We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Important:
Travel insurance rules continue to change as a result of the coronavirus pandemic. We’re working hard to keep up and make sure our guides are up to date, however some information may not be accurate during the pandemic. It’s even more important to double-check all details that matter to you before taking out cover. Please know that some policies may not be available through Finder at this time. Here are some helpful tips:
If you're buying a policy today, it's unlikely that you'll be covered for any coronavirus-related claims
If your travel plans go against government advice, your policy will most likely be voided and you won't be covered
No matter where you’re visiting, you should have travel insurance. Medicare doesn’t cover you outside of Australia, so without travel insurance you will need to pay medical bills out of pocket, at a potential cost of thousands or even hundreds of thousands of dollars. Basic policies meanwhile, can start at less than $20 and can cover you for medical expenses, accidental death, personal liability and more.
Receive quotes for basic policies
Finally, some good news! Domestic travel is picking up, so some insurers have started offering cover again 🦘 Just remember, you won't be covered for any pandemic related claims if you do take out domestic travel insurance. International travel insurance is limited and sometimes unavailable at this point.
Entry-level travel insurance policies are designed to protect you from some of the more common scenarios. Compare basic travel insurance policies by looking at what they cover, including:
Overseas medical expenses. Without cover for these expenses, overseas injury or illness might leave you deeply in debt.
Medical evacuation and repatriation. If you need to be medically evacuated or repatriated, such as if you break a leg and need an airlift while mountain climbing, or develop an illness that requires you to be return to Australia under medical supervision, travel insurance can cover it. These expenses also typically run into thousands or tens of thousands of dollars.
Refunds and cancellation cover. If you’ve pre-booked tickets, hotels, tours or other activities, you might want to find travel insurance to reimburse you if, through no fault of your own, you need to change plans.
Luggage, valuables and personal belongings. Airlines don’t always have the best track record for taking care of luggage, but many travel insurance policies are able to reimburse you for lost belongings. Valuables and other personal belongings can similarly become a target for thieves and may be more likely to go missing overseas than at home. If something is important to you, it might be a good idea to either leave it behind or make sure it’s covered by travel insurance.
Personal liability. If you find yourself on the hook for personal legal liability when overseas – for example, if you’re involved in a car crash and the other party decides to sue you – basic travel insurance can cover the costs.
How much does will it cost?
The table below shows some example pricing for basic travel insurance for different age groups from a number of travel insurance brands for a 2 week trip to Bali.
Brand
Age 25
Age 65
Age 75
Brand 1
$22.94
$36.24
$81.02
Brand 2
$33.99
$46.99
$99.99
Brand 3
$36.30
$49.54
$109.77
Brand 4
$38.22
$53.51
$121.22
Brand 5
$39.52
$48.91
$154.79
Brand 6
$39.65
$49.07
$169.50
Brand 7
$41.53
$62.21
$313.07
Note that these prices are taken at September 2019 and are subject to change based on your own cover requirements.
Is basic cover enough? What level of travel insurance do I need?
Before you choose essentials-only travel cover, you might ask yourself some questions to make sure it works for you.
Where am I travelling and how long will I be away? Find a policy that covers you for all of your destinations and for the amount of time you will be travelling. If you are visiting an area that the Australian government has issued a travel advisory for, basic policies might not cover you.
Do I have any pre-existing conditions? You might not be able to count on all insurers offering equal cover of pre-existing conditions. If this is relevant to you it is important to understand how your policy covers pre-existing conditions and which insurers might be more or less flexible.
What do I want to do on my holiday? Will you be riding a motorbike, going skiing or participating in adventure sports? If so, you may need to check your policy’s list of exclusions and get additional cover.
Do I just need cover for myself or for my whole family? Ideally your children will have cover too. You may want to look for a special family travel insurance policy, but you can also save money by finding travel insurance with free cover for kids.
What happens if something goes wrong? Think about what would happen if the airline lost every single piece of luggage you were travelling with. And what if you lost your job, had to cancel your trip and really needed to get those non-refundable deposits back? Consider the real-world consequences of different situations for an idea of what type of cover you may need.
Does credit card travel insurance provide enough basic cover?
Most credit cards offer complimentary basic travel insurance. Such policies typically provide cover for a wide range of risks, including everything from overseas medical expenses and trip cancellations to lost or stolen luggage and rental vehicle excess.
These policies can be extremely handy if you’re looking for a basic level of cover for your trip. You’re technically already paying for travel insurance in your card’s annual fee, so if the cover is right for you, this option might be preferable.
However, credit card travel insurance does have its downsides. The level of cover provided is often fairly basic, with lower limits and less flexibility than you would find on standalone basic travel insurance policies. You may also have to satisfy particular conditions to activate your coverage, such as paying for a certain amount of your holiday with that credit card. But so long as you keep such limitations in mind, credit card travel insurance policies are definitely worth considering for budget-conscious travellers.
If your current card has complimentary travel insurance, find out what you should know before heading overseas with it.
If you’re interested in a new credit card and want complimentary travel cover ahead of your upcoming trip, you can find and compare more than twenty different options here.
How to save money on travel insurance
Sticking to basic travel insurance can save you money, and following these tips can save you even more.
Shop around. Don’t settle for the first policy you come across. Comparing quotes online is both fast and simple, so get quotes from at least a few different insurers before deciding on one.
Read the fine print. Everyone has heard horror stories of insurance companies refusing to pay claims because of hidden exclusions. Reading the Product Disclosure Statement of any policy you’re considering will give you a clear picture of what each plan actually covers, and when it might not pay out.
Choose a bigger excess. Many insurers will give you the option to choose a higher excess in return for lower premiums.
Consider a multi-trip policy. If you’re a frequent traveller who takes several trips each year, take a look at multi-trip policies. Instead of just covering you for one journey, these 12-month policies can cover all trips that year, whether for business or pleasure.
Keep an eye out for discounts. Promotions and discounts from insurers can help you enjoy sizeable savings, while promo codes are an incredibly easy way to pay less for the same cover.
Choose the right level of cover. Don’t pay for a comprehensive policy if you don’t need one, and consider which policy features you can do without.
Be up-front and honest. It’s your duty to disclose any relevant information to your insurer when you apply for cover, including any pre-existing medical conditions. Failing to tell your insurer the truth might lead to a claim being denied later.
Be wary of excess charges from travel agents. It might seem convenient, but travel agents can add big commissions onto the policies they sell. The same basic travel insurance is often considerably cheaper when you get it yourself rather than through an agent.
Some final questions you might have
The best time to take out cover is as soon as you have booked your trip. This ensures you can get refunds for cancellations that happen before leaving, such as if the airport at your destination is closed due to a storm.
Yes, basic travel insurance provides cover for overseas medical and hospital expenses.
While the level of coverage offered differs between providers, comprehensive policies may include extra cover for additional expenses, travel delays, loss of income, rental vehicle excess and much more. Where limits apply, such as to luggage cover, you can generally find higher limits with more comprehensive policies.
You can go to the website of each insurer you’re considering, then get quotes and read policy details there, but it’s much faster to use an online comparison tool to simultaneously get quotes from more than twenty different insurers.
Richard Laycock is Finder’s insights editor after spending the last five years writing and editing articles about insurance. His musings can be found across the web including on MoneyMag, Yahoo Finance and Travel Weekly. When he’s not doing deep dives on data, he is testing the quality of cocktails in his newfound home of New York. Richard studied Media at Macquarie University and The Missouri School of Journalism and has a Tier 1 Certification in General Advice for Life Insurance.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.