If youโre searching for World Nomads vs. SafetyWing to compare travel health insurance, you may be missing out on a much better alternative: Insubuy. Most likely, youโve never heard of Insubuy, and hereโs why.
For those that donโt know, World Nomads and SafetyWing are probably the #1 and #2 most popular options for travel health insurance. Nevertheless, in the travel industry, businesses and bloggers push programs that will generate the most commission. World Nomads and SafetyWing pay out far better compensation than Insubuy, even though Insubuy is superior, and thatโs why you may have likely overlooked them in your search for high-quality low-cost travel health insurance.
Simply put, you should consider using Insubuy travel health insurance for your next trip. Specifically, the Patriot International Lite planโitโs what we use and it covers just as much as World Nomads and SafetyWing. Keep reading to find out for yourself.
World Nomads vs. SafetyWing vs. Insubuy
Both World Nomads and SafetyWing pay a 10% commission fee on the sale price. Insubuy, on the other hand, simply pays a flat fee based on the sale price. For example, back when we bought a two-year World Nomads insurance plan it cost us $2,100 for one year.
World Nomads and SafetyWing would pay out a commission of $210 ($2,100*10%), while Insubuy would only pay a commission of $150 (referral fee). This relatively small difference adds up if youโre one of these big travel bloggers or agencies selling tens or hundreds of these per day.
Insubuy Patriot International Insurance > Get a Free Quote
However, the real kicker comes in the fact that both World Nomads and SafetyWing cost more than Insubuy. As a result, travelers that may have difficulty understanding how travel health insurance works, are trusting popular travel bloggers to guide them to the best option and are getting directed toward the one that makes them the most commission.
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Donโt believe it? Weโll prove it.
World Nomads vs. Insubuy
For this example, weโll compare a six-month plan from July 1 to December 27. Unfortunately, World Nomadsโ maximum policy term limit is six months. Insubuyโs Patriot International Lite plan covers up to two years, respectively.
Probably the one thing we dislike the most about World Nomads (and SafetyWing) is that they are fixed plans. Meaning, the insured person cannot change the maximum policy coverage or deductible amounts. Again, Insubuy is superior in that it allows the insured to change both of these options.
Insubuy Allows You to Change the Maximum Coverage and Deductible
Regarding the maximum coverage, Insubuy allows you to choose either:
- $50,000
- $100,000
- $500,000
- $1,000,000
This is important because if youโre going to a country with cheap healthcare costs you may be able to get by with a $50,000 maximum coverage optionโas a result, youโre saving money by not being overinsured.
Hereโs Why We Typically Prefer High Deductible Plans
For the most part, healthcare is relatively cheap by American standards just about anywhere else in the world with a few exceptions. For example, Audrey visited a dermatologist in Croatia and it cost $30, an optometrist in Thailand and it cost $50, Harry got a prescription filled for $3 in Albania that would cost $300 in the USA, and we both got our teeth examined and cleaned for $60 in Hungaryโoutside of major surgery, healthcare is pretty inexpensive around the world.
๐ก Budget Tip: Donโt make the same mistake we did and purchase all of your insurance all at onceโbreak it up. If you know the dates when youโll be traveling to various countries then only purchase low-deductible insurance in countries that have expensive healthcare systems like Germany, Canada, and the United Kingdom. Generally, we recommend going with high-deductible plans in Central and South America, much of Asia, Eastern Europe, and Africa. Most importantly, always make sure you purchase the plan that fits your needs and comfort level.
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As a couple, the World Nomads plan would cost $1,098 and Insuby would cost $941, a savings of about $150. However, big savings come when you include a deductible.
World Nomads vs. Insubuy | |||
Policy Coverage | 100,000 | ||
Term: | Six Months | ||
Cost of Insurance | |||
Deductible | World Nomads | Insubuy | Savings |
$0 | $1,098 | $941 | $157 |
$100 | n/a | $828 | $270 |
$250 | n/a | $752 | $346 |
$500 | n/a | $677 | $421 |
$1,000 | n/a | $602 | $496 |
$2,500 | n/a | $527 | $571 |
World Nomads does not have a deductible and does not allow the insured to adjust it. Conversely, Insubuy allows the insured to have the following deductible amounts:
- $0
- $100
- $250
- $500
- $1,000
- $2,500
When you compare World Nomads vs. Insubuy with a $500 deductible the cost of the same plan costs $677, a savings of $421! For travelers who prefer a high deductible plan, the $2,500 deductible Insubuy plan would cost $527, with a total savings of $571, when compared to World Nomads.
SafetyWing (Nomad Insurance) vs. Insubuy
Like World Nomads, SafetyWing works similarly with a fixed maximum coverage amount and deductible. For instance, SafetyWingโs maximum policy limit is $250,000 with a $250 deductible.
Nevertheless, Insubuy is more affordable than SafetyWind, provides the same coverage, and allows you to change policy limits and deductible amounts.
Breaking it down, Insubuy does not have an option for a $250,000 policy coverage so weโll use a $500,000 policy coverage with a $250 deductibleโthatโs twice the coverage.
SafetyWing vs. Insubuy | |||
Policy Coverage |
* Insubuy does not carry an option for a $250,000 maximum policy coverage | ||
Term: | Six Months | ||
Cost of Insurance | |||
Deductible | SafetyWing | Insubuy | Savings |
$0 | n/a | $1,071 | - |
$100 | n/a | $942 | - |
$250 | $950 | $857 | $93 |
$500 | n/a | $771 | $179 |
$1,000 | n/a | $685 | $265 |
$2,500 | n/a | $600 | $350 |
Using a similar comparison as with World Nomads, SafetyWing would cost $950, while InsuBuy would cost $857, a savings of $93. However, if you change Insubuyโs deductible to $500, the cost of the plan changes to $771, with a total savings of $189. Moreover, if you change the deductible, to $2,500, the cost is $599, with a total savings of $351!
World Nomads vs. SafetyWing
Overall, SafetyWing is a cheaper option than World Nomads and has a $250 deductible versus World Nomadsโ $0 deductible. Still, Insubuy is a much better option than both World Nomads and SafetyWing.
Allianz Travel vs. Insubuy
Allianz Travel is also quite a popular travel health insurance. However, you should stay away. Itโs one of the most shockingly expensive options in the industry.
Realistically, anyone who purchases Allianz Travel insurance has absolutely no idea what theyโre doing, or they wouldnโt be. For example, when we compare a six-month plan from July 1 to December 27 for both Allianz and Insubuy the cost difference is staggering.
Allianz Health vs. Insubuy | |||
Policy Coverage | $50,000 | ||
Term: | Six Months | ||
Cost of Insurance | |||
Deductible | Allianz Health | Insubuy | Savings |
$0 | $3,074 | $806 | $2,268 |
$100 | n/a | $709 | $2,365 |
$250 | n/a | $644 | $2,430 |
$500 | n/a | $580 | $2,494 |
$1,000 | n/a | $516 | $2,558 |
$2,500 | n/a | $451 | $2,623 |
Allianz offers a $50,000 maximum policy coverage with a $0 deductible. Shockingly, the cost of Allianzโs plan is $3,074 versus Insubuyโs cost of $806โInsuby is $2,268 less expensive.
If you change the Insubuy plan so the deductible is $500 (instead of $0), the total cost is $580โthatโs $2,494 less than Allianz!
World Nomads Travel Insurance Reviews
Overall, thereโs nothing wrong with World Nomads, itโs just expensive. As we stated earlier, we used World Nomads for two years and it was fine, having fulfilled their obligation.
We believe World Nomads is a reputable company and its good reviews are warranted. However, would we use it again or recommend friends or family to use it? Noโand that goes with SafetyWing and Allianz too.
We would recommend Insubuy thoughโmainly because itโs easy to customize the policyโs maximum coverage and deductible so that youโre not left feeling over or under-insured.
Insubuy Patriot International Insurance > Get a Free Quote
Comparing World Nomads vs. SafetyWing or World Nomads vs. Insubuy insurance policies can be a confusing topic. If you need help picking out a plan or have questions, please reach out to us in the comments and weโll be happy to assist.
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