Allianz Travel Insurance Review

Pros Explained

• Large variety of travel insurance plans: Allianz Travel offers 10 different single- and multi-trip plans. Within these categories, there are multiple plan options ranging from basic low-cost plans to premier plans with top-notch coverage and perks.
• Excellent multi-trip coverage: If you expect to take numerous trips over the upcoming year, Allianz Travel offers plans that cover all of them under one flat fee. That way you don’t have to go through the hassle of purchasing travel insurance for every trip.
• Some plans cover family members at no extra charge: The Allianz Travel OneTrip Prime plan covers a child or grandchild under the age of 18 at no extra charge. Its AllTrips Premier plan covers all members of your household, even if they are traveling separately.
• 24/7 customer service: If you need help, including emergencies during a trip, Allianz Travel provides 24/7 service by phone. Several of its plans include a concierge service to help with booking restaurant reservations or getting tickets to a show.
• Mobile app provides helpful travel information: The Allianz Travel mobile app, TravelSmart, provides an easy way to manage your policy. During your trip, you can use the app can find medical facilities, get local emergency numbers, and translate medical terms in 18 languages.

Cons Explained

• “Cancel for any reason” coverage not included: While Allianz Travel offers cancel-for-any-reason coverage as an optional benefit, many of its plans don’t include it. Some other travel insurance companies, like AXA, offer cancel-for-any-reason policies.
• Low medical coverage limits: Allianz Travel's most popular OneTrip Prime plan only covers medical up to $50,000 per person. That’s relatively low compared to similar travel insurance plans offering $100,000 or more in coverage. 
• Day limit for multi-trip plans: Most Allianz Travel multi-trip plans only cover trips that last 45 days or less. Its Premier plan covers longer trips, but only up to 90 days.
• Only accepts payment by credit cards and PayPal: You cannot pay for Allianz Travel plans by check or mobile pay.

Third-Party Ratings

AM Best is a credit rating agency that provides financial strength ratings, which can indicate the likelihood of an insurer paying out claims. Allianz Travel policies are underwritten by two other insurers: BCS Insurance Company and Jefferson Insurance Company. BCS Insurance Company has an A (Excellent) AM Best rating, and Jefferson Insurance Company has an A+ (Superior) rating.

Policies Available

Allianz Travel breaks down its policies into three categories: single-trip, annual/multi-trip, and rental car insurance. If you plan on living abroad for an extended stay, consider health insurance for expats in addition to a long-term travel insurance policy or instead of one.

Single Trip

An Allianz Travel single trip plan only lasts for one trip. The cost depends on where you’re going, the length of the trip, your age, and your trip cost. There are also different plan options based on how much coverage you want.

• OneTrip Premier: If you want the most protection, OneTrip Premier, Allianz’s top-tier plan, is a good choice. It covers up to $75,000 for emergency medical, $1 million for emergency medical transportation, $2,000 for lost or damaged baggage, $600 for baggage delay, $200,000 for trip cancellation, and $300,000 for trip interruption. It’s the only Allianz Travel plan which covers cancellation due to a National Oceanic and Atmospheric Administration (NOAA) hurricane warning. Additionally, the plan covers trips up to 366 days long.
• OneTrip Prime: Allianz Travel’s most popular plan, it includes cancellation coverage up to $100,000, emergency medical up to $50,000 per traveler, lost baggage up to $1,000 per traveler, and expenses from trip delays $200 per day, up to $800 total.
• OneTrip Basic: This plan covers the same categories as OneTrip Prime, but with lower coverage limits: $10,000 for cancellation, $10,000 for emergency medical, and $500 for lost baggage. It’s also missing certain travel perks, like access to Allianz Travel’s concierge service.
• OneTrip Emergency Medical: With this plan, you are only covered for issues that happen during a trip, like medical emergencies and lost luggage. However, the plan does not provide trip interruption and cancellation coverage.
• OneTrip Cancellation Plus: This minimal plan only covers the cost of a canceled or interrupted trip, for eligible reasons. It doesn’t pay for medical bills or lost luggage during your trip.

Annual/Multi-Trip

These Allianz Travel insurance plans cover all your trips for one year. Each trip can last no more than 45 days (except for Premier which covers trips up to 90 days). What’s covered and coverage limits depend on the plan you choose.

• AllTrips Premier: Allianz Travel’s most high-end multi-trip plan, it covers trips lasting up to 90 days, versus 45 days on all other multi-trip plans. It expands the coverage limits you get in lower-tier plans. For example, you get up to $15,000 in trip cancellation coverage, and up to $50,000 in emergency medical. The plan also covers everyone in your household, even if they are traveling separately from you. 
• AllTrips Executive: This plan provides more coverage than AllTrips Prime. For example, trip cancellation covers up to $10,000 and emergency medical care covers up to $50,000. This plan also reimburses airline ticket change fees up to $500 per year.
• AllTrips Prime: The standard multi-trip travel insurance plan covers trip cancellation up to $3,000 per year, emergency medical up to $20,000 per trip, and lost baggage up to $1,000.
• AllTrips Basic: This is a lower-cost plan that doesn’t include trip interruption or cancellation, but covers things like medical emergencies (up to $20,000), emergency medical transportation (up to $100,000), and lost bags while traveling.

Rental Car

Allianz Travel’s rental car policies cost $11 per day and cover up to $50,000 of damage to a rental car. The plan also includes up to $1,000 in coverage for your lost bags. You can buy rental car insurance as a standalone plan or as an optional add-on to the other Allianz travel insurance plans.

Customer Service

Allianz Travel offers customer service primarily by phone. You can call its hotline 24/7 with questions and for assistance with emergencies while traveling. You can also submit questions through an online form.

If you have an Allianz Travel policy, the Allianz Travel website lets you access policy details and start a claim. Allianz Travel also provides a mobile app called TravelSmart that you can use to manage your policy, file claims, and access 24/7 assistance. The app provides information that could be useful for your trip, such as:

• Updates on flight delays
• Local emergency numbers
• A list of pre-screened medical facilities
• Translation for medical terms in 18 languages

Is Allianz Travel Insurance Right for Me?

Allianz Travel is a solid choice if you’re planning a single trip or multiple trips. The company’s underwriters are financially stable, and Allianz provides multiple options for policies, meaning you’re likely to find one that fits your budget and coverage needs. Allianz Travel can be an especially good fit if you plan on taking many trips over the upcoming year, thanks to its four different multi-trip plan types. 

Methodology

We evaluated more than 30 different travel insurance companies and plans. Major areas of focus included coverage options, claim and policy limits, what’s covered, and typical insurance policy costs.

The biggest focus was on insurance coverage limits and what each policy covers. Cost is important, but a difference of $20 for much better coverage is often negligible. The most important features examined in this review are the ones that make your policy valuable and easy to use if you ever need it.