Get 15% off travel insurance from Travel with Kit
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If you've never looked at travel insurance before, the whole thing might be overwhelming. We've put together a guide to help you understand the importance of travel insurance, how to get study abroad travel insurance if you're planning to go on exchange, how to get cheap travel insurance and how to get the best travel insurance for your trip.
After all, you've saved up all this money while studying, don't get caught out on some of those expensive holiday hiccups.
Made a search before? Retrieve your search results
Think of it as an agreement between you and an insurer. You pay money in exchange for financial protection while you're travelling.
The below diagram is a very basic way of explaining how travel insurance works. It doesn't stop you from getting injured but it can help you pay for some very expensive medical care while you're abroad. It doesn't only cover you medically but also can cover your belongings and unexpected cancellations amongst other things.
Our comparison tool lets you filter policies by price so that you can find the cheapest travel insurance for your trip with a few clicks of a button. But what are you getting with these cheap policies?
Most budget travel insurance will only cover you for overseas medical expenses and personal liability, if you're lucky, you might get a limit for your luggage too. Here are three of the cheapest policies found with Finder. This search is based on a 20-year-old going to Europe for 4 weeks.
Simply fill out your trip details into our comparison tool and your results will be sorted from policies with the highest Finder Rating to the lowest.
As a student, the best travel insurance doesn't have to be the most expensive policy. You want to consider the balance between value and comprehensiveness. Our Finder Rating does exactly that.
Here are Finder's top 3 rated policies for a 4 week trip to Europe for a 20-year-old.
There's an obvious difference in price between a cheaper policy and comprehensive travel insurance. This is because the above policies not only just include unlimited medical cover, they also cover cancellation costs, delayed luggage, and lost/stolen personal effects, pretty much all the most common travel insurance claims and more.
You'll notice that Budget Direct's Comprehensive policy has the highest Finder Rating of 9.4 which means that it's the most comprehensive policy from our partners – it has a lot of cover included. See how it has the highest Finder Rating but is actually not the most expensive?
Let's be real, $3.72 per day is not much to pay for ultimate peace of mind.
Whether you're studying abroad or going on exchange, study abroad travel insurance will provide you with the cover you need. That's because, like exchange semesters, policies will generally last between 6 months to a whole year. If you're staying longer, you might need long term travel insurance.
While getting cover in your host country, here are some other reasons why travel insurance can be helpful while you're on exchange;
It's also handy to know that some universities might provide you with travel insurance before you leave home. Double-check this. If you already have cover, make sure you read through your policy benefits and decide whether or not you're getting a level of cover that you're comfortable with.
As a student, we don't expect you to have much experience with travel insurance. To help you get a good idea, we've put together a table that compares the benefits you get with a cheaper policy versus a more comprehensive one.
Remember, if you feel like your trip doesn't require so many benefits, then a cheaper policy could be enough for you. Just make sure you make these considerations.
These are benefits we think would be most useful to you as a student.
|Brand/policy type||Tick Travel Insurance - Basic||Budget Direct - Comprehensive|
|Overseas emergency medical and hospital expenses|
|Cancellation fees and lost deposits|
|Travel documents and traveller's cheques|
|Luggage and personal effects|
|Theft of cash|
|Additional accommodation and travel expenses|
* Table last updated: August 2019
Scouring the Internet for discounts and savings is just part of student life. No need to fuss, we've done all that for you. Here are our valid coupons with a few exclusives to Finder.
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