Single Trip Travel Insurance

All you need to know about insuring your trip.

Single Trip Travel Insurance

Whether it’s a long-awaited family vacation or an important business trip, our travel plans are the last things that we want to be disrupted by unexpected incidents.

While some things are simply beyond our control and there’s no way of avoiding them, at least with the right travel insurance policy in place you can limit the downside of such events and worry less.

Here, you can find an overview of all of the information you need to start thinking about when taking out single trip travel insurance cover and compare insurers to find the right one for you.

What is single trip travel insurance and how does it work?

Single trip travel insurance is a travel insurance product that provides cover for one particular trip between two set dates and is the most common form of travel insurance. Contrary to an annual policy which offers coverage for multiple trips across a twelve-month period, a single trip policy is a cheaper alternative for those who travel less regularly. These policies can be taken out for individuals, groups and families.

This type of policy is applicable to both domestic and international travel, and generally provides cover for emergency health care and hospital bills, lost or stolen luggage, personal liability, cancelled travel plans and other emergencies. These policies can help you to weather unexpected events and costs while travelling, keep you safe while you’re overseas, and provide you with flexibility in the case of your holiday being cancelled prior to your departure or being unfortunately cut short.

Not all policies provide the same level of cover, so it is important that you weigh up what’s most valuable to you and find a policy to suit. For example, some policies might offer up to $5,000 of cover for lost or stolen luggage, which for most people would suffice. However, for those travelling with expensive items, a far higher cap on this cover would be necessary – say, $15,000.

Furthermore, some policies will cover the cost of drastic events such as death or evacuation for natural disasters, while others won’t. By taking out a policy as early as possible in the lead up to your departure, you will be covered for any events which occur that disrupt your plans right up until you leave home.

What does single trip travel insurance cover?

Inclusions Exclusions
Single trip domestic cover

Lost luggage:

Lost or stolen luggage up to a certain value, e.g. $5,000.

Cancellations and delays:

Extra accommodation as a result of delayed flights, new train tickets etc.

Personal liability:

Covering injury or damaged caused by your person up to a certain amount.

Rental car excess:

Cover for damage caused to a rental vehicle.

 

Multiple trips over the course of a year:

Only covers you for one trip, contrary to an annual policy.

Health care and medical bills:

Australians, New Zealanders and British citizens have free public health care in Australia.

Single trip international cover

Lost luggage:

Lost or stolen luggage up to a certain value, e.g. $5,000.

Cancellations and delays:

Extra accommodation as a result of delayed flights, new train tickets etc.

Personal liability:

Covering injury or damaged caused by your person up to a certain amount.

Rental car excess:

Cover for damage caused to a rental vehicle.

Health care and medical bills:

Emergency treatment, hospital stays and medicine.

Death:

Covers all costs associated with your death such as recovery and transport of your body.

Repatriation/evacuation:

Covers the cost of emergency trips home in the case of a natural disaster or other events.

Multiple trips over the course of a year:

Only covers you for one trip, contrary to an annual policy.

Explained: the cost of single trip travel insurance, explained

The details which determine the price of your polic

Pros and cons of single trip travel insurance

We weigh up the benefits and downsides so that you don’t have to

PROS

No ongoing commitment to providers

You can change insurers after your policy elapses if you wish to try other providers.

Senior cover

Easier to receive cover as a senior person.

CONS

Not suited to frequent travel

Less cost-efficient if you do end up booking extra trips at a later date in the same year, and purchase new policies for each of these.

Won’t adjust to changing plans

If your plans change, you will need to update your policy as it will only cover you for the predetermined dates.

Top tips for saving money on single trip travel insurance

Check out our tips to cut down on your single trip travel insurance premiums

Evaluate your needs

Think carefully about how much cover you need. Taking out an excessive policy will lead to you paying a higher premium than necessary, while on the other hand, taking out a policy which does not provide you with enough cover and leave you in a bad situation when and if something does go wrong.

Travel to more insurable areas

Choosing to travel in places that are typically considered less safe, or have expensive health care such as the United States of America, will result in higher premium. Consider choosing areas such as the United Kingdom or Western Europe, where you’re more likely to be covered for your health and medical costs whilst overseas.

Travel during off-peak seasons

Because crime rates tend to spike during peak tourist seasons, premium costs for policies will also. If you decide to plan your trip during off-peak periods, such as South-East Asia’s rainy season or the European winter, you may save on your premium.

Pay a higher excess

Consider opting to pay a higher excess in exchange for a lower premium. The chances of having to make a claim on your policy are generally very low, so paying a higher excess in the event that you make a claim might be an acceptable trade-off in exchange for a lower up-front cost.

Be a bargain hunter

Keep an eye out for deals, specials and loyalty discounts. Many insurers will periodically offer promotional arrangements which can allow you to travel for less thanks to low-cost premiums.

Your single trip travel insurance queries answered

Need to know more before making your decision? Check out these frequently asked questions

Can I get single trip travel insurance for a one-way trip?

Single trip travel insurance is applicable to all trips regardless of whether these are one-way or return trips. For one-way trips, you will be insured for travel from your point of departure until you have passed through immigration at the airport in your final destination. In some instances, you can extend your one-way trip cover for up to 365 days while you remain overseas, however this extension will not apply to any return trip which you book in the meantime, or trips to a third destination.

For travelers already overseas and wishing to return home to Australia, one-way trip insurance can be arranged for your return journey also, if you are not already insured.

What single trip travel insurance should I get if I’m trying to travel cheaply?

For those who wish to travel on a budget, the most appropriate type of single trip travel insurance would be a basic policy that offers only minimal cover, but enough to make sure that you’ll be okay in the case of an emergency. These basic policies generally cover medical expenses only, but some may also offer lost luggage, cancellations and personal liability coverage. These will leave out extras such as rental vehicle insurance and death, which is reflected in the premium.

How should I compare single trip travel insurance?

The best place to start with comparing single trip travel insurance is to use Savvy’s online comparison tools. Once it’s provided you with a short list of options, you can find which policy will be best for you by comparing the premium price of each policy. As well as the premium, you should take note of the different areas of cover for each policy, as well as the cap on claims. You should also look for any requirements regarding policy cancellations (and whether there is a fee for doing so) and minimum and maximum excess.

How do I know if single trip travel insurance is the best choice for me?

A good way to determine if single trip travel insurance will be the best travel insurance option for you is to consider whether or not you are likely to travel less than three times, within the upcoming twelve-month period or not. As a rule, annual travel insurance works out to be the most affordable option for people who travel three times per year or more. While you might be tempted to take out an annual policy on the off-chance that you do travel more within the next twelve months, it is generally a good idea to approach this decision based on what you already know to be a certainty rather what might come in the future.

Can I get single trip travel insurance for my whole family?

Yes – these policies can actually be quite beneficial, as they work out to be more affordable compared to taking out several individual policies for each member of your family. It is common for family policies to allow for two parents and/or guardians, as well as four children below the age of 21. While family policies offer great value, it might still be worth checking to see if young children are included for free under your individual policy if they are accompanying you, as some insurers do offer this feature.

Does single trip travel insurance for a family apply for other travel companions?

While your non-relatives cannot be insured alongside you under a family policy, single trip policies do exist which can provide cover for other types of groups such as a group of friends planning a road trip together or colleagues travelling together for business. The same benefits apply to your group policy as are applicable to family policies, including cost efficiency and ease of policy management. Bear in mind that if one member of your group is an elderly person, or has underlying medical conditions, this person might not be eligible for cover under your group policy and might need to take out an individual policy.