Travel Insurance

Cheapest Travel Insurance Providers Recommended by Experts

Cheapest Travel Insurance in 2024: Recommended by Experts

Why Trust Us?

Looking for cheap travel insurance? Insubuy is a full-service travel insurance marketplace and independent insurance broker. We’ve been insuring travelers for nearly 25 years, proudly offering the best travel insurance options from the most trusted providers in the world. As an independent broker, we only serve you, the customer. 

While there are many factors that affect the best travel insurance for your needs, price is certainly a consideration. Based upon tens of thousands of transactions over more than two decades, we can recommend the following travel insurance plans for travelers on a budget. 

Cheapest Travel Insurance Plans

Safe Travels Explorer

  • A+ “Superior” AM Best rating
  • Trip cancellation coverage up to $30,000
  • Medical coverage up to $50,000
  • Medical evacuation coverage up to $200,000

Safe Travels Explorer

Underwriter: Nationwide Mutual Insurance Company


Safe Travels Explorer provides basic travel insurance for U.S. residents traveling inside or outside the U.S. Coverages include trip cancellation, trip interruption, travel delay, and more.
Rental Car Damage is available as an optional coverage.
  • $200,000
  • $200,000
  • Included

Travel Lite

  • A “Excellent” AM Best rating
  • Trip cancellation coverage up to $25,000
  • Medical coverage up to $100,000
  • Medical evacuation coverage up to $500,000

Travel Basic

  • A++ “Superior” AM Best rating
  • Trip cancellation coverage up to $10,000
  • Medical coverage up to $15,000
  • Medical evacuation coverage up to $100,000

Travel Basic

Underwriter: Berkshire Hathaway Specialty Insurance Company


Travel Basic insurance provides essential trip protection for trip cancellation, trip interruption, travel delay and more.
Optional Coverages are available for Flight Accidental Death & Dismemberment and Car Rental Collision Protection.
  • $100,000
  • Included in Emergency Medical Evacuation
  • Included

Plan Details

What Does Travel Insurance Cover?

It doesn’t matter whether it’s high-end travel insurance or the cheapest insurance for travel, most plans will offer the same basic coverages, just in varying amounts that differ by policy. These typically include:

  • Trip cancellation coverage – If you have to cancel your trip for a covered reason, the plan can reimburse you for eligible prepaid, nonrefundable expenses.
  • Emergency medical coverage – If you get sick or hurt and require medical treatment, the plan can help cover medical costs to the stated policy maximum.
  • Travel delay coverage – If your trip is delayed for a covered reason, the plan can reimburse you for certain additional expenses you may incur, such as additional hotel nights.
  • Trip interruption coverage – If you must interrupt your trip to return home, the plan can pay for early return travel arrangements.
  • Emergency medical evacuation – Can cover the cost of medically necessary emergency transport up to the stated policy maximum.
  • Lost/delayed baggage coverage – Can reimburse you for eligible expenses in the event that your checked bag is lost or delayed by the carrier.

The exact coverages and coverage amounts will vary by policy, so be sure to compare multiple plans. Use the travel insurance quote form to get started.

How Much Does Travel Insurance Cost?

The cost of travel insurance coverage will depend on the plan you choose, the length of your trip, and the number of travelers insured on the policy. So, if you’re looking for cheap domestic travel insurance or the cheapest family travel insurance, you’ll want to take some time to compare different options based on your trip details. Visit the quote form to get started!

How We Chose the Cheapest Travel Insurance

Our recommendations for the cheapest travel insurance are based upon decades of experience and tens of thousands of transactions and satisfied customers. As an independent travel insurance broker, our only interest is suggesting the best travel insurance coverage for your needs, regardless of the company that administers it. We can confidently recommend these travel insurance plans as they meet every standard we require to be included in our curated travel insurance marketplace.

How to Get Cheap Travel Insurance with Insubuy

Looking for the best cheap travel insurance USA travelers need? Are you after the cheapest travel insurance for over 80s? Our travel insurance marketplace is the ideal place to start. Just enter your information in the quote form to view current prices and benefits for each plan. 

Frequently Asked Questions About Travel Insurance

What is the average cost of travel?

As of 2024, the average cost of travel is a little over $1,000 per week, per person. You can expect to spend around $6,000 or more for a family of four taking an international trip for 10 days. Of course, these numbers can vary greatly depending on your trip details. Due to the financial risk of a canceled trip or medical issues, it’s very important to insure these costs with proper travel insurance.

What is the best cheap travel insurance?

Please view the plans above for some of the cheapest travel insurance options. For a curated list of travel insurance premiums for your specific trip, visit the quote form and enter your information.

Where can I get cheap travel insurance?

Insubuy’s online travel insurance marketplace is the best place to get cheap travel insurance. Upon filling out the quote form you can compare every aspect of different travel insurance plans with up-to-date pricing specifically for your trip. You can then purchase online instantly. 

What is the cheapest travel insurance for people over 80?

The cheapest travel insurance choices for people over 80 are Safe Travels Explorer, Travel Lite, and Travel Basic. Both Safe Travels Explorer and Travel Lite can provide full medical benefits for travelers up to age 99 and Travel Basic offers full medical benefits up to age 115. 

What is the cheapest family travel insurance company?

The cheapest family travel insurance will depend on the number of family members you’re insuring, your trip length, and the destination. Enter your information into the quote form to find the cheapest family travel insurance for your trip.

Did you know?

Prices are regulated by law.

You cannot find a lower price anywhere for the same product.

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Why buy insurance from Insubuy?

Same Price. Better Service.®

There are many advantages in purchasing from Insubuy and no disadvantages.

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Visiting USA?

Healthcare costs are very high in the U.S.

Buy U.S. based visitors insurance and enjoy your trip.

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Traveling abroad?

Did you know that your insurance may not cover you abroad or that it may only provide limited coverage?

Purchase travel medical insurance that includes emergency medical evacuation.

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New immigrant to USA?

You are not eligible to enroll in Medicare for the first 5 years.

Purchase new immigrant medical insurance to bridge the gap.

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Going on a vacation?

You could lose your non-refundable trip costs if you had to cancel your trip.

Buy a trip cancellation insurance package plan and be worry-free.

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Are you an exchange visitor to USA?

The U.S. Department of State requires all J visa holders to purchase compliant insurance.

Buy J visa medical insurance to meet your requirements.

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Traveling to Europe?

Schengen countries require most non-US citizens to purchase Schengen visa insurance.

Make an instant purchase online and get instant visa letter.

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Traveling frequently throughout the year?

You don't need to purchase travel insurance for every trip.

Purchase annual multi trip travel insurance for your travels.

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International student in the U.S.?

Most schools require international students to purchase health insurance.

Purchase international student health insurance that meets most school requirements.

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