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How to Find the Best Travel Insurance

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Table of Contents

What travel insurance covers

How much does travel insurance cost, types of travel insurance, how to get travel insurance, what to look for in travel insurance, best travel insurance comparison sites, which insurance company is best for travel insurance, when to skip travel insurance, travel insurance, recapped.

Travel insurance can cover medical expenses, emergencies, trip interruptions, baggage, rental cars and more.

Cost is affected by trip length, pre-existing medical conditions, depth of coverage, your age and add-ons.

You can get it through credit cards or third-party companies, & can shop on travel insurance comparison sites.

Before buying, evaluate risks, know existing coverage, obtain quotes online and review policy details warily.

Skip it if you buy flexible airfare and hotels, already have coverage or only book refundable activities.

Booking travel always carries some degree of uncertainty. Travel insurance provides a safety net so you can step out with confidence. You may not need travel insurance for inexpensive trips, but it can provide a sense of security when you prepay for pricey reservations, a big international trip or travel during cold and flu season, which can be unpredictable.

According to insurance comparison site Squaremouth, travelers in 2023 spent an average of $403 for comprehensive coverage, compared to $96 for medical-only policies. Comprehensive plans typically cost between 5% and 10% of the insured trip cost.

Since that price tag is no small amount, it helps to know how to shop smart for travel insurance. Here's how to find the right travel insurance plan for you and your next adventure.

Depending on the type of coverage you’re looking for, the chart below will help you determine what to look for when selecting a policy:

Depending on the policy, travel insurance reimburses you or offers services when something goes awry. There’s even coverage for the worst-case scenario: if you die in an accident while traveling. Accidental death coverage pays your beneficiary a lump sum in that case.

Before you buy, take a little time to get familiar with different types of travel insurance products, how it’s priced, and what it covers and excludes. If you’re traveling during these uncertain times, you’ll want to make sure that the policy you select covers coronavirus-related emergencies. Usually, the more thorough the coverage, the more it will cost.

Travel insurance costs vary depending on:

Length and cost of the trip: The longer and more expensive the trip, the higher the policy cost.

Cost of local health care: High health-care costs in your destination can drive up the price of trip insurance.

Medical conditions you want covered: Conditions you already have will increase the cost of travel insurance coverage.

Amount and breadth of coverage: The more risks a policy covers, the more it will cost.

Your age: Generally the older you are, the higher the price.

Any optional supplement you add to your policy : Cancel For Any Reason , Interrupt For Any Reason and more.

Keep these factors in mind when considering different travel insurance options.

You’ll find a wide selection of travel protection plans when you shop for a policy.

Typically, travel insurance is sold as a package, known as a comprehensive plan, which includes a variety of coverage.

Here are seven of the most common types of travel insurance:

Travel medical insurance

These plans provide health insurance while you’re away from home. Although in some ways these policies work like traditional health plans, generally you cannot use travel health insurance for routine medical events. For example, a routine medical checkup is usually not covered. In addition, these policies often include limitations on coverage and exclusions for pre-existing conditions.

Although most travel insurance plans cover many recreational activities, such as skiing and horseback riding, they often exclude adventure sports, such as skydiving or parasailing, or competition in organized sporting events. You may need to buy a special travel policy designed for adventure or competitive sports.

International travel insurance

Most likely, your U.S.-based medical insurance will not work while you’re traveling internationally, and Medicare does not provide any coverage once you leave the United States outside of a few very specific exemptions. If you plan on traveling abroad, purchasing travel medical insurance could make a lot of sense.

» Learn more: Travel medical insurance: Emergency coverage while you travel internationally

Trip cancellation, interruption and delay

Trip cancellation coverage reimburses you for prepaid, nonrefundable expenses if the tour operator goes out of business or you have to cancel the trip for one of the covered reasons outlined in the policy, such as:

Your own illness.

The illness or death of a family member who’s not traveling with you.

Natural disasters.

Trip interruption insurance covers the nonrefundable cost of the unused portion of the trip if it is interrupted due to a reason outlined in the policy.

Trip delay coverage reimburses you for expenses such as lodging and meals if you’re delayed during a trip (e.g., your flight gets canceled due to weather ).

Many package policies cover all three. These policies are different from the cancellation waivers that cruise lines and tour operators offer, the Insurance Information Institute says. Waivers are cheap, ranging from $40 to $60, and often include restrictions. For example, according to the institute, waivers might not refund your money if you cancel immediately before departure. Waivers are technically not insurance policies.

Some companies offer additional layers of coverage at extra cost. “Cancel For Any Reason” coverage will reimburse a large part of the trip cost, no matter why you back out. And some companies let you pay extra to cover pre-existing conditions if you cancel for medical reasons.

Some insurers and comparison sites let you customize a policy by choosing types of coverage a la carte. For example, TravelInsurance.com is a comparison site that provides quotes from different providers.

Baggage and personal belongings

How does lost luggage insurance work? This coverage reimburses you for baggage and personal belongings that are lost, stolen or damaged during the trip. Some plans also reimburse you for extra expenses if you experience a baggage delay for more than a certain period, such as 12 hours.

Your renters or homeowners insurance may cover personal belongings while you are traveling. It’s best to review your homeowners insurance policy to determine the level of coverage it provides so you do not end up paying for a benefit you already have.

» Learn more: Baggage insurance explained

Emergency medical assistance, evacuation and repatriation

This coverage pays medical expenses if you get sick or injured on a trip . Medical evacuation coverage pays for transporting you to the nearest hospital, and medical repatriation pays for flying you to your home country.

» Learn more: Can I get travel insurance for pre-existing medical conditions?

24-hour assistance

This service is included with many package plans. The insurer provides a 24-hour hotline that you can call when you need help, such as booking a flight after a missed connection, finding lost luggage, or locating a doctor or lawyer.

Generally, travel insurance companies do not cover sports or any activity that can be deemed risky. If you’re thinking of incorporating adventurous activities into your vacation, choose a plan that includes adventure sports coverage.

Most travel insurers cover a wide array of services, but the specific options vary. Some plans include concierge services, providing help with restaurant referrals, tee time reservations and more. Many services also offer information before the trip, such as required vaccinations. The only way to know what’s included is to read the policy.

» Learn more: Should you insure your cruise?

Accidental death and dismemberment insurance

This coverage pays a lump sum to your beneficiary, such as a family member, if you die in an accident while on the trip. Accidental death and dismemberment insurance policies also pay a portion of the sum to you if you lose a hand, foot, limb, eyesight, speech or hearing. Some plans apply only to accidental death in a plane.

This coverage may be duplicative if you already have sufficient life insurance, which pays out whether you die in an accident or from an illness. You may also already have accidental death and dismemberment insurance through work, so it's best to check your policies to ensure you’re not overpaying.

» Learn more: NerdWallet's guide to life insurance

Rental car coverage

Rental car insurance pays for repairing your rental car if it’s damaged in a wreck, by vandals or in a natural disaster. The coverage doesn't include liability insurance, which pays for damage to other vehicles or for the medical treatment of others if you cause an accident and are held responsible.

Ask your car insurance company whether your policy will cover you when renting cars on the trip. U.S. car insurance policies generally don’t cover you when driving in other countries, except Canada.

Car insurance requirements are complex because they vary among countries. You can usually purchase liability insurance from the rental car company. Learn about car insurance requirements by searching for auto insurance by country on the U.S. Embassy website .

» Learn more: Best credit cards for rental car coverage

A note about single vs. long-term policies

Single trip insurance plans are a great option for those going on a single trip for a specific length of time (e.g., a two-week vacation) and then returning home. The price of the policy is usually determined by the cost of the trip.

Long-term travel policies cover you for multiple trips, but there are limitations to how long you can be away from home, if you can return home during your travels and how many trips you can take. In addition, trip cancellation and interruption coverage is either not offered or capped at a dollar amount that can be significantly below the total cost of all the trips taken during the covered period.

Long-term travel insurance plans — often called 'multi-trip' or 'annual travel insurance' — are a suitable option for those who travel often and are satisfied with the amount of trip cancellation coverage for all the trips they take over the duration of the policy.

» Learn more: How annual (multi-trip) travel insurance works

Below, we include how to obtain travel insurance, along with the pros and cons of each option.

Some credit cards offer trip cancellation and rental car insurance if you use the card to book the trip or car.

When you book a trip with your credit card, depending on the card you use, you may already receive trip cancellation and interruption coverage.

» Learn more: 10 credit cards that provide travel insurance

Here are a handful of credit cards that offer varying levels of travel insurance coverage for purchases made with the card.

on Chase's website

on American Express' website

• Trip delay: Up to $500 per ticket for delays more than 12 hours.

• Trip cancellation: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Trip interruption: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Baggage delay: Up to $100 per day for five days.

• Lost luggage: Up to $3,000 per passenger.

• Travel accident: Up to $500,000.

• Rental car insurance: Up to $75,000.

• Trip delay: Up to $500 per ticket for delays more than 6 hours.

• Travel accident: Up to $1 million.

• Rental car insurance: Up to the actual cash value of the car.

• Trip delay: Up to $500 per trip for delays more than 6 hours.

• Trip cancellation: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

• Trip interruption: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

Terms apply.

Pros: Coverage is free.

Cons: You can’t customize the insurance to meet your needs. Most credit cards offer secondary car rental insurance, which pays for the costs not covered by your regular car insurance plan.

Travel agents and travel reservation sites

You can buy travel insurance when you book your flight, hotel and car rental.

Pros: Buying is as quick and easy as clicking “yes” when you book reservations. Coverage is inexpensive.

Cons: You can’t customize the coverage.

» Learn more: Airline travel insurance vs. independent travel insurance

Travel insurance comparison sites

You can compare different policies and review quotes at once based on the trip search criteria you’ve input into the search form. Examples include marketplaces like Squaremouth or TravelInsurance.com.

Pros: You can choose a policy that fits your needs and compare policies and pricing in one place.

Cons: Comparing multiple policies takes time.

Travel insurance companies

You can purchase travel insurance directly from an insurance provider.

Pros: You can choose a policy that fits your needs. Many travel insurer websites also offer information to help you understand the coverage.

Cons: You’ll need to go to multiple websites to compare coverage and pricing.

» Learn more: The best travel insurance companies right now

Keep these tips in mind when you’re considering a trip insurance policy.

Evaluate the financial risks you face when traveling. Can you bear those costs yourself, or do you want insurance?

Examine what coverage you already have: Does your credit card offer travel insurance? Do you have renters or homeowners insurance to cover belongings? What is the deductible? Will your health plan cover you in all the locations where you travel?

Get quotes for trip insurance online. Choose a package of the benefits you need and compare prices for similar coverage among carriers.

Narrow your choices and then read the policy fine print to understand what’s covered, what’s excluded and the limits on coverage. You may find that the lowest-priced policy is too restrictive and that paying a little more gets you the coverage you need. Or you might find that the cheapest, most basic policy fits the bill.

If you don’t know which provider to go with, it makes sense to browse a list of plans on a travel insurance comparison site. These online marketplaces will often include plans from the best travel insurance companies along with customer reviews.

Squaremouth

Compare plans from more than 30 providers.

Over 86,000 customer reviews of insurers.

Under its Zero Complaint Guarantee, Squaremouth (a NerdWallet partner) will remove a provider if any customer complaint isn't resolved to its satisfaction.

Has a filter option to see policies that provide COVID-coverage.

TravelInsurance.com

Compare plans from 13 providers.

See good and poor customer ratings and reviews for each insurer when you receive quotes.

“Learning Center” includes travel insurance articles and travel tips, including important how-to information.

Quotes provided from each provider include a link to COVID-19 FAQs, making it easy for customers to review what’s covered or not.

InsureMyTrip

Compare plans from more than two dozen providers.

More than 70,000 customer reviews.

“Anytime Advocates” help customers navigate the claim process and will work on behalf of the customer to help with appealing a denied claim.

Includes a link to plans that offer COVID coverage.

Compare plans from 11 providers.

Search coverage by sporting activity, including ground, air and water sports.

Many types of plans available for students, visiting family members, new immigrants, those seeking COVID quarantine coverage and more.

Compare different insurance plans from 35 providers.

Over 5,600 customer reviews on Trustpilot, with an average 4.9 stars out of five.

Formerly known as AardvarkCompare, AARDY includes a “Travel Insurance 101” learning center to help customers understand various policies and benefits.

Quote search results page includes COVID-coverage highlighted in a different color to make it easier for customers to review related limits.

Whether you’re looking for an international travel insurance plan, emergency medical care, COVID coverage or a policy that includes extreme sports, these providers have you covered.

Our full analysis and more details about each organization can be found here: The Best Travel Insurance Companies Today .

Allianz Global Assistance .

Travel Guard by AIG .

USI Affinity Travel Insurance Services .

Travel Insured International .

World Nomads .

Berkshire Hathaway Travel Protection .

Travelex Insurance Services .

Seven Corners .

AXA Assistance USA .

There are a few scenarios when spending extra on travel insurance doesn't really make sense, like:

You booked flexible airline tickets.

Your hotel room has a good cancellation policy.

It's already included in your credit card.

You haven't booked any nonrefundable activities.

» Learn more: When you don't need travel insurance

Yes, especially for nonrefundable trips and travel during the COVID-era. Whether you purchase a comprehensive travel insurance policy or have travel insurance from your credit card, you shouldn't travel without having some sort of travel protection in place to safeguard you and your trip. Travel insurance can protect you in case of an unexpected emergency such as a canceled flight due to weather, a medical event that requires hospitalization, lost luggage and more.

There are many good travel insurance policies out there and a policy that may be great for you may not be good for someone else. Selecting the best plan depends on what coverage you would like and your trip details.

For example, World Nomads offers a comprehensive travel insurance policy that has excellent coverage for adventure sports. Allianz provides coverage for trips of varying lengths of time through its single trip plans and multi-trip plans. Some providers offer add-on options like Cancel For Any Reason travel insurance. If you’re not sure which plan to go with, consider looking at trip insurance comparison sites like Squaremouth or Insuremytrip.

Yes, you can. However, it's better to purchase it sooner rather than later, ideally right after booking your trip because the benefits begin as soon as you purchase a policy.

Let’s say you’re going on a trip in a month and a week before departure, you fall and break your leg. If you’ve purchased a travel insurance policy, you can use your trip cancellation benefits to get your nonrefundable deposit back.

Most comprehensive travel insurance plans offer trip cancellation, trip interruption, emergency medical and dental, medical evacuation, trip delay and lost luggage coverage. Many plans offer COVID coverage, but you’ll always want to check to ensure that the policy you choose provides that benefit if you’re traveling during these times. Some plans may also allow you to add features like Cancel For Any Reason travel insurance.

It depends which credit card you have. Premium travel cards like the Chase Sapphire Reserve® and The Platinum Card® from American Express offer travel insurance benefits if you book a trip using your card or points.

However, the coverage provided by the credit cards is usually lower than if you purchased a standalone policy. Review the travel insurance benefits on your credit card and check that the limits are adequate before foregoing from purchasing a separate plan.

Let’s say you’re going on a trip in a month and a week before departure, you fall and break your leg. If you’ve purchased a travel insurance policy, you can use your

trip cancellation benefits

to get your nonrefundable deposit back.

It depends which credit card you have. Premium travel cards like the

Chase Sapphire Reserve®

The Platinum Card® from American Express

offer travel insurance benefits if you book a trip using your card or points.

Unpredictability is one of the mind-opening joys of travel, but travel insurance should contain no surprises. The time you spend to understand your options will be well worth the peace of mind as you embark on your next adventure.

Whether you’re seeking a single or a long-term policy, each travel insurance option offers different strengths and weaknesses. Choosing the right policy depends on your trip needs, your budget and how important various benefits are to you.

Keep reading

If you want to dig in deeper to world of travel insurance, these resources will point you in the right direction.

What is travel insurance?

How much is travel insurance?

Is travel insurance worth it?

What does travel insurance cover?

Does travel insurance cover COVID?

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

75,000 Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.

1x-5x 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.

75,000 Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.

1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.

50,000 Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.

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In this guide

Restrictions

Your reviews, ask a question, travel money oz currency pass card review.

Load up to 10 currencies, lock in exchange rates and travel smarter with this prepaid travel card.

What currencies can I load on the Currency Pass card?

You can load and spend in the following 10 currencies:

• Great British Pounds
• New Zealand Dollars
• Canadian Dollars
• Singapore Dollars
• Hong Kong Dollars
• Japanese Yen
• Australian Dollars

You can also use the card wherever Mastercard is accepted, but the current exchange rates will apply if you spend in an unsupported currency. If you're using the card to get cash out, you'll also be charged different ATM withdrawal fees depending on which currency you're withdrawing.

How to load and reload funds

You can load a minimum of $20 and can top up your account anytime and anywhere, but the following fees and restrictions may apply:

• Online account and Travel Money Oz app. If you reload funds on your card via the online portal or app, you'll be charged 1.1%.
• BPAY. For BPAY payments, you can use the biller code 184416 and the 16-digit number on your card. If you reload your card via BPAY, you'll be charged a 1% fee and will take two business days to appear in your account.
• Bank transfer. You want to make a bank transfer directly from your own account, you can use the BSB 880-117 and the 9-digit account number from the "My Account" of the online portal. These will take one business day to appear in your account.
• In-store. You can reload funds on your card in-store for free at Travel Money Oz, Flight Centre, Travel Associates or Student Flights.

When you load funds on your card and move them into a supported foreign currency, they'll be locked into the current exchange rate.

How to order a Travel Money Oz Currency Pass card

You can order the Travel Money Oz Currency Pass online for free and you'll receive a personalised card within two weeks. If you need your card in less than 14 days, you can order one over the counter at a Travel Money Oz store.

When you apply for the card, you'll be asked to provide some personal details and contacts to meet the necessary identification check.

What if I already have a Travel Money Oz Key to the World Currency Card?

The Travel Money Oz Currency Pass card is replacing the Travel Oz Currency Pass. If you already have a Travel Oz Currency Pass, you can still use it until the expiry date that's printed on the front of your card. This card is no longer available for new applications and you may wish to apply for the Travel Money Oz Currency Pass card instead.

You can use the Travel Money Oz Currency Pass card to spend overseas with ease. As this isn't the only multi-currency prepaid travel card on the market, make sure to compare your options before you apply.

Frequently asked questions

Do i select 'savings' or 'credit' when using this card at an eftpos machine.

Although this isn't a credit card, you'll be required to press 'credit' when you make a purchase. If you select 'savings', it may be declined.

I've lost my card, what should I do?

• Australia: 1800 098 231
• UK: 0800 056 0572
• USA/Canada: 1877 465 0085
• Japan: 00531 780 221
• Thailand: 001800 442 212
• New Zealand: 0800 444 691
• Hong Kong: 800 966 321
• South Korea: 00798 4434 1279
• Other countries: +44 207 694 9404

What if I leftover funds on my card after I return home?

You can either use the remaining funds to make a purchase online or in Australia wherever Mastercard is accepted or withdraw the funds from an ATM. If you want to close the card and cash out the remaining balance of your card, it'll cost you $10.

How much can I load on the card?

You can load a minimum of $20 on your card per load and up to $10,000 via the online portal or up and up to $25,000 per day via BPAY. You can also load up to $100,000 in store, but that's also the limit you can have on the card for a 12 month period.

What is the default currency order?

If you're spending in a foreign currency that isn't loaded or supported by your card, your funds will be taken in the next available currency according to the default order:

Does the card expire?

Yes, each card has an expiry date which is printed on the front of your card. Although you can't use the card once it has expired, you can obtain a refund from any remaining balances on the card.

• Travel Money Oz Currency Pass Card information PDF
• Travel Money Oz Currency Pass Card TMD

To ask a question simply log in via your email or create an account .

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February 03, 2019

How can I check the balance on my card and do you have a statement listing my expenses?

February 05, 2019

Thank you for contacting finder .

You may check the balance and transaction history of your Travel Money Oz Currency Pass Card by logging in to your online account at the Travel Money Oz portal. You will have an online account by signing up on the portal and after an ID assessment.

I hope this helps.

Please do not hesitate to reach out again to us if your have additional questions.

Cheers, Ash

August 06, 2018

What is the best travel card to use in Iceland?

Jhezelyn Finder

Hi Nathalie,

Thank you for your comment.

While we do not have a specific page for travel money to Iceland, you may want to compare some alternative travel money that you can possibly use in Iceland.

Most of the tourists to Iceland use credit cards and it is recommended to bring a credit card with no foreign transaction fees. You can check a range of credit cards for overseas spending .

Please make sure though to read the eligibility criteria, features, and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

Regards, Jhezelyn

Sally McMullen

Sally McMullen was a creative content producer at Finder. Sally wrote about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong. See full profile

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Is travel insurance worth it?

April 30, 2024 | 2 min read

Planning a trip and wondering if you need a travel insurance policy? Keep reading to learn more about travel insurance to decide whether it’s right for you.

Key takeaways

• Travel insurance can provide financial protection if things go wrong before or during a trip.
• You might get travel insurance to cover potential losses from trip cancellations or delays, lost baggage or medical issues.
• Factoring in details specific to your trip and balancing with existing coverage might help you decide whether travel insurance is right for you.

Earn 75,000 bonus miles

Redeem your miles for flights, vacation rentals and more. Terms apply.

What does travel insurance do?

Travel insurance is a type of specialized protection that might help protect against financial losses from airline delays, medical issues or other unexpected occurrences. Some travel insurance plans focus on specific things, like lost baggage or health care. Others offer a wide range of benefits under a single plan. It’s a good idea to make sure you understand the terms and conditions, because coverage varies.

When might travel insurance be beneficial?

Some of the situations where it can help to have travel insurance include:

Interruptions and cancellations

Trip delay insurance covers food and lodging expenses if you experience an airline delay. Trip cancellation insurance can reimburse your prepaid costs if an illness forces you to cancel entirely.

Baggage issues

Baggage loss coverage can reimburse you if your luggage is lost, stolen, damaged or delayed.

Medical emergencies

Travel health or medical insurance can cover everything from medication to emergency medical evacuation if you become sick or injured when traveling abroad .

When might travel insurance be unnecessary?

There’s no right or wrong time for travel insurance. It depends on your circumstances. But when deciding whether travel insurance is worth it, you can consider things like:

• Type and length of trip: If the trip’s refundable, you might not need extra protection. And a short or cheap trip might not be worth the cost of coverage.
• Your existing coverage: Check existing policies and agreements. If you have coverage through your health insurance provider, credit card issuer or card network, you may not need more.

Considering travel insurance in a nutshell

Travel insurance can offer peace of mind if anything goes wrong before or during a trip. But it may not always be worth it. If you’re considering travel insurance coverage, looking at your situation, your trip and the terms and conditions of your existing insurance policies could help you determine whether the benefits outweigh the costs.

If you’re interested in getting insurance coverage from a credit card, you can check out the benefits that come with Capital One rewards credit cards .

Related Content

How does travel insurance through capital one cards work.

article | December 14, 2023 | 6 min read

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Beware using the Bpay number provided…

Beware using the Bpay number provided on the brochure.i have lost 1000.00 the money never showed up on my travel card. I will pursue this when I get home. I sent 4 emails requesting help from travel money oz, I could not call them as my travel sim card would not allow this. I could only email which they said they would not do. Basically I had no help and no money. Thank goodness I had mt visa card to make purchases. I would not recommend travel money oz. I still need to find my 1000. It's floating in cyber space somewhere. It was supposed to be a trusted BPay site.

Date of experience : March 01, 2024

Website provided good info

Website provided good info, exchange rates were competitive, staff at pickup were welcoming and competent. I would recommend tis business to friends.

Date of experience : March 10, 2024

Don't use them!!!! Horrendous company!

My account was suspended after 1 day of having the card. They refused to unlock the account without sending them a picture of my passport, bank statement, and a selfie with the government issued ID to an email address. Anyone that knows anything about cyber security should know PII over email is extremely insecure. Horrendous customer service where they speak minimal English and talk over you because any form of logic is non-existent. Disgusting company and service! AFCA is going to have a field day with this one.

Date of experience : November 13, 2023

Customer service is very poor

Customer service is very poor. I have travel money card with Euro balance of $114 which will be expiring very soon on the 12/23 and I have tried to call customer service 1300426 997, 136195 several times and I am unable to get any assistance also I am not able to recovery online access as I have lost my email when I was registered. please kindly Give me your feedback through text message

Date of experience : December 02, 2023

Reply from Travel Money Oz

Hi Lemlem, we're terribly sorry you have had trouble getting through to our team, I'd be more than happy to assist you in gaining access to your account again, could you reach out to [email protected] so I can get your issue resolved as soon as possible? Also, just to put your mind at ease, if your card expires you can still access the funds on it, they don't disappear if the card expires, so no worries there! Thanks, Travel Money Oz

Holiday made easy. I was reluctant to get a money card but…

I was reluctant to get a money card but I was so glad I did it made purchases so easy on our overseas holiday. It was accepted everywhere and I didn't have to worry about trying to find the right cash and understanding Euros.

Date of experience : October 13, 2023

Hi Cheryll, we're so happy to hear we helped make your holiday awesome! We can't wait to see you again for your next trip, and we hope you have a fantastic holiday season!

helpful staff, not so useful card

While sales staff at Gold Coast were kind and helpful, the card worked inconsistently while I was overseas. It was declined by several services despite the balance being high. The app also stopped working after a few transactions so I could not even check the balance or recharge. The telephone never answered when I tried to contact. I returned to Australia with unspent funds and the card was declined at big stores. Not worth the trouble.

Date of experience : July 03, 2023

The girls in the Hobart Tas shop were…

The girls in the Hobart Tas shop were wonderful with helping me & answered all my questions & had a lot of knowledge but didn't bombard you with tooo much info walked away very happy. Even when I done the card I went back afew day's later & asked her afew more thing's she just talked to me & answered my questions.

Date of experience : March 04, 2020

I ordered money on line, it was easy and safe. When I went to collect the currency, I was impressed by the friendly staff, who helped me determine that I probably needed more cash. Thank you to Mary at Mandurah Forum for being so helpful.

Date of experience : December 19, 2023

Hi Chris, we're so happy to hear you had a positive experience with our new Click and Collect system! We'll also be sure to tell Mary at Mandurah to keep up the fantastic work, and we hope to see you again soon!

Don’t go anywhere else absolutely amazing

Amazing service put an order in @ 2:45pm for money and it was ready by 3pm 15 minutes money was ready to collect. Good rates and very polite and professional friendly staff. 10/10 will be using every time I travel now

Date of experience : January 09, 2024

My experience with Travel Money Oz was…

My experience with Travel Money Oz was straightforward and completed in a short amount of time. The sales assistant was friendly and knew her job. I purchased a travel card and have yet to complete the experience when I use it overseas.

Date of experience : December 07, 2023

Good service.

Finally a good exchange rate as compared to other money changers and Kapil at the Mt Barker SA branch, was very helpful.

Date of experience : February 07, 2024

Amazing Grace...at Whitfords Oz Money!

Grace at Whitfords was an outstanding help organising travel money and an Oz card for our recent trip. She even helped with advice when I struck a problem in Munich. Well-done Grace.

Date of experience : September 27, 2023

Thanks for the 5-star review John! We are so happy that Grace was able to help you 😉 Hope you enjoyed Europe!

5 star service

Prompt service, great rates, the lady from the reception also followed up few days later to make sure I was happy and fund transferred within a timely manner.

Date of experience : December 03, 2023

Hi Arash, we're so proud of our staff for delivering the 5 star service you deserve, and going above and beyond! We hope you have a fantastic holiday season and we hope to see you again soon!

Great and easy to use

The staff was great helping us to decide on what type of ard we needed. The card arrived within a week and was very easy to activate and load our money onto. The app is easy to use so you can keep track of your money while travelling.

Hi Shannon, we're so happy to hear we are able to make your travels easier with our currency pass! We hope you have a wonderful holiday season, and we can't wait to see you again soon!

Special thanks to Josh from Travel…

Special thanks to Josh from Travel Money OZ on Swanston St in Melbourne! Thank you so much for your kindness, great service and the most important thing, excellent rate exchange! From the Israeli guy that bought from you Ruppi..

Date of experience : January 08, 2023

Be very wary of this company.I tried…

Be very wary of this company.I tried for 2 hours to get my money transferred to my bank account, when this failed I tried another approach and got stung with 2.9% service charge!!! Be very careful I will never use Travel Money Oz again, didn’t get any help when I went into there Erina store either.Disappointed & Disgusted.

Date of experience : August 28, 2023

Hi Barry, Our card is a Pre-Paid card by Mastercard, meaning you can't transfer money because it's not a bank account. I believe the best option is to transfer your foreign currency to AUD (no fees) and simply use the card for day to day payments. See more details here: https://www.travelmoneyoz.com/travel-money-card/pds If you believe you're received charges not listed here please get in contact with our Card Services team on 1800 098 231 so we can look into this. Thanks, Travel Money Oz

Travel Oz rate gap between branch and online rate

On Thursday, February 8, 2024 at 9.49 am, I exchanged 1497.50 Australian Dollar for 1480 New Zealand Dollar at the rate of 0.9883 (that is 1 AUD = 0.9883 NZD). I did this transaction at Travel Money Oz Galleria (Elizabeth St., VIC). I have the receipt with the Deal Ref: 702100-068300. When I checked the online rate provided by Travel Oz, I found that the rate for February 8, 2024 is 1.0299 (that is 1 AUD = 1.0299, thus 1497.5 AUD = 1542.28 NZD). How is it possible that a branch can set a rate that is so much different than the online announced rate at the Travel OZ website? This is unacceptable. I also wrote to the Customer Assistance about my concern with this transaction (as it is impossible to reach someone via phone) and I was told to receive a response in 2 business days. I will not let this one go. If they do not resolve this issue immediately (within the said timeframe), I will also write to press as well as consumer affairs.

Date of experience : February 08, 2024

Worst experience, untrustworthy

Our experience had been so poor I would have given no star. Our card is blocked and all the money we decided to use on our trip is jow locked away. Multiple calls to customer service without any resolution. They continue to say the card is accepted where they accept Mastercard bit in reality it is being declined everywhere. Stranded in US without any money. Going to report this to ombudsman, unacceptable service.

Date of experience : August 20, 2022

Meg on Elizabeth Street was amazing!!

Meg on Elizabeth Street was amazing!!! :) She’s knowledgeable, professional, friendly and very helpful! Their exchange rate was the best rate we’ve found in town too! Highly recommend! :)

Date of experience : May 18, 2023

Thanks for the 5-star review! We are so happy that Meg was able to help you and glad we offer best rates! 😉

You are not able activate your account…

You are not able activate your account on smart phone. Only on PC. Rediqulous! Now I am in foreign country, cannot top up my travel card, neither can check my balance. Also the rate the advisor said was excellent, but here is much better. Absolute liers! Will make an official complaint on my return.

Date of experience : March 08, 2020

Hello, Thanks for reaching out, you can also register your account by logging onto the portal (my.travelmoneyoz.com) as it's mobile friendly. If you're still experiencing issues with registration please send an email through to [email protected] so we can assist you ASAP! We're disappointed you aren't happy with the rate on your card. The daily spend rate for conversions between aud and a local currency is determined by Mastercard. Thanks, Ziah

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How Much Does Travel Insurance Cost?

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• The average travel insurance premium this week is $285.76, about the same compared to last week.
• For travel in the United States, the average premium is $92 to $403.
• Travel insurance protects against delayed baggage, trip cancellation, and more.

The average cost of travel insurance fluctuates throughout the year, based on demand and whether or not school's in session. Also keep in mind that where you're traveling and how many people are taking the trip will affect your exact premium.

The average travel insurance premium this week is about the same compared to last week.

Travel insurance rates this week:

• Average premium: $285.76
• Average trip cost: $6,848.65
• Average trip length: 16 Days

Understanding Travel Insurance

Travel insurance plans can cover both domestic and international travel. It could protect against something as familiar as delayed baggage (experts estimate 85% of lost luggage is returned to its owner within 48 hours) or as complicated as trip cancellation.

The benefits and limitations of travel insurance vary based on the company and plan. Above all else, this insurance coverage offers peace of mind.

Some credit cards offer a limited amount of travel insurance annually. If you need clarification on what your credit card offers, contact your provider to verify. These plans are great for cancellations and interruptions but may not cover more costly losses associated with unexpected medical expenses or emergency evacuations.

Individual travel insurance plans include this and much more. Travel insurance protects travelers from the unexpected when away from home.

Average Cost of Travel Insurance by Destination

Some countries are naturally more expensive travel destinations due to higher flight and lodging costs, which could increase travel insurance costs. Travel insurance will generally cost 5% to 10% of your total trip price, according to SquareMouth.

Here's how the prices stack up:

Source: SquareMouth

How Far in Advance to Purchase Travel Insurance

According to an AAA travel survey , 88% of travelers say that reimbursement after a trip cancellation is the most valuable benefit of trip insurance.

According to data gathered by SquareMouth in the last six months, travelers tend to purchase trip cancellation travel insurance 53 days before their trip. Meanwhile, travelers without trip cancellation insurance will buy a policy approximately 16 days before their trip. Regardless of when you buy, cancellation protection can kick in to protect you against the unexpected.

Average Cost of Travel Insurance by Age

A traveler's age is a significant factor in determining the cost of travel insurance. The older a traveler is, the higher travel insurance premiums are. For instance, a senior traveler may need more insurance for health-related emergencies than a millennial.

When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency.

Get your free travel insurance quote with SquareMouth »

Travel Insurance Rate Tips

How much does travel insurance typically cost.

Travel insurance rates through most providers fall between 4% and 8% of the total trip cost. Like the cost of flights, cruises, etc., rates may vary substantially based on the season, your original location, your destination, and other factors. This week, the average cost of a policy was close to $300.

How can I save money on travel insurance?

To save money on travel insurance, tailor your policy to your specific needs and avoid unnecessary extras. You should also shop around to compare quotes from multiple insurers. Opting for an annual plan if you're a frequent traveler, checking existing coverages from other insurance policies or credit card benefits, and choosing a policy with a higher deductible can significantly lower your premiums. Always read the fine print to understand your coverage fully, ensuring you don't pay for redundant or irrelevant features.

Where are the cheapest places to buy travel insurance?

To find affordable travel insurance, consider using online comparison websites like SquareMouth or InsureMyTrip to see rates from various providers. Other ways to save include purchasing directly from insurance companies, exploring package deals from travel agencies or airlines, utilizing included coverage from credit card benefits, and checking for discounts through membership organizations such as AAA or AARP.

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Travelex vs Travel Money Oz vs S Money

Travelex, Travel Money Oz and S Money all allow Australians to buy currency online. But which one is the cheapest?

While S Money has the best exchange rates, it does have a service fee. This means that to find the cheapest option, you need to look at the total cost of the currency including all the fees.

You can either go to each site and get a quote with each company or use an exchange rate comparison table that includes not just exchange rates, but any service fee too.

While price is important, it's not the only difference between these 3 currency exchange services. Here is a better look at each option:

S Money is an online only currency exchange, so they don’t have any bricks and mortar stores. If you order online, you can pick up your currency in the CBD or have it delivered within 20k’s of the city for $19. They are the only money exchange that offer the same exchange rate seen on Google or XE but they do charge a service fee.

How S Money stacks up

S Money doesn't have any retail stores like Travelex or Travel Money Oz. While this helps them offer a better rate, it also means that you can't sell them currency, you can only buy currency. It also means that you have to order and pay for your currency online and can't pick up from the Airport like Travelex.

Online, all 3 companies offer 'click and collect. S Money and Travelex offer delivery unlike Travel Money Oz but with Travelex, you can pick up from Australia Post stores or the airport.

If you are in a hurry, S Money is quicker than Travelex and Travel Money Ozwith most orders delivered or ready for pick up the next day.

Travelex and Travel Money Oz have a much bigger range of currencies so if you are looking for Argentine Peso or Vietnamese Dong, they are a better option.

Travelex is the biggest foreign exchange company in the Australia. They have the biggest range of currencies and collection locations but they aren't aways the cheapest.

Travelex have many locations across Australia. You can order online and collect your currency at a store, an Australia Post office or even the airport. They also offer delivery for online orders.

How Travelex stacks up

Much like Coles and Woolworths, Travelex and Travel Money Oz have a near duopoly in Australia when it comes to currency exchange. So their exchange rates, fees, services and overall offering are very similar.

Compared to S Money, their exchange rates aren't as good but they don't charge a service fee . They have a bigger range of currencies and collection locations including the airport.

Travel Money Oz has dozens of outlets throughout every state in Australia. They are owned by the Flight Centre and have good, personal in-store service.

How Travel Money Oz stacks up

Travel Money Oz is very similar to Travelex. It has a large network of stores. They both allow you to order a large range of currencies online to collect in-store and both are very large reputable companies. Even their exchange rates are very similar. Online, the experience is almost identical.

Compared to S Money, the big difference is their stores. Travel Money Oz has a huge network of bricks and mortar stores where as S Money is purely online. This also means that S Money has better exchange rates and charge a service fee. S Money also offers delivery for online orders which Travel Money Oz is yet to roll out.

Travelex and Travel Money are incredibly similar in most aspects like exchange rates fees and services.

S Money is difference from both companies because they offer the real online exchange rate and don't charge an exchange rate margin. They do charge a service fee though.

All offer online services but S Money has no stores.

You can buy or sell a big range of currencies at Travel Money Oz and Travelex but at S Money you can only buy the most popular currencies like US dollars, euros, pounds and yen.

ASIC regulated

Like all reputable money exchanges, we are registered with AUSTRAC and regulated by the Australian Securities and Investment Commission (ASIC).

S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.

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Travel insurance.

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Pet Insurance

Figo pet insurance review 2024

Mandy Sleight

Scott Nyerges

“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Heidi Gollub

Published 6:00 a.m. UTC May 6, 2024

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Maximum annual coverage

Average monthly cost for dogs, average monthly cost for cats, why it’s the best.

When you sign up for Figo pet insurance, you only have a one-day waiting period for accidents before coverage begins. The waiting period for illness is 14 days. Figo pet insurance plans offer up to 100% reimbursement.

Pet insurance plans

Accident and illness plan

• Deductible: $100, $250, $500, $750, $1,000 or $1,500.
• Annual coverage limit: $5,000, $10,000 or unlimited.
• Reimbursement percentage: 70%, 80%, 90% or 100%.

Wellness plan

Figo offers a wellness plan that reimburses you for vaccines and routine care.

Optional riders

• Veterinary exam fees: Provides coverage for exam fees related to the diagnosis and treatment of covered conditions.
• Wellness (basic/plus): Covers routine care including dental and can help pay for spay/neuter and vaccinations.
• 5% multi-pet discount.
• 5% military discount (not available in FL, NY, TN or WA).

Customer reviews

Figo has a score of 4 out of 5 (great) on Trustpilot based on more than 1,900 reviews. Many of the complaints focused on annual premium increases.

• Up to 100% reimbursement available, but only if you don’t choose unlimited coverage.
• No upper age limit for enrollment.
• Multiple deductible options, from $100 to $1,500.
• 6-month waiting period for orthopedic problems, but can be waived.
• Veterinary exams not covered without a rider.
• Treatment for behavioral problems not covered without a rider.

Our Partner

Paw protect.

Why trust our pet insurance experts

Our team of pet insurance experts evaluates hundreds of pet insurance products and analyzes thousands of data points to help you find the best product for your situation. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content. You can read more about our methodology below.

• 4,000+ pet insurance rates reviewed.
• 500+ coverage details evaluated.
• 5 levels of fact-checking.

About Figo pet insurance 

Figo was launched in 2015, offering accident and illness pet insurance for cats and dogs. Policyholders can also access Pet Cloud, which connects you with other pet owners wanting to meet up for activities and helps you find pet-friendly businesses in your area.

Figo pet insurance reviews are mostly positive, though some have frustrations with claims denials and the appeals process. While pet insurance policies are similar among insurers, there are exclusions you should pay attention to before purchasing a policy, so there aren’t any surprises on what’s covered and what’s not.

Figo pet insurance rates

Figo pet insurance rates depend on your ZIP code, coverage choices and your pet’s age and breed. The table below shows sample rates for dog breeds averaged across 25 ZIP codes.

Source: Petinsurer.com. Rates are based on the average monthly cost of pet insurance for dogs at ages 3 months and 3 years, with a $250 deductible and 80% reimbursement level.

What Figo pet insurance covers

Buying pet insurance from Figo gives you coverage for accidents and illnesses. This comprehensive pet insurance coverage will usually cover expenses for:

• Alternative and holistic treatments.
• Cancer treatments, like chemotherapy and radiation.
• Chronic conditions that aren’t pre-existing.
• Congenital and hereditary disorders.
• Dental injuries or illnesses.
• Emergency vet care.
• Veterinary specialist treatment.

Figo Powerups

Figo offers additional coverage options called Powerups that pet owners can add to their plan for an extra cost.

Veterinary exam fees for accidents and illnesses

This Powerup covers veterinary exam fees for your pet’s accident and illness visits, which otherwise would not be covered by your Figo pet insurance.

Wellness and preventative coverage

With this Powerup, Figo will cover preventative and wellness care for your pet. Figo offers two tiers, basic and plus, that have the fixed coverage amounts shown below.

Extra care pack

The Extra Care Pack Powerup provides several benefits that you may find valuable:

• Advertising and reward. Up to maximum annual policy benefit.
• Final respects benefit. Up to $250 for burial or cremation expenses.
• Vacation cancellation. Up to maximum annual policy benefit if your pet requires life-saving treatment and you need to cut your vacation short.
• Boarding fees at a licensed kennel if you’re hospitalized.
• Pet theft for loss or straying. Up to $150 if your pet isn’t found within 30 days.
• Third-party property damage liability. Up to $10,000 per policy period for property damage your pet causes and you’re held liable for.

What Figo pet insurance doesn’t cover

There are specific procedures and conditions that Figo pet insurance doesn’t cover, such as:

• Breeding, pregnancy and birthing.
• Cloned pets or cloning procedures.
• Cosmetic or elective surgery.
• Experimental procedures.
• Pre-existing conditions.

Curable pre-existing conditions, like diarrhea and ear infections, may be covered if your pet doesn’t show any signs or symptoms within a year of their last treatment.

Figo pet insurance discounts

There are two Figo pet insurance discounts you may be eligible for:

• Mutlipet. Pet owners who enroll two or more pets automatically receive a 5% discount. 
• Military. There is also a 5% military discount available in most states, except Florida, New York, Tennessee and Washington.

How Figo compares to other pet insurance companies

Via Petted’s website

Source: PetInsurer.com. Average monthly pet insurance cost assumes unlimited reimbursement (or the highest level offered by that company), a $250 deductible and a 80% reimbursement percentage for a dog insurance accident and illness plan. These top-rated pet insurance company rates are based on the average cost to insure dogs and cats of various ages, breeds and ZIP codes.

Methodology

To find the best pet insurance , we analyzed 15 pet insurance companies using data provided by PetInsurer.com.

Each pet insurance company was eligible for up to 100 points, based on its performance in the following key categories:

• Cost: 50 points. We calculated average rates for accident and illness pet insurance plans for dogs with the highest level of coverage available, a $500 deductible and a 90% reimbursement percentage.
• Annual coverage limits: 10 points. Pet insurance companies that offer an annual reimbursement level of $100,000, or unlimited annual coverage scored in this category.
• 24/7 vet line: 10 points. Insurance companies that offer access to a 24/7 vet line earned points. Being able to call for medical advice might save you money on vet visits.
• Routine wellness plan: 10 points. Pet insurance companies that offer an optional wellness plan add-on scored full points. Wellness plans can reimburse you for preventative care for your pet.
• Pays vet exam fees: 10 points. If a pet insurance plan includes pet exam fees, the insurer received 10 points. If this is offered as a coverage add on, the insurer received 5 points.
• Multipet discount: 5 points. Pet insurance companies that offer a discount for insuring more than one pet received full points.
• Euthanasia or end of life expenses included: 5 points. If euthanasia or other end of life expenses are covered in pet insurance plans, a pet insurance company scored in this category.

Figo pet insurance review FAQs

Yes, Figo has waiting periods before covering your pet’s eligible veterinary care: 

• There is a one-day waiting period for accidents and a 14-day waiting period for illnesses.
• For hip dysplasia and other orthopedic conditions, there is a six-month waiting period. 
• If your pet has a curable pre-existing condition, it will be eligible for coverage on those conditions if it goes 12 months without receiving treatment.

Figo pet insurance will cover dental injuries and illnesses under its comprehensive pet insurance plan. Dental cleanings are only covered if you purchase the extra wellness and preventative care coverage Powerup.

No, Figo pet insurance does not cover pre-existing conditions, which is any condition your pet was diagnosed or treated for in the 12 months before purchasing your Figo pet insurance policy. Figo does make an exception for curable pre-existing conditions, like bladder, ear, respiratory or urinary tract infections, diarrhea or vomiting.

No, Figo does not offer the option to pay your vet directly. Figo offers reimbursement by check or direct deposit. After completing the claim, a mailed check takes seven to ten business days to arrive, while direct deposit takes three to five business days.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Mandy is an insurance writer who has been creating online content since 2018. Before becoming a full-time freelance writer, Mandy spent 15 years working as an insurance agent. Her work has been published in Bankrate, MoneyGeek, The Insurance Bulletin, U.S. News and more.

Scott Nyerges is a veteran journalist with experience in insurance and consumer reviews. Before contributing to USA TODAY Blueprint, Scott was the senior insurance editor and content strategist for U.S. News and World Report. He's also written and edited for Consumer Reports, MSN, Cheapism and Consumer Search. He loves helping people make smart money decisions. Scott's expertise lies in car insurance, home insurance, life insurance, pet insurance and small business insurance. He has a bachelor's degree in journalism from The University of Missouri-Columbia.

Heidi Gollub is the USA TODAY Blueprint managing editor of insurance. She was previously lead editor of insurance at Forbes Advisor and led the insurance team at U.S. News & World Report as assistant managing editor of 360 Reviews. Heidi has an MBA from Emporia State University and is a licensed property and casualty insurance expert.

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