If you’re thinking of packing your bags and setting off to explore new countries and cultures, I’m sure you’re interested in knowing about the cheapest travel insurance options currently available.
However, aside from getting low-cost travel insurance, it’s also vital to get broad coverage, so you can travel safely, and with peace of mind wherever you are going. Luckily, we’re here to help!
To save you some time, today we’re going to cover the most affordable travel insurance options with the highest levels of coverage in May 2026.
The cheapest travel insurance for long-term trips
One of the main objectives that all travellers have, especially those who tend to plan long trips, is to organise and plan their budgets so that they can enjoy the longest and most complete trip possible.
If you’re looking for comprehensive, but cheap insurance for your next long-term trip, you’ve come to the right place!
You have until the 08/05/2026 to get a 5% discount on Heymondo Insurance!
Click here: Activate Discount
- Fill in your info
- Click on “Calculate Price”
- You’re ready to go! Your discount will be applied automatically.
Remember, the longer the trip, the higher the chance that something will go wrong at some point.
I’ve created a comparative table for the best low-cost travel insurance policies for trips of 3 months or more, so you can compare and contrast the best alternatives on the market.
The cheapest travel insurance for short-term trips
In the following section, we’re looking at the best travel insurance options for trips under 3 months. We’ll cover policies designed for families, solo travellers, and adventurers, so stay tuned!
This 5% discount from Chapka is valid until 08/05/2026.
Click here: Activate Discount
- Fill in your info: country, coverage regions, and dates.
- Click on “Calculate Price”.
- Done! Your discount will be applied automatically.
Chapka’s most useful benefits for short holidays include:
- Extensive medical assistance at the destination
- Repatriation and early return
- Cover for loss or damage to baggage
To give you an overview of the best benefits and prices currently being offered, I’ve created this comparative table:
The cheapest travel insurance for families (under 3 months)
We all know that family trips can end up being quite pricey, as with any group travel.
However, short family holidays don’t need to be an expensive endeavour, and there are lots of cheap options tailored to families that can ensure a low-cost trip.
The following policy is just that, and is even being offered at a discounted price for a limited time only.
Until 08/05/2026, get 5% off Heymondo Insurance when you travel as a family.
If you’re seeking coverage for an adventure with the whole family, this is a great option. It offers medical assistance abroad, pharmaceutical expenses, repatriation of minors, and children’s liability.
The best cheap travel insurance for solo travellers and couples (under 3 months)
Solo travel is one of the most enriching and rewarding things one can do in life, but it also brings with it a whole new range of risks and concerns.
However, you should certainly not let this deter you! There are comprehensive (and cheap) options for solo travellers that will allow you to tackle your next adventure without fear.
Get a 5% discount on Heymondo travel insurance valid until 08/05/2026!
This is the ideal option for travellers exploring the world on their own or as a couple. This policy offers good value for money, has broad equipment and medical coverage, insures you during sporting activities, and even covers pre-existing conditions.
The best cheap travel insurance for adventurers (under 3 months)
If you’re more of an intrepid traveller who’s interested in trying adventure sports or other risky activities while abroad, you need coverage that reflects this.
This is absolutely essential, as a nasty accident could end up costing you thousands in medical bills.
Here’s another policy currently being offered at a discounted price for a limited time only. Get in quick!
Heymondo is the perfect insurer for adventurous travellers, and for travel to countries with high medical expenses. Its comprehensive coverage includes motor vehicle accidents and adventure sports.
Activate your coupon for a 5% discount on Heymondo, available now until 08/05/2026.
The cheapest travel insurance for families (over 3 months)
When it comes to long-term travel, it’s extra important that your coverage is designed not only to meet the needs of the adults, but the little ones too, for the entire duration of the trip.
The following policy has high medical coverage, and a range of other useful benefits for family trips. Not only that, but it is currently being offered at an unmissable discount!
Get a 15% Discount on Chapka Adventure for a family of 3 persons or more (valid until 08/05/2026).
This is a great option for long-term family trips. It includes a 24-hour medical chat, repatriation and early return, and pharmaceutical expenses because access to prescription drugs is crucial when travelling with the little ones.
The best cheap travel insurance for solo travellers and couples (over 3 months)
Good travel insurance is fundamental for any long-term trip. To get the right policy, it’s important to consider the characteristics of your trip.
On the one hand, you want to get the best price possible on your insurance, but you also don’t want to get into trouble abroad just to find that your policy doesn’t cover the incident!
If you’re travelling for over 3 months solo, this next policy is guaranteed to give you the perfect amount of coverage for a solo trip, all at a discounted price.
Activate 5% Discount at Heymondo Insurance (valid until 08/05/2026).
If you’re ready to dive straight into your next big adventure, either solo, or with a partner, you want peace of mind.
This insurance policy is ideal for long-term trips (from 1 to 12 months), as it includes a high level of medical costs, repatriation, and it allows for renewal whilst on the road.
The best cheap travel insurance for adventurers (over 3 months)
If you’ve been dreaming of heading off on an exciting trip filled with adventure sports and activities, taking out an insurance policy with broad coverage is paramount.
Luckily, our team at Planet Nomad has picked out the best, and cheapest option on the market for you!
If you’re an intrepid traveller who’s ready to leap into the unknown and experience the adrenalin and adventure of your next trip, this next long-term travel insurance is for you.
Until 08/05/2026, get a 5% discount on Heymondo Travel Insurance.
Perfect for backpackers, this policy includes a wide variety of high-risk activities, such as activities with undomesticated animals, jet skiing, and off-roading!
The cheapest travel insurance for digital nomads and businesses
As any digital nomad will tell you, having insurance with broad medical coverage, electronic equipment coverage, and repatriation is important.
Luckily, you don’t have to break the bank to get these benefits!
Get a 5% discount on Heymondo until 08/05/2026. Get in quick!
Activate Discount Here
- Fill in your trip info
- Click on “Calculate Price”.
- All done! The discount will be applied automatically.
Some of the most useful benefits of Hey Mondo travel insurance for digital nomads include:
- 24/7 assistance platform.
- Repatriation and early return.
- Travel expenses for a family member if you are hospitalised for over a week.
If you’re a digital nomad seeking insurance for your next chapter abroad, I recommend taking a look at the following article:
Link: Travel Insurance for Digital Nomads: Prices & Discounts in 2023
The cheapest travel insurance for Working Holidays
Working Holiday visas allow you to live and work abroad, and your time working abroad will undoubtedly be some of the most enlightening years of your life.
To attain these visas, having travel insurance is a prerequisite, so finding an effective but cheap policy is always going to be a priority.
After much investigation, we’ve found the policy we consider to be the best for this type of trip. Let’s take a look!
Enjoy a 5% discount on Chapka Working Holiday insurance (valid until 08/05/2026)
Click Here: Activate Discount
- Fill in your trip info
- Click on “Calculate Price”.
- Done! The discount will be applied automatically.
The most useful benefits that Cap Working Holiday gives those working abroad include:
- Coverage during short trips to your home country.
- Repatriation and early return.
- Medical expenses and hospitalisation abroad covered at 100%.
- This policy is renewable abroad, in case you decide to extend your stay.
The cheapest travel insurance for Students
Are you thinking of studying abroad in a new environment? Overseas exchanges are great for learning new languages, making new friends, and, of course, travelling!
Students aren’t typically known for having a lot of extra cash, so finding cheap student insurance is vital before you go. Luckily, there are plenty of affordable options designed for students.
Chapka Student is perfect for students heading abroad. This policy is especially useful for students studying in countries with high medical costs, such as the USA, Canada, Australia, New Zealand and Japan.
Get a 5% discount on Cap Student in May 2026:
Click here: Activate Discount
- Fill in your trip info (country of residence, travel dates, type of insurance).
- Click on “Calculate your Insurance”.
- All done! The discount will be applied automatically.
Cap Student also covers travel and accommodation costs for a family member to visit you if you are hospitalised for 2 days or more:
- Repatriation and early return.
- Chronic, pre-existing or congenital conditions.
- Dental expenses.
- Personal injury from motor vehicle accidents.
The cheapest annual travel insurance
Annual travel insurance policies allow those who travel a lot to cover all their short-term trips for an entire year-insurance made convenient!
In terms of pricing, even if you plan to travel just 2 or more times in the next 12 months, taking out an annual plan will likely help you save.
Annual insurance is essential for frequent travellers. This package insures you for all the trips you take in a year, so you can save time and money on insurance. Each trip under 60 days will include cancellation coverage and a 24-hour assistance platform.
Activate a 5% Discount on Heymondo Annual Multi-trip, only valid until 08/05/2026.
If you’re still curious, here’s a link to our exhaustive guide to annual travel insurance.
Tips on how to get the cheapest travel insurance
In order to get the best deal on insurance, you need to take a number of key aspects into account. But don’t worry, we’ve summarised our 5 top tips to follow:
- Don’t just look at the price. Even if you see an insurance policy at a low price, take a good look at the coverage, as this is the most important part of taking out an insurance policy!
- Opt for a policy that covers any unforeseen health event. This means that your policy should always have medical expenses covered, as hospital and clinic costs run into thousands of dollars in countries like the United States and Canada.
- Look for insurance with sports cover if you’re going on an adventurous trip – not all of them are included in the standard price!
- Investigate promotions and discounts to find the cheapest travel insurance possible.
- Find out in which countries it is compulsory to take out travel insurance before crossing the border. That way, you won’t make the mistake of having to take it out on the spot, which will cost you dearly!
How does cheap travel insurance work?
The way these travel insurance policies we’ve mentioned work is similar to any other. The first step is to purchase your policy. In general, the websites of the companies we recommend are intuitive and easy to use.
In fact, it only takes a couple of minutes to have the insurance in your email inbox. Then, once you are on your trip, if you have any problems, all you have to do is contact your company’s representatives.
They will advise you on the most appropriate course of action in any situation. If you have a medical emergency, they will refer you to the nearest clinic. If it is a repatriation, for example, they will take care of the formalities. It’s as easy as that!
When should you take out travel insurance?
Travel insurance can be taken out before you start your trip, or once you have arrived at your destination. This will depend on the insurance company, but it is also essential to take into account any waiting periods they may have.
Remember that the waiting period means that during this time the insurance will not be valid and, therefore, anything that happens will not be covered.
In general, we recommend taking out your insurance before you depart, and familiarising yourself with its terms and conditions.
What does cheap travel insurance cover?
The coverages of low-cost travel insurance providers are similar to more expensive insurance companies, although, in general, they focus on the most basic aspects of the trip.
If you know you need really extensive coverage, you will likely need to pay more. However, all basic travel insurance policies should cover the following:
- Medical and hospitalisation expenses.
- Luggage protection against theft or loss.
- Repatriation and early return.
- Civil liability.
- Accident compensation.
How much does cheap international travel insurance cost?
Throughout this content, you will have seen prices for a wide range of policies, which you will be able to reduce with our discounts.
But if you still want a clearer idea of what you can expect to spend, here is a summary of the price ranges for international travel insurance:
- 20 to €45 per week for short trips.
- 40 to 125 € per month for long trips.
- 30 to 85 € per month for digital nomads and businesses.
- 40 to €160 per month for Working Holidays.
- 30 to 80 € per month for students.
How do I buy cheap travel insurance?
Here is a step-by-step guide on how to get your travel insurance.
- Go to the website of the insurer of your choice and click on the insurance option that you have decided on.
- Once you have selected the insurance, you will see a “Contract” button, or something similar. Click to start the contracting process.
- Then, fill in your trip details. Fill in the duration of the trip, the number of travellers, and the countries you will be visiting. If you don’t know exactly which countries you’ll visit, select the “Worldwide” option.
- Fill in the details of each traveller and add a supplement if necessary, all these cost extra.
- Read the insurance conditions carefully, and that’s it! You now have your travel insurance, and you’re ready to embark on your next adventure!
Tips and tricks for saving money while travelling
One of the main objectives that all travellers have, is to organise and plan their budgets so that they can enjoy the longest and most complete trip possible.
There are countless ways to make your travels cheaper. Choosing low-cost travel insurance is a great start, but remember that flights, accommodation, the card you use, and how you book your activities are crucial factors as well.
Here are a few tricks I’ve learned over the years, they take a little time and effort, but they’ll help you reduce the cost of your trip, so you can focus on the travels ahead!
Fly at reduced prices
You know, flights don’t cost the same from all countries! To pay for my cheapest flights, I use NordVPN.
Basically, it’s a private network that allows you to access Internet sites from locations other than your own, and this can have some serious benefits:
In May 2026, enjoy a 59% discount on NordVPN.
Click here: Activate Discount
Flights from Barcelona to Buenos Aires don’t cost the same if you buy them from Spain as from India, for example. So, once you’ve installed NordVPN, simply access websites like Skyscanner and compare prices by entering as if you were browsing from different countries.
The 8 countries from which it is cheapest to buy flights are: Malaysia, Bulgaria, India, Turkey, Romania, Indonesia, Portugal, and Thailand. Once you have NordVPN, head over to Skyscanner and start paying reduced prices for flights all over the world!
Stay at a discount all year round
Access Booking.com now and get discounts of up to 15% in May 2026 by becoming a Genius user.
There are also ways to save money when booking your accommodation with Booking. The first of which is becoming a Genius user, something you get from making 2 bookings (Genius level 1), and 5 bookings (Genius level 2).
As a Genius user in Booking.com, you can enjoy:
- Discounts on room rates.
- Free breakfast.
- Upgrades to superior room categories.
- Free parking.
- Late check-out.
- Welcome gifts.
In addition, there are hotels in Booking.com that directly offer you a 10 to 15% discount on your rate for being a Genius user.
Access to get discounts of up to 15% by becoming a Genius user.
Finally, Booking.com has a Minimum Price Guarantee program, so if you find a cheaper price for your hotel on any other website, they’ll match it!
Get the best travel card
If you travel frequently, the Revolut Metal Card is another great way to save money. For starters, they offer you unlimited currency exchanges without paying any fees!
This Card allows you to make unlimited domestic transfers free of charge, and withdraw up to £800 a month from international ATMs.
If you spent £650 abroad in a month using a standard card, and withdrew £350 at ATMs, you would have paid around £44 in fees.
With the Revolut Metal card, you would have paid £0 in fees.
Reserve your activities and entertainment in advance
GetYourGuide is an indispensable tool for organising any trip to any destination. It’s a platform that helps you book tourism and leisure activities for your trip.
With GetYourGuide, you can book your activities online to avoid queues, and take advantage of a discount for online bookings. This way, you save time and money, so you can enjoy more activities during your trip!
You may be thinking that some of these money-saving techniques seem a little tedious, but trust me, if you save a little here, and a little there, you’ll end up saving a lot. It just takes a little effort on your part!
Reviews on cheap travel insurance
With this article about to end, I thought I’d set out some opinions that real life users have had about cheap international travel insurance. Reading online reviews is a great why to gauge a company’s reliability.
So, let’s take a look!
✅ Positive reviews of cheap travel insurance:
- There are policies for every type of traveller and type of trip.
- They are good value for money and meet the minimum visa requirements.
- They offer personalised and involved customer service for travellers.
❌ Negative reviews of cheap travel insurance:
- Sometimes it is necessary to advance money and then request a refund.
- Generally fewer benefits.
- Lower coverage limits.
Is taking out cheap travel insurance worth it?
Finding the cheapest travel insurance is always tempting, but the most important thing is to find a policy that will protect you.
That’s why I strongly recommend investing part of your travel preparation time in finding the policy that best suits your travel profile, your destinations and, of course, your personal needs. With that, you’ll be ready for your next adventure.
Luckily, plenty of the top insurers offer exclusive discounts being offered to readers of blogs like ours, so you can get comprehensive insurance at a reduced price!
Ultimately, if you are going to take part in adventure sports or risky activities while abroad, opting for the cheapest travel insurance without researching is not advised.
However, for your typical holiday, there are plenty of cheap policies that will provide you with a solid financial safeguard. With all that said, I wish you good luck and safe travels!
