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Top 5 Best Travel Insurance Companies for October 2022

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If the past few years have proven anything, it’s that even the most well-thought-out plans can fall apart. Now more than ever, travelers are wondering what the best travel insurance for their next trip is.

As a result, travel insurance usage is more prevalent than ever.

Whether for unexpected medical expenses, trip cancellation guarantees, or policies that cover more adventurous travelers, Travel Off Path has found 5 of the best travel insurance options for every type of traveler.

Best Travel Insurance Policy Detailed Information
SafetyWingPic
Courtesy Of: SafetyWing

Best Travel Insurance For: SafetyWing is a very low-cost insurance that is great for budget travelers and digital nomads that is easy to extend on the go. SafetyWing separates itself from competitors by offering low-cost monthly travel insurance plans, perfect for a nomadic lifestyle.

Travelers 39 and under can secure coverage for just $42.00 per month. As ages increase, so do rates. Those in their 40’s will pay $68.04 per month, those in their 50’s will pay $106.68 per month, and those in their 60’s will be subject to the highest pricing of $144.76 per month. Interested in just a week? Your price will be drastically lower than the competition.

Pros

  • Very-Low-Cost Option
  • Available for nearly everyone in almost any country.
  • Travelers under 39 get lower pricing.
  • Subscription model makes it easy to stay covered while traveling long-term.

Cons

  • Age limit of 69
  • Has a deductible for medical incidents ($250)
  • No coverage for extreme sports

Coverage

  • Trip Interruption: Up to $5,000
  • Travel Delay: Up to $100
  • Lost Luggage: Up to $3,000
  • Medical Incidents: Up to $250,000

Cost for 1 Week of Coverage in October*

  • Ages 10 – 39: $12.00
  • Ages 40 – 49: $19.44
  • Ages 50 – 59: $30.48
  • Ages 60 – 69: $41.36

*Pricing is based on a 1-week trip from the USA to Europe in October.

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HeyMondoPic
Courtesy Of: HeyMondo

Best Travel Insurance For: HeyMondo has no deductible and offers incredible coverage amounts. This is the perfect plan for travelers who want complete peace of mind.

HeyMondo offers one-off trip insurance plans, as well as annual policies that cover trips up to 60 days in length.

Pros

  • 3 tiers of plans to choose from, offering greater flexibility
  • 5% off for being a Travel Off Path reader!
  • NO deductible
  • Optional coverage for extreme sports

Cons

  • Age limit of 69
  • Can be pricier depending on policy needs

Coverage

  • Trip Interruption: Up to $7,000
  • Travel Delay: Up to $1500
  • Lost Luggage: Up to $2,500
  • Medical Incidents: Up to $500,000

Cost for 1 Week of Coverage in October*

  • Heymondo Top: $52.82
  • Heymondo Premium: $66.29
  • Heymondo Medical: $50.68

*Pricing is based on a 1-week trip from the USA to Europe in October.

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InsureMyTripPic
Courtesy Of: InsureMyTrip

Best Travel Insurance For: InsureMyTrip is great for seniors from any nationality. Great for coverage for those 69 and older, InsureMyTrip satisfies comparison junkies by showing a wide range of providers to ensure you are getting the best coverage possible.

Pros

  • Wonderful comparison algorithm (think Expedia of Travel Insurance)
  • Coverage options for those over 69

Cons

  • Can be tough to sort through the wide range of options
  • Coverage varies between plans, careful reading required

Coverage

  • Coverage varies based on the plan selected.
  • Most plans include typical coverages such as trip cancellation, medical, & lost luggage protection.

Cost for 1 Week of Coverage in October*

  • Cheapest Plan: $118.00
  • Most Expensive Plan: $361.00

*Pricing based on 35 year old American traveling for 1 week in October from USA to Europe with a total trip cost of $5,000

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WorldNomadsPic
Courtesy Of: World Nomads

Best Travel Insurance For: World Nomads is a great option for the more adventurous traveler. Plans automatically cover more extreme activities such as scuba diving or ATV outings.

Pros

  • Coverage for extreme sports automatically included
  • Explorer plan offers car rental coverage up to $35,000
  • 24-hour assistance for added peace-of-mind

Cons

  • Age limit of 69. However, a partnership with TripAssure allows those over 69 to find coverage
  • Has a deductible for medical incidents ($250)
  • No coverage for extreme sports

Coverage

  • Trip Interruption: Up to $10,000
  • Travel Delay: Up to $3,000
  • Lost Luggage: Up to $3,000
  • Medical Incidents: Up to $100,000

Cost for 1 Week of Coverage in October*

  • Standard Plan: $69.62
  • Explorer Plan: $112.13

*Pricing is based on a 35-year-old American traveling for 1 week in October from the USA to Europe.

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TuGo Insurance Pic
Image Courtesy Of: Tugo

Best Travel Insurance For: Tugo is best for Canadians over the age of 69. As of October 4th, Tugo will sell policies to all Canadians, regardless of vaccination status.

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Traveler Alert: Don’t Forget Travel Insurance For Your Next Trip!

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This article originally appeared on TravelOffPath.com