Cheap Travel Insurance Guide

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1Cover show you how to find the right travel insurance, at the right price, no matter where you're going. 

1. About This Guide

We believe travel insurance should be simple, affordable and provide you with the coverage you need so you can enjoy your trip. In this guide we’ll show you how to find the right cover, at the right price, no matter where you’re going. 

 

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  • ThumbKeep It Simple

    Buying insurance can seem intimidating, but it shouldn’t be! We want to make buying travel insurance as breezy and hassle free as possible. 

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  • Piggy bank Save You Money

    We want to help you save money on your insurance, so you can spend it on the good stuff, like enjoying your trip!

 

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  • YogaPeace Of Mind

    When you’re travelling you want to feel secure in the knowledge that you’ll be looked after if something goes wrong.

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  • About usAbout Us

    At 1Cover, we’ve been in the travel insurance industry for over 10 years. We’ve been trusted by over 1 million travellers worldwide to look after them on their trips, so if there’s one thing we know, its travel insurance.

 

2.1 How To Get Cheap Travel Insurance

You can’t put a price on your safety, but there are a few tricks to help you save some serious dollars on your travel insurance, without compromising the quality of your cover.

A little know-how can go a long way to help save you money, so we’ve put together a list of the easiest ways you can save on your travel insurance.

Next time you’re purchasing travel insurance, ask yourself;

 

Scales

Am I using a competitively priced provider?

Learn More

Group of people

Do I need a single, family or group policy?

Learn More

Annual policy

Should I get an annual policy? 

Learn More

 

 

2.2 Go To A Competitively Priced Provider

 

This seems obvious, but the simplest way to save money on your travel insurance is to go with a competitively priced provider. But don’t be fooled, being competitive means more than having the lowest premiums.

Have you considered these important questions?

 

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What Are The Different Cover Levels?

Companies that provide different cover levels allow you to be insured for the things you need, without paying extra for things you don’t. 1Cover gives you the choice of Basics and Comprehensive cover levels for overseas policies.

 

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What Are The Cover Limits?

Policies with the lowest premiums may also have the lowest cover limits. If you’re on the hunt for the cheapest insurance, be sure that the cover limits are adequate for you. All 1Cover policies provide unlimited cover for overseas medical assistance.

 

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What Is The Excess When Making A Claim?

Be sure to take into account the cost of your excess when looking at the cover limits, it’s easy to get caught out. If your policy has a cover limit of $1000 for theft of cash, but the excess on this is $500, the maximum you will get back from your claim is $500. 

 

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Are You Taking Any Dependants?

Travelling with kids can increase the cost of your travel insurance. 1Cover provides cover for dependants under 21 years who travel with a parent or grandparent for 100% of the journey at no additional cost on single and family policies.

 

 

Section 2.3 How Can I Save With Single, Family and Group Policies?

 

Organising a trip for yourself can be complicated, but if you have to consider the needs of other travellers as well, it can become really stressful.   

Whether you’re travelling solo, as a pair, trio, quad or even a gaggle of up to 25 people, you could all be named on the same policy. Policies can either be purchased as a single, family or group. Here’s how it works: 

 

 

Single policy

Single

Does what it says on the tin, a single policy just for you. Dependants can also be added to a policy if they are travelling with a parent or grandparent for 100% of the journey at no additional cost. These are simple to take out, and adding dependants to your policy for free is a great way of saving money. 

 

Family policy

Family

These policies cover you and your spouse or partner, and your dependants. Cover limits on family policies apply to the total of all claims made, regardless of the number of people who claim. 

 

Group policy

Group

You and each other person you nominate on the certificate of insurance are covered as if under separate policies. Single benefit limits apply to each insured person, and you can nominate up to 25 people to be covered under the same policy. Group policies become comparatively cheaper as the group gets larger. The more people you add, the more you save!

 

 

2.4 Do I Need An Annual Policy Or A Single Trip?

 

Annual policies are a great way to save money on your travel insurance, especially if you are a frequent traveller. Annual policies are not for long term travel, but provide you with cover for multiple short terms trips over the space of a year. Depending on the destination, 1Cover’s annual policies cost only slightly more than a single trip policy, but cover you for an unlimited number of trips during a 12 month period.

Take our test and find out which policy is right for you. 

 

Overseas Flowchart

Domestic Flowchart

 

 

3.1 Where Can I Find Cheap Travel Insurance?

Where you can get cheap travel insurance from depends on two main considerations;

  1. Your chosen destination
  2. Your chosen provider

 The cost of travel to certain destinations varies greatly, and the same can be said of the cost of insurance. We show you what regions are the most expensive to be insured for, and which are the cheapest.

Which provider you choose will also affect the cost of your travel insurance. And while it’s easy to price match between companies, we show you what else you should look for when purchasing a policy to ensure you have peace of mind on your next trip. 

3.2 Where Are You Going?

 

Some destinations are cheaper to provide cover to than others. This is largely based on how far away they are from New Zealand and the cost of medical care there.

The map below shows how we categorise different destinations into regions, based on the costs associated with providing cover to them.  And while you may think that travelling to Bali is much more hazardous than a visit to the states, spending even one night in a US hospital can leave you with a bill well over $6,000.

Now that's a hit to the pocket you could do without! 

 

3.3 Who Is A Good Travel Insurance Provider?

 

Umbrella

Reliable Underwriter

Check to see that your insurer is underwritten by a company you know and trust. 

Claims team

In-House Claims Team

You want to know the same people who sold you your policy will be looking after your claims as well. 

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Customer Reviews

Check the quality of your provider's online customer reviews, these can tell you a lot about their claims and customer service. 

 

24 hr clock

24 Hour Emergency Assistance

Your insurer should have a 24-hour emergency helpline for when you need them most. 

Cogs turning

Experienced And Specialist

How long has the provider been operating for? And is travel insurance the primary focus of their business? 

 

 

 

4.1 Cover For Pre-Existing Medical Conditions

Travel insurance generally only provides cover for unforeseen medical events, so if you have pre-existing conditions these may not be covered. But don’t stress, there are a few options to keep your travel insurance as cheap as possible.

Pre-existing medical conditions are treated under four separate categories:

 

Umbrella

 Automatically Covered

Levels

Limited Cover

Chat icon

Compulsory Disclosure

Form icon

Assessment By Application

 

 

4.2 What Is A Pre-Existing Medical Condition?

 

Different insurers will have different rules about what is and isn’t a pre-existing condition, and this can get really, really complicated. At 1Cover we want to make this as simple and cheap as possible, so you can get on with enjoying your trip!

Applying for cover for pre-existing conditions can add to the price of your premium, so it’s important to know what insurers consider to be pre-existing, and what conditions will cost you more to cover.

1Cover considers the following to be pre-existing conditions; 

 

MedicationA condition that you have received treatment, advice or medication for in the last 90 days

 

 

Stethoscope A chronic or ongoing illness

 


 

Multiple pregnancyMultiple pregnancy later than 19 weeks

 

 

SurgeryAny surgery you have had in the last 12 months

 


 

PregnancySingle pregnancy later than 24 weeks

 


 

Magnifying glassAny condition currently being investigated

 

 

4.3 Medical Conditions That Are Automatically Covered (For Free!)  

 

Some conditions are automatically covered, which means that these will be covered for free under your policy without you having to disclose them or fill in any forms.

1Cover automatically provides cover for the following pre-existing medical conditions; 

Acne

Acne

Allergies

Allergies*

Asthma

Asthma*

Coeliac Disease

Coeliac Disease

Cataracts

Cataracts

Carpal Tunnel Syndrome

Carpal Tunnel Syndrome

Bunions

Bunions
Benign Position Vertigo
Benign Position Vertigo

Impaired Glucose Tolerance

Impaired Glucose Tolerance

Glaucoma

Glaucoma

Graves' Disease

Graves' Disease

Dry Eye Syndrome

Dry Eye Syndrome
Trigeminal Neuralgia
Trigeminal Neuralgia
Epilepsy
Epilepsy*
Folate Deficiency
Folate Deficiency

Gastric Reflux

Gastric Reflux

Goitre

Goitre
Congenital Blindness
Congenital Blindness
Vitamin B12 Deficiency
Vitamin B12 Deficiency
Hiatus Hernia
Hiatus Hernia
Trigger Finger
Trigger Finger
Hyperlipidaemia (high blood lipids)*
Hyperlipidaemia (high blood lipids)*
Sleep Apnoea
Sleep Apnoea
Hypertension (high blood pressure)
Hypertension (high blood pressure)*
Bell's Palsy
Bell's Palsy
Incontinence
Incontinence
Insulin Resistance
Insulin Resistance
Nocturnal Cramps
Nocturnal Cramps
Osteopenia
Osteopenia
Congenital Deafness

Congenital Deafness

Pernicious Anaemia
Pernicious Anaemia
Raynaud's Disease
Raynaud's Disease
Hypothyroidism
Hypothyroidism
High Cholesterol
High Cholesterol
Diabetes Mellitus (Type I & Type II)
Diabetes Mellitus (Type I & Type II)*

*Terms and conditions apply see PDS for full details. 

 

4.4 Cheap Cover For Other Medical Conditions

 

So your condition is not automatically covered? No worries! 1Cover can provide you with other options to help keep your travel insurance as affordable as possible.

 

ApplicationBy Application

You can apply for cover for pre-existing medical conditions that are not automatically covered, and there are a number of options available to you depending on the outcome of this.

 

 

Limited coverLimited Cover

This means that you will have no cover for any medical component of your insurance. Sometimes this is imposed by 1Cover depending on the severity of the condition or you can choose to have limited cover to prevent yourself from having to pay an increased premium.

 

 

CrossExclude Specific Conditions

You have the option of not having any cover which specifically relates to your condition. However you will still be able to make claims on your policy for events not relating to this. Choosing to exclude your condition will mean that you will not have to pay an increased premium.

 

StethescopeCover At An Increased Premium

You may be offered full medical coverage relating to your condition, however this will increase the price of your travel insurance.

 

 

5.1 How Can I Get Cheap Travel Insurance for Seniors?

It’s no secret that as you get older, the price of your travel insurance can start to really skyrocket. At 1Cover, we believe that age should never stop you from travelling, after all, you’re only as young as you feel! Check out our top tips for how seniors can save money on your travel insurance.

 

Tips For Senior Travellers 

 

Calendar

Book In Advance

We use the age of a traveller at the date of purchase, not the date of departure to detirmine the cost of insurance. This means that you could purchase a policy a policy up until the day before your birthday and be quoted at a lower rate. 

Briefcase

Options For Pre-Existing Conditions

If you have pre-existing medical conditions, choosing to exclude cover for that specific condition or to travel with limited cover will save you money on your travel insurance. 

Child with balloon

Adding Dependants

If your children or grandchildren are travelling with you for 100% of the journey and are under 21 and not in full-time employment, they can be added to your policy at no additional cost. 

 

 

5.2 FAQs for Cheap Travel Insurance for Seniors

 

  • Will previous claims effect the cost of my 1Cover travel insurance?
  • No. At 1Cover, we understand that accidents happen, and we would never penalise you for making a claim, no matter how big or small.

 

  • How can I be covered for cancellation fees and lost deposits?
  • Unlimited cover for cancellations fees and lost deposits is included in all comprehensive policies.

 

  • I will be going on a cruise, does this cost extra to cover?
  • Going on a cruise will not affect the price of your policy, unless you are going on a cruise around New Zealand. In this instance your insurance will be slightly more expensive as the national health system considers being in open waters as being overseas, and as such will not provide assistance. 

 

6.1 How Can I Get Cheap Travel Insurance for Students?

No matter whether you’re travelling during your semester break, going on a gap year or setting off on an exchange, we can help you save money on your travel insurance. We understand that most students have to work on tight budgets, so check out our basics policy.

Our basic policy has been designed especially with students and budget-conscious travellers in mind. We’ve included all of the medical assistance and expenses cover of our comprehensive policies, without any extras to keep your premium as low as possible. 

Check out the coverage offered by our basics policy below; 

 

Basics Policy Cover Limits

Benefit Benefit Limit
Overseas Emergency Medical Assistance Unlimited
Overseas Emergency Medical & Hospital Expenses Unlimited
Dental Expenses $500
Personal Liability $5 million 

 

 

 

6.2 FAQs For Cheap Student Travel Insurance

 

  • Will my complimentary university travel insurance cover me if I’m on an exchange?
  • Your complimentary university travel insurance may cover you for travel during the semester, but if you plan to do any travelling outside of term time, or to countries other than where your exchange is taking place, then you may not be covered.

 

  • Does 1Cover basics provide enough cover for me to get a visa?
  • In some regions, such as the Schengen Area, you are required to prove that you have bought travel insurance before your visa application is accepted.  The level of travel insurance you need must provide cover for repatriation for medical reasons, urgent medical attention and/or emergency hospital treatment or death during your stay. 1Cover’s basics policy provides a high enough level of cover to meet all of these requirements.

 

  • I’m taking my laptop with me, will a 1Cover basics policy cover this?
  • Basics policies do not provide cover for luggage, so you will need to purchase a comprehensive policy. Our comprehensive policies provide cover for up to $3000 for laptops, handheld computers, cameras and video cameras.