Travel insurance is your safety net if anything goes awry overseas. Find the right policy with our buying guide and compare a range of comprehensive policies.
We surveyed 38 comprehensive travel insurance policies and found premiums can vary by more than $700 depending on your age and destination. That’s an extra night of five-star accommodation in Manhattan. Compare the premiums with our calculator and learn what to look for in a policy, plus the common traps to avoid.
We've made these assumptions:
Some insurers offered a discount if we booked our cover online. We accepted this discount.
ACC and the health system still cover you when you're on holiday in New Zealand – and most contents-insurance policies will cover your belongings.
But you may want to get domestic travel insurance cover for cancellation fees and lost deposits, travel delays, missed connections, and rental-vehicle excesses.
There can be hassles with domestic travel insurance. For example, insurers may not pay for baggage claims that could be covered by your contents policy.
If you’re a renter and need a contents-only policy, MAS is worth checking out (if you qualify for its cover). Its premiums are near or below the median price and haven’t increased significantly since our last survey. Our members rate its customer service highly too.
FMG also offered bang for buck with the cheapest premiums in Auckland and Hamilton, and the second cheapest in Dunedin. However, FMG didn’t provide us with quotes for Wellington and Christchurch as they’re outside its underwriting criteria. Elsewhere, cover is only available in rural and provincial locations.
TSB had the cheapest prices in Christchurch and Dunedin.
Westpac and Youi both had high prices. Youi’s Wellington contents-only premium was more than double the median and Westpac’s Auckland price was $555 more than the cheapest price (FMG’s).
Credit card travel insurance has similar benefits and limitations to comprehensive policies. However, there are fish-hooks to watch for: