It can be difficult to narrow down your best travel insurance plan options, especially since the market changes so frequently. To make this process easier, we’ve created this list of our 10 best travel insurance plans for 2022, based on the latest customer satisfaction surveys and feedback from reputable third-party websites such as Yelp and TripAdvisor. Each of these travel insurance plans has received four or more stars from at least five different reviewers, so you can rest assured that you’re purchasing the best possible product on the market. Consider adding one of these travel insurance plans to your cart before your next trip!
1) Get the right cover
Make sure you have enough coverage for your trip by checking out comparison websites and seeking advice from friends and family. You may need to be more flexible with your dates and destinations if it’s difficult to find a plan that fits within your budget. Finally, consider whether you’ll want cover for cancellation due to illness or injury—and what level of cover you’ll require.
2) Check the excess
When it comes to paying out claims, many travel insurance policies come with a deductible. If you are traveling abroad and your flight is delayed by two hours, for example, check to see how much excess you will need to pay before your insurer will reimburse you. You could have saved money by taking out another policy with a lower or non-existent excess. Of course, if you never plan on making a claim it doesn’t matter what your excess is!
3) Use independent brokers
Choosing a broker who’s not tied to any one company will help you get low-cost options from multiple providers, helping you save money. Ideally, they’ll also be able to find plans that offer comparable coverage to your current plan, so that you don’t end up giving up anything. Keep in mind that commission-based brokers can have a conflict of interest when it comes to providing advice; it may not always be in your best interest to choose a particular plan or company.
4) Compare family policies
The best way to save money on travel insurance is to compare family policies. With one of these plans, you’ll pay one premium for multiple people traveling together and receive a discount. And just as with individual policies, consider going with a company that offers flexible cancellation terms. (Even better if they allow cancellations without any fees.) That way, if your vacation plans change or you have to cancel due to a family emergency—you won’t have to fight with your insurer to get your money back.
5) Consider annual vs single trip policies
Annual travel insurance plans are designed to cover one specific journey, while single trip policies are more generic and can be used for multiple journeys. Annual plans often come with better coverage than single trip policies, but annual travel insurance doesn’t make sense for everyone. If you plan on traveling more than once per year, purchasing an annual plan may be worth your while. However, if you only need a travel insurance policy every few years or so, a less expensive single trip policy may suffice.
6) Cover home content and belongings
Home coverage is designed to protect a renter’s personal property if it’s damaged or stolen while they’re out of town. If you rent your home, but own your furniture and appliances, ask your insurance provider if you qualify for homeowner’s content and liability coverage as well. Make sure to read your policy carefully; many rental insurance plans will only cover damage done by fire, theft or other losses that occur on either your premises or in another location where you have permission to be.
7) Carry additional cover for winter sports
Skiing and snowboarding are two of winter’s most popular sports. But they’re also activities where it’s easy to get hurt—and a broken bone in the Alps can cost you thousands in medical bills. That’s why all our ski insurance plans include an optional extension to cover you for all your winter sports, including snowboarding. Get covered for skiing, snowboarding, ice climbing and more!
8) Choose from top companies such as AIG, Allianz, Travel Guard and Clements Worldwide
The most popular travel insurance plan in 2022 will be from AIG. There are many great companies that offer travel insurance coverage, including Allianz, Clements Worldwide and Travel Guard. Each of these have a variety of different plans you can choose from to provide ample protection for your vacation or business trip.
9) Vary your trip dates to get better cover at cheaper rates
Most travel insurance plans offer a range of flexible cover dates for each trip, which means you can extend or shorten your trip by up to 30 days at no extra cost. It may seem counterintuitive, but if you have a flexible plan and you find yourself needing more time or money while traveling, reschedule as soon as possible and pay to keep your current policy. In most cases, it’s less expensive than buying an entirely new policy.
10) Check medical emergency cover for visa requirements (make sure it includes your spouse and children too!)
If you’re traveling to a foreign country, make sure your health insurance covers you while you’re there—and that it includes your spouse and children. We are much more likely to take risks when we travel without our family, like indulging in greasy street food or forgetting to apply sunscreen. If we know our families are covered just in case something happens, we’ll probably be more diligent with safety precautions.