RATESDOTCA Review: Price Comparison Website for Travel Insurance
RATESDOTCA lets you compare prices of more than 12 Canadian travel insurance companies online in just minutes. Formerly known as Kanetix, their price comparison site was rebranded in 2020. Rates.ca and its RATESDOTCA branding (yes they decided to shout it at you!) is a division of Kanetix Ltd., a Canadian corporation.
In 2011, according to Canadian Underwriter , the founders of Kanetix sold their ‘insurance marketplace’ platform to Monitor Clipper Partners (MCP) – a USA-based private equity firm. Then in 2018, Kanetix Ltd. was acquired by the Ontario Teachers’ Pension Plan, which refers to Kanetix Ltd. as, ‘Canada’s largest digital customer acquisition platform and marketplace’. Big money stuff.
Far from being a travel insurance specialist, RATESDOTCA is an aggregator of information where you can compare rates on a variety of financial products, including:
- Home, condo, and tenant insurance
- Car (or motor cycle) insurance
- Life, critical illness, or health and dental insurance
- Travel insurance
- Credit cards
- Investments like GICs, RRSPs, TFSAs and bank accounts.
While they do provide great price comparison information, RATESDOTCA is not a licensed travel insurance agency – they aggregate the information from several companies, and then let you buy directly from the insurance company that you choose.
- Fast and easy way to compare Canadian travel insurance quotes.
- You can get insurance directly by using RATESDOTCA online in under ten minutes.
- Rates can be the cheapest in the industry – using a wide selection of companies helps. The wider the selection, the better the pricing.
- Nice web interface makes it easy to walk through the quote process.
- You can compare travel insurance plans side-by-side, and even contact the insurance company directly if you have any questions.
- For Canadians travelling abroad, they have 13 companies to quote from (two more than BestQuote, the other travel insurance price comparison website ).
Disadvantages
- You need to purchase travel insurance before you leave on your province of residence. This is standard. There are a few companies that allow Canadians to get travel insurance after leaving on a trip – but you’d need to get a broker involved.
- The RATES site doesn’t let you specify different criteria for your search, like deductible or maximum policy limit. However, it’s simple enough to use their great compare plans feature to determine which plans meet your needs.
- You must provide your email. However, this is pretty standard for providing you a link back to your quote, and you can always opt out later.
- Because they are an aggregator and not a broker (who bears some responsibility for you making a good purchase), RATES won’t provide you with agent advice about why you need to answer yes or no to a certain question on the medical questionnaire, or tell you which company has been having delays in paying their claims, etc. So if you need to answer a medical questionnaire, or have unique questions and need personalized advice or assistance – using a specialist agency like BestQuote is more advisable.
- For Visitors to Canada (who are sometimes required to buy insurance to obtain a certain visa like ‘Super Visa Insurance’), RATES has only 10 companies to quote (six less than BestQuote).
How to learn more from RATESDOTCA
- Go to www.rates.ca
- Type your postal code.
- Select the options you’d like in the detail area. Leave the Trip Cost per traveller field empty if you don’t want trip cancellation insurance.
- Click the button. You may need to wait a few seconds for information to appear.
Important: If you’d like to have trip cancellation, there are two options. The first is to select the All Inclusive button at the top of the screen, but we found the insurance options to be quite expensive. A cheaper option is to select Single Trip . When your quote appears, you can click the Trip Cancellation tab at the top to see how much it would cost to add on trip cancellation insurance.
Tip: In the trip destination area, enter the country you will be visiting longest. If you’ll be spending an equal amount of time in different countries, select your final destination country.
Using RATES’ Compare Plans feature
This is one of RATES’ best features. You can compare travel insurance pricing and a few key details side by side. (Of course, that’s what all price comparison sites do, thats the value they quickly add to your research).
At the bottom of your quote, click COMPARE PLANS NOW. RATES then brings up a side-by-side comparison chart. The chart is very detailed (the sample below only shows some of the information available).
Adding Trip Cancellation to your Quote
If the plan you want doesn’t have trip cancellation, you can easily find the cost of adding trip cancellation by clicking the Trip Cancellation tab at the top of your quote.
Multi Trip (Annual) Policies May Save You Money, but…
If you travel multiple times in a year, consider getting a multi-trip quote. Multi-trip plans can be surprisingly affordable. RATES recently quoted $61.80 for single trip policy with Allianz for a two week trip to Mexico for two travellers, ages 42 and 36. A similar multi-trip policy with Allianz travel insurance was $140.00, making it a great value if you travel enough.
Make sure you read the fine print so you know the maximum time allowed per trip, and what the stability period is regarding how long any pre-existing medical conditions need to be stable (unchanged) for the policy to still cover any emergency medical expenses that can be directly tied to those underlying pre-existing conditions (for example, high blood pressure is related to cerebral and cardio vascular conditions so if that is considered to be an unstable condition, the policy won’t cover heart issues, or stroke issues. For multi-trip (Annual) policies, the stability period (i.e. 90 days, or 180 days, etc) needs to be met before each departure from your home province!
That means that, if you buy a multi-trip policy now thinking of taking three trips this year, but after the first trip you receive a change of prescription for one of your medical conditions, the multi-trip policy won’t cover that condition until AFTER the condition has returned to being defined as ‘stable’ (90, or 180 days later). Which means buying a multi-trip policy does present a bit of a gamble regarding future health changes. Keep that in mind.
You can get quotes for destinations worldwide, for durations from a day to one year. The details of the coverage depend on the specific insurance company and policy.
Even if you’re thinking about getting your insurance through a broker, do a search through rates.ca AND BestQuote to get an idea of competitive prices.
What Else Can RATES Do?
- RATESDOTCA offers a free insurance renewal reminder for any type of insurance. You don’t even need to purchase insurance from them to use this service.
- The site also offers some useful guidance and tips for travel insurance.
- There’s even an online forum where you can talk to other customers.
- You can also use RATES.ca to compare car, home, life, and commercial insurance rates, credit cards, and mortgage rates. They even offer pet insurance.
- Overall, rates.ca lets you compare travel insurance quotes for Canadians or visitors to Canada. The site does have a few minor bugs and inconveniences.
The information and content of this site is intended for general informational and entertainment purposes only. It is not intended as insurance, legal, financial, tax or any other professional advice or services. Insurance policy wordings are subject to change at any time, without prior notice. We are not responsible for errors or consequences from your use of this information. Read policy details to ensure that a policy is right for you.
Visit our new site.
Learn more about car insurance , home insurance , or travel insurance .
If you have a quote number from Kanetix.ca, one of our customer service representatives will be pleased to assist you.
Please call us at 1‑844‑726‑0907 to secure your rate.
Kanetix Ltd. is now RATESDOTCA Group Ltd.
If you're looking for Kanetix Ltd. our parent company has changed its name to RATESDOTCA Group Ltd.
Our family of search and compare websites attracts over 8 million Canadians looking to save on insurance and money products every year. Read more about our corporate company.
© 2022 RATESDOTCA Group Ltd. | All Rights Reserved.
Review: Kanetix.ca Travel Insurance for Canadians
Words by Dalene Heck / Photography by Pete Heck
A lot of people ask us whether we purchase travel insurance. We do. We don’t like to take the risk that we could end up having outrageously high medical bills in a foreign country. Fortunately we have not had to make any claims to this point in all of our travels, and I really hope that trend continues. But we will always continue to travel with insurance.
There is a new tool on the market to help Canadians shop for their travel insurance. It is the iOS app called Kanetix Travel App and you can find it here . The free app will provide an online quote comparison service for emergency medical travel insurance for Canadians. The app brings together with insurance companies in a one-stop shopping environment making it easy to find the right policy.
The app can help you find cheap vacation insurance (including for seniors and snowbirds), and the insurance quotes are from many of the top travel insurance companies throughout Canada.
Review of Kanetix Travel App:
The app is very easy to use. You first enter the destination you wish to go and it will bring up a screen dedicated to that destination.
You then can either look at information regarding that selected destination (weather, sights and history), and for even more in depth analysis you can click and be re-directed to the World Travel Guide website. The app even provides you with a generic interactive packing checklist very useful for anyone who forgets things behind.
Once decided where you are heading you can proceed with getting a travel insurance quote. The questions are very easy to answer and there are only 2-3 screens of information necessary in order to receive your quote.
Here is where the app is really helpful. Once you input your email address, the app will kick out the numerous companies and what their rates for your trip will be and for how much you are covered. Depending on location, duration of trip and the other inputted factors, your quote will be instantly displayed with the company selling the policy and the number to call them.
It’s really that easy. The only step left is making the call and booking your insurance policy to ensure you are covered for your travels.
And if you don’t book right away, the app will even send you a quick reminder asking you if you thought about buying a policy before you jet off.
The Kanetix.ca app is very user friendly and will get you a travel insurance quote fast. The travel guides within the app are good for basic information and the links to the World Travel Guides are helpful for those who like to plan off of guidebooks. The weather option is a little redundant as usually insurance is bought in advance and we would not use the app to solely check weather, but the travel checklist would be a handy item to make sure we didn’t forget anything important. Finally, we were a little confused with the necessity of the shake the device for a random country as we would probably never use this function, but nonetheless it is a fun little feature if you are bored and want to get an idea of what a policy will cost.
If you are looking to get an idea of what a travel insurance policy will cost give the Kanetix.ca travel app a try. it’s free, simple to use, and gives you numerous options based on what you are looking for.
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Kanetix to Deliver Travel Insurance Rates Direct from TIC Travel Insurance
Jan 10, 2013 | Posted by Insurance-Canada.ca
Consumers can now receive direct travel insurance rates on Kanetix.ca from TIC Travel Insurance
Toronto, ON (Jan. 10, 2013) – Travellers getting quotes for TIC Travel Insurance products on Kanetix.ca can now get rates directly from TIC, thanks to a recently launched interface. The new interface enables instant rates and online medical underwriting-straight from TIC via Kanetix.ca . This exciting initiative makes it easier for travellers to purchase coverage right away.
The new interface connects KANETIX directly to TIC servers. As a result, it’s quicker and easier for TIC to update rates and eligibility, ensuring shoppers always see the most current and accurate information.
The improved capabilities combined with a wide variety of travel insurance products, makes Kanetix.ca a great choice for travellers. Together, KANETIX and TIC are able to offer something to everyone from backpackers to business people; families to seniors and students to visitors looking to get travel insurance.
“We are so proud of our partnership with Kanetix!” says Karen Cullen, Regional Director of Sales at TIC. “They are passionate about the client experience and are at the forefront of the interactive online insurance market. For more than 10 years, we’ve been working together to create innovative online solutions so customers can get the right travel insurance quickly, conveniently and for the right price.”
“TIC has been a valued KANETIX partner for the last decade; their commitment to ensuring a great client experience is unwavering,” said Janine White, vice president of Marketplaces at KANETIX. “With this new initiative, we’re able to maximize accuracy and ease-of-use, produce an even more positive online experience and foster a longstanding relationship with the traveller.”
TIC is a travel insurance company. Our expertise comes from our more than 50 years of providing nothing but travel health insurance solutions in and outside of Canada. We take pride in being the caring, helpful experts travellers can rely on to help them enjoy a worry-free experience. After all, we know that having a safe and enjoyable trip is what travelling is all about.
For more information, visit www.travelinsurance.ca .
About Kanetix
Launched in October 1999, Kanetix was Canada’s first online comparison service for car insurance quotes and today provides over a million quotes per year to consumers looking for lower insurance rates, as well as comparisons for mortgage rates and credit cards.
The Kanetix comparison service is a one-stop shopping environment for consumers. Each day, thousands visit the Kanetix website at www.kanetix.ca to comparison shop their various financial needs. Shoppers choose what they want to compare, obtain a quotation and complete an online application or, with the help of Kanetix connect with the provider to purchase or apply for the product over the phone.
Through its Software as a Service team, Kanetix is also the leading provider of online insurance quotation technology, developing online quotation systems, mobile solutions, actuarial tools and websites for many of Canada’s largest insurance brands.
Source: Kanetix
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By Sarah Pritzker
Kanetix Insurance review
Kanetix / Shutterstock
Kanetix is an online insurance marketplace which allows Canadians to search through a large database of insurance providers and compare their policies. Insurers partnered with Kanetix provide policies for car, home, travel, life, health, pet, and business insurance. With the ability to find multiple quotes instantly and compare them to one another, insurance-seekers should be able to get lower rates and more suitable policies than they would if they were to approach a single insurer directly.
What we like about Kanetix
- Free and easy insurance comparison tool
- Good user experience overall
- Access to 50+ insurance providers
- Special discounts available
The most conspicuous advantage of using Kanetix is that it gives you access to multiple insurance providers simultaneously. This is beneficial for a few reasons:
Time : Contacting insurers and getting quotes from them one by one is a very laborious and time-consuming process. The Kanetix platform makes it easy to compare rates instantly and directly in one place.
Money : The long process of comparing rates on your own can wear down your resolve to do thorough research, and make you more likely to settle for one of the first policies that you find—regardless of whether or not it’s the best deal on the market. Simultaneously comparing multiple offers allows you to spot the most cost-effective rate more easily. As a bonus, Kanetix is totally free for users (Kanetix makes their money from the insurers instead).
Access : Kanetix works with a large network of insurers, including 90% of Canada’s auto insurance providers. Partners include Allianz Global Assistance, Allstate Insurance Company of Canada, CAA Pet Health Insurance, Desjardins Insurance Programs and Equitable Life Insurance Company, to name a few. Matching your needs to a large pool of insurers increases the likelihood that you’ll avail of any potential discounts applicable to you.
The Kanetix platform also has helpful features like a renewal reminder, which automatically messages you when it’s time to renew your insurance policy. This gives you room to make comparisons and get better rates before renewing. You can also utilize Kanetix as an educational tool to help you save money, because it offers interesting blog articles about reducing your driving and insurance costs; an insightful knowledge base to guide you in finding the best car insurance; and helpful insurance tips scattered throughout the website.
What we don’t like about Kanetix
- Not a direct insurance provider
- No live chat
- Search functionality could be more expansive
The disadvantage of using a search platform to find insurance rather than going straight to the insurer is that you aren’t dealing with the insurer directly during your evaluation process. As a result, some of your more specific questions about the insurance policy might go unanswered, unless you contact the insurer directly. And although Kanetix has strong customer service, it won’t help you if you have any complaints after connecting with the insurance provider and signing up for the policy. Furthermore, you are limited to the insurance providers that Kanetix partners with. Any providers not within the network will not show up in the search results.
Kanetix also doesn’t have a live chat, although there is telephone support. This may not make a difference to some customers, especially considering the massive amount of information made available on the website, but if you like using live chat to get quick, direct answers to your questions, you might notice its absence . Kanetix could also enhance the user experience by adding advanced search functionality based on policy limits, deductibles, and additional coverage options.
Eligibility criteria
Kanetix itself has no specific eligibility restrictions, and its providers work with Canadian citizens of all stripes: visitors to Canada, seniors, teens, etc. That said, not all types of insurance are offered for all of Canada’s provinces and territories, and individual insurance partners might have their own specific eligibility requirements from one to the next.
Types of insurance offered
Kanetix’s partners offer the gamut of insurance policy options, from comprehensive auto and travel insurance to homeowner and pet insurance. Here’s a more detailed look at what is available via this network:
Auto insurance
- Standard car insurance
- Classic car insurance
- RV and travel trailer insurance
- Motorcycle insurance
Liability coverage is available for $1 million or $2 million, with deductibles ranging between $500-$1000. Coverage can include liability, accident benefits, and direct compensation property damage, as well as optional items like collision, comprehensive coverage, rental car, loss of use, and depreciation waiver.
You can learn more about different types of auto insurance coverage by reading our complete guide to auto insurance in Canada .
Home insurance
- Regular home insurance for homeowners
- Tenant insurance for renters
- Condo insurance
- Title insurance
Homeowner’s insurance from Kanetix partners can cover your home, the contents within it, additional living expenses, and liability for your family or someone who is injured on your property. Rates for this type of insurance can start as low as $15 a month.
Tenant insurance is coverage for those who rent their living space . It can cover damage to the policyholder’s possessions, liability costs, and living expenses in the event that the rental becomes uninhabitable. Condo insurance provides similar coverage for condo dwellers. Finally, Kanetix stands out for offering title insurance, a relatively obscure type of insurance that protects your ownership of your home.
Travel insurance
- Insurance for Canadians travelling to different provinces, to the US, or elsewhere internationally
- Insurance for visitors to Canada
- Insurance for international students studying in Canada
- Snowbird travel insurance
- Super Visa Visitors to Canada insurance
Travel insurance can include single or multi-trip emergency medical, cancellation or trip interruption, baggage loss, and delay coverage. To find out more coverage details like rates, maximum and minimum trip duration, and eligibility factors, you’ll need to complete the short Kanetix questionnaire to request a quote.
Life insurance
- Standard life insurance
- Critical illness insurance
Standard life insurance policies pay out in the event of your death within the term of the policy, while critical illness coverage pays out if you contract one of the critical illnesses listed in the policy fine print. Rates and eligibility requirements vary depending on the specific insurer.
Health insurance
Insurers in the Kanetix network offer dental and vision coverage, coverage for prescription drugs, and extra private health insurance to give you additional medical care that goes beyond Medicare.
Pet insurance
- Alternative treatments
Pet insurance from Kanetix partners is available to protect your furry friends from all eventualities, including regular accidents, health issues and diseases, dental work and alternative treatments such as behavioral therapy and medical devices.
Business insurance
- Commercial auto insurance to cover vehicles you use for work
- Commercial property insurance for damage to your office, warehouses, and work premises
- Commercial general liability insurance that covers you in case of accidents, injuries, or property damage during the course of your work
- Errors and omissions insurance to cover the cost of accusations of professional negligence or malpractice
- Oil and gas industry insurance
Recommended read: Do you need small business insurance?
How to get a quote
Follow the below steps to obtain a quote from a Kanetix insurer:
1. Go to the Kanetix home page and select the type of insurance you’re interested in from the drop down menu. You’ll also need to enter where you live, and the relevant details about the type of item you are insuring. To get car insurance, for example, you’ll need to select your type of vehicle, tell Kanetix how you use your car, or how often you drive, and whether you have additional features like snow tires.
2. Next, pick the level of coverage you want. For example, for auto insurance, you can choose between minimum, standard, enhanced, or a customized policy.
3. If you choose to customize your coverage, you’ll select how much of a deductible you want for collision, the amount of liability coverage you need, and which additional coverage options you want to include in your policy.
4. Enter personal details like your name, gender, and date of birth. You’ll also need to provide information about your previous or existing insurance coverage, and for some types of insurance (e.g. auto) you may need to provide contact details like an email address and phone number.
Kanetix will then cross reference your information with the insurance providers in its network. This takes just a few seconds, and you are given a list of top results that are suitable for you.
Comparing insurers with Kanetix
The list of policies generated for you includes the insurers’ names, and breakdowns of both the monthly and annual premiums you’ll pay. You can run down the list of search results to see what your general quote average is, but there’s a much easier method of comparison:
Click on the yellow ‘Compare this rate’ button at the top of your results page.
Select two additional companies that you want to compare your lowest rate to and click the ‘See comparisons’ button below them.
Kanetix will put each of those choices in a chart side by side with the lowest rate it found (whose provider name is withheld), so you can see some background info about the different insurers and additional features that might be available for each policy.
You can select the policy of your choice by either calling Kanetix or scheduling a time for them to call you. During the call a Kanetix ambassador will confirm that you are the primary driver/registered owner of the vehicle you wish to insure, and will double check the quote details with you before connecting you to whichever insurance provider that you find most appealing. This conversation helps to ensure the accuracy of your quotes and your eligibility for the policies in question.
Filing claims with Kanetix
Because Kanetix is an insurance search platform, not a direct insurer, the claim process varies from one insurer in the Kanetix network to the next, and can also vary depending on the type of insurance policy in question. That said, below is the general claims procedure you can expect to follow:
- Get in touch with your insurance provider as soon as possible when you realize you need to file a claim. They will guide you through the process and tell you exactly what you need to do.
- Provide all of the documentation necessary for the claim to be processed. This may include a police report, appraisal, bills or receipts, and witness statements.
- Always keep a copy of your documentation for yourself.
Once the claim is submitted, you will be assigned an agent or adjuster to work with through the length of your case. This agent will help you get any additional information needed, make any adjustments, and represent you to third parties involved.
Ways to save extra money with Kanetix
There are several factors that affect the premiums you’ll pay for insurance. With auto insurance, for example, rates vary depending on where you live, how often and far you drive, and what type of car you drive. But there are a few strategies you can adopt to reduce your rates, and some Kanetix insurers also offers specific incentives that you can take advantage of as well. All of these discount opportunities are built in to the quote-finding process, so you’ll enter all your potential money-saving qualifications into the Kanetix quote-finding questionnaire, and the system will automatically search for providers that offer relevant discounts.
Increase your deductible
When you increase your deductible, your premium automatically goes down. That’s because you’re taking more of the financial responsibility upon yourself in the event that you file a claim and your insurance is required to pay. If you rarely or never submit claims, are a good driver, and/or are generally in good health, then increasing your deductible can be a good way to save on monthly premiums.
Roadside assistance
If you are signed up for roadside assistance, for example with CAA or through your credit card, you could qualify for a 15% discount on your insurance.
Policy bundling
You can save as much as 15-20% on your policy if you select home and auto insurance with the same provider.
Use-based program
A usage-based insurance program could land you a hefty 30% discount on your policy. Auto insurance providers that utilize this methodology for determining your insurance premium may measure the distance you drive, amount of time spent behind the wheel, average driving speed, etc.
Membership discounts
Kanetix partners also offer discounts for various organizational memberships. For example, if you are part of a student association, attend a certain university, work for specific employers, or are part of a professional organization or union, you might be eligible for a 30% discount.
Add safety features
Having certain safety features in place for the property you’re insuring can save you considerably. For example, putting winter tires on your vehicle can save 5% on auto insurance. Installing a home security alarm system can reduce your home insurance rates substantially.
Good driving record discount
Those without a history of at-fault road accidents and traffic violations can expect to pay lower premiums on auto insurance.
Vehicle type
Different vehicles come with varying levels of coverage and insurance premiums. For example, the most expensive cars to insure in Canada include the 2019 Ferrari 488 Spider, the 2014 Jeep Wrangler Unlimited Sport, and the 2005 Chevrolet Cobalt. If you’re in the market for a car and haven’t decided on a brand yet, opt for one of the low insurance premium cars like the 2010 Mazda B2300, 2013 Toyota Prius, or the 2018 GMC Sierra 1500.
Pay annually
Those who pay their premiums annually can expect a lower rate than those who opt to pay on a month-by-month basis.
Multi-trip discount
If you’re in the market for some travel insurance, consider purchasing plans that cover multiple journeys, which can ultimately help you pay less than you would if you were to pay for a separate policy for each trip.
Special Kanetix Gift Card
It’s not a policy discount, but if you sign up for the Kanetix email newsletter, you’ll be entered into a drawing for a $500 Amazon.ca e-gift card. The newsletter shares articles, news, and tips related to all types of insurance in Canada.
Customer service
Email : [email protected]
Phone : 1-888-854-2503
Mailing address: 360 Adelaide Street West, Suite 100 Toronto, Ontario M5V 1R7 Canada
Office Hours (Eastern time):
Monday to Friday: 8:00 AM to 8:00 PM
Saturday: 8:30 AM to 4:00 PM
Emails are typically answered within one business day (sooner if it’s during business hours). Kanetix has overwhelmingly positive customer feedback. It holds an A+ from the BBB, is TRUSTe certified, and has 4 out of 5 stars from Trustpilot.
Other Kanetix products
Though it’s best known as a platform for finding affordable insurance, Kanetix also offers a free mortgage search and comparison tool to help prospective homeowners find the best mortgage rates possible. You enter the value of the home you’re considering, the amortization period and mortgage amount you’re interested in, and the platform generates a list of potential lenders, interest rates, monthly payments, and other key terms of the mortgage. You can then enter your contact information to start the application process for the lender/rate you find most appealing.
Alternatives to Kanetix Insurance
InsuranceHotline.com is owned by Kanetix, but its partner network is smaller, and it refers users exclusively to insurance brokers, not direct insurers. Accordingly, side-by-side testing of Kanetix and InsuranceHotline.com yielded different suggested policy results for identical search queries.
InsuranceHotline.com’s user experience is also a bit different than Kanetix. On InsuranceHotline.com the user typically submits their contact information and is then matched to an insurance broker. The user can opt to either contact the broker themselves directly, or have the broker contact them, with no further interaction with the InsuranceHotline.com platform or its reps. On Kanetix, after a user executes a search they will receive a phone call from Kanetix personnel before they are connected to an insurance rate provider ( click here to learn more about InsuranceHotline.com ).
LowestRates.ca offers less types of insurance than Kanetix or InsuranceHotline.com, and although its platform operates in a similar manner, it seems to offer less options for finding potential policy discounts. For example, those seeking auto insurance are prompted to indicate if they are members of CAA, but are not given the option of indicating whether or not they have an alternative form of roadside assistance service (e.g. through a credit card). Tests of the auto insurance search platform yielded similar policy suggestions and prices to Kanetix and InsuranceHotline.com.
Why try Kanetix?
The fact that Kanetix works with such a large number of insurers is a major benefit to prospective policyholders; the wider the network of insurers, the more competitive a rate and tailored a policy an insurance aggregator can offer. This, combined with the platform’s very thorough checklist for getting policy discounts, make it worthwhile to at least try out the platform to see if it can save you some money.
Related articles
- Best travel insurance in Canada
- How to get life insurance quotes
- Compare the best car insurance quotes and companies
Sarah Pritzker has been writing for Money.ca since 2017, and loves learning about the latest trends in Canadian personal finance.
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7 Best Cheap Travel Insurance Companies in July 2024
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Finding the cheapest travel insurance is often a priority for travelers hoping to protect themselves and their finances while away from home.
But is it better to err on the side of affordable travel insurance or opt for a more comprehensive plan? That depends on your needs .
On average, a comprehensive plan that covers some combination of trip cancellation and interruption costs, medical coverage and baggage protection (and perhaps a number of other things) will cost you 5%-10% of what you paid for the trip, according to NerdWallet partner Squaremouth, a travel insurance marketplace.
That means a comprehensive policy for a trip that costs you $3,000 could run you anywhere between $150 and $300. Factors like the cost and length of your trip, the age of the travelers and how much protection you want can significantly influence what you pay for your plan.
Ultimately, Squaremouth recommends “the least expensive policy that offers the coverage [travelers] need.”
» Learn more: The best travel insurance companies right now
Factors we considered when picking cheap travel insurance plans
We considered a few factors as we looked for the most affordable travel insurance plans.
Price: If your goal is to find cheaper travel insurance, you want the price to be affordable.
Breadth of coverage: The best budget travel insurance is typically going to be a plan that offers a wide range of protections at an affordable cost, ensuring you’re protected with at least some coverage for a wide range of scenarios.
Uniqueness or customizability : While many travel insurance plans have similar protections, some stand out for particular coverage that can be helpful to certain travelers, like those needing to Cancel For Any Reason , those going on a cruise, or travelers with preexisting health conditions. We didn’t spring for the priciest plans with broad, deep coverage; instead, we picked those that meet a sort of budget "sweet spot" when it comes to cost efficiency.
» Learn more: Is travel insurance worth getting?
An overview of the best cheap travel insurance plans
We looked at travel insurance quotes for a hypothetical 10-day trip to Italy in October 2023. The traveler is a 40-year-old man living in North Carolina who spent $2,000 on the trip, including airfare.
Reliable but cheap travel insurance providers
1. axa assistance usa (silver plan: $70).
Why we picked it:
The $500 missed connection benefit is great for cruise and tour participants. It covers additional transportation, accommodations and meal costs when you miss a cruise or tour departure.
Full trip cancellation and interruption coverage, along with up to $25,000 for out-of-pocket medical costs and baggage coverage.
Among the lowest prices we found.
If you’re willing to spend a bit more than AXA's $70 Silver plan, a Gold plan only costs $19 more and gets you deeper coverage amounts and up to $35,000 in collision rental car insurance.
2. Berkshire Hathaway Travel Protection (ExactCare Value plan: $56)
Cheapest plan we found while still offering a wide array of protections.
Includes a preexisting medical condition waiver.
Add-on rental car collision coverage optional for $10 per day. You can pick how many days you want the additional coverage — it’s not all or nothing.
At $56, this plan comes in at less than 3% of the $2,000 trip cost.
3. IMG (iTravelInsured Lite plan: $77)
Treats COVID-19 like any other illness, which is to say, if your claim accepts flu, strep throat or appendicitis as an acceptable, covered condition, the coronavirus is, too.
Covers costs related to trip interruption up to 125%
Higher than normal limits on dental expenses, at $1,000. If your teeth are your Achilles heel (or your biggest fear), this plan might be for you.
The iTravelInsured Lite plan doesn’t offer some of the bells and whistles that other plans do, like rental car coverage , Cancel For Any Reason coverage or waivers for pre-existing conditions. But you’ll have relatively solid across-the-board trip protections.
4. John Hancock (Silver plan: $93 for a mid-tier plan)
Mid-level plan (as opposed to a basic plan) at an affordable price for travelers who want more coverage without paying too much.
Includes an optional Cancel For Any Reason add-on for travelers wanting flexibility. It is a bit pricey, at half the cost of the insurance ($46.50 extra for a $93 plan).
Reimburses up to $1,000 for lost baggage , far more than many basic plans.
Add-on rental car coverage for $9 per day.
At $88, John Hancock’s basic (Bronze) plan isn’t particularly affordable. But for just $4 extra, you can tap into the benefits of a mid-tier plan at still less than 5% of the total trip cost.
5. Nationwide (Essential plan: $76)
Includes a preexisting conditions waiver.
Add-on rental car coverage for $90.
Covers trip interruption at 125% of the trip cost while providing comprehensive emergency medical and baggage coverage.
6. Seven Corners (Basic plan: $75)
On top of standard trip protections, it includes a relatively affordable Cancel For Any Reason option for $31.50 extra.
If you plan to rent expensive sporting equipment, you might consider paying $10 extra to cover lost, damaged, stolen or destroyed gear.
COVID-19 coverage reimburses you for costs incurred if you have to quarantine .
Rental car coverage comes in at an affordable $7 per day.
Seven Corners’ Basic plan stands out because it offers a little bit of everything, appealing to athletic travelers, those who need affordable trip protections, those who want the flexibility to cancel for any reason and those still concerned about getting quarantined due to COVID-19.
7. Travelex Insurance Services (Basic plan: $71)
Straightforward: What you see is what you get. This plan’s coverage has fewer rules and caveats than many.
While not sporting the highest coverage amounts, it offers a solid range of protections to ensure you get at least something back when your travel is disrupted or you have a medical emergency.
Offers add-on rental car coverage for $10 per day.
At $71, the Travelex Basic plan’s cost is just over 3% of the $2,000 trip’s cost.
If you want to get travel insurance at the cheapest possible rate, here’s a trick. Put $0 as your trip cost, Stan Stanberg, co-founder of comparison site Travelinsurance.com said in an email.
“When excluding trip cancellation and trip interruption coverage the cost of a travel insurance plan goes down significantly,” Stanberg said.
That means you won’t get reimbursed if you need to cancel your trip or if it gets interrupted. But you may still have access to the plan’s medical, trip delay , missed connection, baggage and other protections.
You’ll often find comprehensive travel insurance plans cost 5%-10% of your total trip cost, according to Squaremouth. This will often get you full trip cancellation and trip protection, baggage protection, emergency medical coverage and often other benefits.
Typically, the more you pay, the broader and deeper the coverage.
For many plans, you can purchase travel insurance up until you depart. However, to get access to the most protections possible, booking two days to two weeks after making your initial deposit is the best rule of thumb.
That means you won’t get reimbursed if you need to cancel your trip or if it gets interrupted. But you may still have access to the plan’s medical,
, missed connection, baggage and other protections.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are some of the best travel credit cards of 2024 :
Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Autograph℠ Card
Flat-rate travel rewards: Capital One Venture Rewards Credit Card
Bonus travel rewards and high-end perks: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card
on Chase's website
1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.
60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.
1x-5x 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.
60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.
1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.
50,000 Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.
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Canada Travel Insurance Review
Travel insurance can kill a travel budget for anyone. We feel the pinch especially hard, since we’re buying travel insurance for a family of four.
*** quotes and details updated in 2024! ****
When I searched high and low for Canadian travel insurance comparisons and reviews for our upcoming trip, I found absolutely nothing to help me compare prices and insurance for our personal travel insurance needs (other than Kanetix (now called RATESDOTCA ). So I had to do hours of legwork to get the best prices and policies for our family, and I’ve shared them in this review.
For six months of travel, for a family of four, we got quotes ranging from $892.08 (but with only $250,000 in travel medical insurance) to an eye-watering $5,760 for worldwide travel medical insurance, including the USA.
Because everyone’s needs are different, we can’t tell you what travel insurance is right for you, or that one travel insurance company or travel insurance policy is better than another.
On top of that, prices and policies can change almost overnight, so do your own research.
This travel insurance review just lists the results we got when searching for travel insurance for our own family’s needs, at one point in time. All prices are in Canadian dollars, although some companies cover people all around the world.
In our search, we found that insurance almost always meant medical travel insurance, which included a set amount of coverage (usually one to five million dollars per person for travel accidents and illness).
Tip! Read the terms and conditions of policy wording and description of coverage to decide if the policy you choose is right for you. Insurance policy wordings can be subject to change at any time, without prior notice.
Many travel insurance packages that we looked at included coverage for baggage, trip cancellation, trip interruption and even emergency dental. We chose to only buy what we personally needed, and I think we saved a lot of money.
TuGo Travel Insurance
TuGo (formerly called Travel Underwriters) is one of Canada’s biggest travel insurance companies, and they surprised us with one of the best rates for our family.
To find more about TuGo travel insurance, click here.
- $1,627.11 for six months, for a family of four. The plan includes travel to the USA.
- $5 million emergency medical insurance.
- $300 USD deductible
- a medical plan benefit limit of $5 million
- 24-Hour Accident Benefit Limit $25,000.00
- Air Flight/Common Carrier Benefit Limit $100,000.00
- Baggage Benefit Limit $500.00
- Sum Insured After Departure $25,000.00
- We could also get additional non-medical plans, including optional baggage coverage, car rental protection optional coverage (for $2,506), trip interruption, accidental death and dismemberment, or trip cancellation & trip interruption.
Heymondo Travel Insurance
Heymondo travel insurance covers people worldwide, regardless of residency. You can get 24/7 worldwide assistance, with medical expenses coverage of up to 10 million USD. There are no deductibles or out-of-pocket expenses. There’s even a Heymondo app with a 24 hour medical chat and free emergency assistance calls. Heymondo is the first travel insurance company to offer a travel assistance APP worldwide.
You can see our Heymondo review here.
I really loved how easy it was to get a quote with Heymondo. I just selected the type of insurance (regular or annual multi-trip), chose my country of residence and destination, start and end dates, number of travellers, and email, and BOOM, my quote appeared on the screen. There was no need to painstakingly enter birthdates and names for each of the four of us, which I LOVED!
- For worldwide, excluding USA insurance, the cost for Heymondo Medical was a really competitive $1,680.10 USD ($420.02 USD/traveler)
- There is no deductible!
- That included a whopping $10 million USD emergency medical and dental expenses overseas. PLUS medical transport and repatriation home. The medical transport and repatriation home is a big deal to me, because if something really serious happens, I’d want to be transported back to Canada.
- You can also get insurance for worldwide, including the United States. For that, Heymondo Medical insurance was $2,082.42 USD, or $520.60 USD/traveler. That included $10 million USD emergency medical and dental expenses overseas, and medical transport and repatriation home.
Click here now to find out more about Heymondo travel insurance.
You can also get Heymondo premium insurance, which includes everything Heymondo Medical offers, plus different levels of insurance for baggage, travel disruption, cancellation and interruption. There’s also optional electronic, adventure sports, and cruise insurance.
One thing I personally really like about Heymondo is that you can buy insurance for a minimum of 90 days, even if your trip has already begun, and renew if you need.
Safety Wing
Safety Wing is a (relative) new comer to the travel insurance space.
SafetyWing insurance specializes in expat travel health insurance (called Remote Health Insurance), and global travel medical insurance (called Nomad Insurance), which we think is a great option for longer term travelers.
There’s one huge catch for Safety Wing insurance, though, and it’s a big one for Canadians.
SafetyWing won’t sell Canadians travel insurance while you’re physically located in Canada. You can cross the border in any way and buy insurance immediately when you have left Canada.
However, it’s the perfect choice if you’ve already left Canada and forgot to buy travel insurance, or you want to buy better coverage.
SafetyWing Insurance is available to anyone from any home country in the world (unless your home country is Iran, Syria, North Korea or Cuba, or if you have Cuba as your citizenship).
The base price for insurance is $56.28 for four weeks of coverage, not including coverage in the USA. That’s for one person, aged 18-39 years.
- A quote for one person for for six – four week periods (approx. six months) was $554.4 for six months, NOT including coverage in the USA.
- For all four of us, the cost was $892.08 for six – four week periods (approx. six months), NOT including coverage in the USA.
- A quote for all four of us for six- four week periods, which included coverage in the USA , was $1658.16.
- $250,000 medical travel insurance
Visit SafetyWing now to learn more.
RATESDOTCA (formerly Kanetix)
RATESDOTCA) is on online insurance quote consolidator. I’m a big fan, as I like that it lets me compare a number of travel insurance companies side by side, and they usually seem like a fairly good deal to me. They do all sorts of insurance, including home, auto, and tenant’s insurance.
To find out more about travel insurance on RATESDOTCA click here now.
Rates we found on RATESDOTCA were:
- MSH International, $1,106.22, Canuck Voyage Single Trip, $7 million medical travel insurance, $0 deductible
- Allianz Global Assistance, $1,130.21, Single Trip NonUSA, $10 million travel medical insurance, $0 deductible
- Destination Travel Group Inc., $1,389.04, The Destination: Travel Leisure Plan, $5 million travel medical insurance, $0 deductible
- MSH International, $1,471.38, Canuck Voyage Single Trip, $7 million medical travel insurance, $0 deductible
- Allianz Global Assistance, $1,550.14, Single Trip USA, $10 million travel medical insurance, $250 deductible
Click here now to find out more about RATESDOTCA travel insurance.
TD Meloche Monnex
We signed up with TD Meloche Monnex: Wide Horizons Solution on our last six month trip though Costa Rica, Mexico, Florida and Texas. Although we didn’t have to make a claim, their customer service was extremely professional and patient when answering all of my questions about the quote.
- Several years ago, we paid $947.80 for six months, for a family of four. Since we had home insurance with Meloche, we got a good discount on the premium.
- In 2024, I got an online quote for $2,434.40. That included $5 million for emergency medical expenses and 24/7 emergency assistance
BMO travel insurance is one of Canada’s biggest names in travel insurance, so I thought I’d try them out. From their website, I think you can only buy travel insurance with them if you’re a BMO customer.
- $1,809.54 for six months insurance for a family of four.
- $5 million medical liability.
- No trip cancellation, interruption or flight delay coverage.
What if you’re taking a short trip?
For trips of 60 days or less, you may already have coverage through a credit card with medical travel insurance perks. These often offer trip cancellation and interruption, along with baggage insurance. For Canada travel insurance, the cards we looked at were Scotiabank and BMO.
Note: If you decide to use only your credit cards built in travel insurance, make sure that you’re covered for the duration of your trip (you can often extend coverage for an additional fee) and that you qualify since some cards that include travel insurance have specific riders that might not cover you if you fall outside of their policies parameters.
Baggage coverage and personal effects coverage
Baggage coverage insures your bags while in transit (in airplanes, though this may extend to buses and taxis).
Personal effects coverage covers your belongings anywhere, on any portion of your trip. This sounds nice in theory, but I found that most policies had some serious exclusions. They would only cover losses with a police report (makes sense, but a police report can be pretty damn hard to get in a lot of countries). On top of that, most policies would not insure belongings that were unattended. That means that if your wallet is stolen from your beach chair while you’re body surfing, you’re out of luck. No coverage.
Even more important, most policies wouldn’t cover loss or theft of computers, cameras, or cell phones, or jewelry. Seriously. The only expensive things that most people travel with aren’t covered.
Here’s a little trick, though. If you have insurance on your home or tenant’s insurance, then your belongings might be covered on your trip. Usually there’s a limit (around 10% of the total coverage on your original policy), and your deductible applies to any claims while travelling.
Trip cancellation and interruption generally only cover the portion of your trip that you buy before you leave. Not especially useful for us, since we’re only buying a one-way ticket to Mexico before we leave, and the rest of our tickets will be bought once out of Canada. Not having a set itinerary means that we’ll buy onward legs (by plane, train, car, taxi, water taxi, ferry, cruise liner, or bus) as we need them. I couldn’t find a single travel insurance policy that would cover purchase of additional legs once we left home. Trust me, I tried. And tried.
A lot of Canada travel insurance reviews don’t mention this, but it’s important: If you’re gone for more than six months, ensure you get a written extension from your provincial health care plan (this applies only to Canadians).
Checklist for travel insurance:
- What is the amount of liability you cover?
- Is trip cancellation or trip interruption insurance covered?
- Is there a refund available for unused amount?
- What is the deductible?
- Do you offer a medical service assist, e.g., can you help me find a doctor or hospital?
- Is the policy good worldwide, including the USA?
- Can I top up my insurance once I’ve left on my trip?
- Can I buy my initial insurance after I’ve left on my trip?
Are you already overseas? Check out this post to learn how to get travel insurance if you’re already abroad !
After hours of research and banging my head against a wall, I found your website and your Travel Insurance Review.
THANK YOU, THANK YOU, THANK YOU!!! Based on the information you provided (very thorough!!) we have booked our travel insurance with TD Meloche Monnex Wide Horizons. Great company to deal with and very patient in answering any and all my questions.
I can’t tell how much I appreciate the detail and effort you afforded your readers!! The weight off my mind, in knowing, that we have great coverage for the time we will be away, is tremendous.
I only wish I would have found your site earlier!!
Australia here we come!!
Wanda, Thanks so much for the pat on the back. Hope you’re loving Oz. We were there for six months in 2004, and had a great time.
Thanks much! Used your link to Kanetix.ca and decided on Tugo. Much appreciate your efforts in this site! Cheers Lorin
Very helpful! Thank you for the detail in your post especially the “questions to ask” portion. Thanks again!
Thanks, Sydney! Good luck in your search!
I plan to keep in mind the list of questions you have mentioned. I find it helpful!
My husband and I are going on a Caribbean cruise next February 2013 going out of Miami Florida.We are from Ontario Canada. We are interested in all inclusive travel insurance and of course want good medical coverage.In the event of a serious medical problem we need coverage to include an airlift off the ship or by boat.We have gone on other cruises thinking that this was part of the medical coverage only to recently discover that not all plans cover this.Hopefully this would never happen but I have heard that this could happen if the ship couldn’t treat you if you were seriously ill or injured.Do you know which insurance companies cover this?
The Government of Canada has an informative article called Advice for Cruise Travellers . They say that you should “Purchase travel health insurance that includes at least $500,000 in coverage for accidental injury, hospitalization abroad, and medical evacuation at sea (the cost of medically evacuating a patient from a cruise ship by helicopter can easily reach $150,000).”
I looked a bit into specific policies to get you started, but keep in mind that I’m just a fellow traveller, not an insurance agent. Make sure you read your policy and chat with your insurance company for any clarification. You’ll need to call the companies directly to specifically ask if your specific policy covers emergency transport by helicopter while at sea.
I did a comparison quote search on Kanetix.ca , and came up with a couple of all inclusive policies that look like they cover an air ambulance. Click on the View sample policy link at the bottom of the quote to see policy details for yourself. Travel Guard Chartis Gold Deluxe’s policy notes that if you get “if Your attending Physician recommends Your return after Your Emergency Medical Treatment, and if approved in advance by Us, We cover, via the most cost-effective itinerary, one (1) or more of: … the cost of air ambulance transportation, pre-approved and arranged by Us”.
Just to note, the Group Medical Services TravelStar All Inclusive policy quoted at Kanetix does NOT cover a helicopter transport.
If you’re under age 60, World Nomads is a really good option. Their policy says “Once You have received Emergency Medical Care and Our consulting Physician determines You are able to and recommends that You return Home, We will arrange and pay for the following services and expenses to return You to Your province or territory of residence: … the cost of air ambulance transportation to the most appropriate facility in Your province or territory of residence, if the use of an air ambulance is required and Medically Necessary.” There’s a detailed review of World Nomads here .
Another option is RBC insurance. They have a great reputation, but you need to be an existing RBC client, spouse or child of the client. They’re the only company I’m aware of that offers unlimited emergency medical insurance (most companies cap at $1 million or $5 million).
The exact policy you get with RBC depends a lot on your age. I looked at an RBC policy quoted for people under 60, and the policy said they would pay for return to your departure point, “when pre-authorized and arranged by Assured Assistance Inc., when medically essential: the cost of air ambulance transportation if it is medically essential.” You can get an online quote with RBC at this link: http://www.rbcroyalbank.com/travelinsurance/index.html . Just be aware that you may need to buy a trip cancellation insurance add-on with them.
I think you should be able to get emergency air evacuation at sea included with one of these Canadian companies. However, if that fails, there are a couple of international companies (that cover Canadians) that specialize in medical evacuation insurance. They’re MedjetAssist and International SOS .
There’s a checklist that you can use for asking questions when getting a quote at Canadian Travel Insurance Review .
Hope that helps a bit!
Happy travels!
Excellent site. Plenty of helpful info here. I’m sending it to some buddies and additionally sharing in delicious. And certainly, thanks for your sweat!
Can you suggest an insurance provider for ON resident, aged 63. Planning a 9 month trip through USA & Bahamas.
Hi Ray! Recommending a specific provider is pretty tough – it depends on so many things – preexisting conditions, what kind of coverage you want (basic medical, cancellation, interruption, baggage, or some mix), and how much you want.
I always suggest to start with Kanetix to get a comparison quote, which will at least give you a baseline price you should pay, as their quotes tend to be pretty competitive. Squaremouth also gives quotes (there’s a review of Squaremouth here ), and they have some really cool filters.
Sounds like a great vacation, by the way!
Hi, My bank (royal bank) tells me that our royal bank avion infinite visa has travel/medical insurance for when we travel. They said if I purchased a travel/medical insurance policy from the bank, it is a mirrored one of the one our visa offers us. Assured Assistance is the company that takes care of the insurance. Any info or advice would be appreciated thanks
Thanks so much for checking out our review. The RBC Avion Infinite Visa has a fairly travel insurance package , which includes medical, cancellation, flight delay, trip interruption (but not cancellation!) insurance and travel accident insurance.
There are a few potential differences between the Avion credit card insurance and the bank insurance policy: -The RBC Avion credit card insurance is multi-trip insurance, meaning it insures you for multiple trips, but each trip is only 15 days in length, if you’re 64 or under (and 3 days per trip if you’re over 65). You can purchase additional insurance for an individual trip. – You must charge the full cost of your trip, including flights, accomodation, and hotel to the credit card for the RBC Avion credit card insurance to be valid – RBC Avion insurance provides Auto Rental Collision/Loss Damage Insurance, which I don’t think is included in RBC’s bank travel insurance policies
We’ve written a review of RBC’s travel insurance plans on our Canadian Travel Insurance Review site (which we started when we saw how much need there was for an independent look at travel insurance in Canada). There’s also a checklist of questions to ask when you get a travel insurance quote .
Hope that helps. Really, I know it’s about as much fun as watching paint dry, but you should sit down with both insurance policies certificates of insurance (and a really strong pot of coffee) and compare them to make sure they meet your needs. You can get a copy of the RBC Insurance and Protection Booklet through the insurance and protection tab on the RBC Visa Infinite Avion web page , and view the RBC bank insurance policies through the RBC Travel insurance site .
Have a wonderful trip!
Awesome information. You should make this a little ebook and sell it. Thanks a bunch.
Thanks Kate! I’m so glad that it helped you.
wow.. what a blog…it tells me about travel insurance and i am also looking for that kind of information…this blog helps me… thnx for the post… i like it..
Little confused about travel insurance and health insurance. I’m an American and need health insurance for 3 months.I will be in Toronto for next 3 months. Can someone help me to find a link or web site to buy only health insurance for 3 months ? Does Credit card provide health insurance only ?
Thanks for visiting. You can buy insurance for only three months from almost any company – that shouldn’t be a problem. The insurance provided by a credit card really depends on the card – all cards are different, so you’ll have to look at the travel insurance terms carefully. As an American, you’ll need to get a American credit card. I’m not overly familiar with American credit cards, but American Express may be a decent place to start, as I know they offer travel insurance on some of their cards.
I see on some credit union websites that included with their Gold and Platinum Mastercard credit cards is free travel medical insurance up to age 75 and up to 31 days travel with no deductible and preconditions! By comparison bank premium credit cards offer similar coverage but only to age 65.
I did talk to the people there who confirmed the above info. However to get more than 31 day coverage they referred me to their insurance partner who could do the top-up coverage. I did talk to them as well but found the top-up coverage more expensive than my existing insurer TD Monnex Meloche.
In any case the base coverage through the Cuets credit card is particularly good for retirees over 65 up to age 75. The Cuets people also told me that I was not obligated to purchase the top-up insurance from their partner so I could shop around for the best price.
Have you any more info on purchasing a credit card through a credit union and getting their travel insurance package?
I am 67 years and thankfully in great health, however while looking for travel insurance, I can only get a quote for anyone 60 and under – all others must call in and speak to an agent. I have answered 3 pages of medical questions – all No, No, No, and it seems that they don’t believe me. I am still asked to call a 1-800 number. I think this is age discrimination. Why do they think that everyone over 60 is on medication or had operations? I do not even take headache medicine!!!
It’s definitely age stereotyping Bernice. Just like car rental companies charge more for under 25 drivers regardless of their history. The simple fact is that most people over a certain age are more likely to have had complications in their past and are more likely to have some on their trip. It sucks they make you jump through more hoops however consider yourself fortunate Bernice that you’re in great shape and your premiums will be a lot less than others who aren’t as lucky.
Insurance is just a math game based on likely odds that at the end of the day the company is making more money than they’re paying out. We buy insurance on the principle that if the odds aren’t in our favor that we don’t lose everything we have paying sometimes exorbitant health costs. It really is just like gambling. If on a much more serious level.
Have fun on your trip!
I’ve been using Kanetix to find better insurance rates for everything and it seems to work fine–fast too, and saves you the trouble of entering all your info. multiple times. Reputable companies come up in the quotes and the site normally gives you about 5 options in the final quotation which you can easily revise and compare for different options.
Once you get older, the insurance provided on a credit card may no longer be available (I believe it cuts off at age 60 or 65 for most credit cards). Also, rates from most of the banks are too expensive, except for car and house insurance which I obtained excellent rates from TD Insurance (don’t know if they also provide travel insurance since I did not ask, but I guess they probably do as they are in the credit card business too).
This is great! I’m looking into the medical insurance required for the youth mobility visa to Spain and its been a headache! Its for a year and requires hospitalisation and repatriation for over 3 million canadian dollars. I wanted to ask you about the written extension from the provincial health care plan. What is this about?
Your detailed info on travel insurance was fantastic. It just saved me over $200 and we got better coverage (comprehensive) via TD Meloche Monnex as we have home and auto coverage with them.
Thanks so much
It would be helpful to make it clear that World Nomads will not cover anyone over age 59. Took 10 minutes of searching their website and a phone call to be told they don’t insure seniors by not offering any policy options at all. Haven’t worked my way through the other options yet
Thanks for letting us know Susan. We’ll add it to the post.
I’m interested to know if you found any that didn’t require you to have Canadian provincial coverage? My trip will be too long.
Hi Wes, what you need to look into is Canadian Expat Insurance. Expat insurance will cover you even though you don’t have Canadian provincial health care coverage. That’s especially important if you plan to be out of the country longer than your province will allow.
Most people don’t realize that nearly every Canadian travel insurance policy offered requires continual provincial health care.
Some provinces allow you to leave for extended amounts of time so it’s worth looking into that first. Check out this article . It has links to every provincial health care site and some good information about Expat Insurance.
Hope that helps!
Incredibly helpful article. You seem to have quite a lot of information about Canada travel insurance and that’s great that i came to learn about it.
Thanks, this was very helpful, especially pointing me to Kanetix. I dive and snorkel, so it’s important I don’t have exclusions because of that. If you are ever in Penticton, let me by you a beer!
Came here to throw my support behind World Nomads. They have been easy to use for me (2 years straight) and I really appreciate being able to extend my travel insurance on the road. As far as I know, WN is the only travel insurance that allows that!
Thanks for the comprehensive comparison of travel insurance providers. For those of us over 65 years of age, finding travel insurance can be very pricey if they will even insure us.
Next question: do you have a similar listing of ex-pat insurance?
Hi Bill. The truth is there isn’t that many Canadian expat insurance providers out there and pretty much none online. The vast majority of travel insurance companies in Canada require you to maintain your provincial medical plan and, as you probably know, most only give you 3 to 6 months to be away without written authorization.
We’re actually in the process of writing a post just for Canadian Expats and we’ll make sure we update this post with the link once it’s up.
Very good article.
I just have one confusion.
What if during my date of return say April 1st and for some reason no planes are flying for whatever reason. My medical insurance is only up to April 1st. On April 2nd, I got sick or have an accident, will I be covered?
It really depends on your plan. Some policies will automatically be extended if there are issues and others end on their allotted day regardless of the reason.
I would definitely recommend contacting your insurance provider if your trip gets extended for whatever reason and do it before your policy is over. When it comes to insurance, it’s better to err on the side of caution than to risk not being covered.
So helpful, thank you for this detailed analysis and keeping it up to date!
Hi there! Thanks for this. First time buying travel insurance and there’s a lot to learn. I’m travelling to India so I’m primarily worried about my belongings (camera, laptop, phone, dive gear) and hospital bills if I get sick. Seems WorldNomads is my best option. Quick question.. Could you elaborate on what you mean when you say: A lot of Canada travel insurance reviews don’t mention this, but it’s important: If you’re gone for more than six months, ensure you get a written extension from your provincial health care plan (this applies only to Canadians).
What is a ‘written extension’? What is the issue if one hasn’t gotten it?
Thanks in advance for any information!
These points are very helpful. Thanks for sharing!
Hi there Charles and Micki,
Any suggestions on which company would offer an extension after the 1 year is up? I like the World Nomads so that it would cover my gear – but they only do 1 year at a time and I would have to return to Canada to get another year. Thank you for your time.
Hi Kevin, that’s the million dollar question these days since the vast majority of Canadian travel insurance policies require 2 things. The first is that you maintain your provincial healthcare and the second is that the trip commences in Canada.
In that sense, World Nomads is great. Though they still require you to maintain your Canadian healthcare, you can actually purchase their travel insurance after you’ve left Canada. I’m not 100% positive but I do believe they only allow 1 year trips so I’m guessing that’s the quandary you’re in.
If you haven’t left Canada yet, you should look into Travelcuts . They’re about the only company I can think of that offers travel insurance for Canadians for trips longer than a year. We actually used them for our first year long RTW way back in the day and they were good to deal with.
If you’re already travelling, my only suggestion is to return to Canada for a quick visit and then get another year of coverage with World Nomads or another insurance company. If that’s not possible, you’re last option (besides going without, which I don’t suggest doing) is you need to look into Expat insurance.
The nice thing about Canadian Expatriate travel insurance is you don’t need to maintain your provincial healthcare while you’re gone so if you live in one of the provinces where you have to pay monthly premiums, you can at least save on that. The funny part is that it can actually be cheaper than normal travel insurance and you don’t even need to buy it from a Canadian company.
That said, there are only a few that we know of in Canada at this moment. You can check out this post regarding Expat insurance and the companies that cover it. Unfortunately, you can’t buy any of them online easily so you might need to contact them to see what they can do for you.
Good luck and safe travels.
Very wealthy information. And those key points in which you had mentioned is very useful and also some valid points too. Really nice thank you so much
Excellent Article. I ended up using TUGO as a direct result of this article and saved $160 over using my regular RBC travel insurance, so thank you very much. TUGO worked best for us as we only needed the travel medical. All else such as travel accident, travel cancellation is covered because I purchased my tickets with my RBC credit card. If I needed everything, I think I would have gone with Nomads
Great article. It is always good to know what are the options available. However, TIC travel insurance (mentioned in the article) has been overtaken by Allianz Global Assistance what is one of the insurance giants worldwide. The website remained the same though. I was able to find cheap premiums for Medical Policies for a month or even for annual plans for frequent fliers like me that is always onboard a plane going somewhere because of my job.
Hello, We went onto kanetix.ca website and received a quote for Ingle International. Has anyone used this company and experienced a positive or negative situation? I went to the http://www.travelinsurancereview.ca website and this company was not listed. They gave us a great rate $442 for 5 months and family of 4 for travel medical top-up insurance for 90 days and I am sceptical. We are also traveling to Egypt where there is a travel advisory for non-essential travel and this has been the only company that has told us we would be covered if we traveled there in the travel advisory zones. Any advice would be helpful. Thank you!
This is amazingly helpful! I’m a bit surprised TravelCuts (Also known as Merit Travel, they are backed by Allianz) was buried down the list a bit as their coverage and premiums are incredibly reasonable. You can get budget plan B which is basically just medical with some trip cancellation and it is MUCH cheaper (I’m talking nearly half price) of most of the other leading insurance places. I had never heard of them and was just going to go with World Nomads again which is fine, but WN seems to builds in a ton of other stuff in their policies which I can never use or wouldn’t bother. Personal effects and trip cancellation just has too many loopholes it seems. TravelCuts doesn’t even have a deductible either! I phoned to confirm. This is now my go-to. Thanks for this great info I wouldn’t have found them without this site!
Here is a real doozy for you! World Nomads no longer offers Canadians coverage past 365 days. I have been aboard 360 days and need to buy new insurance. I have looked at most of the sites here, however most of them do not 1) include on option to list multiple destinations (I will be in Thailand, Sri Lanka, India, Cambodia and Laos) and 2) do not offer an option for residents of the Northwest Territories! I am completely stumped. Losing World Nomads was devestating, especially as they used to allow to extend past 365 days. Any ideas of companies that will cover multiple countries AND NT residents?!?! And as a backpacker i am trying to stay on the budget savvy side so the big banks are not really an options.
Thanks for all the info on this, there is a lot out there for UK and USA residents, not as much for Canadians!
Brittany, if you’re out of Canada for that amount of time chances are that your provincial healthcare is no longer valid however that depends on which province you live in and if you’re a student outside of Canada. I believe that only Alberta (and perhaps NWT) allows you to be outside Canada for a year just backpacking around and maintain your healthcare.
That would be the first thing I would look at and, then following that line, I would look into Expat Insurance. There are only a few Canadian companies that offer it however, since it doesn’t require them to deal with your provincial healthcare if they need to make a claim, you can look into expatriate insurance providers from any country.
You’ll definitely be paying a little more for Canadian Expat Insurance however you can rest easier knowing that you’ll actually be covered. Some provinces cancel your provincial healthcare after only a month abroad if you don’t contact them and pretty much every Canadian travel insurance provider requires you maintain your provincial healthcare while you’re gone.
You can check out this post which talks a bit about it and has the relevant links to every provinces regulations. Good luck!
Thanks so much Barefoot Nomad! I checked my usual places for insurance, and my insurance/medical company, and banks and all crazy high. I did a quick search for reviews/advice and found your blog. So glad I did. I really only needed trip cancellation as my work insurance covers me for medical, but this World Nomads basic plan was includes medical and nice limits on trip cancellation. It was at least $50 less then the others I looked at ($120 for a 20 day trip) and far more comprehensive.
I’ll keep an eye on your blog, looks like I can learn a lot from you 🙂
Thank you for writing this useful tips. it might be help me in future.
I’m 62 years old and heading to a remote area of Ethiopia for a mission. It is not currently under any travel advisement from the Canadian gov’t, but I guess you know how things can go. What’s my best option for what might be considered a moderately dangerous trip at age 62?
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What Happened to Canadian Rate Comparison Site Kanetix?
By Heidi Unrau | Published on 18 May 2023
Thanks, Kanetix. Just over 20 years ago, a website launched and revolutionized how we shop for financial products. Why? Because for the first time ever, Canadians could instantly compare car insurance quotes online.
Kanetix was a huge hit. The site grew and quickly became a one-stop-shop for bargain hunters looking for the best mortgage rates , credit cards , and more. Wait a second, that sounds familiar… Kanetix cracked the code and spawned innovation from sites like Hardbacon .
Kanetix discovered a massive untapped market, disrupted the insurance industry, and changed how we shop. But unless you live in Ontario, you might not recognize the name. So what’s the deal with Kanetix and where are they now?
Did Kanetix go out of business?
No, they crushed it. Kanetix grew into Canada’s foremost comparison site and online marketplace for insurance policies and other financial products. They even caught the attention of major publications like The Globe and Mail and Toronto Star, to name a few.
On the site, users could compare rates among countless providers to find the best price for their needs. Eventually, Kanetix launched a mobile app to make price-shopping even easier and more accessible. A chronic pain point for Canadians was finally soothed like a digital dose of codeine.
Over the years, Kinetex acquired several other sites, including Rates.ca. The insurance lineup expanded from just car insurance to home, life, health, travel, pet, and business insurance too. Eventually, mortgages and credit cards were added. Users had access to multiple products from several providers simultaneously and could apply for the best one at the tap of a button.
Kanetix became a household name
By 2015, Canadian consumers could shop like a boss, make educated decisions, and connect with hundreds of companies, brokers, and financial institutions. Kanetix grew to include a wide range of financial products but insurance remained their meal ticket.
Eventually, Kanetix owned a ménage of brands that included the likes of InsuranceHotline.com, ComparaSave.com, Shopinsurancecanada.ca, and RateSupermarket.ca. If you used a website to compare anything personal finance-related, there’s a good chance Kanetix owned it.
Fast forward to 2018, when Kanetix unlocked even more bragging rights. They were named one of Canada’s Top Small and Medium Employers. The Toronto-based company announced it would expand into Welland, Ontario to create 100 new jobs in the region.
Then, Kanetix partnered with tech company Integrate.ai to become the first insurance technology company (InsureTech) in Canada to use artificial intelligence. With better data, they improved the customer experience for users and optimized marketing strategies.
By the end of August that same year, the largest single-profession pension plan in Canada entered the chat. The Ontario Teacher’s Pension Plan bought Kanetix for an undisclosed amount.
Where are they now?
Today, Kanetix and its group of affiliates serve over 8 million Canadians each year. But they don’t have the same name. In October of 2020, Kanetix rebranded to RATESDOTCA. Papa might have a brand new bag, but the stuff inside is the same. Now, most of the tools Canadians need to shop smarter are consolidated on one easy-to-use site with a fresh new look.
Hardbacon vs. Ratesdotca
But if you want to do more with your money beyond rate-shopping, you need better tools. Hardbacon helps you compare financial products too, but we didn’t stop there. We have a free, all-in-one personal finance app used by more than 39,000 Canadians to help you plan, budget, and invest.
The Hardbacon website provides all the same features from the app, plus even more comparison tools for things like flights , hotels , insurance , loans , and more. We help you take total control of your money with 26 financial calculators and educational resources covering every personal finance topic. We even have tools and resources for the crypto-enthusiast.
Heidi Unrau
Kanetix Ltd. Review
In less than 5 minutes find out if you’re overpaying for car insurance by comparing quotes from 30+ insurance providers.
The best part? It’s FREE
Kanetix.ca is now RATESDOTCA
Kanetix was incorporated in 1999. Founders George Small and Gregory Ellis wanted to create a better customer experience for Canadians looking for insurance. You can currently get quotes for car insurance from Kanetix if you are living in Ontario, Quebec, Alberta, New Brunswick, Nova Scotia and PEI.
Insurance Offered by Kanetix.ca
You can get instant insurance quotes from Kanetix for a variety of policies including business, auto, property, critical illness, life, travel, and motorcycle insurance. After you compare prices you can apply online or contact a Kanetix Insurance representative directly to get the insurance you’ve read about on their website. The company has a page with a lot of glowing testimonials from people that have used the company’s services in the past.
What Does Their Auto Insurance Cover?
Like most car insurance policies, Kanetix provides liability, property and medical coverage. The liability portion pays for any legal repercussions that may come from causing property damage or bodily harm to others. Property protection will pay for any damage to your vehicle. The medical coverage portion protects you against the cost of rehabilitation, injury treatment and in some cases funeral expenses and lost wages. The exact things covered on an insurance policy will be dependent on your insurance company and the auto insurance policy that you choose. Kanetix has an extensive website so visit it to find out more about their specific product offerings.
Kanetix in the United States
Kanetix has launched a website for the US market. Kanetix.com allows Americans the opportunity to get insurance quotes and compare prices, just like the Canadian Kanetix website.
According to the Kanetix website, the name “Kanetix” comes from the word kinetic “meaning active, dynamic and energizing.” The site also says that the “kan” part sounds Canadian, the “k” part is to be different, the “net” part is because “that’s our business” and the “x” shows the “transfer of information through motion.”
Suppliers & Partners
Their are a number of well-known companies listed on the Kanetix website as being associated with the company. These include CAA, belairdirect , RBC Car Insurance, Intact Insurance, Allstate Insurance , and AXA . If you do further research there are a number of other companies listed as suppliers including Aviva Canada , BMO , Chieftain Insurance , Coachman Insurance , Co-operators and Desjardins Insurance to name a few.
Auto Insurance News
Kanetix has a useful news section on their website with the latest information about Canadian drivers, insurance across the country, financial tips and current topics in the insurance world. The website contributes 20-30 news articles every month on a variety of personal finance topics.
Additional Product Offerings
Kanetix is more than just car insurance. The website offers property insurance, life insurance, travel insurance, dental insurance, international student insurance and health insurance policies. It also offers Canadians a chance to compare credit cards and mortgage rates to find a suitable option.
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RATESDOTCA is the new name of Kanetix.ca, a website that offers online tools to compare rates for car, home, travel and life insurance in Canada. You can still get quotes for travel insurance from Canadian providers and brokers on RATESDOTCA.
RATESDOTCA (formerly Kanetix) is a price comparison site for travel insurance and other financial products. You can compare quotes from more than 12 companies, buy directly from the insurer, and get a free renewal reminder.
Visit our new site. Learn more about car insurance, home insurance, or travel insurance. If you have a quote number from Kanetix.ca, one of our customer service representatives will be pleased to assist you. Please call us at 1‑844‑726‑0907 to secure your rate.
In general, you can expect travel insurance to cost about 5% to 6% of your total trip cost. When calculating the trip expenses to insure, only include those that are nonrefundable. If your prepaid ...
The Best Travel Insurance Companies. PrimeCover - Best for Evacuation. Travel Insured International - Best for Non-Medical Evacuation. WorldTrips - Great for Add-On Coverage. TravelSafe ...
Best travel insurance category. Company winner. Best overall. Berkshire Hathaway Travel Protection. Best for emergency medical coverage. Allianz Global Assistance. Best for travelers with pre ...
CoverAmerica Gold. Diplomat America. Diplomat America. Seven Corners. Travel Medical Plus USA. IMG (VisitorsCoverage) Patriot Platinum. Learn why travel medical insurance is essential and what ...
The Kanetix.ca app is very user friendly and will get you a travel insurance quote fast. The travel guides within the app are good for basic information and the links to the World Travel Guides are helpful for those who like to plan off of guidebooks. The weather option is a little redundant as usually insurance is bought in advance and we ...
The KANETIX Travel App provides travel quotes from many of Canada's best-known providers and gives consumers the opportunity to save their quote details for convenient repeat visits.
Toronto, ON (Jan. 10, 2013) - Travellers getting quotes for TIC Travel Insurance products on Kanetix.ca can now get rates directly from TIC, thanks to a recently launched interface. The new interface enables instant rates and online medical underwriting-straight from TIC via Kanetix.ca. This exciting initiative makes it easier for travellers ...
This is beneficial for a few reasons: 1. Time: Contacting insurers and getting quotes from them one by one is a very laborious and time-consuming process. The Kanetix platform makes it easy to ...
We looked at travel insurance quotes for a hypothetical 10-day trip to Italy in October 2023. The traveler is a 40-year-old man living in North Carolina who spent $2,000 on the trip, including ...
A lot of planning goes on behind the scenes to make our adventures possible. A lot. Travel insurance can kill a travel budget. Especially for us, since we're buying travel insurance for a family of four. For six months of travel, we got quotes ranging from $394.94 to $1725.00 for worldwide insurance, including the USA.
We've calculated a travel insurance quote on RATESDOTCA for a non-smoking, 35-year-old male traveler on a 10-day trip with no pre-existing health conditions, $2 million in coverage and a $0 deductible. The best average rate per trip for a single traveler was found to be $25.35. Travel insurance is a small expense that can pay off if you need it.
The insurance lineup expanded from just car insurance to home, life, health, travel, pet, and business insurance too. Eventually, mortgages and credit cards were added. Users had access to multiple products from several providers simultaneously and could apply for the best one at the tap of a button. Kanetix became a household name
With a quick trip to KANETIX.ca, travellers are now able to compare APRIL International's travel insurance prices and coverage options, and purchase a policy online easily. This partnership comes ...
The Kanetix Travel app is the first in Canada that lets you compare rates and buy travel insurance online. ... Check out our car insurance app for quick quotes on all your auto coverage needs.
The history of R ATESDOTCA. RATESDOTCA was founded under the name of Kanetix in 1999. It was one of the first online tools to allow Canadians to generate multiple car insurance quotes at once, initially aimed at younger, internet-savvy drivers - the most likely demographic to search for cheap online quotes at the time.
Insurance Offered by Kanetix.ca. You can get instant insurance quotes from Kanetix for a variety of policies including business, auto, property, critical illness, life, travel, and motorcycle insurance. After you compare prices you can apply online or contact a Kanetix Insurance representative directly to get the insurance you've read about ...
Canada's go-to source to comparison shop insurance and money products, Kanetix.ca, has a new name: RATESDOTCA. October 23, 2020 10:48 ET | Source: RATESDOTCA
With the Kanetix mobile travel insurance quote comparison service, you can complete a quote and purchase a policy from anywhere with Internet access, in the palm of your hand, even at the last minute. About Kanetix Launched in October 1999, Kanetix is Canada's leading national, online insurance and mortgage marketplace. The Kanetix insurance ...
Once the information is input, the app will access quotes from 40 different insurance companies with which Kanetix does business. Quote estimates are displayed on the phone's screen ranked by ...
The Kanetix Travel App also features: "We are very proud to offer this travel app, allowing Canadians to compare prices, research destinations, and purchase insurance entirely from their iPhone ...