reviewed and rated the best travel insurance companies

The 5 Best Annual Travel Insurance Plans

Based on our team’s extensive research on annual, multi-trip travel insurance plans, we’ve named the following as our top picks. 

• Seven Corners: Trip Protection Annual Multi-Trip
• Trawick International : Safe Travels Annual Basic
• International Medical Group (IMG): Patriot Multi-Trip Travel Medical
• Allianz Travel Insurance: AllTrips Premier
• AIG Travel Guard: Annual Plan

Seven Corners Travel Insurance

Why We Picked Seven Corners

Seven Corners provides annual coverage through its Trip Protection Annual Multi-Trip plan. The plan includes COVID-19 protection, trip cancellation insurance and pre-existing condition coverage as standard, and allows for unlimited trips lasting 40 days or less throughout your policy term. You can also customize your annual trip cancellation limit, with up to $10,000 in total benefits.

Pros and Cons

Trawick international.

Why We Picked Trawick

If you’re looking for basic coverage at a low cost, Trawick International offers its Safe Travels Annual Basic plan for a flat rate of $155 per person. Coverage extends up to 30 days for each trip taken more than 100 miles from home during your coverage period and can apply to both U.S.-based and international trips. While Trawick features lower coverage limits than other providers on our list, it offers 100% trip cancellation coverage at no additional cost.

International Medical Group

Why We Picked IMG

International Medical Group (IMG) provides the highest medical coverage maximum of all the providers on our list through its Patriot Multi-Trip Travel Medical plan. The policy offers protection of up to $1 million after paying a $250 deductible for medical benefits, dental, emergency medical evacuation and more. IMG also provides medical and emergency medical evacuation coverage if you have a sudden and unexpected recurrence of a pre-existing condition. Note that you can upgrade your plan to allow for 45 days of coverage per trip versus 30 days.

Allianz Global Assistance

Why We Picked Allianz

The Allianz AllTrips Premier plan provides annual travel insurance coverage for your entire household through one plan — regardless of whether you travel separately or together. The plan includes trip cancellation and interruption benefits as standard coverage, but you can customize the coverage limits at an additional cost. The AllTrips Premier plan also provides rental car coverage, which most providers in this review lack.

AIG Travel Guard

Why We Picked AIG

AIG Travel Guard (AIG) offers one annual travel protection policy, called the Annual Plan. It provides non-flight accidental death and dismemberment coverage up to $50,000, which is not typically included in other yearly policy offerings based on our review. AIG also offers up to $100,000 specifically for security evacuations. Note that there is no age limit to purchasing a policy — the only requirements include holding U.S. residency and buying the policy no later than 24 hours before departure.

What Is Annual Travel Insurance?

Annual travel insurance — also known as multi-trip travel insurance — can protect multiple trips over a year. For frequent travelers planning several vacations in a year, an annual travel insurance plan can offer a more economical option than purchasing multiple single-trip policies . With annual travel insurance, you should only pay one premium for a year’s worth of coverage.

While each annual travel insurance plan varies by provider, you may find that per-trip or yearly coverage limits apply rather than item-specific limits. In addition, some coverages found with single-trip policies are not typically included in an annual travel insurance plan, such as trip cancellation insurance, baggage loss and rental car coverage. Providers may also not offer the option to add cancel for any reason (CFAR) coverage with an annual plan. Annual travel insurance usually focuses more on medical protection versus a broader range of coverages, based on our assessment.

Compare Annual Travel Insurance Plans

You can refer to the table below for a side-by-side comparison of our team’s picks for the best annual travel insurance policies.

* Our team gathered quotes from each provider’s website for the above-listed plans based on a 30-year-old sample traveler.

How To Choose an Annual Travel Insurance Plan

There are several steps you can take to help make the process of choosing an annual travel insurance plan easier while ensuring you pick the right plan for your needs as a traveler.

First, it is best practice to research providers before choosing an annual travel insurance plan. Not all travel insurance providers offer this type of policy, and for the ones that do, we recommend you consider industry and customer reputation when making a decision. Note the coverage limits, medical benefits and any additional add-ons each company offers. While the providers listed in this article are our top picks for annual coverage, every traveler’s needs and best-suited plan will vary.

If you have your travel itinerary for the year mapped out and know what you’re looking for in terms of coverage, consider an annual plan that aligns with your needs and concerns. For example, if you have a pre-existing medical condition , you may consider a provider that provides a pre-existing condition waiver and high medical coverage limits. If you’re more concerned about cancellation coverage, you may choose a plan that offers this type of protection, which not all companies include in their annual plans.

How Does Annual Travel Insurance Work?

Annual travel insurance works by covering a traveler during multiple trips over the course of a year. There’s usually no limit to the number of trips you can take during this time. However, companies do include limits on how long each trip can last under coverage. This limit varies by provider, but a standard threshold is a maximum of 90 days based on our review.

Some annual travel insurance benefits work on a per-trip or per-year basis. For example, a yearly plan may have a baggage loss limit that resets every trip, while it sets separate limits for trip interruption benefits for an entire year of travel. Plans are typically non-renewable, so once your coverage is up, you would have to buy a new plan to cover another year of travel.

After purchasing a plan, coverage begins on the effective date, which your provider should list within your policy documents. Coverage ends on your policy’s expiration date, which your provider should also detail within your policy. How long coverage extends per trip, and the associated coverage levels, will depend on your provider.

We recommend you read your policy carefully to ensure you fully understand the applicable limits of your annual travel insurance plan.

Benefits of Annual Travel Insurance

The benefits of an annual travel insurance plan include low costs compared to purchasing individual plans, convenience and consistent coverage across all of your trips. Learn more in the sections below.

Cost-Efficiency

Annual travel insurance plans are often more cost-efficient than several single-trip policies, according to our quote collection process. If you’re taking more than one or two trips within a year and looking for coverage on a budget, you may consider an annual travel insurance policy.

Convenience

Purchasing one travel insurance policy to cover a year’s worth of multiple trips is easier than buying several single-trip policies. You only need to worry about one set of terms, conditions, policy limits and more instead of juggling multiple plans.

Consistent Coverage

An annual travel insurance policy can ensure that coverage stays consistent throughout your travels. You can take trips of varying lengths to different destinations, but your coverage and benefits should remain the same within your term limits.

Drawbacks of Annual Travel Insurance

As with most types of insurance, there are both pros and cons to annual travel plans. These drawbacks include limited benefits and a variety of exclusions, which we’ll detail below.

Variety of Exclusions

Many providers do not include trip cancellation coverage if you purchase a basic annual policy. While some providers allow you to add these benefits to annual policies for an extra cost, coverage is not typically included as standard as with a single-trip policy.

Offers Lower Limits

Annual travel insurance limits are often lower than with a single-trip policy. If you’re looking to insure a costly trip or need a plan with high medical coverage limits, you may want to consider a single-trip plan instead.

Annual Travel Insurance vs. Single Trip Travel Insurance

You will likely notice differences and similarities when comparing annual travel insurance versus single-trip travel insurance policies. For one, both yearly and single-trip policies usually bundle travel medical, emergency medical evacuation, baggage loss, baggage delay and travel delay coverage within a standard policy . Single-trip policies, however, often include trip cancellation benefits, which many annual policies only offer as an add-on.

Both annual travel insurance and single-trip policies limit the length of trips covered. For yearly plans, limits can range from 30 to 90 days for a single trip, and you’ll need to head back to your home base in between trips. For a single-trip policy, plans often limit trip length to no longer than 180 days.

Cost Differences Between Annual and Single-Trip Travel Insurance

Annual multi-trip policies can be more cost-effective than single-trip coverage for frequent travelers, based on our review. Typically, single-trip policies may benefit travelers taking one or two trips in a year. Annual travel insurance is usually more suited for those who travel often, taking upwards of three trips or more within a year’s time.

There are times when a single-trip plan may better suit your needs compared to an annual policy. For example, if you are taking high-end, luxury trips with a high overall cost, you may benefit more from single-trip policies for each trip with high cancellation and interruption limits.

Who Needs Annual Travel Insurance?

Various types of travelers could benefit from an annual coverage plan. A multi-trip travel insurance plan is worth considering if you travel frequently for business or pleasure and do not need coverages such as trip cancellation insurance. Annual insurance may also suit travelers who like to take last-minute trips or longer vacations, as having an annual travel insurance plan in place can offer more convenience.

Annual plans are also worth considering for lower-cost trips where the primary concern is covering a potential medical emergency. As mentioned, annual plans do not usually offer trip cancellation coverage as a standard inclusion. However, they typically include medical expenses and emergency medical evacuation coverages — ideal for those looking to protect their health versus trip expenses during their travels.

If you’re taking expensive or high-value international trips throughout the year, you may prefer a single-trip policy for the trip cancellation benefits that come with each plan. Or, if you’ve booked a variety of non-refundable expenses, such as hotel or tour reservations, a single-trip plan with cancellation coverage may also better suit your needs.

What Does Annual Travel Insurance Cover?

Annual travel insurance policies offer a variety of coverages to offer financial protection if  unexpected events occur. From medical emergencies to travel inconveniences, yearly plans can provide comprehensive coverage for peace of mind.

Exclusions and Limitations of Annual Travel Policies

Annual travel insurance policies usually have the same exclusions as single-trip policies. Typically, pre-existing medical conditions are not covered. Still, some providers offer a waiver to extend coverage for medical bills or claims related to your recent medical history. Standard annual policies don’t cover adventure sports, but this coverage is often available as an add-on. Moreover, “foreseeable” events, such as natural disasters or named storms that began before you purchased your policy, are also excluded from annual travel coverage.

The coverage provided through an annual travel insurance policy also has limitations. For example, travel medical expenses and emergency medical evacuations have capped monetary limits. If the medical bills incurred during your travels cost more than the coverage you’ve purchased through your policy, you will have to cover the excess out-of-pocket. In addition, trip interruption benefits will cover a percentage of your non-refundable travel expenses, with the amount depending on your plan and provider.

According to Angela Borden, Product Marketing Specialist at Seven Corners, “One of the most common reasons for a denied claim is because a traveler misunderstood the details of their plan. If you have any questions about what’s covered, contact your provider. They’ll be able to address any concerns so that you can travel more confidently.”

We recommend you read through your annual travel policy documents thoroughly to understand the exclusions and limitations associated with your coverage. 

How To Buy Annual Travel Insurance

Purchasing an annual travel insurance policy is usually a straightforward process, as most providers allow you to get a quote and buy a policy entirely online. However, there are some specifics to pay attention to when purchasing a policy. 

Coverage Start and End Dates Vary

It is best practice to pay attention to when your coverage starts and ends with your chosen policy. Most providers specify the start date as when you begin your travels. Plans will likely end a year after your start date or when your benefits are exhausted, whichever comes first. Coverage for each trip cannot exceed the specified maximum length outlined in your policy, so take note of the stipulations around coverage start and end dates.

Understand the Claims Process

It can help to understand how to file a claim with your provider before an emergency occurs during your travels. Many companies allow you to file a claim online, but you can often speak with a claims representative during specified hours if you’d prefer to talk to someone over the phone. You’ll likely have to provide documentation for your claims, so we recommend you keep all receipts and other necessary documents during your travels.

Look for Add-On Options

Some annual travel insurance providers offer optional add-on coverages for an additional cost. You may find that you can customize your coverage limits as well. For example, Allianz and Seven Corners allow you to choose your trip cancellation coverage limits, but increasing the amount can result in an additional cost. Other companies, such as IMG, provide adventure sports riders for those looking to participate in activities such as paragliding, skydiving, windsurfing and more.

Is Annual Travel Insurance Worth It?

Annual travel insurance plans can be worth it for certain travelers . If you travel frequently for business or pleasure and prefer consistent, cost-effective insurance protection, an annual multi-trip policy may be the right choice for you over a single-trip policy. However, examining your unique coverage needs can help you better gauge whether you need a yearly policy.

“When you’ve made a financial investment in your trip or need to protect your health when you travel, travel insurance is 100% worth it. Travel insurance can reimburse you for prepaid, nonrefundable trip expenses if you need to cancel or interrupt your trip for a covered reason. This means you get money back in your pocket if the unexpected happens. Travel insurance can also reimburse you if your belongings are lost, stolen, or damaged and you need to replace them during your trip.” Angela Borden, Product Marketing Specialist at Seven Corners

We encourage you to gather multiple annual travel insurance quotes from various providers, comparing the costs and coverage limits on each policy. This can help you choose the coverage that best fits your needs.

Frequently Asked Questions About Annual Travel Insurance

What is the difference between annual multi-trip and long-stay trip insurance.

Annual multi-trip travel insurance covers multiple short-term trips — usually lasting 90 days or less — over the course of a year. Comparatively, long-stay trip insurance protects extended trips to one location and can be ideal for those working or studying abroad , taking a gap year and more.

Is an annual travel insurance plan worth it?

Annual travel insurance plans can be worth it for people who travel frequently and want affordable, consistent protection throughout the year. It may not be worth it for travelers looking for protections such as CFAR coverage or general trip cancellation benefits.

How much does annual trip insurance cost?

The average cost of annual trip insurance can range from $155 to $485 , based on quotes we gathered for multiple companies. The cost of an annual trip insurance policy will depend on factors such as your chosen plan, provider, coverage limits, add-on coverages and more. The best way to learn how much an annual multi-trip plan will cost you is to obtain free quotes from multiple providers.

Methodology: Our System for Rating Travel Insurance Companies

• A 30-year-old couple taking a $5,000 vacation to Mexico.
• A family of four taking an $8,000 vacation to Mexico.
• A 65-year-old couple taking a $7,000 vacation to the United Kingdom.
• A 30-year-old couple taking a $7,000 trip to the United Kingdom.
• A 19-year-old taking a $2,000 trip to France.
• A 27-year-old couple taking a $1,200 trip to Greece.
• A 51-year-old couple taking a $2,000 trip to Spain.
• Plan availability (10%): We look for insurers with a variety of travel insurance plans and the ability to customize a policy with coverage upgrades.
• Coverage details (29%): We review the baseline coverage each company offers in its cheapest comprehensive plan. A provider with robust coverage earns full points, including baggage delay and loss, COVID-19 coverage, emergency evacuation and medical coverage, trip delay and cancellation coverage, and more. Companies also receive points for offering a variety of policy add-ons like accidental death and dismemberment, extreme sports, valuable items, cancel for any reason coverage and more.
• Coverage times and amounts (34%): We compare each company’s waiting periods and maximum reimbursement amounts for baggage, travel and weather delays. Companies that offer customers reimbursement after fewer than 12 hours of delays earn full points in this category. We also reward travel insurance providers that cover more than 100% of trip costs in the event of cancellations or interruptions.
• Company service and reviews (17%): We look for indicators that a company is well-prepared to respond to customer needs. Companies with an established global resource network, 24/7 emergency hotline, mobile app, multiple ways to file a claim and concierge services score higher in this category. We assess reputation by evaluating consumer reviews, third-party financial strength and customer experience ratings, specifically from AM Best and the Better Business Bureau (BBB).

For more information, read our full travel insurance methodology.

A.M. Best Disclaimer

If you have feedback or questions about this article, please email the MarketWatch Guides team at editors@marketwatchguides. com .

MarketWatch Guides may receive compensation from companies that appear on this page.
The compensation may impact how, where and in what order products appear, but it does not influence the recommendations the editorial team provides. Not all companies, products, or offers were reviewed.