Cheapest Travel Insurance Plans Reviewed: A Complete Guide for Smart Travelers.
Get the cheapest travel insurance plans. When planning a trip, travel insurance is often the last thing people think about—but it shouldn’t be. While no one wants to dwell on lost baggage, canceled flights, or unexpected hospital visits abroad, these risks are real and can be financially devastating without proper coverage.
The good news is this…Cheapest travel insurance plans for yourself, family, friends, etc. You don’t need to spend a fortune to get reliable protection. In this post, we’ll review some of the cheapest travel insurance plans available in 2025, comparing their pricing, coverage, exclusions, and ideal users. Whether you’re a student, a digital nomad, or a family on a tight budget, you’ll find an affordable option that doesn’t sacrifice money or budget.
Table of Contents
- Why Travel Insurance Is Essential
- What “Cheap” Really Means in Insurance
- Top Cheapest Travel Insurance Plans Reviewed
- Coverage Comparison Table
- Cheapest for Schengen Visa Requirements
- Cheapest Travel Insurance for Students
- Cheapest Travel Insurance for Long-Term Travelers
- Cheapest Coverage for Adventure Sports
- COVID-19 and Emergency Medical Inclusions
- Claims, Apps, and Customer Service
- How to Choose the Right Budget Plan
- Final Thoughts
- FAQs
1. Why Cheapest Travel Insurance Plans Are Essential
Travel insurance protects against trip cancellations, medical emergencies, evacuation, theft, and more. With global health costs rising, a simple emergency room visit abroad could cost hundreds—or thousands—of dollars. According to the World Health Organization (WHO), travelers are at higher risk of unexpected illness, injury, or exposure to unfamiliar environments while abroad.
Without coverage, a disrupted trip can quickly become a financial disaster. Thankfully, cheap travel insurance options exist, especially if you know where to look and what to prioritize.
2. What “Cheap” Really Means in Insurance Plans
Let’s clarify: “cheap” should never mean “worthless.” In travel insurance, the cheapest plan should cover:
- Emergency medical treatment
- Evacuation and repatriation
- Trip cancellation/interruption
- Lost/delayed baggage
- COVID-19-related medical events (if applicable)
The cheapest plans may have lower limits or fewer extras, but they should still meet basic travel protection standards.
3. Top Cheapest Travel Insurance Plans Reviewed
We reviewed plans based on price, value, and traveler feedback. Here are the five cheapest travel insurance plans in 2025 worth considering:
1. SafetyWing – Nomad Insurance
- Best For: Digital nomads, remote workers
- Starting Price: $45 per 4 weeks
- Medical Coverage: $250,000
- Trip Interruption: $5,000
- COVID-19 Coverage: Yes
- Adventure Sports: Some included
Pros:
- Monthly subscription model
- Great for long-term travelers
- Affordable and renewable anytime
Cons:
- Does not cover trip cancellations
- Some exclusions on high-risk countries
2. AXA Schengen Travel Insurance (Low-Cost Plan)
- Best For: Schengen visa applicants, short trips
- Starting Price: €20 for 7 days
- Medical Coverage: €30,000 (Meets EU visa requirements)
- Trip Cancellation: Not included
- COVID-19 Coverage: Included
Pros:
- Visa-compliant
- Simple online purchase
- No age restrictions
Cons:
- Minimal extras beyond medical
- Not suitable for long trips
3. Allianz Travel Insurance – OneTrip Basic
- Best For: Families on a budget
- Starting Price: $70 per trip (14 days)
- Emergency Medical: $10,000
- Trip Cancellation: 100% of trip cost
- Baggage Loss: $500
Pros:
- Reputable brand
- U.S.-based claims and support
- Fast reimbursement process
Cons:
- Low medical limits
- Excludes many adventure activities
4. Heymondo – Basic Plan
- Best For: Solo budget travelers
- Starting Price: $42 (10-day trip)
- Medical Coverage: $100,000
- Trip Interruption: Included
- COVID-19 Coverage: Yes
Pros:
- Good mobile app
- 24/7 doctor chat
- Emergency dental included
Cons:
- No coverage for very high-risk sports
- No coverage for trip cancellation in the basic plan
5. World Nomads – Standard Plan
- Best For: Backpackers, adventurous travelers
- Starting Price: $130 for 2 weeks
- Emergency Medical: $100,000
- Trip Cancellation: $2,500
- Adventure Sports: 200+ activities
Pros:
- Covers more sports than competitors
- Extendable mid-trip
- Easy online purchase
Cons:
- Slightly pricier than others
- Not available to residents of all countries
4. Coverage Comparison Table
| Feature | SafetyWing | AXA Schengen | Allianz OneTrip Basic | Heymondo | World Nomads |
|---|---|---|---|---|---|
| Starting Price (14 days) | $45 | $22 | $70 | $42 | $130 |
| Medical Coverage | $250,000 | €30,000 | $10,000 | $100,000 | $100,000 |
| Trip Cancellation | No | No | Yes | No | Yes ($2,500) |
| Adventure Sports | Some | No | No | Some | Yes (200+) |
| COVID-19 Coverage | Yes | Yes | Yes | Yes | Yes |
| 24/7 Emergency Assistance | Yes | Yes | Yes | Yes | Yes |
| Extendable While Traveling | Yes | No | No | Yes | Yes |
5. Cheapest for Schengen Visa Requirements
To get a Schengen visa, you must have travel insurance with:
- Minimum €30,000 medical coverage
- Validity for all Schengen countries
- Proof of purchase
Winner: AXA Schengen Low-Cost Plan
It’s specifically designed for this purpose, affordable, and accepted by all European embassies.
6. Cheapest Travel Insurance for Students
Students studying or interning abroad need coverage that includes medical, evacuation, and personal liability.
Top Pick: SafetyWing
- Affordable monthly plans
- Extendable without returning home
- Covers young adults in multiple countries
Alternative: Heymondo offers better medical limits but less flexibility.
7. Cheapest Travel Insurance for Long-Term Travelers
Travelers planning 3–12 months abroad should look for policies that can be extended or renewed.
Best Choice: SafetyWing
- Starts at just $45/month
- Renew online from anywhere
- Designed for continuous travel
Runner-up: World Nomads
- Ideal if you need adventure activity coverage
8. Cheapest Coverage for Adventure Sports
Many “cheap” plans don’t include high-risk sports. If you plan to ski, scuba dive, or trek, this matters.
Winner: World Nomads
- Covers 200+ sports in the standard plan
Honorable Mention: Heymondo
- Offers sports coverage in higher-tier plans
9. COVID-19 and Emergency Medical Inclusions
Each of these plans now includes some level of COVID-19 coverage, such as:
- Emergency treatment
- Trip interruption due to quarantine
- Repatriation in case of infection
Tip: Always check the policy’s pandemic section before buying.
10. Claims, Apps, and Customer Service
- Allianz: Highly rated mobile app, fast processing
- Heymondo: 24/7 doctor chat, in-app support
- SafetyWing: Online portal, email support
- AXA Schengen: Online claims only
- World Nomads: Claims via web portal, variable response time
11. How to Choose the Right Budget Plan
Ask yourself:
- Trip Length: Going for two weeks or a year?
- Activities: Planning any risky excursions?
- Visa Needs: Does your destination require specific limits?
- Medical Needs: Do you have pre-existing conditions?
- Flexibility: Will you need to extend your coverage?
A cheap plan is only valuable if it covers what you truly need. Sometimes spending $20–$40 more saves you thousands in an emergency.
12. Final Thoughts: Which Is the Best Cheap Travel Insurance?
There’s no one-size-fits-all answer, but based on use cases:
- Best for Long Trips: SafetyWing
- Best for Visa Applicants: AXA Schengen
- Best for Adventure: World Nomads
- Best Mobile Support: Heymondo
- Best Overall Value: Allianz Basic (if your trip is short and low-risk)
Travel insurance doesn’t have to be expensive. But it must be effective. Always compare benefits—not just price—before choosing.
13. FAQs
Q: Can I buy cheap travel insurance after departure?
Yes, SafetyWing and World Nomads allow you to buy or extend after your trip has started.
Q: What’s the minimum coverage for a Schengen visa?
At least €30,000 in emergency medical coverage is required.
Q: Do cheap plans cover COVID-19?
Most modern plans do, but check specifics before purchase.
Q: Are adventure sports included in cheap plans?
Only a few plans, like World Nomads, include high-risk sports by default.
