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Budget Travel Insurance

Planning your holidays on a budget? Purchase travel insurance to suit your budget needs.

Travel Insurance for travellers on a budget

If you're looking for budget travel insurance that still offers a high level of cover, you've come to the right place!

An unlimited amount of money to spend on travel is the dream of all travellers! Realistically though, most of us travel on a pretty tight budget.

Fast Cover provides budget travel insurance options for every type of traveller, with flexible options so that you can tailor the policy to cover what's most important to you without blowing out your travel budget.

Who should buy travel insurance?

Travel insurance is an essential purchase for all travellers, no matter where you're headed or how tight your budget may be.

Even if you're only taking a short trip overseas, or travelling to a 'safe' first-world country, accidents can happen anywhere and emergency medical costs overseas can quickly reach hundreds of thousands of dollars.

The Australian Department of Foreign Affairs and Trade reports a medical evacuation in Bali could set you back $60,000 AUD, and medical bills in the United States can range from $75,000 to a whopping $300,000 AUD.

Medicare and private health insurance may not cover you for any overseas medical costs, and the Australian Government generally doesn't provide financial assistance.

This means that without travel insurance, you (or your family) would have to foot the bill for any unexpected expenses if you run into trouble overseas.

Who should get budget travel insurance?

The Australian Government’s Smart Traveller website says “if you can’t afford travel insurance, you can’t afford to travel”.

It may not be as exciting as booking accommodation or adventure tours, but you should always include travel insurance in the budget plan for your overall holiday expenses.

If your travel budget is super tight, you can tailor your Fast Cover travel insurance policy to cover just the things that are most important to you, and forgo benefits you won't need on your journey.

Some of the main benefits you might want to consider when looking for a travel insurance policy include:

  • Unlimited emergency medical and hospital expenses
  • Theft or loss of luggage and personal belongings
  • Theft or loss of passports, cash and credit cards
  • Travel delay expenses
  • Special event transport expenses
  • Personal liability insurance
  • Permanent disability insurance
  • Accidental death insurance
  • Loss of income insurance
  • Adventure sports and activities
  • Scooter, moped or motorcycle riding insurance
  • Rental vehicle excess insurance

Remember it's important to compare the benefits and exclusions when shopping around for travel insurance, not just the prices.

Budget travel insurance does not necessarily mean limited!

Nothing is more important when travelling than your health and safety.

Fast Cover's Basics policy is ideal for travellers who just want cover in case they unexpectedly get sick or injured during their travels. It offers a high level of cover for overseas emergency medical and hospital expenses, without the other benefits like cancellation costs.

If you're mostly concerned about emergency medical cover, but also need a few other benefits thrown in, our Standard Saver offers a high level of emergency medical and hospital expenses cover, as well as cover for cancellation costs, luggage and personal effects, and additional expenses.

Compare the levels of cover with your budget in the below table:

Why choose Fast Cover for your budget travel insurance?

Fast Cover provides specialist travel insurance for travellers on a budget, no matter where or when you want to travel.

You don’t have to pay an extraordinary amount to get a high-quality travel insurance policy.

Compare quotes on travel insurance and you’ll find that Fast Cover offers plenty of affordable options without sacrificing the quality of cover.

Our policies can be tailored to cover the things that are most important to you without blowing the budget.

You can travel with confidence knowing the Fast Cover Emergency Assistance team is available 24 hours a day, 7 days a week, 365 days a year.

It’s simple, affordable and exceptional travel insurance.

Example Incidents~

Paul’s Pickpocketed Phone

35-year-old Paul was out at dinner with friends in Bali when he noticed that his phone was missing from his pocket. He immediately notified the emergency assistance team who advised him to report the theft to the local police and obtain a written report. After submitting his claim online, he was reimbursed $750 AUD under the luggage and personal effects benefit of his Fast Cover travel insurance policy.


Francine's Fall

Francine had only just arrived in Indonesia when she fell down a flight of stairs trying to retrieve her keys from her handbag. The fall resulted in a metatarsal fracture in her left foot, lacerations to her right foot and a concussion. Her Fast Cover travel insurance policy cost less than $50 AUD but covered her medical treatment, hospitalisation costs as well as her repatriation back to Australia in business class.

Traveller Testimonials

Purchased without issues

Super easy to purchase and understand what was included. If you are looking for snow sports cover this is the place to go. I rang around to a few companies and most didn't offer the range that fast cover does. Customer service was amazing!

A Campbell –


Easy, great rates and excellent service

Used Fast Cover many times and very good value for money. Very easy to get a quote and policy online and excellent customer service. Have had to claim twice without any hassles.

Alitas –


Amazing experience!

Fast Cover was recommended to me by a friend about one day prior to the commencement of my trip to Bali this year. I am so grateful I took her advice and took out a policy with Fast Cover. The second day of my trip to Bali my bag was stolen. I managed to submit my claim online using the online claim form. It was simple, fast and easy and I was able to continue to enjoy my two week trip knowing my claim was being processed. I was given regular updates on the progress of my claim and received payment within 10 days. I am so happy and was able to replace my phone hassle-free and didn't feel out of pocket from my experience. So happy with the service!

Emilie –


Traveller details have been changed to protect their privacy. Claims examples are from Fast Cover travel insurance customers from 1 July 2013 to 30 June 2016.

↟Based on 365 day Basics policy to New Zealand region for a single traveller 50 years old or younger with $200 excess.

Things you need to know

* See Product Disclosure Statement for full terms and conditions and exclusions and limits that apply. For travellers aged 80 and over, additional terms and conditions, limits and excesses apply.

# Available with our Comprehensive policies only.

** No cover is provided for pregnancy, childbirth or related complications unless it is a single, uncomplicated pregnancy up to and including 23 weeks. In any event we will not pay medical expenses for regular antenatal care, childbirth at any gestation or care of the newborn child. Complications mean any secondary diagnosis occurring prior to, during the course of, concurrent with, or as a result of the pregnancy, which may adversely affect the pregnancy outcome.

+ Statistics based on 'Travel by Australians' quarterly report for June 2013, 'Tourism Industry Facts & Figures at a Glance' September 2012, Cruise Industry Source Market Report: Australia 2013 and Fast Cover Customers.

2 5% saving is based on the cost of a Duo policy versus the cost of two single policies. Excess reduction discount based on excess reduction cost under a Duo policy versus cost under two single policies. Duo policies do not provide cover for any dependent children.

3 Children or dependants under 21 years old and not in full time employment covered for free when travelling with an insured adult. Excludes Duo policies.

4 Price based on an 18 day Basics policy to Pacific region for Single traveller aged 50 years old or younger with $200 excess.

5 Additional terms and conditions, limits and excesses apply to travellers aged 80-89.

6 Must be accompanied by a professional instructor or guide.