Top 5 Best Travel Insurance Companies for October 2022

Share the article

Last update

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

Therefore, the use of travel insurance is more widespread than ever.

Whether it’s for unforeseen 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.

Detailed information on the best travel insurance policy
SecurityWingPic
Courtesy of: security wing

Best travel insurance for: security wing is a vvery cheap ideal insurance for budget travelers and digital nomads, easy to extend on the go. SafetyWing stands out from its competitors by offering low-cost monthly travel insurance plans that are perfect for a nomadic lifestyle.

Travelers 39 and under can get coverage for just $42.00 per month. As the ages increase, the rates also increase. Those in their 40s will pay $68.04 per month, those in their 50s will pay $106.68 per month, and those in their 60s will be subject to the higher price of $144.76 per month. Interested in just one week? Your price will be significantly lower than the competition.

Advantages

  • Very low cost option
  • Available to almost everyone in almost every country.
  • Travelers under the age of 39 benefit from reduced fares.
  • The subscription model makes it easy to stay covered on long-term travel.

The inconvenients

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

Cover

  • Trip interruption: up to $5,000
  • Travel delay: up to $100
  • Lost baggage: up to $3,000
  • Medical incidents: up to $250,000

Cost for 1 week of coverage in October*

  • 10 to 39 years old: $12.00
  • 40 to 49 years old: $19.44
  • 50 to 59: $30.48
  • 60 to 69: $41.36

*The price is based on a one-week trip from United States to Europe in October.

Back to table

HeyMondoPic
Courtesy of: HeyMondo

Best travel insurance for: HeyMondo has no deductible and offers incredible coverage amounts. It’s the perfect plan for travelers who want complete peace of mind.

HeyMondo offers unique travel insurance plans, as well as annual policies that cover trips up to 60 days.

Advantages

  • 3 levels of plans to choose from, offering greater flexibility
  • 5% off for being a Travel Off Path reader!
  • Not deductible
  • Optional coverage for extreme sports

The inconvenients

  • Age limit of 69
  • May be more expensive depending on policy needs

Cover

  • Trip interruption: up to $7,000
  • Travel delay: up to $1,500
  • Lost baggage: 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
  • Medical Heymondo: $50.68

*The price is based on a one-week trip from United States to Europe in October.

Back to table

InsureMyTripPic
Courtesy of: InsureMyTrip

Best travel insurance for: InsureMyTrip is great for seniors of all nationalities. Ideal for coverage of people age 69 and over, InsureMyTrip satisfies comparison junkies by showing a wide range of providers to ensure you get the best coverage possible.

Advantages

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

The inconvenients

  • Can be difficult to sort through the wide range of options
  • Coverage varies by plan, careful reading is required

Cover

  • Coverage varies depending on the plan chosen.
  • Most plans include typical coverages such as trip cancellation, medical protection, and lost baggage.

Cost for 1 week of coverage in October*

  • Cheapest package: $118.00
  • Most expensive package: $361.00

*Price based on a 35 year old American traveling for 1 week in October from the United States to Europe with a total travel cost of $5,000

Back to table

WorldNomadsPic
Courtesy of: world nomads

Best travel insurance for: nomads of the world is a great option for the more adventurous travelers. The packages automatically cover the most extreme activities such as scuba diving or mountain biking.

Advantages

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

The inconvenients

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

Cover

  • Trip interruption: up to $10,000
  • Travel delay: up to $3,000
  • Lost baggage: up to $3,000
  • Medical incidents: up to $100,000

Cost for 1 week of coverage in October*

  • Standard package: $69.62
  • Explorer Package: $112.13

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

Back to table

TuGo Insurance Photo
Courtesy of: tugo

Best travel insurance for: tugo is best for Canadians over 69. Starting October 4, Tugo will sell policies to all Canadians, regardless of their vaccination status.

Advantages

  • Very low cost option
  • Available to almost everyone in almost every country.
  • Travelers under the age of 39 benefit from reduced fares.
  • The subscription model makes it easy to stay covered on long-term travel.

The inconvenients

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

Cover

  • Coverage varies depending on the plan chosen.
  • Most plans include typical coverages such as trip cancellation, medical protection, and lost baggage.

Costs

  • Costs vary depending on age, destination and province of residence.

Back to table

Traveler alert: Don’t forget travel insurance for your next trip!

↓ Join our community ↓

The Travel Off Path Community FB Group has all the latest reopening news, conversations and daily Q&As!

trip-off-road-group-1-1
SUBSCRIBE TO OUR LATEST ARTICLES

Enter your email address to subscribe to the latest travel news from Travel Off Path, straight to your inbox

This article originally appeared on TravelOffPath.com

Kristan F. Talley