Best Travel Insurance Discounts for Students & Young Adults in 2025

Best Discount Travel Insurance for Young Adults and Students in 2025

Why travel insurance matters for students and young adults

Traveling when a student or young adult presents fantastic opportunities, but you must be ready for the unanticipated. Medical emergencies, trip cancellals, missing bags, and other unexpected incidents can rapidly ruin a trip and cause significant financial strain. Travel insurance gives peace of mind and serves as a safety net shielding you from some possible expenses. For instance, a broken arm in a nation like the United States with famously costly healthcare could result in a sizable hospital bill, easily preventable with the correct insurance policy.

types of travel insurance discounts

Students and young people looking for travel insurance can get several discounts. Certain companies provide student-specific plans with reduced rates. Others give discounts through alliances with student groups or discount websites such as Student Beans, which grants a 10% discount on World Nomads travel insurance. For regular travelers, multi-trip annual plans might be more affordable than single-trip policies, providing discounts for several trips. Group travel insurance can help students save money when traveling together.

best student travel insurance options

Many businesses serve the particular requirements and finances of young people and students:

World Nomads is ideal for adventurous travelers. It offers over 200 activities, including scuba diving and bungee jumping, alongside standard medical and trip protection. It also provides the Footprints program, which allows donations to local communities.

Coverwise: While not student-specific, they offer competitive rates and coverage for specific work abroad programs, like university exchanges.

Admiral: Provides multi-trip and single-trip options and optional coverage for activities like skiing or cruises.

StudentSecure: Explicitly designed for full-time students and scholars studying abroad, meeting J-1 and F-1 visa requirements.

Allianz Global Assistance offers a Youth Travel Insurance Plan for travelers under 29, which provides emergency medical and trip cancellation protection at a lower cost.

tips for finding the best discounts

Compare: Use comparison sites like MoneySuperMarket, Compare the Market, and Go Compare to find the best deals across providers.

Check student discounts: Look for partnerships with student organizations or discount platforms.

Consider multi-trip policies: An annual policy can be more economical than multiple single-trip policies if you plan to travel more than once a year.

Group discounts: Traveling with a group of 10 or more can often unlock discounted rates.

Bundle policies: Some companies offer discounts for bundling travel insurance compared to other types of insurance.

Factors Influencing Student Travel Insurance Costs

Several factors influence the cost of student travel insurance:

Age: Younger travelers generally pay less than older travelers.

Destination: Countries with high healthcare costs typically result in higher premiums.

Trip duration: Longer trips require more coverage, leading to higher costs.

Coverage levels: Higher medical coverage limits and additional benefits like adventure sports or pre-existing condition coverage increase premiums.

Deductible: Choosing a higher deductible can lower the premium, but you'll pay more out-of-pocket in case of a claim.

what to look for in a student travel insurance plan

Medical coverage: Look for at least $2 million, especially when traveling to countries with expensive healthcare.

Personal liability coverage: Ensure adequate coverage (around $1 million) for potential injury or property damage caused to others.

Cancellation coverage: Coverage of around $3,000 should suffice for most student trips.

Lost baggage coverage: Around $1,500 in coverage is a reasonable starting point.

Lost cash coverage: Around $250 is standard for most policies.

Excess: Understand the excess you'll have to pay in case of a claim and consider its impact on the overall policy cost.

EHIC and GHIC cards for European travel

Traveling inside Europe, the European Health Insurance Card (EHIC) or Global Health Insurance Card (GHIC) grants access to state-provided healthcare at a discount or free of charge in EU nations, plus Norway, Iceland, Liechtenstein, and Switzerland. Although these cards are helpful, they do not substitute thorough travel insurance since they do not cover trip concealments, lost luggage, or repatriation. Apply for these free cards on the official website to stay away from fraud sites.