15% off Budget Direct travel insurance
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Whether you're travelling abroad or within Australia, you can save on your travel insurance and spend the extra cash on more fun things. You can compare policies from 15+ Australian brands in 10 seconds by popping in your trip details below. Policies are already sorted from cheapest to most expensive.
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We've taken 5 of the cheapest policies from Finder and compared them side by side. You'll notice that the cheapest policies are those that mainly include medical cover.
|Name||Policy type||Features||Price per day||Apply|
|Basic||$2.59||Get quote||Bare Essentials||$2.70||Get quote|
|Medical Only||$2.73||Get quote|
*This quote is based on 25 year old going to Bali for 2 weeks. The quote was retrieved in October 2019. For more accurate pricing, complete the form above.
The cheapest policies are usually basic or medical-only policies. These policies cover emergency medical assistance, personal liability and not much else. Therefore, getting the best cheap travel insurance takes some consideration. The best policies are usually the most comprehensive policies but if you want something cheap, you may have to sacrifice some benefits.
To help you choose the "best cheap travel insurance", check out our tips:
In this example, you'll notice how the cheapest policy actually has a higher finder rating which means it's more comprehensive than the others. While it's more comprehensive than other cheaper options, bear in mind that it still only includes very basic features of a travel insurance policy. Other important benefits such as cancellation costs and cover for your travel documents are not included.
This a comparison of two policies so you can see the difference in inclusions.
|Fast Cover Basics||Fast Cover Comprehensive|
|Overseas Emergency Medical & Hospital Expenses|
|Overseas Emergency Evacuation and Repatriation|
|Trip Cancellation Expenses|
|Trip Disruption Expenses|
|Overseas Hospital Cash Payment|
|Passports, Credit Cards & Credit Card Fraud|
|Theft of Cash|
|Luggage and Personal Effects|
|Travel Delay Expenses|
*This table was created on the 11th July 2019 for a 30 year old travelling to Fiji for 14 days on a $200 excess.
Most insurers offer different levels of cover so it's worth noting the difference in price and benefits between each policy.
The below table compares Fast Cover's basic and comprehensive policy. The price difference is $25.80 which breaks down to an extra $1.84 to have way more benefits. You'll notice that Fast Cover's Basic policy covers you for medical expenses and personal liability. While these are vital components of a policy, it won't cover you for typical travel hiccups such as having to cancel parts of your trip due to something out of your control, out of pocket expenses if you've been sent to hospital overseas, or if someone skims your credit card.
This is not to say that a cheap policy isn't suitable. If all you're really concerned about is medical cover than a budget policy will suffice, just make sure you understand the benefits.
If you're looking for other ways to save some money, these tips can help;
While cheaper travel insurance is better than no travel insurance at all, you still have to make sure the cover you do get is satisfactory and meets your needs. Policy conditions for what you are and are not covered for can be quite complex so it is important to have an idea of what to look out for. Here are some things to look out for:
Travel insurance is an essential expense, but it doesn't have to break the bank. With a little bit of knowledge of how to find the best deal, you can lock in affordable cover and hit the road with complete confidence.
Yes, but only a handful of insurers offer this kind of policy. At the moment, Finder partners that offer 'cancellation only' include CoverMore, Qantas Travel Insurance and RACV but the policies are limited to travel within Australia, New Zealand and the Pacific Islands.[/fin_accordion]
No, not usually. Most cheap policies will only include benefits for overseas medical expenses, and if you're lucky, you might get personal liability and a bit of cover for your luggage. If you're worried about accidental death and disability, you're better off going with a more comprehensive and inclusive policy.
After paying for a policy, pre-departure benefits (like cancellation cover) come into effect immediately.
If something unexpected happens overseas and you need assistance, the best thing to do is call your insurer and ask if you're covered. They'll then advise you on what to do and what paperwork is needed to process your claim through. Depending on your situation, the insurer will cover the costs or reimburse you if you have to pay upfront costs.
Cover will end when you return home or if the policy expires (whichever comes first).
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