Allianz Travel Insurance is a standout provider, offering comprehensive coverage and flexible policies to suit a wide range of travelers. In our review, we cover the various plan options, coverage limits, and costs for Allianz Travel Insurance.

Allianz travel insurance rating

Best travel insurance ranking: #1

Best travel insurance title: Best overall

Star rating: 4.8 out of 5

Allianz Travel Insurance is our best overall travel insurance provider, earning one of the highest scores in our internal review and comparison of popular travel insurance companies. Allianz offers plenty of plan flexibility, strong financial backing, and a transparent, customer-centered insurance experience.

Read more about our methodology: Best travel insurance companies

Allianz travel insurance pros and cons

What does Allianz travel insurance cover?

Allianz offers these types of coverage (note that specific coverage depends on the plan):

Trip cancellation, interruption, or delay

• Trip cancellation: Reimburses for prepaid, nonrefundable expenses if you cancel for a covered reason.

• Trip interruption: Reimburses you for unused, nonrefundable trip expenses and for transportation costs to return home if you interrupt your trip for a covered reason.

• Travel delay: Reimburses you for expenses due to covered delays of six hours or more.

Medical expense protection and emergency evacuation

• Emergency medical and dental: Reimburses for covered medical and dental emergencies during your trip.

• Emergency transportation: Arranges and pays for medical transportation to an appropriate medical facility and costs to get you home.

Personal belongings

• Baggage loss/damage: Covers loss, damage, or theft of baggage and personal effects.

• Baggage delay: Reimburses you for reasonable essential items during your trip if your baggage is delayed or misdirected by a common carrier. There is a minimum 12-hour delay requirement, and you will be required to submit receipts for your purchases.

Other coverage

• Rental car theft and damage: Provides primary collision and loss coverage for covered rental vehicles.

• Business equipment: Covers the reasonable replacement or repair of business equipment that has been lost, stolen, damaged, or delayed.

• Business equipment rental: Covers the reasonable costs of renting replacement business equipment if yours has been lost, stolen, damaged, or delayed.

• Change fee: Reimburses date change fees for flights.

• Travel accident: Provides cash payment for covered losses due to death, loss of limb(s), or sight as a result of a covered travel accident.

• Loyalty program redeposit fee: Provides coverage if there’s a loyalty program redeposit fee for a covered trip cancellation.

• Epidemic coverage endorsement: Adds covered reasons to select benefits for certain losses related to COVID-19 and any future epidemic.

• 24-hour hotline assistance: Provides multilingual support 24 hours a day.

• Concierge: Provides personalized travel assistance with reservations, event tickets, and more.

Read more: Does travel insurance cover illness? It depends.

Allianz travel insurance add-ons

• Cancel Anytime: This is Allianz’s name for its cancel for any reason (CFAR) coverage. It’s available on the OneTrip Prime and OneTrip Premier plans and can reimburse 80% of nonrefundable costs.

• Preexisting medical condition: Certain plans allow you to add this waiver to provide coverage for preexisting medical conditions. To qualify, you have to purchase your plan within 14 days of making your first trip payment or deposit.

• Required to Work: This allows you to add trip cancellation and interruption coverage for work-related emergencies.

• OneTrip Rental Car Protector: This provides primary rental car insurance coverage for collisions, loss, and damage up to $75,000. You can purchase this as standalone coverage or as an add-on to a single-trip policy.

What does Allianz travel insurance not cover?

• Preexisting medical conditions: Unless you have a preexisting medical condition exclusion waiver, which Allianz offers, you won’t be able to cancel or interrupt your trip for issues with a preexisting condition.

• Non-covered cancellations or interruptions: If your reason for canceling or interrupting your trip isn’t counted as a covered event or reason, your claim will be denied. You can see the list of exclusions in your policy’s terms and conditions, so look at that before you purchase anything.

• Known events or foreseeable circumstances: Foreseeable events are generally excluded in Allianz policies. For example, if you purchase a travel insurance policy and there is already a high chance of severe weather, such as a tropical storm, disrupting your trip, this may not be a valid reason to use it later.

• High-risk activities: Dangerous sports and activities, such as bungee jumping and free diving, are generally excluded from travel insurance policies unless you pay for an optional upgrade or add-on.

• Pregnancy: What is deemed as “normal pregnancy or childbirth” is excluded, except under certain trip cancellation coverage.

Be sure to review your policy in detail to understand the full list of exclusions.

Allianz travel insurance plans and coverage limits

Single-trip plans

These are one-off plans valid for a single trip.

• OneTrip Basic: This plan caps trip cancellation and interruption coverage at $10,000.

• OneTrip Prime: This is a mid-tier plan that maxes out at $100,000 in trip cancellation coverage and $150,000 in trip interruption coverage. You can add Cancel Anytime coverage to this policy.

• OneTrip Premier: This is a top-tier plan that maxes out at $200,000 in trip cancellation coverage and $300,000 in trip interruption coverage. You can add Cancel Anytime coverage to this policy.

• OneTrip Emergency Medical: This policy provides medical, baggage, and travel delay coverage. It doesn’t include trip cancellation or interruption coverage.

• OneTrip Cancellation Plus: This is a bare-bones policy that covers trip cancellation, trip interruption, and travel delays.

• OneTrip Rental Car Protector: This is a bare-bones policy that covers rental cars, baggage, and trip interruption.

Annual plans

These are annual plans that essentially cover any trips you take over the course of a year. However, each individual trip is only covered for up to 45 days.

• AllTrips Basic: This is a basic annual plan that doesn’t include trip cancellation or interruption coverage and generally has low limits for other types of coverage.

• AllTrips Prime: This is a mid-tier annual plan that provides up to $3,000 in trip cancellation and interruption coverage.

• AllTrips Premier: This is a top-tier annual plan that provides up to $15,000 in trip cancellation coverage and up to $2,000 in trip interruption coverage.

• AllTrips Executive: This is a top-tier annual plan with included business equipment coverage for business travelers. This policy provides up to $10,000 in trip cancellation coverage and up to $5,000 in trip interruption coverage.

Coverage limits

How much does Allianz travel insurance cost?

We compared travel insurance quotes on the Allianz website. We input a traveler aged 35 from Iowa with a domestic (USA) trip destination. For the OneTrip plans, we set the total trip cost to $5,000 and the total trip length to two weeks.

In general, travel insurance typically costs 4% to 10% of your total trip cost. For a $5,000 trip, that could mean paying between $200 to $500 for coverage, which aligns with our findings above.

However, your final price may be influenced by:

• Total trip cost: In general, the higher your trip cost, the higher your insurance premiums will be. An exception is if you don’t plan to include trip interruption or cancellation coverage.

• Age: Travel insurance premiums tend to increase the older you are.

• Destination: Your trip destination typically doesn’t affect your insurance premiums unless you have to include specific coverage for a dangerous area or activity.

• Coverage limits: Higher coverage limits generally increase your cost.

• Plan type: Choosing between a single or annual plan can affect your overall price. In some cases, an annual plan may be more cost-effective, but it may offer lower per-trip coverage limits than a one-trip plan.

• Add-ons: Adding endorsements and upgrades, such as CFAR coverage, will increase your policy cost.

Allianz Travel Insurance FAQs

Does Allianz travel insurance offer CFAR coverage?

Yes, Allianz offers a Cancel Anytime upgrade on select plans, allowing travelers to receive up to 80% back on nonrefundable trip expenses. This is an optional upgrade that you can add to OneTrip Prime and OneTrip Premier plans.

What is the Allianz travel insurance “free-look” period?

Allianz travel insurance includes a 15-day free review period on all of its plans. This means you have 15 days to review the policy documents and, if you aren’t satisfied or change your mind, you can cancel your policy for a full refund. However, you may not be able to cancel for free if you’ve already departed on your trip or have filed a claim.

Can you get a preexisting condition waiver with Allianz travel insurance?

Yes, the preexisting condition waiver is available on multiple policies if you meet certain requirements, including purchasing your plan within 14 days of making your first trip payment or deposit.

Is Allianz a good company for travel insurance?

Allianz is an excellent travel insurance company known for its comprehensive coverage and flexible plans. Both frequent and occasional travelers can find the coverage they need with Allianz’s extensive offerings.

Does Allianz deny claims?

Yes, Allianz will deny your claim if your situation isn’t covered. It’s essential that you carefully review your policy’s terms and conditions and submit all required documents to reduce the likelihood of having your claim denied.

What company owns Allianz Travel Insurance?

Allianz travel insurance is a part of AGA Service Company, which does business as Allianz Partners or its affiliates.