Many people are thrown off guard by the cheap prices of travel insurance, but it’s important not to be. If you’ve done your research and selected a travel insurance plan that delivers the coverage you need and the price is reasonable, even cheap, it just means you’ve qualified for a good rate.
Travel insurance can be quite comprehensive for the price.
For example, if two travelers from Kansas, ages 32 and 36 find a great package deal on a week in Scotland for $3,000, they can have comprehensive travel insurance coverage for just $154 more. We ran these trip details through our travel insurance comparison tool and found a Travel Select plan from Travelex that includes:
- 100% trip cancellation
- 150% trip interruption
- $50,000 per person primary emergency medical
- $500,000 per person emergency medical evacuation
- $750 per person travel delay
- $250 per person baggage
Our cheap travel insurance recommendations
The following are our recommendations for getting an adequate, but perhaps cheap, travel insurance plan:
- We recommend choosing an amount of travel medical coverage based on an assessment of your travel medical needs.
- We also recommend not over-spending on your travel insurance plan. See our 5 Rules for Saving Money on your Travel Insurance Plan for details.
And don’t worry if you initially purchase the wrong policy – travel insurance plans come with a review period of 10-14 days and during that time, you can make changes to your plan and even cancel it (for a small fee).