If you’re looking for cheap travel insurance because after paying the cost of the trip you can’t afford to pay for something you don’t know if you’re going to need, you’re in the right place.
First of all I want to tell you that not because it is more expensive insurance will be better, so in this article I am going to talk about cheap travel insurance with which you can travel fully covered in case of suffering an unforeseen event.
Cheapest travel insurance of 2023
Of course, in this guide you will find cheap international travel insurance with only medical coverage, so if you want something more complete I suggest you take a look at our guide on the best travel insurance of 2023 (medical and travel coverage included).
I also have to say that depending on the type of traveler you are the cheapest travel insurance will be one or the other. For example, in my case it is the annual multi-trip insurance of Mondo, since for work I travel a lot in South America and with this insurance I save a lot. But if you are looking for insurance for a punctual trip, in this guide you will find:
- Minimum requirements that cheap travel insurance must cover
- Comparison of the cheapest travel insurance on the market
- Tricks to get cheap and good travel insurance
- My experience taking out cheap travel insurance
WHAT SHOULD CHEAP TRAVEL INSURANCE COVER?
Normally the cheap travel insurance offered by insurers has limited coverage. That is, they do not cover, for example, in case of theft or damage to luggage.
Cheap and good travel insurance must cover medical assistance, early repatriation or return in the event of an accident or death of the insured or a family member, the displacement and stay of a family member due to the income or death of the insured and must provide legal assistance, have coverage in civil liability and compensate the insured in case of death or disability due to accident during the trip.
What should cheap travel insurance cover?
This means that, for example, in case of loss, damage or theft of luggage the traveler will not be covered, nor will he be covered in case of cancellation or delay of the means of transport or any incident that affects the beginning of the trip or return.
DOES CHEAP TRAVEL INSURANCE COVER COVID-19?
The fact that it is cheap travel insurance does not mean that you have to exclude COVID-19. In fact, some cheap international travel insurance with good medical coverage includes testing and treatment in case of COVID-19 infection during the trip.
Here I leave you a comparison of the best travel insurance that covers COVID.
What no insurance will cover you will be the proof required by some countries open to tourism as an entry requirement. In case of needing the negative result of a PCR or antigen test to be able to travel, this will be borne by the traveler. However, with Mondo it is possible to enjoy a discount on this test when you take out your insurance with them.
COMPARISON OF THE BEST CHEAP TRAVEL INSURANCE
And here I leave you the comparison of the cheapest travel insurance so you can see what each company offers.
To make this comparison, and be totally impartial, in all insurers I have entered the same data: 30-year-old traveler travels from Spain to Indonesia for 20 days. Here are the results:
| MONDO ASSISTANCE ONLY | IATI BASIC | INTERMUNDIAL GO ASSISTANCE | MAPFRE SEGURBASIC TRAVEL | CHAPKA CAP TRIP BASIC | |
|---|---|---|---|---|---|
| Price | 47,81€ | 50,21€ | 54,44€ | 58,35€ | 62,30€ |
| Medical Expenses | 1.000.000€ | 50,000€ | 500,000€ | 25,000€ | 150,000€ |
| Repatriation | 100% | 100% | 100% | 100% | 100% |
| COVID-19 Coverage | Yes | Yes | Yes | Not specified | Yes |
| CHEAP TRAVEL INSURANCE COMPARATOR | |||||
Among the options offered by each company I have selected the cheapest travel insurance so that the comparison is as fair and impartial as possible. If you want other coverage, in addition to medical assistance, the price will go up.
WHAT IS THE BEST CHEAP TRAVEL INSURANCE?
If you have looked at the table you will have seen that the cheapest travel insurance is Mondo, which is also the travel insurance that offers the most coverage in medical assistance. It is undoubtedly one of the best options in relation price coverages. However, below I talk about each of the insurers so you can choose the one that best suits you.
1. MONDO, THE CHEAPEST TRAVEL INSURANCE
Mondo is the insurer that offers the best low cost travel insurance, since its Assistance Only insurance, in addition to being the cheapest, covers up to € 1,000,000 in medical assistance. It also covers repatriation or early return and in case of contagion by COVID-19. In fact, Mondo was one of the first insurers to include COVID-19 coverage within its policies.
One of the main advantages of Mondo is that it has a free telephone available 24 hours a day, 7 days a week, including holidays, where if you need medical assistance they inform you about which hospital or medical center to go to. From that moment, the insurer manages absolutely everything, including payments, so you do not have to worry about anything.
For questions in which it is not necessary to go to a medical center, Mondo has a medical chat, also available 24 hours a day, 7 days a week. This certainly makes it one of the best options among cheap travel insurance.
However, you can consult our guide on Mondo travel insurance if you want more information about their most complete insurances.
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We have been using MONDO for years for our trips and we have had to use the insurance on several occasions for medical reasons and once due to a cancellation and it has always been very easy to deal with them. So if you are looking for cheap travel insurance, with good coverage and good assistance, it is undoubtedly the best option. In addition, for being a reader of Capture the Atlas you can take out the insurance with a 5% discount.
2. IATI BASIC, A GOOD BUDGET TRAVEL INSURANCE
IATI Basic is another of the well-known cheap travel insurances. We used IATI for a few years, but switched to Mondo when we saw that their coverages were better and there was practically no price difference.
Looking at IATI’s cheapest travel insurance, the medical coverage it offers is much lower than that offered by Mondo or other insurers. In addition, it is 2,4 € more expensive than Mondo for the 20 days comparison we have made.
Of course, like Mondo, IATI pays the expenses in advance and covers tests and treatment in case of COVID-19 infection abroad. In addition, their attendance is entirely in Spanish.
Another advantage of this insurer is that it has many types of insurance, so it is easy to find one that suits each type of traveler. However, and taking into account the price and coverage of Mondo, if you are looking for cheap travel insurance it is not the best option.