Tin Leg, Seven Corners, Generali and World Nomads consistently have the lowest rates across coverage tiers. MoneyGeek analyzed over 10,000 quotes from 43 plans available to US travelers to find the cheapest travel insurance.
Find the most affordable travel insurance plans below.
Updated: August 30, 2026
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Tin Leg is the cheapest travel insurance company across all coverage tiers, with basic plans starting at $43 and comprehensive coverage at $61. World Nomads gets you the best value at age 65, and Travel Insured has the lowest rates for travelers aged 75.
The same $5,000 trip costs anywhere from $167 to $594 depending on the company, a $427 difference for identical coverage. Compare at least three quotes before buying to pay less.
The cheapest travel insurance plan may not fit you best. Spending $18 more upgrades you from basic to comprehensive coverage with $100,000 medical limits instead of $25,000.
Tin Leg is the cheapest overall with rates starting at $43, followed by Generali and Seven Corners at $75 to $81 for a $2,500 trip. For adventure travel coverage, World Nomads is the cheapest option, at $81.
Based on our analysis of 10,000+ quotes across 12 companies, these four companies consistently have the lowest rates across all age groups and trip types.
Tin Leg | Overall lowest cost | $43 | $152 | Offers competitive rates across all three coverage tiers; $43 Basic and $61 Comprehensive are industry-low |
Seven Corners | Mid-tier value | $81 | $152 | Consistently competitive; strong value for primary medical coverage |
Generali Global Assistance | Broad coverage | $75 | $152 | Competitive across multiple age groups; high medical limits on mid-tier plans |
World Nomads | Young travelers | $81 | $167 | Stable pricing; adventure coverage included at no extra cost |
Your cost will depend on the plan you choose from a travel insurer. Review the prices by plan below to find the lowest rate for the coverage you need. Older travelers should see our cheapest travel insurance companies for seniors or the best travel insurance for seniors.
The cheapest travel insurance plans start at $43 for basic coverage and $61 for comprehensive. The tables below show the lowest-priced options across three tiers: basic, comprehensive, and premium, with medical limits, evacuation coverage, and CFAR availability for each.
Travelex and Tin Leg have the cheapest basic travel insurance, with plans from $43 to $80. Basic plans cap medical coverage at $15,000 to $50,000 and evacuation at $100,000 to $250,000. They're right for domestic trips, short international travel or travelers who already have good health insurance.
Cheapest basic travel insurance plans:
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) |
*These 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.
Tin Leg, World Nomads and Seven Corners have the cheapest comprehensive travel insurance, with plans from $61 to $86. Comprehensive plans get you $100,000 to $150,000 medical coverage and $250,000 to $1 million evacuation limits.
Cheapest comprehensive travel insurance plans:
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.
Travel Insured and World Trips have the cheapest premium travel insurance at $91, with Tin Leg at $92. Premium plans get you $250,000 to $500,000 medical coverage and up to $1 million evacuation limits. All plans include optional CFAR.
Cheapest premium travel insurance plans:
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.
Travel insurance costs increase with age: Tin Leg has the lowest average travel insurance cost for young travelers, World Nomads is the cheapest at age 65, 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:
Cheapest Travel Insurance Companies for Age 65:
Cheapest Travel Insurance Companies for Age 75:
*World Nomads isn't included due to its 70-year age limit.
Compare quotes across insurers, buy within 14 to 21 days of your trip deposit and match your coverage tier to your actual needs to get the cheapest travel insurance. Identical $5,000 trip coverage ranges from $167 to $594 by company. Find the lowest rates without giving up coverage:
Rates vary by company for identical coverage. Our analysis shows the cheapest company charges $167 and the most expensive charges $594 for the same $5,000 trip, so comparison shopping saves $400 or more.
This unlocks pre-existing condition waivers and cancel for any reason coverage at no extra cost. Early purchase doesn't reduce your premium, but you get more features for the same price.
Limits represent your biggest financial risks abroad. A plan with $100,000 medical coverage for $61 gives you better value than $25,000 coverage for $59.
Good health insurance with international coverage and credit cards that include trip coverage let you choose basic travel insurance. Without existing coverage, choose comprehensive plans.
Single-trip policies cost less for occasional travelers despite annual plans' convenience.
Cancel for any reason (CFAR) lets you cancel trips for reasons standard policies don't cover, like work conflicts or travel anxiety. CFAR costs 40% to 50% more than base premiums but reimburses 75% of nonrefundable costs (versus 100% for standard covered reasons). You must purchase CFAR within 14 to 21 days of booking and cancel at least 48 hours before departure.
Plans under $50 for international trips frequently have coverage gaps that leave you exposed during emergencies. Watch for these five problems when comparing cheap travel insurance.
Plans with $10,000 to $25,000 medical limits leave you underinsured during emergencies.
Secondary coverage pays only after your primary health insurance processes its claim first. This delays reimbursement and potentially increasing out-of-pocket costs abroad. Primary coverage pays immediately.
Plans that exclude pre-existing conditions entirely, rather than offering waivers for early purchase, give you inadequate coverage if you have a medical history.
Cheap plans may exclude rental car coverage, missed connections or activities like snorkeling and hiking to keep costs low.
Plans that require 48-hour or longer delays or excluding job loss give you limited coverage. Plans costing a few dollars more give you broader cancellation coverage.
Tin Leg's Basic Plan is the cheapest travel insurance plan at $43.
Cheap plans get you lower medical limits ($25,000 to $50,000), secondary coverage and basic trip coverage. Expensive plans give you higher limits ($250,000+), primary coverage and extras like cancel for any reason coverage. The middle tier gives you the best value in most cases.
For travelers aged 20 to 50, Tin Leg has the lowest average at $152 across seven plans. At age 65, World Nomads is cheapest because it doesn't adjust rates for age, so its average stays at $167 regardless. For travelers aged 75, Travel Insured has the lowest rates at $480 on average.
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.
Very cheap plans frequently have low medical limits, secondary coverage only, extensive exclusions or poor customer service. Plans under $50 for international trips have missing coverages for serious emergencies.
Mark Fitzpatrick is a licensed Property and Casualty (P&C) Insurance Producer in Connecticut and MoneyGeek's resident expert in insurance and economics. In nearly a decade covering the insurance market at LendingTree and MoneyGeek, he's analyzed hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College and later earned a master's in economics and international relations from Johns Hopkins University. He worked in financial risk management at State Street before joining MoneyGeek. He's also a five-time “Jeopardy!” champion.
