If you are a Budget traveler like us paying money on a travel insurance can be kind of a big deal. It’s obvious that you keep thinking – Do I really need travel insurance? Maybe Hopefully, you won’t even use it. But then why is it important to have travel insurance while traveling?
In the following, we try to answer the most common questions about travel insurance and check the two most popular options on the International and US-market at the moment in more detail.
Travel Insurance yes or no?
Yes, yes, always yes!
Why is it important to have travel insurance while traveling?
When seeing the prices of travel insurances it often makes travelers wonder – Is a travel insurance even worth it? Why would I get a travel insurance if I might not even use it?
Yes, it’s true, you might not use your travel insurance. And isn’t that what we are actually hoping for? But in many cases, you actually will need to use it. During our 7 months Asia trip, we actually had to use our travel insurance 3 times. (You can read about our Myanmar Hospital Horror Story here and about our Cambodia Hospital experiences in Sihanoukville here) And we couldn’t be happier about purchasing one before our trip.
Another thing that you should consider is that traveling carefree can already be worth the money you spend on an insurance. Isn’t it better that when you feel bad in any way, you can just get medical consultation wherever you are without having to worry about spending or even wasting money? Even if it’s just a little thing, especially when you are far away from home it’s always better to be safe than sorry.
Isn’t it cheaper to pay for the medical services I need out of my own pocket during the trip?
That’s a common question many travelers have. Especially, when they are traveling to affordable countries such as Southeast Asia.
Sure, if you have a simple cold and just need some medicine, it might be cheaper to pay for it yourself. But how can you know beforehand what’s going to happen?
Even in cheaper countries, foreigners often get overcharged a lot when purchasing medicine or using medical services. When I got tonsillitis in Myanmar, I paid more for the medicine that I would have in my country Germany (around $50).
If you already pay that much for such a little thing, just imagine how much you would have to pay for a broken leg or hospital stay?
Imagine you get really sick and just want to go home or even need a surgery? Such a spontaneous need can be extremely costly and in any case more expensive than your travel insurance would have cost.
What does a travel insurance cost?
The price of your travel insurance depends on different factors. That’s why every kind of travel insurance has different prices.
What does the price of my travel insurance depend on?
There are many different factors that influence the price of your travel insurance. Those are the most common ones.
- Time spent abroad
- Country/ies you travel to
- Your Age
- Medical conditions
- Insurance Package – What is included in your insurance
What kind of Insurances can I choose from?
The two insurance companies that we will introduce you to in the following are able to create your insurance depending on your needs and wishes.
The most important factors you can choose from are
- Single-Trip or Multi-Trip
- Single, Couple or Family Insurance
- Business or Leisure Trip
- Winter or extreme sports planned (e.g. Ski-Trip)
Which are the most popular Travel Insurances?
| Travel Insurance | World Nomads | AXA Travel Insurance |
|---|---|---|
| Main Target Group | Backpackers & Adventure Traveler | No Main Target Group |
| Unique Selling Proposition | Many kind of Sports and Car rental covered | Many Extra Features such as ID Theft resolution |
| Missed Connection Flight Covered | No | No |
| File Claims through Website | Yes | No |
| Cancel for any Reason | Not Included | Available |
| Price | $ Check your quote here | $$ Check your quote here |
| Nationality | Insurances for almost all Nationalities | Insurance for US-Citizens |
World Nomads Travel Insurance
The World Nomads Insurance is one of the most popular worldwide, especially for backpackers and Adventure Travelers. But also for every other kind of traveler, it offers many benefits.
Benefits of World Nomads Travel Insurance
- Backed by specialist insurers and global assistance partners
- Buy Online, even if you’ve already left home
- Buy more cover and claim online while traveling
- Covers a range of adventure sports and activities
- Give a little back and support a community development project
AXA Travel Insurance
- Employees in more 34 countries and doing in business in more than 200 countries and territories.
- You can choose between
3 different Insurance plans - Many features such as Pre-trip advice and translation services.
- 24/7 Medical and Emergency Service
In General
In the end, there are many options for both travel insurances to make the insurance fit best for your needs.
What is most important is that you don’t travel without insurance.
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