When's the Best Time to Buy Travel Insurance? | Allianz Global Assistance (2024)

You know when you’re booking a flight or a travel package and that little checkbox appears? Add flight insurance now, it might say, or Don’t forget about travel protection!

You freeze. Should you buy it right now? What happens if you wait? Will it be too late?

Relax. You don’t have to buy travel insurance in the middle of the booking process. You certainly can, if you just need to insure something simple, like a flight or a weekend getaway. But if you’re planning a big trip, it’s okay to wait until you’ve nailed down all the details. Here’s our advice for when to buy travel insurance for your next trip.

The best time to buy travel insurance is immediately after you’ve completed your travel arrangements.

Let’s say you’re planning a Rhine river cruise to see the famous Christmas markets of Germany and France. You’ll need to book the cruise itself, any excursions you plan to take, your airfare and your hotel for two extra days in Zurich, post-cruise. Once you’ve gotten all those arrangements nailed down, you’ll know your total pre-paid trip costs—and that’s the perfect time to purchase travel insurance.

Why? You need to know your total costs to get an accurate quote, if you’re purchasing travel insurance with trip cancellation/trip interruption benefits. That way, your entire travel investment can be protected.

It’s smart to buy travel insurance immediately after booking for two reasons. One: You won’t forget! Far too many travelers postpone buying travel insurance and then realize, too late, that they forgot to buy it at all.

And two: The earlier you buy insurance, the bigger your coverage window. Trip cancellation benefits begin on your plan’s effective date, as long as we receive your premium before you cancel your trip or make a claim. (If you buy travel insurance online, the effective date is the day after we receive your order.) The earlier you purchase insurance, the sooner you’ll be protected.

So if you’ve already made all your travel arrangements, don’t delay! Get a quote for travel insurance right now.

The second best time to buy travel insurance is within 14 days of making your first trip payment.

The 14-day mark is significant when you’re buying travel insurance, because it’s the cutoff point for the existing medical condition benefit. Many of our plans include this benefit, which means that you, a traveling companion or family member can have an existing medical condition and still be eligible for all applicable benefits and assistance services. You must, however, meet certain requirements:

  • You must purchase your plan within 14 days of making your first trip payment or first trip deposit.
  • You must purchase trip cancellation coverage that covers the full cost of all your non-refundable trip arrangements.
  • You must be a U.S. resident and medically able to travel on the day you purchase the plan.
  • The total cost of your trip must not exceed the maximum cost specified by your plan.
  • All other stated terms and conditions are met.

Wait—what if you haven’t figured out your entire trip cost within 14 days of making your first trip deposit? It’s okay! Just don’t delay. Go ahead and purchase travel insurance within that 14-day window, making sure you select a plan with the existing medical condition benefit. (Those plans are listed here.) As soon as your travel arrangements are finalized, you can update your plan with your final trip costs, either online (under Manage Your Policy) or by calling us.

The third best time to buy travel insurance is any time before you depart.

With all the stress and excitement of planning your trip, you completely forgot to insure it. Now it’s 10 p.m. the night before departure, and you’re wondering, “How late can I buy travel insurance? Is it even worth doing now?”

You know that old saying: “The best time to plant a tree was 20 years ago. The second best time is now.” It applies to travel insurance too. Even if you’re about to leave for your trip, it’s better to buy insurance late than not have it at all. Go ahead and get a quote to see your options for protecting your trip. While trip cancellation/interruption benefits may not be useful to you now, benefits such as baggage loss/damage, baggage delay, travel delay and emergency medical can give you crucial protection for your trip.

The worst time to buy travel insurance is after something bad has already happened.

You’re happily gallivanting around Portugal when you stumble in a vineyard and fracture your ankle. Uh-oh. If you’d purchased travel insurance with emergency medical benefits, you could have avoided paying the Portuguese hospital bills out of pocket. If you’d purchased travel insurance with trip interruption benefits, it could have reimbursed you for the unused portion of your trip, as well as for the cost of the plane ticket to return home early. But you didn’t. Is it too late to buy travel insurance now?

Unfortunately, it is. Travel insurance is designed to protect a traveler from certain unforeseeable events—not things that are easily foreseeable, or things that have already happened at the time you purchase your plan. That’s why it’s smart to buy insurance as early as possible in the booking process. If you’re taking more than one trip this year, you can make life easier by purchasing an AllTrips multi-trip plan. Find the best plan for your next trip!

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When's the Best Time to Buy Travel Insurance? | Allianz Global Assistance (2024)


When's the Best Time to Buy Travel Insurance? | Allianz Global Assistance? ›

Don't wait too long to buy travel insurance!

When should I buy travel insurance? ›

In general, you can buy coverage any time before the date of your trip. That said, it's always best to buy coverage as soon as you make your reservations. The sooner you buy travel insurance, the sooner you'll be protected and the more benefits you may be eligible to receive.

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 more expensive closer to the 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).

Is Allianz travel insurance the same as Allianz Global Assistance? ›

Allianz Global Assistance and Allianz Travel Insurance are marks of AGA Service Company dba Allianz Global Assistance or its affiliates. Allianz Travel Insurance products are distributed by Allianz Global Assistance, the licensed producer and administrator of these plans and an affiliate of Jefferson Insurance Company.

Is it better to buy travel insurance early or late? ›

It's smart to buy travel insurance immediately after booking for two reasons. One: You won't forget! Far too many travelers postpone buying travel insurance and then realize, too late, that they forgot to buy it at all. And two: The earlier you buy insurance, the bigger your coverage window.

What is the best travel insurance company? ›

The Best International Travel Insurance Providers in Detail
  • Faye. Our Top Pick. ...
  • Travelex. Our pick for families. ...
  • Nationwide Travel Insurance. Our pick for most coverage reimbursed. ...
  • Tin Leg. Our pick for customizable coverage. ...
  • Berkshire Hathaway Travel Protection. ...
  • Seven Corners Travel Insurance. ...
  • AIG Travel Guard.

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.

Does travel insurance cover flights already booked? ›

You absolutely can buy travel insurance after booking your trip. However, it's always best to purchase insurance as early in the process as possible. If you procrastinate, you may miss out on certain benefits.

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.

Is Allianz travel insurance good? ›

We at the MarketWatch Guides team awarded Allianz Travel Insurance 4.1 out of 5 stars based on our provider review methodology. Named our pick for concierge services, Allianz offers 24/7 travel assistance through a multilingual team, which can help policyholders with travel and coverage issues while abroad.

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.

What to look for in travel insurance? ›

What cover should travel insurance include?
  • medical expenses and cover for getting you home if you're injured or fall ill abroad.
  • personal injury and cover for accidents or damage caused by you.
  • cover for lost or damaged items.
  • cover for lost or delayed baggage.
  • cover for cancellation or missed departure.

What are the cons of Allianz travel insurance? ›

  • Allianz's top plan, the OneTrip Premier, offers $75,000 for travel medical expenses. Some top competitors provide $500,000.
  • Quotes for travel insurance with “cancel for any reason” coverage are not available online, you have to go through a travel agent.
Feb 1, 2024

Why is Allianz so cheap? ›

Allianz policies are often significantly less expensive than other policies for trips longer than 30 days, because they have a different pricing structure than most providers. Length of trip is one of the determining factors of a policy's premium. In most cases, the longer the trip, the more expensive the policy.

What is not covered by Allianz travel insurance? ›

Claims due to known, foreseeable, or expected events, epidemics, government prohibitions, warnings, or travel advisories or fear of travel are generally not covered (coverage can vary by state.)

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.

Does travel insurance cover cancelled flights? ›

Cancellation cover is a common inclusion with most standard travel insurance policies, but you can take it out separately if it doesn't offer enough cover. Alternatively, if you only want cancellation cover to protect you against cancelled flights rather than baggage protection, you can get it for that.

Can I buy travel health insurance after departure? ›

The short answer is: Yes you can. Many insurers provide policies that you can buy after you've left home for your trip. Just remember that travel health insurance that you buy after departure won't cover anything that happened before you bought the plan.

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