With 10 plans to choose from, Allianz Travel Insurance makes it easy to get the right policy for your upcoming trip — whether that's minimal coverage for emergencies, a more comprehensive plan for an adventure vacation or a multi-trip policy for frequent travelers.
We like how Allianz's AllTrips Executive plan is tailored to business travelers, covering both rental cars and lost, delayed or damaged business equipment.
It's Allianz's Cancel For Any Reason (CFAR) coverage that landed it on our best travel insurance list: The optional add-on reimburses up to 80% of prepaid, non-refundable trip costs — considerably higher than many competitors.
Allianz Travel Insurance
Cost
The best way to estimate your costs is to request a quote
Policy highlights
10 travel insurance plans to customize your coverage. Allianz's OneTrip Prime and Premier policies cover one child age 17 or younger when traveling with a parent or grandparent.
24/7 assistance available
Yes
Read our review of Allianz Travel Insurance
Pros
- OneTrip Prime and Premier plans cover one child under 17 for free
- Cancel For Any Reason coverage reimburses 80% of nonrefundable trip costs.
- 15-day review period is longer than most
- Pre-existing medical condition waiver available with all plans
Cons
- Rates are higher than the national average
- Limited options for adventure travel
- CFAR insurance must be purchased through a travel agent
- No discounts available
Allianz Travel Insurance review
- Allianz Travel Insurance pros and cons
- Allianz Travel Insurance coverage
- Allianz Travel Insurance features
- How Allianz compares to other travel insurance
- Is Allianz Travel Insurance worth it?
- FAQs
Allianz Travel Insurance pros and cons
Pros
- OneTrip Prime and Premier plans cover one child for free when traveling with a parent or grandparent
- Cancel For Any Reason benefit reimburses 80% of nonrefundable trip costs
- OneTrip Premier plan offers up to $1 million in emergency evacuation coverage
- Pre-existing medical condition waiver available with all plans
Cons
- Limited options for adventure travel
- CFAR insurance must be purchased through a travel agent
- No discounts available
Allianz Travel Insurance coverage
Allianz Travel Insurance has 10 single- and multi-trip policies, giving travelers plenty of coverage and cost options. The popular OneTrip Prime plan covers trip cancellation/interruption, baggage delay/loss, emergency transportation and other key needs for a single trip of up to 180 days.
The AllTrips Executive plan is a multi-trip policy designed for business travelers, with higher trip cancellation and interruption limits and coverage for business equipment. You can also opt for OneTrip Rental Car Protector if you need primary car rental coverage against collision, loss or damage.
Here are the types of coverage you can find in Allianz policies, although options and limits vary by plan.
- Trip cancellation
- Trip interruption
- Medical emergency and transportation
- Travel delay
- Baggage loss, damage or delay
- Travel accident
- Pre-existing condition waiver (available with all plans if purchased within 14 days of first payment)
- Change fees (reimburses you if the airline charges you for changing flight date)
Allianz Travel Insurance features
Founded in 1890, Allianz has a number of standout benefits.
Cancel For Any Reason (CFAR) insurance
One of the features that made Allianz one of CNBC's top travel insurance companies is its generous CFAR add-on, included with OneTrip Prime and Premier plans. You can get reimbursed for up to 80% of your pre-paid nonrefundable trip costs, which is more than many competitors.
Free coverage for kids
OneTrip Prime and Premier plansinclude coverage for one child 17 or younger traveling with a covered adult. (Not available to Pennsylvania residents.)
Automatic trip and baggage delay payment
Allianz Travel'sSmartBenefits program will automatically pay out $100 a day without you having to submit receipts.
24/7 travel assistance
Allianz's multilingual agents can help rebook hotels and flights, connect you to medical or legal care and replace lost or stolen travel documents.
TravelSmartapp
Allianz's mobile app lets youcheck flight information and travel advisories, get details on local hospitals and emergency services and pull up your plan if you need to file a claim.
How Allianz compares to other travel insurance
Allianz Travel is a solid choice for travel insurance but it always pays to compare providers.
| Allianz OneTrip Premier | AXA Assistance USA Gold | AIG Travel Guard Preferred | |
|---|---|---|---|
| Trip cancellation | 100% | 100% | 100% |
| Trip interruption | 150% | 150% | 150% |
| Emergency medical | $75,000 | $100,000 | $50,000 |
| Medical evacuation | $1 million | $500,000 | $1 million |
| Missed connection | $1,000 | $1,000 | $1,000 |
| Lost baggage | $2,000 | $1,500 | $2,500 |
| Trip delay | $1,600 | $1,000 | $1,000 |
| Baggage delay | $600 with 12-hour waiting period | $300 with 24-hour waiting period | $300 with 24-hour waiting period |
| Pre-existing medical condition waiver | Yes | Yes | Yes |
| Cancel for Any Reason add-on | 80% of nonrefundable trip costs | No | 75% of nonrefundable trip costs |
Allianz Travel vs. AZA Assistance USA
Allianz Travel and AXA Assistance USA are among our top picks for travel insurance and the two carriers have comparable limits for trip cancellation and trip interruption.
AXA Assistance USA Travel Insurance
Cost
The best way to estimate your costs is to request a quote
Policy highlights
AXA Assistance USA offers several travel insurance policies that include travel interruption, trip cancellation, and the option of cancel for any reason (CFAR) coverage.
24/7 assistance available
Yes
There is a difference with baggage protection: AXA's mid-level Gold plan caps lost luggage at $1,500, while Allianz's OneTrip Premier will reimburse you up to $2,000. If your bags are delayed, Allianz will pay out up to $600 after a 12-hour wait. AXA, meanwhile, will pay you half as much and make you wait twice as long.
AXA does outpace Allianz on emergency medical coverage, with a maximum benefit of $100,000.
If you want the reassurance of a Cancel For Any Reason benefit, Allianz's OneTrip Premier plan offers it as an add-on that pays 80% of nonrefundable trip costs. AXA doesn't offer CFAR coverage with its Gold plan.
Allianz Travel vs. AIG Travel Guard
AIG Travel Guard's Preferred plan is comparable to Allianz's Premier offering, with the same maximums for cancellation and interruption, missed connections and medical evacuation.
Travel Guard® Travel Insurance
Cost
The best way to estimate your costs is to request a quote
Policy highlights
Travel Guard offers a variety of plans to suit travel ranging from road trips to long cruises. For air travelers, Travel Guard can help assist with tracking baggage or covering lost or delayed baggage.
24/7 assistance available
Yes
Both plans have optional CFAR coverage, though Allianz's limit is slightly higher.
Once again, Allianz offers more protection if your luggage is delayed. If your items are lost or stolen, however, Travel Guard's payout cap is $500 higher.
Is Allianz Travel Insurance worth it?
Allianz Travel Insurance can be a smart investment for many kinds of people, including business travelers who need multi-trip plans and families looking for free coverage for kids under 17.
If you're unsure about your health, Allianz offers a waiver for preexisting conditions and an optional Cancel For An Reason add-on that reimburses 80% of nonrefundable trip costs. Unfortunately, the CFAR benefit can't be ordered online — you have to work with a travel agent.
We recommend gathering several quotes and comparing plans before you purchase travel insurance. As with any financial product, it pays to shop around.
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FAQs
When should I get travel insurance?
You can buy a travel insurance policy up until the day before your departure, but experts recommend doing it as soon as possible. Not only does it mean one less thing to worry about, but some options, like Cancel For Any Reason insurance, have specific deadlines.
Does Allianz cover pre-existing medical conditions?
Allianz does offer a waiver for pre-existing medical conditions. It must be purchased within 14 days of your first trip payment. The look-back period is 120 days before your plan purchase date.
Does Allianz offer Cancel For Any Time insurance?
Allianz offersCancel For Any Reason insurance, that pays out up to 80% of your nonrefundable trip costs. You'll need to buy this optional add-on within 14 days of your first trip deposit and it will remain in effect until 48 hours before your departure.
Can I cancel my Allianz policy?
Allianz's review period gives you 15 days to request a full refund (or longer, depending on the state you live in). To be eligible for a refund, you can't have started your trip or filed a claim.
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At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every travel insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of travel insurance products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
