Cheapest Travel Insurance Plans and Companies

The cheapest travel insurance plans start at $43 for basic coverage and $61 for comprehensive plans. We compare quotes from 43 plans by coverage type and trip cost.

Find the most affordable travel insurance plans for you below.

Written by Mark Fitzpatrick

Updated: October 24, 2025

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Cheapest Travel Insurance: Key Takeaways

Cheap travel insurance starts at $43 from Tin Leg, less than what most travelers expect. The cheapest comprehensive and premium travel insurance plans start at $61 from Tin Leg, World Nomads, Travel Insured and World Trips for the lowest-priced coverage.

Your policy cost depends on your trip value, destination and age. Medical and evacuation coverage amounts and add-ons like CFAR (cancel for any reason) also affect pricing.

Compare cheap travel insurance across categories, not just price. The most affordable travel insurance option isn't always the best value when more comprehensive plans cost a few dollars more than basic coverage.

Cheapest Travel Insurance Plans

MoneyGeek analyzed over 10,000 quotes to find the cheapest travel insurance companies and plans. Tin Leg has the cheapest travel insurance plan with basic coverage starting at $43 for a $2,500 trip value.

Travel insurance is affordable, but the cheapest travel insurance plan may not be the best option for you. We compare features of the cheapest plans to ensure you get the inexpensive coverage you need. Our quote analysis shows that spending just $18 more can upgrade you from basic to comprehensive coverage with more medical coverage and favorable trip cancellation reasons.

Cheapest Travel Insurance Plans: Basic Coverage

Travelex and Tin Leg have the cheapest basic travel insurance. Basic plans provide minimum protection with $15,000 to $50,000 medical coverage, $100,000 to $250,000 evacuation limits and trip cancellation and interruption coverage. These work well for domestic trips, short international travel or younger travelers with existing health insurance.

Cheapest basic travel insurance plans:

Tin Leg Basic at $43: Best value with $50,000 medical coverage but limited trip cancellation reasons (no job loss, requires 48+ hour delays, no pre-existing condition coverage)
Travelex Essential at $62: Broader cancellation coverage than Tin Leg Basic with 21-day review period, with lower $25,000 medical limits
Tin Leg Economy at $68: Comprehensive protection with job loss coverage (if employed 1+ years), pre-existing condition waiver and coverage for delays of any length


Tin Leg	Basic	$43	$50,000	$200,000	Unavailable
Travelex	Essential	$62	$25,000	$200,000	Unavailable
Tin Leg	Economy	$68	$20,000	$100,000	Unavailable
Travelex	Advantage	$80	$50,000	$250,000	Unavailable
Travel Insured	Essential	$81	$50,000	$200,000	Included (within 14 days)

*The quotes are based on basic travel insurance plans with a $2,500 international trip cost and a single traveler between 20 and 50 years old.

Cheapest Travel Insurance Plans: Comprehensive Coverage

Tin Leg, World Nomads, and Seven Corners offer the cheapest comprehensive travel insurance plans. These plans offer $100,000 to $150,000 medical coverage and $250,000 to $1 million evacuation limits.
Cheapest comprehensive travel insurance plans:

Choose Tin Leg Platinum ($61) for high evacuation coverage ($500,000), primary medical coverage (instead of secondary, meaning it covers medical issues before your health insurance) and CFAR (cancel for any reason) availability at the lowest price.
Choose World Nomads Standard ($81) for adventure activities and remote destinations. It lacks CFAR options and offers only secondary medical coverage.
Choose Seven Corners Basic ($81) for CFAR availability with standard coverage, though it has a lower $250,000 evacuation limit compared with competitors' $500,000.


Tin Leg	Platinum	$61	$100,000	$500,000	Optional - 75%	Included (within 14 days)
World Nomads	Standard	$81	$100,000	$500,000	Not Available	Included (within 14 days)
Seven Corners	Basic	$81	$100,000	$250,000	Optional - 75%	Included (within 14 days)
Nationwide	Prime	$85	$150,000	$1,000,000	Available	Included (within 14 days)
Tin Leg	Luxury	$86	$100,000	$250,000	Optional - 75%	Included (within 21 days)

*The quotes are based on comprehensive travel insurance plans with a $2,500 international trip cost and a single traveler between 20 and 50 years old.

Cheapest Travel Insurance Plans: Premium Coverage

Travel Insured and World Trips offer the cheapest premium travel insurance plans at $91, with Tin Leg close behind at $92. These plans provide exceptional medical coverage and up to $1 million evacuation limits. All plans provide CFAR as an optional add-on.

Cheapest premium travel insurance plans:

Travel Insured Deluxe and World Trips Elevate at $91 (tied for cheapest)
Tin Leg Gold at $92


Travel Insured	Deluxe	$91	$250,000	$500,000	Optional - 75%	Included (within 14 days)
World Trips	Elevate	$91	$250,000	$1,000,000	Available	Included (within 14 days)
Tin Leg	Gold	$92	$500,000	$500,000	Optional - 75%	Included (within 14 days)
Travelex	Ultimate	$92	$250,000	$1,000,000	Available	Included (within 14 days)
Travel Insured	Platinum	$113	$500,000	$1,000,000	Optional - 75%	Included (within 14 days)

*The quotes are based on comprehensive travel insurance plans with a $2,500 international trip cost and a single traveler between 20 and 50 years old.

Cheapest Travel Insurance Companies by Age Group

The tables above show the cheapest travel insurance plans. We compare the cheapest travel insurance companies by age group below. Travel insurance costs increase with age.

Tin Leg has the lowest average travel insurance cost for young travelers, World Nomads is the cheapest for those 65 and under, and Travel Insured is the most affordable for 75-year-old travelers.

Here are the cheapest travel insurance companies for an average trip cost of $5,000.

Cheapest Travel Insurance Companies for Ages 20 to 50:

Tin Leg: $152 average (across seven plans)
Seven Corners: $152 average (two plans)
Generali Global Assistance: $152 average (three plans)
AXA: $162 average (three plans)
World Nomads: $167 average (three plans)

Cheapest Travel Insurance Companies for Age 65:

World Nomads: $167 average (same as young adults)
Generali Global Assistance: $320 average
Seven Corners: $350 average
Travel Insured: $380 average
AXA: $420 average

Cheapest Travel Insurance Companies for Age 75:

Travel Insured: $480 average
Seven Corners: $520 average
Generali Global Assistance: $580 average
AXA: $650 average

*World Nomads isn't included due to its 70-year age limit.

How to Get the Cheapest Travel Insurance

Getting cheap travel insurance takes more than comparing prices. You need the right coverage for your trip. Use these tips to get the best coverage for less money.

1
Compare quotes across multiple insurers for the same trip
Cost differences are big when comparing rates from different companies. Our analysis shows the cheapest company charges $167 while the most expensive charges $594 for identical $5,000 coverage. Shopping around saves hundreds of dollars.
2
Buy within 14 to 21 days of your initial trip deposit
This unlocks pre-existing condition waivers at no extra cost and ensures access to time-sensitive benefits like cancel for any reason (CFAR) coverage. While buying early doesn't mean your policy will be cheaper, you will get more features for the same price.
3
Focus on medical and evacuation coverage limits
These represent your biggest financial risks abroad. A plan with $100,000 medical coverage for $61 provides better value than $25,000 coverage for $59.
4
Consider your existing coverage
Strong health insurance and credit card trip protection mean you can opt for basic travel insurance. Without good health coverage, choose comprehensive plans instead.
5
Compare across coverage tiers
Comprehensive plans cost just $18 more than basic coverage in our analysis. Some insurers price premium plans lower than comprehensive options.
6
Avoid annual policies unless you take two or more trips yearly
Single-trip policies are cheaper for occasional travelers, despite the convenience of annual plans.

TRAVEL INSURANCE TIP: WHAT IS CFAR ?

Cancel for any reason (CFAR) is an optional upgrade that lets you cancel your trip for any reason not covered by standard policies, such as work conflicts or travel anxiety. Standard trip cancellation covers specific reasons like illness or weather, while CFAR provides flexibility to cancel for any reason.

CFAR costs more. It costs 40 to 50% more than your base premium but reimburses about 75% of nonrefundable trip costs (versus 100% for standard covered reasons). You must purchase CFAR within 14 to 21 days of your initial trip deposit and cancel at least 48 hours before departure.

Cheap Travel Insurance: Red Flags to Avoid

Extremely low prices may hide coverage gaps when your trip is cancelled, delayed or if you have a medical issue.

1
Medical coverage below $50,000
Plans offering $10,000 to $25,000 medical limits leave you underinsured during emergencies.
2
Secondary travel medical coverage
Secondary coverage pays only after your primary health insurance processes claims, which delays claims and may increase out-of-pocket costs abroad. Primary coverage pays immediately.
3
No pre-existing condition waivers available
Plans that exclude pre-existing conditions entirely, rather than offering waivers for early purchase, offer inadequate financial protection for travelers with medical histories.
4
Excessive exclusions for common travel activities
Cheap plans may exclude rental car coverage, missed connections or standard recreational activities to keep costs low. Review policy details before buying.
5
Trip cancellation coverage with unrealistic restrictions
Plans that require 48-hour or longer delays or exclude job loss offer limited financial protection. Plans costing a few dollars more offer broader cancellation coverage.

Cheapest Travel Insurance: Bottom Line

The cheapest travel insurance starts at $43 for basic coverage, but comprehensive protection costs just $18 more and includes higher medical and evacuation limits. The cheapest travel insurance plans are from Tin Leg, Seven Corners, Generali, AXA, World Nomads and Travel Insured, depending on your coverage needs.

Comparison shopping saves hundreds of dollars, with rates for identical coverage ranging from $167 to $594 by company. Match your coverage needs to your travel risks instead of choosing the cheapest option. Basic plans often exclude job loss coverage, pre-existing conditions and flexible cancellation reasons.

FAQ: Cheap Travel Insurance

Below are answers to common questions about cheap travel insurance. Learn about price differences, coverage trade-offs and how much you should budget for adequate financial protection.

What is the cheapest travel insurance plan?

Tin Leg's Basic Plan is the cheapest travel insurance plan at $43.

What's the difference between cheap and expensive travel insurance?

Cheap plans offer lower medical limits ($25,000 to $50,000), secondary coverage and basic trip protection. Expensive plans provide higher limits ($250,000+), primary coverage, and extras like cancel for any reason coverage. The middle tier often provides the best value.

Which travel insurance company has the cheapest rates?

World Nomads offers the cheapest average rates at $167 for $5,000 trips, especially for seniors, since it doesn't impose age penalties. Tin Leg and Seven Corners also provide competitive rates averaging $152 for younger travelers.

How much should I spend on travel insurance?

Travel insurance costs about 4% of the trip cost for young and middle-aged travelers. Spending less may leave coverage gaps. On average, older travelers spend between 4% and 10% of the trip cost for comprehensive coverage.

What's the catch with very cheap travel insurance plans?

Very cheap plans often have low medical limits, secondary coverage only, extensive exclusions or poor customer service. Plans under $50 for international trips usually leave large coverage gaps for serious emergencies.

About Mark Fitzpatrick

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.

Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!

He writes about economics and insurance, breaking down complex topics so people know what they're buying.

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