The Best Travel Insurance 2021

The recommended travel insurance plans for everyone – from single-trips to annual plans, adventure and hiking to relaxing family holiday. 

Travel insurance for the adventurers

You believe that the best knowledge one can gain comes from his travels. Whether you're flying up-north or headed down-south, whether you're scaling up the mountains or diving deep down under, you'll want to protect yourself from all risks.

Best travel insurance for adventurers

Best travel insurance for extreme sports

The world is your playground and adrenaline runs in your blood. Go ahead and take risks but take calculated risks because you'll want to return to tell the stories – your travel tales. Protect yourself from unnecessary costs incurred from accidents by getting the right coverage. 

Coverage to look out for

Potential downsides

  • Coverage for extreme sports (non-competitive) and hiking up to a certain height above sea level

  • Rental equipment excess e.g. ski equipment, snorkelling equipment

  • Most plans do not cover for skydiving

  • Look out for the covered height for hikes

Recommended travel insurance plans

Most comprehensive: American Express

amex

Good overall coverage and with high coverage amount and cover for extreme sports. 

Most value-for-money: FWD

FWD

Affordable and comprehensive coverage, which includes scuba diving, skydiving, bungee, and hiking up to 3,000M. 

Other options: ERGO

ERGO

Not the cheapest plan, but covers widely and with a higher coverage amount.

 

Best travel insurance for road trips

As if traffic accidents in your home country is not scary enough, getting into one while overseas can be intimidating, especially if you’re in the middle of nowhere. What do you do if you need to call a tow service, or pay for the damaged car? That’s when travel insurance can help. 

See: Driving to Malaysia – Do I need travel insurance, car insurance, or both?

When looking at rental vehicles, take note of the rental excess amount that varies across rental companies. For example, if the rental excess of the company is $1,000, it means that you'll have to pay a maximum of $1,000 if the car gets into an accident. If your travel insurance policy covers up to $700 in rental vehicle excess, you further reduce your payment to $300.

Coverage to look out for

Potential downsides

  • High rental vehicle excess cover

  • Loss of baggage and belongings

  • Medical coverage and evacuation

  • Look out for the coverage limits on loss belongings and thefts

  • Limits to rental vehicle excess

Recommended travel insurance plans

Most comprehensive: ERGO

ERGO

Wide coverage with a competitive price, and offers mid-range insured limits on rental vehicle excess.

Most value-for-money: AIG

AIG

Affordable plan with mid-range insured limits on medical and overall higher than average rental vehicle excess.

Other options: Aviva 

aviva logo

Aviva's premium plans offer one of the highest insured limits on rental vehicle excess. 

 

Best travel insurance for backpackers

Backpacking can be a thrilling experience because you get the freedom to go anywhere you want, whenever you want. However, hitting the streets for a long time means increased exposure to thefts and accidents. Find a plan that gives you adequate coverage and insured amount.

Coverage to look out for

Potential downsides

  • High coverage for lost baggage

  • Personal accident coverage

  • Low premiums fit for a budget backpacker

  • Higher coverage comes at a cost

Recommended travel insurance plans

Most comprehensive: American Express

amex

More expensive but offers overall higher and wider coverage overall. For those who would not scrimp on travel insurance and wants to cover their long backpacking trip in its entirety.  No rental car excess cover on AMEX Essential.

Most budget: FWD

FWD

Very affordable and covers for most travel incidents. There may be limits on the insured amounts, which may not be an issue for backpackers.

Travel insurance for the family

There's no better feeling than to walk the world with your loved ones. While doing that, make sure that you get travel insurance not just for yourself but also for your children. Different plans have different insured limits for children, so watch out for that!

Best travel insurance for families

Best travel insurance for those with children

Travelling with family means that you have to take care of everyone. With so many things to look out for, it’s a no-brainer to get some coverage to protect your family whilst overseas.

Coverage to look out for

Potential downsides

  • Coverage for (up to 4) kids and adults

  • Rental vehicle excess if you’re renting a car for your family

  • Do not have pre-existing coverage

Recommended travel insurance plans

Most comprehensive: DirectAsia

DirectAsia

Offers coverage for your accompanying helper, and offers the same insured limits for children.

 

 

Best travel insurance for highest medical coverage

Some of us would bring the basic medication – paracetamol, carbon pills, and lozenges. But what if you get a terrible infection or a venomous sting? Getting into one of these especially in a country with underdeveloped medical facilities can be scary and costly. 

Coverage to look out for

Potential downsides

  • Highest medical coverage

  • Terrorism cover

  • Medical evacuation

  • Important when travelling with family

  • More costly

  • Highest coverage amount

  • Usually have a limited cover on extreme sports

Recommended travel insurance plans

Most comprehensive: American Express

amex

High amounts on medical coverage, baggage, flight delay and most other coverage. 

Other options: Aviva or Allianz Travel

aviva logo   Allianz Travel

Unlimited medical coverage on their premium plans e.g. Aviva Travel Prestige.

 

Best travel insurance for pre-existing medical conditions

If you or your family member have a pre-existing medical condition, there is increased risk while travelling and the typical insurance plan may not cover you. That’s when you should look out for plans that specifically cater for pre-existing medical conditions.

Coverage to look out for

Potential downsides

  • Insurance coverage for pre-existing conditions

  • Comprehensive cover for the elderly

  • More costly than normal plans

  • Hassle to buy multiple plans for the family

  • Can still claim for non-medical related incidents but those arising from pre-existing conditions will be excluded

Recommended travel insurance plans

Most comprehensive: Income or Etiqa

Income     Tiq by Etiqa

There are generally not many plans that cover for pre-existing medical conditions. The coverages are roughly similar, and either insurer can have cheaper plans depending on existing promotions.

Travel insurance for frequent travellers

If you fly multiple times a year, it may be cheaper to get an annual insurance plan. Also, you'll have higher chances of running into one of those flight or baggage delays so you might want to find a travel plan that has a smooth claims process

Best travel insurance for frequent flyers

Best travel insurance for flexibility

Work can throw you a curveball and you may need to make last-minute changes to your travel plans. Or you may want something that gives you a smooth claims process.

Coverage to look out for

Potential downsides

  • Trip cancellation process

  • Smooth and hassle-free claims

  • More expensive

Recommended travel insurance plans

Most comprehensive: Aviva

aviva logo

Aviva allows you to cancel your trip or make changes to your travel dates for any reason. Although you'll only get 50% back on what you paid, it certainly beats getting zilch. Do note that you'll have to buy your Aviva travel plan within 7 days of buying the flight tickets.

Most budget: FWD

FWD

It's affordable price for single-trip plans and decent coverage means you can afford to buy it multiple times a year. Claims are also hassle-free with an online claims process.

 

Best travel insurance for the cheapest annual plan

You try to make it a point to travel every holiday. Why waste your leave staying in Singapore when you can head overseas? Or you might like to take many mini-trips over the year. That’s when you can pay one price to have all your trips covered. 

Coverage to look out for

Potential downsides

  • Convenient to buy once a year

  • Basic coverage for all your trips

  • The premiums depend on the insured region(s) of travel

Recommended travel insurance plans

Most comprehensive: ERGO

ERGO

Good overall coverage for all plans while the more premium plans offer higher coverage amount at a slight premium.

Most value-for-money: FWD

FWD

It is an affordable plan with comprehensive coverage but do take note of the insured limits.

Other options: Etiqa

Tiq by Etiqa

Besides the comprehensive coverage, Etiqa has a fuss-free claims process for flight and baggage delays where you get payouts automatically credited into your PayNow – a time-saver if you're frequently flying. 

 

Best travel insurance for a comprehensive annual plan

You go on multiple trips in a year, for business or for leisure. You’ll probably know that baggage delays and flight delays are a common sight, and it pays to get cover. After all, your company might be paying for it. 

Coverage to look out for

Potential downsides

  • Convenient to buy once a year

  • Most comprehensive coverage

  • Worldwide assistance

  • Expensive premiums

Recommended travel insurance plans

Most comprehensive: American Express

amex

AMEX offers one of the highest insured amounts on medical, flight, and baggage delays. The cheapest plan does not have rental vehicle excess cover, so get the premium plans if you are renting a vehicle.

Most value-for-money: FWD 

FWD

As mentioned above, its competitive price and wide coverage make it a prime choice; just take note of the insured limits. 

Other options: Allianz Travel

Allianz Travel

A more premium plan than FWD and slightly more affordable than American Express, the coverage and amounts are very competitive although they do not cover for all types of extreme sports. 

Travel insurance for everyone

If you're not looking for any specific coverage for your holiday, then you might need a more generic travel insurance plan that covers widely and adequately. Here, we recommend some of the cheapest or most comprehensive plans.

Best travel insurance for anyone

Best travel insurance for cheapest single-trip plans

It’s better to get some coverage than none. And yes, paying for a basic travel insurance plan will certainly give you better coverage than the complimentary travel insurance that comes with your credit card. Here are some budget choices for your consideration.

Coverage to look out for

Potential downsides

  • Better than most complimentary travel insurance

  • Some coverage is better than none

  • Wide coverage but may not have high insured amounts

  • Limited coverage or coverage amount

  • May be strict on their claims

Recommended travel insurance plans

Most comprehensive: Aviva

aviva logo

While the most premium plan offers unlimited medical coverage, you'll get a wide coverage for most travel incidents. Plus, if you get the Travel Plus or Prestige plans within 7 days of booking your flights, you'll get to cancel your trip or make changes to the travel dates for ANY REASON.

Most value-for-money: FWD 

FWD

The plans are very competitively priced and it covers for most travel incidents. 

Other options: Etiqa

Tiq by Etiqa

Etiqa is another affordable option. Further, their customer experience is top-notch, with automatic flight claims and tracking, and automatic payouts should your flight be delayed.
 

Best travel insurance for flight delay claims

Those who fly often will know that flight delays are common. Whether it is an aircraft maintenance problem or weather conditions, the wait can be terrible. What’s worse is if you miss a connecting flight because of the delay and have to go through all the paperwork.

Coverage to look out for

Potential downsides

  • Flight delay cover amount

  • Overbooked flights cover

  • Ease of claims

  • May not cover for overbooked flights

  • Limited coverage amount

Recommended travel insurance plans

Most comprehensive: American Express

amex

The AMEX plans offer high coverage amount not only on the medical coverage but also on flight delays, and generally everything else. It does however come at higher premiums. 

Most value-for-money: Etiqa

Tiq by Etiqa

Etiqa is an affordable option. On top of that, you'll get automatic claims and payout should your flight be delayed. Also, they payout with a minimum of 3 hours of delay, and in 3-hour blocks, whereas most plans have a minimum of 6-hour delay before you get any flight delay payout.

Other options: Aviva

aviva logo

Aviva is also another affordable option with higher coverage amounts. They have limited extreme sports cover so if you're planning on that, make sure to get the add-ons.

 

Best travel insurance for overall comprehensive coverage

Or you may just want a travel insurance plan that gives good payouts and covers all ground. In that case, you might be looking for something that's more of an all-rounder, that can cover for any trips.

Coverage to look out for

Potential downsides

  • Wide cover and higher cover amount on medical, delays, loss

  • Ease and reliability of claims

  • May be paying for coverage that you'll not need

Recommended travel insurance plans

Most comprehensive: American Express

amex

Overall, AMEX has wide coverage and the highest insured amounts. Their cheapest plan do not have rental vehicle excess, so get the more premium plans if you're renting a vehicle. 

Most value-for-money: FWD 

FWD

FWD is affordable and has a wide coverage. The insured limits may be lower than average but it's good enough for most people going for a budget trip. Their online claims process is also hassle-free, so a good entry-level plan.

Other options: Aviva

aviva logo

Aviva is another affordable option and can be really cheap when they have ongoing promotions. They cover for most travel incidents except some extreme sports like skydiving and skiing. 

 

Conclusion

Having gone through the list, you might notice that some recommendations are really similar. For example, in the cheapest and budget options, prices of FWD, Aviva, and Etiqa plans are almost comparable. The difference might come down to the existing promotions, or certain aspects of their customer service.

With GoBear's travel insurance comparison tool, it's really easy to get the best plan that you're looking for. Simply enter your travel dates and destinations, and our aggregator tool will generate the various plans and prices from different insurers for your holiday. Existing promotions and discounts are factored in, so you can be sure that you'll be getting the best deals in the market.

Last update on Jan 04, 2021