When Is The Best Time To Buy Travel Insurance? (2024)

Breakout Box - What If You Forget To Buy Within The 15-Day Window?

Unlike other aspects of your travel experience like airfares or hotel-room rates, the price of travel insurance doesn’t increase the closer you get to your travel date.

There’s no financial penalty if you wait to buy travel insurance (except for those bonus coverages, of course).

So what are good times to buy travel insurance other than in the15 days after making your initial trip deposit?

When Is The Best Time To Buy Travel Insurance? (1)

Buying 50 Days Before Departure

Fifty days out? That seems like an odd time to buy travel insurance. Here’s why it makes sense:

  • Studies have shown 50 days before departure is when you start actively thinking about your travel.You startmaking lists, double-checking arrangements, and ensuring everything’s in order … and that means travel insurance.
  • Buying travel insurance at this time also takes the “panic” factor out of your purchase.There’ll be lots to think about the last week or two before you leave. Buying 50 days out lets you check off one more big thing, and might even encourage you to check off a few more things.
When Is The Best Time To Buy Travel Insurance? (2024)


When Is The Best Time To Buy Travel Insurance? ›

Travel insurance covers many events that happen during your trip, but it can also offer protection for unexpected events before you leave, sometimes days, weeks, even months prior to departure. That's why we say it's best to purchase protection as soon as possible after your initial trip payment is received.

How far in advance should travel insurance be purchased? ›

If you're wondering when you should buy travel insurance, the simple answer is as soon as possible. Ideally, you'll buy coverage no later than 15 days prior to your trip.

How much in advance should I get travel insurance? ›

The golden rule is to buy your insurance as soon as you book your trip. This move will make you a savvy traveller because it means you're immediately protected against any pre-departure mishaps, like cancellations or health issues that prevent you from travelling.

Does travel insurance get cheaper closer to a trip? ›

Unlike other aspects of your travel experience like airfares or hotel-room rates, the price of travel insurance doesn't increase the closer you get to your travel date. There's no financial penalty if you wait to buy travel insurance (except for those bonus coverages, of course).

Does travel insurance get more expensive the longer you wait? ›

The good news is that you can buy travel insurance at any point–even if you already started your trip. However, you might not get all the coverage you were hoping for. Your coverage options become more and more limited the longer you wait. The price typically stays the same no matter when you buy travel protection.

What date should you put on travel insurance? ›

That's why it's best to buy travel cover on the day you book your holiday. When planning a holiday, one of the key considerations should be how to protect your trip from unforeseen events. Travel insurance covers you against any costs or losses involved when things go wrong while you're on holiday.

Does AARP offer international travel insurance? ›

While there are no AARP travel insurance products or discounts available for seniors, members can use the AARP website for trips and tricks on how to plan for international travel and information regarding how to choose the right insurance plan for older travelers.

Can I buy travel insurance at any time? ›

You can purchase travel insurance any time before the date of your departure. However, your plan choice may be limited if you wait until the last minute.

What does travel insurance not cover? ›

Most travel insurance policies won't pay out if you're negligent while under the influence of alcohol or drugs, and have an accident or have property stolen.

Is 50000 enough for travel insurance? ›

Every plan is different, but the coverage amounts and benefits may vary. Determine how much you really need. For example, SquareMouth recommends international travelers get around $50,000 in Emergency Medical coverage and $100,000 for cruises or travel to remote areas.

Who is the best and cheapest travel insurance? ›

The 7 Best Cheap Travel Insurance Companies Worth The Cost
CompanyBBB RatingCheapest Plan
Travelex Compare PlansA+Travel basic
Seven Corners Travel Insurance Compare PlansA+Trip Protection Basic
Generali Global Assistance Compare PlansA+Standard Plan
AIG Travel Guard Compare PlansA+Essential
3 more rows
6 days ago

Is Allianz good travel insurance? ›

Allianz is a popular choice among business travelers due to its AllTrips Executive travel insurance policy with coverage for lost, stolen or damaged business equipment and rental car insurance. Earning 4.1 out of 5 stars, our expert reviewers think Allianz is a great choice for international travel insurance.

How to get the most out of travel insurance? ›

Watch for exclusions

All policies should include a list of sports and activities that you will automatically be covered for and those you will have to pay more for if you want them to be included. Be sure to check through these carefully as sometimes surprisingly ordinary activities such as 'trekking' may be excluded.

How much travel insurance do I need for Europe? ›

Without this coverage, you are responsible for any medical expenses. The average cost of travel insurance is between 5% and 10% of the total price of your trip. This can be worth it for the medical benefits alone when traveling in Europe.

How long does it take to do a travel insurance? ›

Your cover usually starts the day you buy your policy or leave for your trip. This might be the same day. With same-day travel insurance, there could be a delay of 24 hours before your policy begins, and you'd be able to claim if you needed to.

What is the most expensive travel insurance claim? ›

Most expensive claims
  • Hot tub fall - $187,604. ...
  • Complications in Germany - $155,000. ...
  • Fiji fracture - $147,148. ...
  • Cancer complications - $140,148. ...
  • Pneumonia issues - $102,060. ...
  • Wrist fracture - $87,000. ...
  • Emergency treatment in Vietnam - $86,500. ...
  • Bile duct problem in Greece - $84,000.
Dec 19, 2023

Can you buy travel insurance once trip has started? ›

With all the excitement of packing your bags, jumping on a plane, and jetting off to a faraway destination, travel insurance may be the last thing on your mind. You may be asking yourself “Can I buy travel insurance after departure?” The answer is yes!

When should I buy travel insurance for a cruise? ›

It's the best time to buy cruise insurance – as soon as you make your initial trip deposit, while it's still fresh in your mind.

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