Cheapest round the world travel insurance
Our first report on the cheapest travel insurance options for Australians looks at a 3 month around the world trip visiting the USA, Canada, Japan and some Asian and European Countries. This is looking purely at the price and there are other factors which should be taken into account when choosing your travel insurance policies which we will discuss later.
| Provider | Cost |
Medical Exp. | Personal Liab. | Luggage | |||
| 1. | Travel Insurance Center | $209 | US$100K | 0 | 0 | ||
| 2. | World Nomads | $243 | $5mil | $2.5 mil | $2,500 | ||
| 3. | Columbus Direct | $265 | $12.5mil | $5 mil | $6,250 | ||
| 4. | Travel Insurance Direct | $329 | unlimited | $2.5 mil | $12,500 |
As you can see the Travel Insurance Center is quite clearly the cheapest. However it is also low on Medical Benefits and missing any other items such as luggage etc. World Nomads I think is the best value if you are on a budget coming in at just $243 for a 3 month policy. Undoubtably Travel Insurance Direct is the best policy if you’re not concerned about the cost.
Remember you must read the full policy document to ensure areas you are traveling to are covered and the items you want covered are covered.
These quotes are accurate at the time of writing on the 20th December 2006.
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