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Cheap travel insurance that doesn’t flop

Get first-class level travel insurance from $2.45 a day.

Cheap Travel Insurance

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Finding the cheapest travel insurance

Our insurance team have gathered 300+ quotes from over 50 popular travel insurance policies. We've selected some cheap policies based on 2023 Finder Awards research and our travel insurance quote engine. Keep in mind, prices will differ depending on where you travel, your age and pre-existing conditions.

Why you can trust our research

50+

policies analysed

300+

quotes gathered

100+

hours of research

Cheap basic travel insurance: Tick Travel Insurance (International)

Tick travel insurance

Our verdict

Tick's Basic Single Trip policy is typically the cheapest travel insurance policy on Finder. It's good if you're after cheap cover for the basics such as medical cover, but look elsewhere if you want more.

  • It offered the cheapest travel insurance cover for 7 out of the 8 destinations we got quotes for. We looked at a minimum of 30 policies for every destination. You also get 10% off when you use the code Finder.
  • For a 1-week holiday to destinations including Japan and the UK, a basic policy isn't likely to cost you more than $40. We also found prices for as little as $2.40 a day for a 2-week Bali trip.
    • It covers the very basics and no more. This includes unlimited medical expenses, up to $2,000 for lost or stolen luggage and personal belongings and personal liability cover.
    • Tick's budget policy does not cover COVID-related expenses but others, including Fast Cover do.
    • Get a quote

Cheap comprehensive travel insurance: Fast Cover (International)

Fast cover

Finder awards winner - Value

Our verdict

Fast Cover was the cheapest comprehensive travel insurance policy in our 2023 Finder Awards. Starting from around $11 per day, it's good if you want an affordable policy that covers medical expenses, some cancellations, delayed luggage and rearrangement costs due to COVID.

  • It won Finder's Best Value travel insurance award. Out of 28 comprehensive international policies, it was the cheapest.
  • It can cover cancellations, medical expenses and pay you up to $5,000 for COVID-related medical expenses and rearrangement costs.
  • Like lots of other insurers, its product disclosure statement can be quite confusing.
  • If you want a more comprehensive policy (that also has a much easier to understand PDS) consider Southern Cross Travel Insurance. It won the best comprehensive Finder Award and is on average only around $30 more expensive.
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Cheap domestic travel insurance: InsureandGo

insureandgo

Best Travel Insurance - Domestic

Our verdict

If you're planning a trip within Australia, InsureandGo's Domestic Gold policy could be ideal, especially if you're renting a car or are worried about having to rearrange or cancel your trip because of COVID.

  • It's one of the cheapest insurers for domestic policies. Its Domestic Gold policy cost $173 on average for a 2-week trip, according to our awards research. The average is $357. You can also currently get 10% off your travel insurance policy when you use the code Finder10.
  • It's Finder's best domestic travel insurance policy winner. InsureandGo's Gold policy will pay your rental car excess up to $7,500 if your car is damaged, stolen or involved in an accident. Most domestic policies pay $5,000 maximum.
  • The Domestic Gold policy covers up to $5,000 for COVID cancellation and rearrangement costs.
  • Insureandgo Domestic Bare Essentials is even cheaper. A one-week trip costs around $33. It covers up to $2,000 for cancellation and amendment fees, luggage and personal belongings, and personal liability.
  • There may be cheaper options depending on what you're looking for.
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Gary Ross Hunter
All of the top picks above were carefully researched and chosen by our insurance and innovations editor . Gary is the insurance expert at Finder, holds a Tier 1 General Insurance (General Advice) certification and has been helping Australians find good value cover for over 5 years.

What does cheap travel insurance policy cover?

Here's an overview of a basic and a comprehensive policy so you see the differences in price and inclusions.

Fast Cover BasicFast Cover Comprehensive
Price

$44.99

$89.89

Overseas emergency medical & hospital expenses

Unlimited

Unlimited

Trip cancellation expenses

Unlimited

Trip delay expenses

$50,000

Overseas hospital cash allowance

$5,000

Accidental death

$25,000

Permanent disability

$50,000

Passports, credit cards & credit card fraud

$5,000

Theft of cash

$250

COVID-19 medical expenses
Rearrangement costs if you get COVID-19
Compulsory quarantine costs

*This table was updated on 2 April 2024 for a 30-year-old travelling to Bali for 7 days.

Michelle Kwong

I was looking for cheap travel insurance when I went backpacking in Europe and ended up getting a policy with Tick. I knew it would only give me the basics, but because I wasn't travelling with much luggage or anything too valuable, I was fine with the policy only covering a couple grand of my belongings.
— Michelle Kwong, publisher and avid traveller

Tips to find cheap travel insurance

If you're finding it tricky to get a cheap policy, these 3 tips could help you lower costs:

Number 1

Take advantage of deals

Insurers often have coupon codes and deals offering you between 5% and 15% off. We've listed some below.

Number 2

Take out a tailored policy

Insurers such as Freely let you tailor your policy to suit your needs. So rather than pay for a standard policy that typically covers you for a bunch of expenses, you could get a policy that covers you for medical care and cancellation costs

Number 2

Increase your excess

This is the amount you need to pay when you make a claim. Choosing a higher excess means that it probably won't be worth making a claim for smaller expenses, but it ensures you're still covered if something more serious and expensive happens.

Save more with these travel insurance deals

Store Discount

Save 10% on InsureandGo policies with Finder

Use this coupon code to save 10%. Ts&Cs apply.

Last verified

Get 10% off Freely travel insurance policies

Use this promo code to get a 10% discount. T&Cs apply.

Last verified

Coupon code ends

Qantas Travel Insurance’s BIGGEST offer ever is on now

Earn up to 15,000 Qantas Points for every policy. T&Cs apply

Last verified

Deal ends

Get 17% off Kogan travel insurance policies

Use this promo code to get a 17% discount. T&Cs apply.

Last verified

Coupon code ends

Get 10% off on Tick travel insurance policies

Use this code to get a 10% discount. T&Cs apply.

Last verified

ahm and Medibank members get 10% off travel insurance

Get this discount if you're an ahm or Medibank Private member and save.

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Earn Velocity Points with Cover-More

Get 3 Virgin Velocity Points for every $1 spent on travel insurance with Cover-More.

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Get 8% off your Wise and Silent policy

Use the promocode to get 8% off travel insurance. T&Cs apply.

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Exclusive

15% off travel insurance for Medibank Private members

Get this discount if you're a Medibank Private member and save.

Last verified

Why you can trust Finder's travel insurance experts

freeYou pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees.
expert adviceYou save time. We spend 100s of hours researching travel insurance so you can sort the gold from the junk faster.
independentYou can trust us. We say it like it is. We aren't owned by an insurer and our opinions are our own.

Frequently asked questions

Written by

Gary Ross Hunter

Gary Ross Hunter is an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, The Guardian and news.com.au. Gary holds a Kaplan Tier 2 General Advice General Insurance certification which meets the requirements of ASIC Regulatory Guide 146 (RG146). See full profile

More guides on Finder

  • Luggage Insurance

    Travel insurance for luggage offers cover against the cost of repair or replacement when your luggage and personal belongings are lost, stolen or damaged.

  • Basic travel insurance

    Not sure if basic travel cover is worth it? Find out why covering the essentials is a smart move.

  • 10 hot tips to save on travel insurance

    Check out these ten simple things you can do to reduce your travel insurance premium.

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