Travel Insurance

Compare travel insurance quotes for your next trip in minutes with Savvy.

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, updated on September 4th, 2023       

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Compare Travel Insurance Quotes in 30 Seconds

Whether you’re looking at booking an expansive overseas holiday or a quiet interstate getaway within Australia, it’s important to not find yourself caught with a hole in your pocket if not everything goes to plan. Travel insurance not only brings greater peace of mind to jetsetters but can also help you out when you’re in a bind.

At Savvy, we’re partnered with trusted and affordable insurers to help you compare a range of competitive offers for your next holiday. Get started today with a free, no-obligation quote.

What is travel insurance and why do you need it?

Travel insurance is designed to cover you for certain unexpected circumstances which may arise while you’re travelling, whether domestically or internationally. The incidents which may be covered, and the amount you're able to claim for different included incidents, vary between providers and different types of policies, such as between basic, mid-level or comprehensive cover options.

There's a range of reasons why it's important to purchase travel insurance before you take off on your next trip, including:

  • Peace of mind: above all else, having a policy in place can bring you comfort that should a claimable event take place, you can recoup some of what you lost.
  • Avoid hefty medical expenses: in certain countries around the world, being admitted to hospital can be extremely expensive. Travel insurance could help you avoid having to fork out tens of thousands of dollars if you're covered.
  • Protect your belongings: many of the items you bring along with you are valuable, from your mobile phone to computers, cameras and even your luggage as a whole. Because of this, you may wish to take out a policy with suitable cover in this area (limits apply).
  • Cover you for cancellations: should a covered incident take place, such as sustaining an injury which prevents you from travelling, your travel insurance can help you recoup non-refundable costs like flights, hotels and experiences (up to a set limit).

What does travel insurance cover?

There are many areas which are covered by travel insurance. What's included in your policy's coverage will ultimately depend on the insurer and the type of level of policy you buy. With a comprehensive travel insurance policy, you can expect the following to be included (subject to your insurer's terms and conditions):

How should I compare different travel insurance policies?

There are several key areas to look at when comparing different travel insurance quotes, which you can do right here with Savvy. The factors to compare include:

Inclusions and exclusions

The main feature of policies you should look towards is what is and isn’t included. It’s all well and good finding a cheap travel insurance policy, but if it doesn’t cover you where you need it to, you may as well not take out insurance at all. For example, some of the most common exclusions on these policies include:

  • Medical expenses for treating undiagnosed pre-existing symptoms  
  • Unattended baggage
  • Valuables stolen from a locked car (however, some insurers can offer cover if your valuables were stored in a boot or another covered compartment and there is evidence of forced entry)  
  • Claims arising from breaking local laws  
  • Cancellation fee cover due to a demonstration or terrorist incident at your destination
  • Travelling against government advice  

Policies on pre-existing conditions

The most relevant exclusion for many, however, is pre-existing conditions. If you require medical attention due to a condition or disease which was already known about before travelling, most comprehensive policies won’t cover you. It’s important to check different insurers thoroughly if you have such a condition, as it may be important to find one which covers you where required. Some of the pre-existing conditions which can be excluded are:

  • Cancer
  • Heart conditions
  • Mental health conditions
  • Diabetes
  • Terminal illnesses

  Cost of premiums

It’s also important to try to secure the most affordable travel insurance deal. Travel insurance, in many ways, is about striking the balance between coverage and cost: while basic policies will be the cheapest, they may not always cover you for what you need. As such, you should always compare the costs of insurance providers and policies which also afford you suitable cover.

Excess requirements

The excess on your travel insurance is the lump sum you pay when making a claim. You might look to a policy or provider which only requires you to pay a smaller excess, while there are some which may not charge an excess at all. However, in most cases, lower or no excesses will cost more in premiums, so it’s worth considering your priorities.

Optional extras

On top of the inclusions and exclusions, your insurer will likely also have a list of extras you can add to your policy. This may be a particular activity such as motorcycle riding or skiing. However, some insurers may include things like these in their comprehensive policy, rather than charging extra for them to be added, making it important to compare between options.

Why compare travel insurance with Savvy?

Types of travel insurance you can choose with us

Frequently asked questions about travel insurance

How much does travel insurance cost?

There's a range of factors which help determine the cost of travel insurance policies, including:

  • Your age
  • Your health (and whether you have any pre-existing conditions)
  • Where you're travelling and how long you're away
  • The level of cover you choose
  • The optional extras you select
  • The size of your travelling party (how many people are being covered under the policy)
  • The size of your excess
Will my insurance policy cover COVID-19-related incidents?

While some insurers will exclude epidemic or pandemic-related expenses under their policies, many are now offering cover relating to medical and cancellation costs which may come about due to catching COVID-19 either before or during your trip or becoming a close contact. However, not all events will be covered, such as lockdowns in your state or cancellation or additional quarantine costs as a result of becoming a close contact. You also may not be covered if your claimable incident occurs within 72 hours of purchasing your policy. It’s important to compare your options thoroughly and determine what you’ll be covered for before you apply for your policy.

Will my pregnancy be covered under my travel insurance?

Whether you’re covered for pregnancy under your travel insurance may be determined by how far along you are in your gestational cycle and your doctor’s travel recommendations. It’s important to speak to your insurer and read up on your policy’s PDS to fully understand any pregnancy cover limitations or exclusions tied to your cover. Some insurers can offer cover for pregnancy-related claims up to 32 weeks or more, but others cap this at a shorter maximum of 18 to 24 weeks (though these periods are subject to a range of other qualification criteria relating to your pregnancy).

How long before my trip should I purchase travel insurance?

Most travel insurers allow you to you purchase your policy as soon as you’ve booked your holiday to ensure that you’re given the best chance of being covered should there be any cancellations in the weeks and months leading up to it. You can take out your policy as many as 12 months before travelling, but you’ll also be able to buy your policy right up to the day you depart.

Why is it important to read the Product Disclosure Statement?

Your insurer’s Product Disclosure Statement (PDS) is a document which outlines most of what you’re covered for under your policy. There may be additional criteria which can impact your eligibility outside of your PDS, but it’s still crucial to consider it when comparing your options so you’re clear on what is and isn’t included.

Am I able to take out travel insurance for a group of people?

Some insurers also offer group policies for travel parties as large as 25 in some cases. This can be a more cost-effective way to take out travel insurance, as well as more efficient compared to taking out multiple individual policies. However, this will require everyone to have the same level of cover, so if certain members of your group need more than others, a group policy may not always be the best type of insurance for your travelling party.

Can I take out a travel insurance policy if I’m a student?

Yes – there are travel insurance companies who can offer policies to students, whether you’re still at school, studying at university or an international student. Always refer to your insurer’s PDS to find out about any applicable age restrictions and exclusions.

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We do not compare all travel insurance brands currently operating in the market. Any advice presented above or on other pages is general in nature and does not consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.

Savvy earns a commission from our partners each time a customer buys a travel insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via their websites.

Before purchasing your policy, we recommend you refer to the provider’s PDS for any further information on the terms, inclusions and exclusions.