Travelex Travel Insurance Plans – Compare & Buy (2024)

FAQs

Is Travelex good for travel insurance? ›

Travelex earned 4.7 out of 5 stars when rated using our provider review methodology. Our research team named it our top pick for budget travelers thanks to its below-average travel insurance costs and flat-rate travel coverage for U.S. travel — starting from just $60.

Travelex Insurance Services plans are underwritten by Berkshire Hathaway Specialty Insurance Company. Travelex Insurance Services is a subsidiary of Cover-More Holdings USA, Inc. which is a wholly owned subsidiary of Zurich Insurance Group Limited (“ZIG”), headquartered in Zurich, Switzerland.

Formerly part of now-defunct Finablr, Travelex's fortunes quickly turned due to the coronavirus pandemic and a cyberattack that forced it to temporarily disable its systems. It then went through a pre-pack administration that led to more than 1,300 job losses and saw its creditors seize control.

Travelex has better online rates than your bank so you can lock in a good initial loading rate and save. Plus they don't charge you ATM fees while you're overseas. Unfortunately, all of these conveniences comes with a high price tag.

At Travelex, we offer you $0 commission and a competitive market exchange rate when you buy foreign currency from us online, whether in cash or our Travelex Money Card. These online rates are our exclusive online rate and are not available in-store.

The cancel for any reason upgrade is only available on Travelex's Travel Select plan. It lets you cancel for any reason – whatever it may be – up to 48 hours prior to your scheduled departure date.

Travelex International Limited is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough.

You can load multiple currencies onto your Travelex Money Card before you travel, and then use it in millions of ATMs worldwide to access your money quickly and safely. You can also pay for goods and services online and in stores worldwide.