When you become a digital nomad or long-term traveler, you know that unexpected things can happen and you always need to be insured.
Considering the option of traveling without insurance is NO GO! Even a simple doctor’s visit or medical check-up in a foreign country as a tourist can be very expensive.
Without insurance, you can end up in a big debt if something serious happens to you. Also, having your gear stolen may be an annoying problem for your wallet and also your business or remote job if you “travel and work from anywhere“.
7 Best Digital Nomad Insurance Plans for Health & Travel
- Safety Wing – Insurance for Digital Nomads – MONTHLY PLAN
- Safety Wing – Remote Health – for TEAM or INDIVIDUALS – YEARLY
- World Nomads – Great for Adventurous Travelers
- Travelex Insurance Services – For all type of trips
- Integra Global – Digital Nomad Insurance
- Allianz Global Assistance
- IMG Global
Does my insurance cover COVID-19?
Most of the insurance companies will cover your health expenses or cancellations related to COVID-19 but it might depend on timing and warning LEVELS of the C.D.C and other health organizations in a given country.
Therefore, closely read the terms and conditions of your insurance contract, follow the newest updates on your insurance company website or reach out to the insurance company directly.
What is the Cost for a Year of Travel Insurance?
The variance in the cost of travel insurance is directly related to several factors, but the main aspects to influence your travel insurance cost are:
- Your age: Anyone over 30 is going to pay more for travel insurance. Those aged 60 and above pay substantially more.
- A number of travelers: When you add four or more travelers to a group, the cost for the insurance increases substantially.
- Length of travel time.
- Type of coverage: The more expensive coverages to add to a travel insurance policy include insurance that allows you to cancel for any reason and rental car collision coverage.
In general, you can expect to pay around 5 to 10 percent of the total cost of your trip for travel insurance. This includes airfare and accommodations.
Best Digital Nomad Insurance Plans 2021
1. Safety Wing – Digital Nomad Insurance – MONTHLY PLAN ($40)
GREAT NEWS! As of 1st. August, Safety Wing Digital Nomad insurance plan covers COVID-19.
SafetyWing is a remote working company that is rapidly gaining new clients. Their specialty is providing primary health insurance for nomads.
This is very helpful for long-term travelers who may no longer carry health insurance in their home country. Their company is a subsidiary of a powerful global insurance company, Tokio Marine.
- You don’t need permanent residency in any country to get the insurance.
- Those under 39 years old will find SafetyWing quite affordable.
- Besides the medical coverage, you will get non-medical evacuation coverage, interruption, and cancellation of trip coverage and baggage claims.
- You can pay monthly, rather than all upfront.
- When you visit your home country for up to 30 days, you are still covered, unless you are a U.S. citizen.
- You can choose private doctors and hospitals.
- 1 child per adult and 2 children under 10 per family can be also included free of charge.
- Some activities that a regular nomad considers not very risky are not covered, such as climbing mountains at high elevations, scuba diving, and ice hockey.
- The coverage in total maxes out at $250,000.
- You have to be in possession of an international scooter license to be covered if you have a scooter or motorbike accident. These kinds of accidents are very common while traveling around Southeast Asia.
Some estimates on pricing: Some estimates on pricing: SafetyWing travel insurance for a 90-day trip for a 20-year-old to Finland comes up to only $129! Anyone up to age 39 will get that price. If you are 60 or older, the price jumps to $443.
2. Safety Wing – Remote Health – for TEAM or INDIVIDUALS – YEARLY
GET 5% DISCOUNT for Remote Health Plan
ACCESSING VIA THIS LINK, a 5% discounted price will be applied during the checkout. It’s an exclusive “discount link” for Traveling Lifestyle readers, expiring by the END OF THE MONTH.
This is great news! Safety Wing’s new plan called “Remote Health” is the perfect solution for digital nomads that comes with the exact match for the medical and travel needs.
It’s pricey but worth it!
Here is a quick overview on why Remote Health is the best “long-term” option:
- Covers you in your home country too! (Therefore, you can consider signing OFF your “national insurance”).
- Covers you for pre-existing conditions
- Covers you for cancer
- Covers you for COVID-19
3. World Nomads – Great for Adventurous Travelers
PLEASE READ WORLD NOMADS COVID-19 FAQs – YOU CAN FIND VERY DETAILED INFO ABOUT THEIR INSURANCE SERVICE.
World Nomads is highly recommended by magazines, such as National Geographic, Eurail, International Volunteer HQ, and Lonely Planet.
You can build a short-term or long-term travel plan with World Nomads insurance. They are innovators who purposely built their business model to cater to digital nomads.
- If you are a US resident, the World Nomads Travel Protection Plan offers you specified benefits if you test positive for COVID-19. You may get coverage for medical emergencies, medical evacuation, trips delay, trips interruption and coverage if you contract COVID-19 while traveling.
- Although you can only get an estimate for 180 days of coverage online, you can simply keep extending the coverage indefinitely.
- If you need to make a claim, you can do it online.
- Claims are handled quickly.
- They have great coverage for the price.
- Their Explorer coverage helps adventurous travelers have the security of knowing they are insured when they want to play.
- They are the go-to company for many major travel providers.
- Since they work with a myriad of local insurance providers, the costs and the coverages can vary widely, based upon area. Read the policy carefully.
- You must have health insurance in your country in order to get their add-on health coverage.
- You will likely not be able to get scooter coverage.
- You are only allowed one trip back home on the policy.
Some estimates on pricing: We received quotes for a trip to Finland for 3 months for a U.S. national traveler age 22 and a U.S. national traveler age 60 in order to see the age differential factor.
The 22-year-old traveler would pay around $323.83 USD for a basic plan with generous coverage that included $100,000 in medical expense coverage; emergency and non-medical evacuation; coverage for participating in over 200 adventure sports; trip cancellation, interruption and delay coverage; and $1,000 of coverage for baggage and personal effects.
The Explorer plan adds more adventure sports and higher dollar amounts on other coverages as well as a collision damage waiver for a total of about $471.68. If you will be going for an entire year, just multiply these figures by four to get your total coverage cost.
Surprisingly, our 60-year-old will pay the same cost, according to the online quote, for both packages for three months in Finland.
4. Travelex Insurance Services – For all type of trips
Travelex travel insurance offers digital nomads and remote workers protection for a variety of trips, including weekend getaways, long stays and luxury vacations.
The Basic plan provides you all the essentials. Travel Select plan allows travelers to customize their needs. And the Flight Insurance is designed for those whose needs are more related to flight-specific protection.
- Covers COVID-19: if you test positive for COVID-19 you may be eligible for trip cancelation, interruption, or emergency medical or medical evacuation.
- Trip Cancellation and Interruption: regardless of the covered reason why your trip is canceled or interrupted, you will receive a reimbursement of the money you have spent. These include injuries, flights cancelations and others. This benefit also applies for the basic plan.
- Emergency medical and evacuation: If you suffer an accident when traveling, the company will provide you with emergency evacuation to a medical facility. In case you or your travel companion passes away, the policy will cover the cost of transporting remains home.
- 24/7 Assistance: This is our favorite one! Who doesn’t love a travel concierge? Well, in case you are looking for hidden paradises, or get sick and do not know where to go or even have legal issues, Travelex travel assistance will assist you as a travel concierge. And it is included in all of the plans!
- 98% of claims are paid: Filing an insurance claim is relatively easy and seems to be faster than the industry average.
- The coverage for COVID-19 may be quite limited.
- Basic services have an additional cost otherwise, they are not included.
Our 22-year-old remote worker will pay $ 324 for the basic plan. However, they should add extra money for basic services such as some medical expenses ($139), adventure sports ($10) and AD&D ($18) so the total plan actually starts at $491.
5. Integra Global – Digital Nomad Insurance
Integra Global offers international healthcare insurance for long-term digital nomads. They offer no traveler’s benefits, such as lost luggage claims or trip cancellation insurance. Instead, they offer comprehensive international medical insurance that is not limited to emergency care, the latter as is the case with most travel insurance.
They also cover routine health exams, dental and mental health services as well as chronic conditions. Travel insurance rarely covers these types of expenses.
- It might cover you if you test positive for COVID-19, but conditions apply.
- After the deductible is paid for the year, the coverage is 100 percent. You can choose a range of yearly deductibles. A good sweet spot is around $1,000, but you can make your deductible as high as $5,000 to save some serious money on the coverage.
- They work with any licensed hospital or doctor.
- There are also plans available, at an additional cost, that will provide you treatment for pre-existing conditions.
- They cover a much higher amount of medical expenses per year than travel insurance health care plans do.
- You will have to purchase separate travel insurance for everything other than medical needs.
- You must purchase a policy for a year or more.
- There is no direct billing, so you will need to front the money to the medical care provider and wait seven to 10 days for reimbursement.
Some estimates on pricing: Even though the insurance is an annual policy, in trying to keep with a similar length of time for comparison pricing between the travel insurance providers, we opted for a quote of the quarterly price. You need to realize that this is solely for medical insurance, but now we are dealing with comprehensive health insurance, like one would have at home, including wellness visits and routine check-ups.
For our 20-year-old globetrotter with no pre-existing conditions who do not opt for the dental plan, we have a quarterly premium of $884 with a reasonable $200 deductible. If you opt for the dental plan, the quarterly premium rises to $1,009. For an individual who is 60 years of age with no pre-existing conditions and the $1,000 deductible, we have a cost of $4,468 with the dental plan inclusive.
6. Allianz Global Assistance
Allianz is a reputable company, they have been in business for a long time and they are well regarded. They are known for their large array of packages for travelers.
- Allianz Travel Easy – Oversea Annual offers up to $1 million in emergency evacuation coverage, $5,000 in baggage loss or damage claims, $2,000 of travel delay coverage and pre-existing medical condition coverage availability.
- You can’t buy the coverage for canceling your trip for any reason.
- Their packages are fixed in their offerings, but there are a wide variety of packages.
- Their plans are higher priced.
- Their customer service could be better.
- In order to have the coverage, you have to buy it before you leave on your trip.
- Does not cover medical emergencies related to COVID-19.
Some estimates on pricing: Allianz Travel Easy Plan for the 18-70-year-old costs $1,090 for 180 days of travel. The price is dependent upon the cost of your trip.
7. IMG Global
IMG’s travel insurance packages have many of the features that others provide but at a very affordable price. They have a number of packages. For nomads who simply want medical insurance coverage and don’t feel the need for the rest, the best package is called “Global Medical Insurance.” The “iTravelInsured Travel Insurance” caters to digital nomads who are in far-flung regions of the world and are active and adventurous.
- The cost to renew your policy is much cheaper than with the other insurers.
- If you want the coverage to ski, bungee jump, ride in helicopters and go scuba diving, this is your company. If you get lost, they will provide $10,000 for a search and rescue team.
- You get $500,000 in emergency medical coverage (!) and $1 million in medical evacuation coverage.
- Cancel for any reason or interruption for any reason coverage is included without an extra fee.
- Their customer service is stellar.
- They have a wait time before you can claim lost baggage or trip cancellation. It’s excessive and leaves customers out in the lurch a bit.
- The health coverage package is not primary coverage, so you need to have coverage in your home country as well in order to qualify.
- U.S. citizens are not allowed to return home while the policy is in force. Nationals of other countries are only allowed 14 days, otherwise, they cancel your policy.
- They do not directly bill medical providers, so you will have to foot the fee and wait for reimbursement.
- The coverage is based on the amount you plan to spend on your trip.
Some estimates on pricing: For a $4.000-budget trip the coverage for the Travel LX policy costs the 20-year-old $239.44 for the 90 days. For our 60-year-old, they can expect to pay a premium of $3,396.91 for a trip the same length, so there is a bit more of a price differential here by age.
As you can see, there is a lot of variety in the offerings of travel insurance coverage for digital nomads. You have to consider your length of stay if you have and will maintain insurance in your home country, your age, pre-existing medical conditions and the types of activities you will engage in on your trip. Some may opt for international medical insurance only, if they may be considering not returning home.
Which travel insurance covers you for COVID-19 (Coronavirus)?
Safety Wing remote health insurance covers you for all medical expenses related to COVID-19 (Coronavirus) hospitalization.
Safety Wing covers you also with Digital Nomad Insurance basic monthly plan.
Why Do I Need Nomad Travel Insurance?
Emergency medical coverage: Health is the most important thing you have! When traveling, medical expenses are always higher for travelers in a foreign country, including developing countries. If something serious happens, you might not get treatment or you can end up in serious debt.
A basic travel insurance policy should cover at least $50,000 in emergency medical expenses. You can usually add upgrades for more coverage of up to $100,000.
Emergency medical evacuation coverage: If you are going somewhere isolated with poor medical infrastructure, then you may need to get evacuated back home for treatment. Travel insurance covers this as well.
Loss, theft, and damage coverage: If your laptop, an expensive video camera or any of the rest of your electronics that are your “work gear” get stolen, damaged or lost, you will need the resources to cover the cost! Travel insurance will pay from $500 to $1,000. You can usually buy a package that will cover even more expensive items.
Trip interruption or cancellation coverage: People traveling to Hong Kong in summer 2019 probably had no idea that they might have a lot of difficulties leaving one of the world’s financial centers, as protesters blocked departures from the international airport.
Civil unrest, travel companies that go out of business that you prepaid or personal circumstances, such as hospitalized family members can force you to cut your trip short. Travel insurance will cover such changes in plans. In the case of political unrest, non-medical evacuation coverage can save your life.
If you are young, it’s far less expensive: If you are a young traveler in good physical health, the cost of your travel insurance will be cheaper than for someone who is older and has pre-existing health conditions.
As you can see, travel insurance is not optional, it really is a necessity for a traveler’s peace of mind as well as for their financial and medical security and safety.
We hope you’ve found some useful information about digital nomad travel insurance plans. If you have some additional information, feedback or any other suggestions. Feel free to leave a comment in the section below. Thank you 🙂