Choosing travel insurance feels overwhelming when you’re staring at dozens of policies online.
You want reliable coverage that won’t let you down when things go wrong, but how do you know which company actually delivers?
After 15+ years helping travelers navigate insurance decisions, I can tell you Allianz Travel is one of the most recognizable names for good reason.
In this detailed review, I’ll break down exactly what Allianz offers, where they excel, and where you might want to look elsewhere based on your specific travel needs.
In this article...
Plan Overview
Allianz Travel offers multiple plan tiers from basic trip protection to comprehensive coverage with Cancel For Any Reason options.
Their plans are designed for mainstream travelers who want reliable, straightforward coverage without too many bells and whistles.
Most suitable for travelers taking domestic trips or international vacations who prioritize brand recognition and solid customer service over cutting-edge features.
About the Company
Allianz Travel Insurance is backed by Allianz SE, one of the world’s largest insurance and financial services companies.
In the US, they underwrite their own policies and sell directly to consumers through their website and travel booking platforms.
They’ve been operating in the American travel insurance market for over 25 years and consistently rank among the top providers by market share.
The company processes over 2 million travel insurance policies annually, giving them extensive claims handling experience across all types of travel scenarios.
Allianz SE maintains an A+ rating from AM Best, indicating strong financial stability and claims-paying ability.
Recommended Plans
Up to $2,000,000 of Overall Maximum Coverage, Emergency Medical Evacuation, Medical coverage for eligible expenses related to COVID-19, Trip Interruption & Travel Delay.
Coverage for in-patient and out-patient medical accidents up to $1 Million, Coverage of acute episodes of pre-existing conditions, Coverage from 5 days to 364 days (about 12 months).
Up to $8,000,000 limits, Emergency Medical Evacuation, Coinsurance for treatment received in the U.S. (100% within PPO Network), Acute Onset of Pre-Existing Conditions covered.
Coverage Details
Allianz offers four main plan levels: AllTrips Basic, AllTrips Premier, AllTrips Executive, and OneTrip plans for single trips.
Medical Coverage: Ranges from $15,000 (Basic) to $50,000 (Executive) for emergency medical expenses overseas.
Emergency Evacuation: All plans include $250,000 to $1,000,000 evacuation coverage depending on the plan level.
Trip Cancellation: Covers 100% of non-refundable trip costs for covered reasons including illness, severe weather, and job loss.
Trip Interruption: Provides 125% to 150% of trip cost if you need to cut your trip short.
Baggage Coverage: $500 to $2,000 per person for lost, stolen, or damaged belongings.
The coverage levels are competitive with industry standards, though not always the highest limits available.
✅ Pro Tip: Allianz’s AllTrips Annual plans can be excellent value for frequent travelers. If you take 2-3 trips per year, the annual coverage often costs less than buying individual trip policies.
Features
| Coverage Category | Basic Plan | Premier Plan | Executive Plan |
|---|---|---|---|
| Emergency Medical | $15,000 | $25,000 | $50,000 |
| Emergency Evacuation | $250,000 | $500,000 | $1,000,000 |
| Trip Cancellation | 100% of trip cost | 100% of trip cost | 100% of trip cost |
| Trip Interruption | 125% of trip cost | 150% of trip cost | 150% of trip cost |
| Baggage & Personal Effects | $500 | $1,000 | $2,000 |
| Travel Delay | $300 | $500 | $600 |
Plan Highlights
Multiple Plan Options: Four different coverage levels allow you to match protection to your travel style and budget.
Annual Multi-Trip Coverage: AllTrips plans cover unlimited trips up to 30-45 days each throughout the year.
Pre-Existing Medical Condition Coverage: Available when purchased within 14 days of initial trip deposit and other conditions are met.
Cancel For Any Reason: Optional upgrade available for 40-50% additional premium, reimburses 75% of non-refundable costs.
24/7 Travel Assistance: Emergency hotline staffed by multilingual representatives for medical emergencies and travel disruptions.
Adventure Sports Coverage: Optional upgrade covers skiing, scuba diving, and other adventure activities often excluded from basic policies.
Rental Car Damage: Covers collision damage to rental vehicles as a primary policy in most cases.
Business Equipment: Higher-tier plans include coverage for laptops, cameras, and business equipment up to specified limits.
💡 Personal Note: I had a client whose flight was cancelled due to mechanical issues, causing them to miss their cruise departure. Allianz covered the cost to fly to the next port and rejoin the cruise – about $1,200 they would have lost otherwise.
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Exclusions and Limitations
Pre-Existing Medical Conditions: Only covered if specific stability and timing requirements are met, which can be stricter than some competitors.
High-Risk Activities: Standard policies exclude mountaineering, bungee jumping, and professional sports unless additional coverage is purchased.
Travel to High-Risk Countries: Limited or no coverage for travel to countries with active travel warnings or advisories.
Alcohol and Drug-Related Claims: Any incidents involving excessive alcohol consumption or illegal drug use are excluded.
Age Restrictions: Some coverage limitations for travelers over 70, and Cancel For Any Reason may not be available for all age groups.
Trip Length Limits: Annual plans typically cover individual trips up to 30-45 days maximum.
❌ Avoid: Allianz if you frequently travel to countries with active State Department travel advisories, as coverage may be significantly limited or excluded entirely.
Pricing Insights
Allianz pricing falls in the mid-range category for travel insurance.
Basic OneTrip plans typically cost 4-6% of total trip cost, while Premier and Executive plans range from 6-10% of trip cost.
Annual AllTrips plans cost $200-$600 depending on coverage level and can provide excellent value for frequent travelers.
Cancel For Any Reason upgrades add approximately 40-50% to the base premium but provide the most flexible cancellation coverage available.
The pricing is competitive with other major providers like Travel Guard and WorldNomads, though budget providers may offer lower rates with reduced coverage.
Pros and Cons
| Pros | Cons |
|---|---|
| Strong brand recognition and financial stability | Medical coverage limits lower than some competitors |
| Multiple plan tiers for different budgets | Pre-existing condition requirements can be strict |
| Excellent annual coverage for frequent travelers | Higher pricing than budget alternatives |
| Comprehensive 24/7 assistance services | Limited coverage for high-risk destinations |
| Easy online claims filing and tracking | Cancel For Any Reason only covers 75% |
| Good reputation for claims processing | Age restrictions may limit options for seniors |
Ideal Buyer Profile
Allianz works best for mainstream travelers who want reliable coverage from a well-established company.
Perfect for families taking annual vacations, business travelers needing consistent coverage, and frequent travelers who can benefit from annual plans.
Not ideal for: Budget-conscious travelers seeking the lowest possible rates, adventure travelers needing extensive high-risk activity coverage, or travelers with complex pre-existing medical conditions requiring more flexible underwriting.
Digital nomads and long-term travelers may find better value with specialized providers offering longer coverage periods.
User Feedback
Allianz generally receives positive reviews for customer service and claims handling efficiency.
Trustpilot rating of 4.1/5 stars based on thousands of reviews indicates solid customer satisfaction.
Users frequently praise the easy online claims process and responsive customer service representatives.
Common complaints include strict pre-existing condition requirements and coverage limitations for certain destinations.
ℹ️ Fun Fact: Allianz processes over 95% of claims electronically, resulting in faster reimbursements compared to traditional paper-based claims processing.
The Better Business Bureau gives Allianz an A+ rating, though they note some recurring complaints about claim denials related to pre-existing conditions.
Alternatives to Consider
Travel Guard: Offers similar coverage with sometimes higher medical limits and more flexible pre-existing condition coverage.
WorldNomads: Better choice for adventure travelers and digital nomads with longer trip coverage options and adventure activity inclusion.
Compared to Generali Global Assistance, Allianz offers more plan variety but may have lower medical coverage limits on basic plans.
For comprehensive cruise coverage, specialized cruise insurance providers often offer better evacuation limits than Allianz’s standard plans.
For comparing multiple travel insurance options including Allianz, you can explore different policies here.
Final Recommendation
Allianz Travel Insurance offers solid, reliable coverage backed by one of the world’s largest insurance companies.
The multiple plan tiers and annual coverage options make them particularly attractive for frequent travelers who want consistent protection.
While not always the cheapest option, they provide good value for travelers who prioritize brand stability and comprehensive customer service.
Choose Allianz if you want mainstream coverage from a trusted provider and don’t need specialized adventure or long-term travel protection.
Consider alternatives if you need higher medical limits, more flexible pre-existing condition coverage, or budget-friendly basic protection.
Always review the full policy wording carefully before purchasing. Safe travels!
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Can Save Up to 30%!
