Cheap travel insurance

Cheap travel insurance starts from $5 a day. We've analysed 50 popular travel insurance policies to help you find cover.

Cheap basic travel insurance
Bonus
  • Policies from $5/day
  • Unlimited medical expenses
  • Lost or stolen luggage
Cheap comprehensive insurance
Finder AwardBonus
  • Policies from $11/day
  • Unlimited medical & COVID cover
  • Cancellation cover & more
Cheap domestic travel insurance
Finder AwardBonus
  • Policies from $9/day
  • $5,000 for COVID cancellation
  • $7,500 rental car excess cover

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Finding the cheapest travel insurance

Our insurance team have gathered 300+ quotes from over 50 popular travel insurance policies. We've selected some cheap policies based on 2023 Finder Awards research and our travel insurance quote engine. Keep in mind, prices will differ depending on where you travel, your age and pre-existing conditions.

Why you can trust our research

50+

policies analysed

300+

quotes gathered

100+

hours of research

Get cheap travel insurance in 10 seconds

Use our engine to get multiple travel insurance quotes or check out our expert picks below.

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Cheap basic travel insurance: Tick Travel Insurance (International)

Tick travel insurance

Why we chose Tick Basic Single Trip

Tick's Basic Single Trip policy is typically the cheapest travel insurance policy on Finder. It's good if you're after cheap cover for the basics such as medical cover, but look elsewhere if you want more.

  • It offered the cheapest travel insurance cover for 7 out of the 8 destinations we got quotes for. We looked at a minimum of 30 policies for every destination. You also get 10% off when you use the code Finder.
  • For a 1-week holiday to destinations including Bali, Japan and the UK, a basic policy isn't likely to cost you more than $40. That's just over $5.50 a day.
    • It covers the very basics and no more. This includes unlimited medical expenses, up to $2,000 for lost or stolen luggage and personal belongings and personal liability cover.
    • Tick's budget policy does not cover COVID-related expenses but others, including Fast Cover do.
    • Get a quote

Cheap comprehensive travel insurance: Fast Cover (International)

Fast cover

Finder awards winner - Value

Why we chose Fast Cover Comprehensive

Fast Cover was the cheapest comprehensive travel insurance policy in our 2023 Finder Awards. Starting from around $11 per day, it's good if you want an affordable policy that covers medical expenses, some cancellations, delayed luggage and rearrangement costs due to COVID.

  • It won Finder's Best Value travel insurance award. Out of 28 comprehensive international policies, it was the cheapest.
  • It can cover cancellations, medical expenses and pay you up to $5,000 for COVID-related medical expenses and rearrangement costs.
  • Like lots of other insurers, its product disclosure statement can be quite confusing.
  • If you want a more comprehensive policy (that also has a much easier to understand PDS) consider Southern Cross Travel Insurance. It won the best comprehensive Finder Award and is on average only around $30 more expensive.
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Cheap domestic travel insurance: InsureandGo

Insureandgo logo

Best Travel Insurance - Domestic

Why we chose InsureandGo

If you're planning a trip within Australia, InsureandGo's Domestic Gold policy could be ideal, especially if you're renting a car or are worried about having to rearrange or cancel your trip because of COVID.

  • It's one of the cheapest insurers for domestic policies. Its Domestic Gold policy cost $173 on average for a 2-week trip, according to our awards research. The average is $357. You can also currently get 10% off your travel insurance policy when you use the code Finder10.
  • It's Finder's best domestic travel insurance policy winner. InsureandGo's Gold policy will pay your rental car excess up to $7,500 if your car is damaged, stolen or involved in an accident. Most domestic policies pay $5,000 maximum.
  • The Domestic Gold policy covers up to $5,000 for COVID cancellation and rearrangement costs.
  • Insureandgo Domestic Bare Essentials is even cheaper. A one-week trip costs around $33. It covers up to $2,000 for cancellation and amendment fees, luggage and personal belongings, and personal liability.
  • There may be cheaper options depending on what you're looking for.
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Gary Hunter
All of the top picks above were carefully researched and chosen by our senior writer for insurance . Gary is the insurance expert at Finder, holds a Tier 1 General Insurance (General Advice) certification and has been helping Australians find good value cover for over 5 years.

What does a budget travel insurance policy cover?

Here's an overview of a basic and a comprehensive policy so you see the differences in price and inclusions.

Fast Cover BasicFast Cover Comprehensive
Price

$44.59

$87.99

Overseas emergency medical & hospital expenses

Unlimited

Unlimited

Trip cancellation expenses

Unlimited

Trip delay expenses

$50,000

Overseas hospital cash allowance

$5,000

Accidental death

$25,000

Permanent disability

$50,000

Passports, credit cards & credit card fraud

$5,000

Theft of cash

$250

COVID-19 medical expenses
Rearrangement costs if you get COVID-19
Compulsory quarantine costs

*This table was created on 16 January 2023 for a 30-year-old travelling to Bali for 7 days.

Tips to find cheap travel insurance

If you're finding it tricky to get a cheap policy, these 3 tips could help you lower costs:

Number 1

Take advantage of deals

Insurers often have coupon codes and deals offering you between 5% and 15% off. We've listed some below.

Number 2

Take out a tailored policy

Insurers such as Freely let you tailor your policy to suit your needs. So rather than pay for a standard policy that typically covers you for a bunch of expenses, you could get a policy that covers you for medical care and cancellation costs

Number 2

Increase your excess

This is the amount you need to pay when you make a claim. Choosing a higher excess means that it probably won't be worth making a claim for smaller expenses, but it ensures you're still covered if something more serious and expensive happens.

Save more with these travel insurance deals

Store Discount

Get 17% off Kogan travel insurance policies

Use this promo code to get a 17% discount. T&Cs apply.

Last verified

Coupon code ends

Get 15% off Freely travel insurance policies

Use this promo code to get a 15% discount. T&Cs apply.

Last verified

Save 10% on InsureandGo policies with Finder

Use this coupon code to save 10%. Ts&Cs apply.

Last verified

ahm and Medibank members get 10% off travel insurance

Get this discount if you're an ahm or Medibank Private member and save.

Last verified

Protect your next trip with Qantas Travel Insurance

Plus, earn up to 3,000 Qantas Points. T&Cs Apply. Consider PDS & TMD. Max 45 days per trip. Issuer: Pacific International Insurance.

Last verified

Deal ends

Get 10% off on Tick travel insurance policies

Use this code to get a 10% discount. T&Cs apply.

Last verified

Get 5% off on all travel insurance policies with Fast Cover

Get 5% off all standard travel insurance policies. T&Cs apply.

Last verified

15% off travel insurance for Medibank Private members

Get this discount if you're a Medibank Private member and save.

Last verified

Earn Velocity Points with Cover-More

Get 3 Virgin Velocity Points for every $1 spent on travel insurance with Cover-More.

Last verified

Why you can trust Finder's travel insurance experts

free

We're free

Our travel insurance engine is completely free to use. You pay the same as buying directly from the insurer. Better still, we regularly run exclusive deals that you won't find on any other site.
expert advice

We're experts

We've researched and reviewed almost every travel insurer on the market as part of our Finder Awards and our in-house experts regularly appear on Sunrise, 7News and various news publications.
independent

We're independent

Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of travel insurance brands, making it easier for you to find a good deal.
help

We're here to help

Since 2014, we've helped over one million people find travel insurance by explaining your options simply. We'll never ask for your number or email to see prices. We're here to help you make a decision.

Frequently asked questions

  1. Travel insurance methodology
  2. Travel insurance 2023 Finder Awards
  3. Fast Cover Travel Insurance PDS (accessed May 2023)
  4. InsureandGo Travel Insurance PDS (accessed May 2023)
  5. Smartraveller: The Basics
  6. Tick travel insurance PDS (accessed May 2023)

More guides on Finder

  • Flight insurance

    Guide to travel insurance, cancellation and airline tickets.

  • Travel insurance without medical cover

    This guide looks at the types of stand-alone policies offered by insurers and asks whether we can really afford to be without medical cover when travelling overseas.  

  • Luggage Insurance

    Travel insurance for luggage offers cover against the cost of repair or replacement when your luggage and personal belongings are lost, stolen or damaged.

  • Excess reduction and no excess travel insurance

    Excess reduction and no excess travel insurance is a great optional extra for those heading overseas who want to own their risk. Compare the various excesses available from the providers in the finder.com.au panel.

  • Basic travel insurance

    Not sure if basic travel cover is worth it? Find out why covering the essentials is a smart move.

  • 10 hot tips to save on travel insurance

    Check out these ten simple things you can do to reduce your travel insurance premium.

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