• Matt B

The 5 Best Travel Insurance Companies for Digital Nomads: Ultimate Guide for 2022

Updated: Jul 18



It’s no secret that being a digital nomad means spending a lot of time away from home. Whether you’re working from a co-working space, an independent virtual agency, or an accessible villa, a nomadic lifestyle requires a flexible work plan and reliable access to high-speed internet. That’s why so many digital nomads choose to live and work remotely. But it’s not just the flexibility of being your own boss that attracts people to this lifestyle. It’s also the opportunity it offers to explore new and exciting places, explore new cultures and make new friends. And of course, there are also the financial benefits of being your own boss, too. Nevertheless, going it alone comes with its fair share of challenges. You have to maintain a steady work schedule, arrange for reliable access to high-speed internet, and plan for daily expenses. Luckily, there’s a growing community of digital nomads who have discovered the benefits of having reliable coverage for their daily activities. That’s where the world’s best travel insurance companies for digital nomads come in. Here’s a review of the top providers to help you find the best company for your needs.


Table of Contents

1. Insured Nomads

2. World Nomads

3. SafetyWing

4. Arch RoamRight

5. InsureMyTrip

Disclosure: This post may contain affiliate links and we may earn a small commission, at no extra cost to you. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for yourself.


1. Insured Nomads

Insured Nomads is a travel insurance company that specializes in providing coverage for travelers who are away from home for long periods of time. Whether you're a digital nomad or a long-term traveler, Insured Nomads has a policy that will fit your needs. With comprehensive coverage and 24/7 assistance, Insured Nomads is the best way to ensure that you're protected while you're on the road.


2. World Nomads


World Nomads is a global network of travel insurance providers offering protection for travelers of all ages, levels of experience, and backgrounds. World Nomads members offer travel insurance coverage in over 170 countries and territories. This means you can get travel insurance from World Nomads providers in any country around the globe. Most World Nomads travel insurance providers have a minimum coverage of USD200 and USD300, which covers flight delays, cancellations, and cancellations due to weather. World Nomads also offers a range of travel insurance plans for digital nomads, including the World Nomads Basic Travel Policy. This policy provides coverage for trip cancellation and medical expenses arising from trip cancellation. It also includes coverage for trip interruption and coverage for trip delay as a result of delay or cancellation of transportation. The policy also includes coverage for trip delay.

3. SafetyWing


SafetyWing is a global network of travel insurance providers offering protection for travelers of all ages, levels of experience, and backgrounds. SafetyWing members offer travel insurance coverage in over 170 countries and territories. Their plans start at $42 for 4 weeks of travel (excluding US Travel). This means you can get travel insurance from SafetyWing providers in any country around the globe. Most SafetyWing travel insurance providers have a minimum coverage of USD200 and USD300, which covers flight delays, cancellations, and cancellations due to weather. SafetyWing also offers a range of travel insurance plans for digital nomads, including the SafetyWing Basic Travel Policy. This policy provides coverage for trip cancellation and medical expenses arising from trip cancellation. It also includes coverage for trip interruption, and coverage for trip delay as a result of delay or cancellation of transportation. The policy also includes coverage for trip delay as a result of natural cause.

4. Arch RoamRight

Arch RoamRight is a US-based travel insurance provider with a global reach. This travel insurance provider offers coverage in over 140 countries and territories, including coverage for trip cancellation, trip interruption, and trip delay. Their travel insurance plan also covers trip cancellation and medical expenses arising from trip cancellation. It also includes coverage for trip interruption, and coverage for trip delay as a result of delay or cancellation of transportation.

5. InsureMyTrip


InsureMyTrip is a US-based travel insurance provider with a global reach. This travel insurance provider offers coverage in over 140 countries and territories, including coverage for trip cancellation, trip interruption, and trip delay. Their travel insurance plan covers trip cancellation and medical expenses arising from trip cancellation. It also includes coverage for trip interruption and coverage for trip delay as a result of delay or cancellation of transportation.

What’s the Best Travel Insurance Company for Digital Nomads?

Travel insurance is essential for any trip. It covers unexpected events, like a flight delay or trip cancellation that ruins your plans. It also covers the cost of medical treatment if you get sick or injured while traveling. The best travel insurance companies for digital nomads are those that offer coverage in a diverse range of countries, with a range of coverage options. You should also make sure the company you choose offers digital nomads coverage. Another thing to consider when searching for the best travel insurance company for digital nomads is price. Travel insurance can get expensive quickly, so you don’t want to overpay for coverage. Now that you have a better idea of the top providers, start comparing travel insurance quotes online now!


Disclosure: This post may contain affiliate links and we may earn a small commission, at no extra cost to you. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for yourself.


Do I need travel insurance for my trip?

Travel insurance is a form of insurance that provides protection against financial loss arising from "travel-related" risks. Travel insurance policies typically cover medical expenses, emergency medical evacuation, trip cancellation and interruption, baggage loss, delay and damage as well as a wide range of other "travel-related" events. Most travel insurance policies also cover pre-existing medical conditions if the policy is purchased within a certain period (usually 14–30) days of the start of the trip. Some also cover you for the entire length of your trip, regardless of how long it is; others have maximum coverage periods (for example, 6 months).


There are many situations where travel insurance can payout:

The traveler begins their journey but finds that they are too sick to continue. If they have insurance, they can return home, and the insurance will refund them for the unused portion of their trip. Without insurance, they must pay for the entire trip. By purchasing cancellation insurance, in this case, the traveler will receive enough money back to cover the cost of their trip home.


There is also coverage that protects against having to cancel a trip due to a family illness or death in the family. This is often referred to as "cancel for any reason" coverage; however, it does not include situations where one is sick themselves or traveling with someone who becomes ill or dies. In some cases there may be a deductible on these policies; otherwise, cancellation coverage may be inexpensive relative to the cost of the trip.


If a traveler has purchased travel insurance, and then becomes ill or injured and is unable to travel, they may be able to receive a refund for the cost of the trip. The traveler will need to determine if their policy covers cancellations due to sickness or injury, and if so, how much of a refund they may receive.


This can also be referred to as "cancel for medical reasons." It protects against situations where one is too sick or injured to travel at any time during the period of coverage (e.g., annual policy). This is different from cancel for any reason coverage (e.g., a family member becomes ill) because that type of cancellation coverage only applies during a specified time period such as within two weeks prior to scheduled departure date or within 14 days after arrival date on international travel). This type of policy also protects against having to cancel due to an unexpected illness in one's family (e.g., child becomes ill).

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If a traveler has purchased travel insurance, and then becomes ill or injured and is unable to travel, they may be able to receive a refund for the cost of the trip. The traveler will need to determine if their policy covers cancellations due to sickness or injury, and if so, how much of a refund they may receive.


This can also be referred to as "cancel for medical reasons." It protects against situations where one is too sick or injured to travel at any time during the period of coverage (e.g., annual policy). This is different from cancel for any reason coverage (e.g., a family member becomes ill) because that type of cancellation coverage only applies during a specified time period such as within two weeks prior to the scheduled departure date or within 14 days after the arrival date on international travel). This type of policy also protects against having to cancel due to an unexpected illness in one's family (e.g., a child becomes ill).

If a traveler has purchased travel insurance, and then becomes ill or injured and is unable to travel, they may be able to receive a refund for the cost of the trip. The traveler will need to determine if their policy covers cancellations due to sickness or injury, and if so, how much of a refund they may receive. Cancel for any reason


This type of coverage allows cancellation of a trip for any reason (e.g., illness in one's family, job loss) during the time period specified in the policy (e.g., within 14 days after arrival date on international travel). If one cancels their trip due to an unexpected illness or other reason covered by this type of insurance, they may be able to receive a partial refund for the cost of their trip. However, once someone has cancelled coverage under this type of plan, it is unlikely that they will be able to reinstate it for future trips.


Travel insurance plans which include cancel for any reason coverage are not as common as travel insurance plans with coverage for specific reasons. This type of policy provides coverage for a wide range of travel-related expenses (e.g., trip cancellation, trip interruption, baggage, medical expenses). These policies are often expensive because they provide such a high level of coverage. For example, some all inclusive policies may reimburse the traveler for expenses related to missed flights or lost luggage even if the airline is not at fault. However, this type of policy may be worth the cost if it covers situations that would be difficult to cover with a plan that offers less coverage. For example, some plans include an "umbrella" feature that covers extra expenses related to an emergency evacuation (e.g., being flown home in first class).

Travel insurance protects against financial loss due to unexpected circumstances such as serious illness or injury before, during and after trips.

Travelers are increasingly using mobile apps to purchase travel insurance on their smartphones and tablets. Travelers can get the best prices and buy coverage instantly.

Travelers can buy travel insurance when they book a trip, or up to 14 days before departure. Buying early doesn't reduce coverage, but it may lock in lower rates and provide more flexible options if there's a need to cancel or change your plans. Travelers who wait until they arrive at their destination to purchase travel insurance may pay more than if they bought it earlier.


If you are unsure where to go on your next trip, why not take some virtual tours to help you decide. We have created an article on the best websites for virtual tours to help you decide which platform to use.

Always Read the Fine Print

As with any insurance policy, it is very important to read the fine print in the policy documents to verify coverage as well as any exclusions so you are not left disappointed in the end if you need to call upon your insurance company for a claim. I highly recommend the four companies listed on this article and have personally used InsureMyTrip and Arch RoamRight on several trips and have never had any issues with their policies.


Conclusion

Taking off on a new adventure is exciting. But the possibility of an interruption, delay or cancellation can be stressful. That’s why it’s important to get travel insurance for your next trip. Finding the best travel insurance for digital nomads might take a little bit of research, but it’s worth it in the end. I hope this article has been helpful in your search for the best travel insurance companies. I highly recommend SafetyWing and World Nomads for long trips and Arch RoamRight or InsureMyTrip for shorter excursions. Also, don't forget to check out some of our other great articles such as the best hybrid bikes under $500. I wish you a safe and pleasant journey wherever you go and please feel free to let me know your thoughts in the comment section below.


Matthew Bates is currently a full-time writer and digital nomad. Matthew started working as a middle school teacher before transitioning into a successful sales career. As a world travel enthusiast, Matthew credits the exciting real-life experiences of traveling and learning from other cultures as the inspiration for his writings.


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