Last updated on March 21st, 2024 at 10:47 am
SafetyWing vs Heymondo vs World Nomads and Faye Insurance – We pit three of today’s best digital nomad and backpacking travel insurances to see which is the best. Which one should you choose?
When planning a trip, having the right travel insurance is crucial for ensuring a safe and enjoyable journey. In this article, we will guide you through what to look for in a good travel insurance policy and provide a comprehensive comparison of the top travel insurance providers: Heymondo, SafetyWing, World Nomads, and Faye Travel Insurance.
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What to Look for in Good Travel Insurance: SafetyWing vs Heymondo vs World Nomads
Length of trip
Consider the duration of your trip when choosing travel insurance. Some providers offer short-term policies, while others have options for long-term or open-ended trips.
Type of trip (adventure vs. non-adventure)
Depending on your planned activities, you may need specific coverage for adventure sports or high-risk activities. Some providers specialize in covering these types of experiences.
Age
Travel insurance providers often have different pricing tiers and coverage options based on age. Make sure to choose a policy that covers your age group and provides the necessary coverage.
Traveling with children or pets: If you’re traveling with children or pets, look for providers that offer coverage for them. Some providers offer free coverage for children under a certain age.
Open-ended or fixed-duration trip
Some providers offer flexible policies that can be extended or paused as needed, while others require you to commit to a specific duration upfront.
Business trip
If you’re traveling for business, ensure that your policy covers any work-related activities, equipment, or potential liabilities.
Top Travel Insurances to Compare
Heymondo
Heymondo is known for its comprehensive coverage options, including adventure sports, medical expenses, trip cancellation, and baggage loss. They also provide 24/7 assistance services through their mobile app.
SafetyWing
SafetyWing focuses on flexibility with its subscription-based model, allowing travelers to extend or cancel their coverage as needed. They offer travel medical emergency coverage, trip interruptions, personal belongings, and even COVID-19 related expenses.
World Nomads
World Nomads is a popular choice among adventure travelers, offering extensive coverage for medical, dental, evacuation, trip interruption, and baggage insurance. Their policies also cover a wide range of adventure sports and activities.
Faye Insurance
Faye Insurance is a newer player in the market, offering customizable travel insurance plans with features like worldwide medical coverage, baggage loss or damage, trip cancellation or interruption, and adventure sports coverage.
Plans and Pricing
| Insurance Provider | Plan Options | Pricing | Medical Coverage Limit | Adventure Sports Coverage | Policy Flexibility |
| Heymondo | Single trip | Starting around $30 (varies depending on coverage duration and destination) | Up to $1,000,000 | Yes | Moderate |
| Annual Multi Trip | Starting around $130 | ||||
| Long Stay | Varies based on coverage duration and destination | ||||
| SafetyWing | Subscription | Starting at $40 per 4 weeks for travelers aged 18-39 (prices vary based on age and coverage Free for one child under 10 per paying adult (up to two children per family) | Up to $250,000 | Limited | High |
| World Nomads | Standard Plan | Prices vary based on duration, destination, and selected coverage (approx. $100-$150 for a two-week worldwide tri | Up to $100,000 | Extensive | High |
| Explorer Plan | Prices vary based on duration, destination, and selected coverage (approx. $150-$200 for a two-week worldwide trip | Up to $250,000 | Extensive | ||
| Faye Insurance | Various | Various Prices vary depending on traveler’s age, trip duration, and destination | Varies by plan | Yes | Moderate |
Heymondo
Single trip policies start around $37, annual multi-trip policies start around $159, and long-stay policies vary based on coverage duration and destination.
SafetyWing
Subscription-based plan starting at $42 per 4 weeks for travelers aged 18-39. Prices vary based on age and coverage options.
World Nomads
Prices vary based on the duration, destination, and selected coverage. A two-week worldwide trip may cost around $119 for the Standard Plan and around $169 for the Explorer Plan.
Faye Insurance
Faye Insurance offers competitive pricing for its travel insurance policies, with rates varying depending on the traveler’s age, trip duration, and destination. For a more accurate quote, it’s recommended to visit their website and input your specific travel information.
Travel Insurance Coverage Inclusions
Heymondo
Heymondo offers a wide range of coverage inclusions, such as:
- Medical expenses: Coverage for emergency medical treatment, hospitalization, dental emergencies, and repatriation.
- Adventure sports: Coverage for a variety of adventure sports and activities, including scuba diving, skiing, and trekking.
- Trip cancellation: Reimbursement for prepaid, non-refundable travel expenses if the trip is canceled for a covered reason.
- Baggage loss and delay: Coverage for lost, stolen, or damaged luggage and personal belongings, as well as reimbursement for essential items if the baggage is delayed.
- Travel delay and interruption: Compensation for additional expenses due to covered travel delays or trip interruptions.
- Personal liability: Protection against financial loss resulting from accidental injury to third parties or damage to their property.
- 24/7 assistance services: Access to emergency support and assistance through their mobile app, including telemedicine services and remote consultations.
SafetyWing
SafetyWing offers a mix of flexibility and essential coverage inclusions, such as:
- Travel medical emergencies: Coverage for emergency medical treatment, hospitalization, dental emergencies, and repatriation.
- Trip interruption: Reimbursement for additional expenses if the trip is interrupted due to a covered reason, such as illness, injury, or natural disasters.
- Personal belongings: Coverage for lost, stolen, or damaged luggage and personal items.
COVID-19 related expenses: Coverage for medical expenses related to COVID-19 diagnosis and treatment. - Subscription-based model: Allows for flexible, month-to-month coverage that can be extended or canceled as needed.
- Free child coverage: For each paying adult, one child under 10 years old is covered for free (up to two children per family).
- 15-day home country coverage: For every 90 days of coverage purchased, travelers receive 15 days of coverage in their home country.
World Nomads
World Nomads is popular among adventure travelers, offering comprehensive coverage options, such as:
- Medical and dental expenses: Coverage for emergency medical treatment, hospitalization, dental emergencies, and repatriation.
- Evacuation: Coverage for emergency evacuation and repatriation due to medical or security reasons.
- Trip interruption: Compensation for additional expenses if the trip is interrupted due to a covered reason.
- Baggage and personal effects: Coverage for lost, stolen, or damaged luggage and personal belongings.
- Adventure sports and activities: Coverage for over 200 adventure sports and activities, including scuba diving, skiing, and trekking.
- Rental car damage: Coverage for damage to a rental car due to an accident, theft, or vandalism.
- Personal liability: Protection against financial loss resulting from accidental injury to third parties or damage to their property.
- Footprints program: Supports community development projects worldwide through traveler donations.
Faye Insurance
Faye Insurance is a newcomer to the travel insurance market but has quickly gained traction with its innovative approach and comprehensive coverage options, including:
- Medical expenses: Coverage for emergency medical treatment, hospitalization, dental emergencies, and repatriation.
- Adventure sports and activities: Coverage for various adventure sports and high-risk activities, such as scuba diving, skiing, and bungee jumping.
- Trip cancellation and interruption: Reimbursement for prepaid, non-refundable travel expenses if the trip is canceled or interrupted for a covered reason.
- Baggage and personal effects: Coverage for lost, stolen, or damaged luggage and personal belongings, as well as reimbursement for essential items if the baggage is delayed.
- Travel delay: Compensation for additional expenses due to covered travel delays, such as accommodation and meals.
- Personal liability: Protection against financial loss resulting from accidental injury to third parties or damage to their property.
- 24/7 assistance services: Access to emergency support and assistance, including medical consultations and travel advice.
- Customizable plans: Faye Insurance allows travelers to tailor their coverage based on their specific needs and preferences, ensuring they have the right protection for their trip.
Deductibles
Heymondo
No deductible for medical expenses, while other coverage types may have varying deductibles.
SafetyWing
$250 deductible for medical expenses, with other coverage types having no deductible or fixed deductibles.
World Nomads
Typically, no deductible for medical expenses, with other coverage types having varying deductibles.
Faye Insurance
Faye Insurance’s deductibles may vary depending on the chosen policy and coverage options. For detailed information on deductibles for specific plans, it’s best to visit their website or contact their customer support team.
Coverage Limits
Heymondo
Medical expenses up to $1,000,000, trip cancellations up to $10,000, baggage up to $3,500, and varying adventure sports coverage limits.
SafetyWing
Medical expenses up to $250,000, trip interruption up to $5,000, baggage up to $3,000, and limited adventure sports coverage.
World Nomads
Medical expenses up to $100,000 (Standard Plan) or $250,000 (Explorer Plan), trip cancellation up to $2,500 (Standard Plan) or $10,000 (Explorer Plan), baggage up to $1,000 (Standard Plan) or $3,000 (Explorer Plan), and extensive adventure sports coverage.
Faye Insurance
Faye Insurance offers varying coverage limits depending on the selected policy. These limits may include medical expenses, trip cancellation or interruption, baggage loss, and travel delay. To find out the exact coverage limits, visit their website and explore their policy options.
Additional Important Features
Heymondo
Telemedicine service through their app, coverage for pre-existing medical conditions, rental car damage, and personal liability protection.
SafetyWing
COVID-19 related medical expenses coverage, free coverage for one child under 10 years old per paying adult (up to two children per family), and 15-day home country coverage for every 90 days of coverage purchased.
World Nomads
Coverage for over 200 adventure sports and activities, rental car damage coverage, personal liability protection, and support for community development projects through the Footprints program.
Faye Insurance
Faye Insurance is committed to sustainability and is a climate-neutral company that offsets its carbon emissions. They also offer a fast and easy claims process, with 24/7 customer support to help travelers during emergencies.
Ease of Booking and Payment Options
Heymondo
Offers single-trip, annual multi-trip, and long-stay policies with upfront payment. 14-day money-back guarantee for cancellations (if the trip hasn’t started or no claims have been made).
SafetyWing
Subscription-based model billed every 4 weeks, allowing flexibility in coverage duration. Can be canceled at any time without penalty.
World Nomads
Single-trip policies with upfront payment. Cancellation possible before the start date, subject to a cancellation fee. Once the policy has started, cancellations may not be allowed, depending on the terms and conditions.
Faye Insurance
Faye Insurance allows you to purchase policies online through their website, offering a simple and straightforward process. For more information on their payment options and cancellation policies, visit their website or contact their customer support team.
Which Types of Travelers Will Benefit From Each Travel Insurance?
Here are some examples of traveler types and scenarios, along with the insurance brand that could work best for them:
Scenario 1 – Leo, the American tourist visiting Europe for three weeks:
Leo plans to visit Spain, France, and Italy for three weeks and will mostly engage in sightseeing, trying local cuisine, and attending cultural events. In this case, Heymondo could be an ideal choice due to their comprehensive coverage and competitive pricing for single-trip policies.
Scenario 2 – Maria, the backpacker on a gap year:
Maria is a 25-year-old backpacker from Australia who is on a gap year traveling through Southeast Asia and South America. As she doesn’t have a fixed itinerary and may participate in adventure sports, World Nomads Explorer Plan would be a great fit for her due to its extensive coverage, including adventure sports and flexible policy duration.
Scenario 3 – John and Sarah, the digital nomad couple with a child:
John and Sarah are a digital nomad couple with a young child who plans to travel the world while working remotely. They require long-term, flexible coverage that can be easily extended or canceled as needed. SafetyWing would be an excellent option for them, as it offers a subscription-based model and free coverage for their child.
Scenario 4 – Alice, the senior traveler on a cruise vacation:
Alice is a 65-year-old retiree from the UK who is planning a two-week Mediterranean cruise. She needs coverage that caters specifically to her age group and covers potential cruise-related issues. InsureMyTrip could be ideal for Alice, as she can compare various policies from different providers to find the one best suited to her needs and preferences.
Scenario 5 – Mark, the business traveler:
Mark frequently travels internationally for work and needs coverage that includes work-related activities, equipment, and potential liabilities. Heymondo’s annual multi-trip policy could be a good fit for Mark, as it offers comprehensive coverage, including personal liability protection and rental car damage coverage.
Final Thoughts: SafetyWing vs Heymondo vs World Nomads and Faye Insurance
In conclusion, selecting the ideal travel insurance depends on your specific needs and priorities. If you are looking for the cheapest travel insurance, you may benefit from exploring Heymondo’s single-trip policies. For the best long-term insurance, consider SafetyWing’s subscription-based plan that offers flexibility and cancelability at any time.
If you are planning a business trip, you might want to consider World Nomads, which offers comprehensive coverage options and can accommodate work-related activities, equipment, and potential liabilities. For adventure-seekers, World Nomads is also a great choice due to its extensive coverage for over 200 adventure sports and activities.
For families traveling with young children, SafetyWing stands out with its free coverage for one child under 10 years old per paying adult (up to two children per family). If you’re looking for a more personalized and tailored approach to your travel insurance needs, InsureMyTrip’s comparison platform allows you to compare policies from various providers, ensuring you find the best fit for your unique travel requirements.
By considering factors like pricing, coverage limits, additional benefits, and ease of booking, you can make an informed decision on which travel insurance provider is the best choice for your upcoming trip.
About the Author: Ruben, co-founder of Gamintraveler.com since 2014, is a seasoned traveler from Spain who has explored over 100 countries since 2009. Known for his extensive travel adventures across South America, Europe, the US, Australia, New Zealand, Asia, and Africa, Ruben combines his passion for adventurous yet sustainable living with his love for cycling, highlighted by his remarkable 5-month bicycle journey from Spain to Norway. He currently resides in Spain, where he continues to share his travel experiences alongside his partner, Rachel, and their son, Han.