Travel Guard Insurance vs. Travelex Travel Insurance (2024)

Travel Guard Insurance

4.8 / 5 - Excellent

#9 in Travel Insurance

VIEW RATES

Travelex Travel Insurance

5.0 / 5 - Excellent

#10 in Travel Insurance

VIEW RATES

vs

Key Facts

  • Medical, cancellation, and baggage coverage
  • Travel concierge services with premium plans
  • Emergency evacuation and medical repatriation
  • Offers cancellation coverage due to terrorism and natural disasters
  • 28 covered reasons for trip cancellation/trip interruption
  • Customizable standard & comprehensive coverages
  • Up to $1MM for emergency medical evacuation
  • Pre-existing conditions and cancel for any reason coverage available

More Details >

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OVERALL RATINGS

Travel Guard InsuranceTravelex
Coverage5.0/55.0/5
Extra Benefits5.0/55.0/5
Financial Strength4.5/55.0/5
Price & Reputation4.8/55.0/5

Plans & Coverage Compared

Travel Guard InsuranceTravelex
Available Plans

Comprehensive

Trip Cancelation/ Interruption

Medical

Baggage

Accidental Death

Comprehensive

Trip Cancelation/ Interruption

Medical

Baggage

Accidental Death

Trip Cancellation/Interruption Coverage

Injury/Illness/Death of Traveler

Injury/Illness/Death of Non Traveling Family Member

Natural Disaster at Destination

Tour Operator/Airline/Cruise Line Ceases Operation

Victim of Crime Prior to Trip

CFAR Coverage (Cancel for Any Reason)

Injury/Illness/Death of Traveler

Injury/Illness/Death of Non Traveling Family Member

Natural Disaster at Destination

Tour Operator/Airline/Cruise Line Ceases Operation

Terrorism/Evacuation at Destination

Victim of Crime Prior to Trip

Theft of Passport Prior to Trip

CFAR Coverage (Cancel for Any Reason)

Emergency Medical and Emergency Transportation Coverage

Doctor, Hospital, or Other Licensed Provider

Dental

Emergency Medical Evacuation/Repatriation

Transport Family Member to Bedside

Transport Children Home

Doctor, Hospital, or Other Licensed Provider

Dental

Emergency Medical Evacuation/Repatriation

Transport Family Member to Bedside

Transport Children Home

Baggage Coverage

Lost/Damaged/Stolen

Baggage Delay Coverage

Lost/Damaged/Stolen

Baggage Delay Coverage

Travel Guard InsuranceTravelex
Emergency Medical Pre-Existing Condition Coverage
Maximum Emergency Medical Reimbursem*nt

$50,000

$50,000

Maximum Emergency Medical Evacuation Reimbursem*nt

$1,000,000

$500,000

Baggage Coverage Details

Travel Guard InsuranceTravelex
Maximum Baggage Reimbursem*nt

$2,500

$2,000

Valuable Item Limit

$500

Receipts Required for Valuable items

Travel Guard Insurance Price & Reputation

Travel Guard InsuranceTravelex
BBB Rating

A+

A+

Number of BBB Positive Reviews

3

Number of BBB Negative Reviews

17

Date Collected

2018-01-15

2023-03-21

Travel Guard Insurance Customer Assistance Services

Travel Guard InsuranceTravelex
24/7 Support
Mobile App

Travel Assistance Services

Travel Guard Insurance

vs

Travelex

  • Rebooking
  • Lost Passport/Document Assistance
  • Up to the Minute Travel Advisories
  • Roadside Assistance
  • Lost Baggage Search
  • Lost Passport/Document Assistance
  • Emergency Cash
  • Translation Services
  • Up to the Minute Travel Advisories
  • Legal Assistance Referral
  • Roadside Assistance

Emergency Medical Assistance Services

Travel Guard Insurance

vs

Travelex

  • Physician Referral
  • Emergency Prescription Replacement
  • Physician Referral
  • Emergency Medical Case Management
  • Arrange Medical Payment Where Available
  • Emergency Prescription Replacement
  • Update Family at Home

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2 More

Concierge Assistance Services

Travel Guard Insurance

vs

Travelex

  • Restaurant/Event Referral and Reservation
  • Ground Transportation Recommendations
  • Weather Advisories
  • Wireless Device Assistance
  • Plane/Boat Charter Assistance

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2 More

  • Restaurant/Event Referral and Reservation
  • Weather Advisories
  • Wireless Device Assistance
  • Gift Delivery

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1 More

Travel Guard InsuranceTravelex
Homepage URL
Company Phone

(800) 829-5248

(800) 228-9792

Headquarters Address

3300 Business Park Drive, Stevens Point, WI, 54482

810 N 96th St, Suite 300, Omaha, NE, 68114

Final Verdict

Travelex Travel Insurance has a higher overall rating than AIG Travel Guard Travel Insurance. Travelex scores better than Travel Guard Insurance across: Financial Strength, and Price & Reputation. Both companies score similarly on Coverage, and Extra Benefits.

Customer Comments & Reviews

ngocdaonguyenmn

7/7/2020

Travelex Travel Insurance review

I canceled my flight to Paris May 25,2020 because Coronavirus. Travelex sent me the plane ticket after I called them. Thanks!!!


D

Dale S

8/13/2019

Travelex Travel Insurance review

TRAVELEX paid a $650 medical claim immediately. Got a sore throat and cold on a cruise ship in Asia. TRAVELEX not only paid the medical bill, but also reimbursed me for a $160 shore excursion I missed. They could not have been nicer or more efficient. We travel a lot and always use them. You should too.


B

Brenda B

6/4/2019

AIG Travel Guard Travel Insurance review

In March 2015, my 96 yr old dad ended up in the hospital the day before my trip to the Holy Land, so I obviously canceled on the last day. Travel Guard was awesome so I used them for two trips after that!


John T

11/30/2018

AIG Travel Guard Travel Insurance review

On the middle of a transatlantic cruise in the middle of the Atlantic Ocean, my wife suddenly became ill. It’s a worst case scenario, 1000s of miles from the nearest port and only option is a clinic on the ship. She was rushed to the ships doctor and they took vitals and did lab tests. In the meantime, I used the ship-to-shore radio to call AIG very early in the morning. The first person took my information and placed me on hold to speak to a specialist. Because it costs $5 a minute, I hung up after a couple of minutes. I figured it would be better to contact them later when it wasn’t insanely expensive to call. AIG reached out to me immediately with multiple emails offering their assistance with medical monitoring, research, medical referrals, and travel. In addition, all the claims forms were mailed and waiting for us when we arrived.AIG provided a link informing me the status of the claim. They give me the direct telephone number of the person handling the claim. After a couple of weeks, I called this person asking if she needed more information to process the claim. Five minutes later, she call me and said she was approving my entire claim.You hope you don’t need it but this is absolutely the best travel insurance. You are dealing with professionals that are focused on dealing with your medical emergency and not denying your claim.


J

Jacqueline Y

2/5/2018

Travelex Travel Insurance review

Could you confirm we have travel insurance? Primary traveler is Jacqueline Yockey and confirmation is TTB482470. Ten travelers total. Have we paid in full? Can we add on any additional travelers from Kentucky? How about from out of state? Our group consists of about 50 passengers going on the same tour but from different states.Thank you in advance, Jacqueline Yockey


Sponsored

TravelInsurance.com

5.0 / 5 - Excellent

#1 in Travel Insurance

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Find The Best Travel Insurance

For adventures at home or abroad, travel insurance can protect you against risks and financial losses that may arise before or during your trip. We’ve compared the best travel insurance options to help you choose the coverage you need, so you can travel worry-free.

See top rated Travel Insurance

Travel Guard Insurance vs. Travelex Travel Insurance (2024)

FAQs

Which is better, Travelex or Travel Guard? ›

Travelex Travel Insurance and AIG Travel Guard Travel Insurance are very close in quality and have the same overall rating. That said, Travelex scores better than Travel Guard Insurance across: Financial Strength, and Price & Reputation.

Is Travelex a good deal? ›

Travelex have a number of handy store locations including the airport - but it's not your cheapest option. Exchange rates in-store aren't as good as online unless you are doing a larger amount over $2,000 and are prepared to negotiate. Even then, they may not offer you a rate as good as their own website.

Should I use Travelex? ›

Travelex: They provide a service and do charge fees. If that service has enough value to you so that you don't mind the fees, there is not a problem with using them. They will cost more than other options.

What is covered with travel Guard insurance? ›

A vacation insurance plan from Travel Guard helps to protect your trip investment with coverages like trip cancellation and interruption, medical expense and evacuation, lost or delayed baggage and more.

Does travel insurance get more expensive closer to the trip? ›

Unlike other aspects of your travel experience like airfares or hotel-room rates, the price of travel insurance doesn't increase the closer you get to your travel date. There's no financial penalty if you wait to buy travel insurance (except for those bonus coverages, of course).

What is a good rate for travel insurance? ›

On average, travel insurance is around 5%-6% of the total trip cost, and the average trip cost for US travelers from April 2022- January 2024 was around $6,343.

How many days before should you buy travel insurance? ›

When Is the Best Time to Get Travel Insurance? If you're wondering when you should buy travel insurance, the simple answer is as soon as possible. Ideally, you'll buy coverage no later than 15 days prior to your trip.

How much should travel insurance cost? ›

The average cost of travel insurance is about 3% to 5% of a trip's total value, according to quotes gathered by our research team across different travel insurance providers for various traveler profiles.

Is Allianz travel insurance good? ›

We at the MarketWatch Guides team awarded Allianz Travel Insurance 4.1 out of 5 stars based on our provider review methodology. Named our pick for concierge services, Allianz offers 24/7 travel assistance through a multilingual team, which can help policyholders with travel and coverage issues while abroad.

What are two disadvantages travel insurance? ›

It can also be expensive, difficult to file claims, and not always cover the things you thought it would — or should.

Is it better to get single trip or annual travel insurance? ›

This will depend on your situation, but if you are certain you will only travel once in the next 12 months, you should get a single trip policy for that holiday. If you are unsure of how many trips you will take, an annual policy may be more expensive, but it will give you the peace of mind of knowing you are covered.

What percentage does Travelex take? ›

At Travelex, we offer you $0 commission and a competitive market exchange rate when you buy foreign currency from us online, whether in cash or our Travelex Money Card.

Can I buy a Travelex card at the airport? ›

Our Airport Store is Always Here to Help

Here you can buy or sell foreign cash, purchase/top-up the Travelex Money Card, and much more.

How much commission does Travelex take? ›

The applicable margin applied to the transaction amount is 5.95%.” If you're not happy with the rate offered by Travelex, or you don't want to have an extra margin of up to 5.95% added to your transactions, it might be time to find an alternative provider.

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