Are you looking for the most affordable travel insurance for digital nomads? Then you’ve come to the right place. This article will feature possibly the most affordable travel health insurance you can get as a digital nomad in the new decade. But before giving away which travel insurance is the most affordable let’s talk about why it’s essential to have travel insurance.
The travel industry will never die because people will never stop traveling. We, humans, have an inner traveler whether we like it or not (granted certain people are conditioned to stay in one place their entire lives). Enter travel insurance. It has become a must-have for anyone that travels, whether it’s for business, pleasure, or medical purposes. People need travel insurance. Why? Because things happen, and in most cases at the worst possible time. Ever heard someone on their Facebook timeline or Instagram story post this quote? Or did you watch the movie Interstellar? “Anything that can go wrong will go wrong” - Murphy’s Law (Don’t worry, I had to Google that too).
Now, let’s not be too pessimistic. Traveling is a positive thing. It’s a chance to discover new places, experience new things, taste new foods, meet new people, and make new friends. Each new experience makes us grow as humans. For instance, some of the most memorable experiences I’ve had, have been when traveling. For example, when I lived in Portugal and celebrated New Year’s Eve in the beautiful surfing town of Ericeira. When I flew to Tokyo for the Mikkeller Beer Celebration Tokyo, had craft beer from all over the world and ate a new type of ramen every day. Or when I went on a business trip to Kutaisi in Georgia (the country, not the US state) and had way too much vodka with the locals. And many more adventures that I won't get into right now.
I wasn't involved in any accidents during my adventures, nor did I lose anything, which I'm very happy about (knock on wood). But what if something did happen? What if I didn't have travel insurance? In my home country, Norway, we have a running joke (directly translated): nice to have. There's even a song about it. You can listen to it here. It means that we always keep things, because it might be useful in the future. Travel health insurance is not one of those things. It is nice to have for us digital nomads. It removes a lot of stress and makes our travel experience better - one less thing to worry about.
Since most of us can agree that travel insurance is essential to any traveler - on to the real question of this article: Who offers a reliable, flexible, and affordable travel insurance? Continue reading to learn about this company, which quite possibly, offers the most affordable travel insurance for digital nomads.
An affordable travel medical insurance
SafetyWing offers a travel medical insurance that's been designed by nomads, for nomads. Location-independent individuals usually don't have access to the same coverage or national safety nets as "most people," which creates a need for travel insurance that fits yours and my needs. Their product consists of a combination of travel and medical coverage. This means that if you choose SafetyWing travel medical insurance, you'll not only get access to a qualified global network of hospitals and doctors for unexpected medical problems and accidents, but will also benefit from some regular travel coverage items.
Their insurance includes coverage for:
- Lost checked luggage
- Personal liability
- Travel delay
- Emergency response & natural disasters
- Emergency medical evacuation
- And much more
Ready to sign up already? Click here to get your travel medical insurance with SafetyWing. Not quite sure yet? No problem. Keep reading to learn more about the key features of their travel medical insurance.
SafetyWing has added updated information regarding coverage for the Coronavirus (Covid-19) on their website. Click here and go to their Coronavirus page to learn more.
An excellent option for digital nomads
Why is SafetyWing's travel medical insurance such an excellent option for digital nomads? I've highlighted 10 (!) reasons you may want to choose this company for your upcoming or current travels.
It's a highly affordable option for digital nomads. It's only $37 for four weeks, and an added $31 if you want U.S. coverage. This makes it 1/3rd of the cost of similar plans offered by other insurance companies.
2. Buy while already traveling
You can purchase the travel medical insurance while already traveling, and with no cap on the duration of your travels.
Just like subscribing to Spotify or Netflix, you can take up the insurance as a subscription. You can arrange for it to renew and be paid automatically every 28 days until you pick an end date.
4. Low yearly deductible, and no deductible at all on certain claims
They'll cap your deductible at only $250 per policy period (keep your subscription running and that's it for one year). And certain types of claims will even have no deductible at all, such as emergency medical evacuation, repatriation of remains, emergency dental, crisis response, emergency reunion, bedside visit, trip interruption, accidental death, dismemberment, lost checked luggage, travel delays, personal liability and much more.
5. Private health care
You won't have to choose a public hospital in a third world country. You can opt for private hospitals with the best doctors.
6. Direct billing at most hospitals
They support direct billing at most hospitals in their wide-ranging network.
7. Home country coverage
For every 90 days, you can be covered in your home country for 30 days (15 days if your home country is the United States, and you cannot start in your home country).
8. Add a child without added costs
You can add children aged between 14 days and 10 years old without any additional costs (One child per adult, up to two per family).
Tokio Marine, which is one of the largest insurance companies in the world, administers SafetyWing's policy. Moreover, SafetyWing is a Y-Combinator company. This substantiates their claim of being a reliable provider.
10. Group travel
Are you traveling as a group, or maybe as a family? You can easily buy this travel medical insurance for your whole travel group.
We hope you found this article both enjoyable and useful! Hopefully, it can save you time and money. If there's any information you think should've been mentioned in this article, feel free to send us an email via our contact form. You may also contact us if you've found other similar insurance companies that offer affordable travel insurance. We'd love to expand this article with more affordable travel insurance options for digital nomads.