Allianz vs Travelex Travel Insurance (2026)
On official pages fetched November 10, 2026, Allianz OneTrip Premier lists trip cancellation up to $200,000, emergency medical of $75,000, and emergency transportation of $1 million, with optional Cancel Anytime at 80% if you buy within 14 days and the trip starts at least 30 days later. Travelex Ultimate lists cancellation up to $50,000, emergency medical up to $250,000 ($50,000 for New Hampshire residents), and evacuation of $1 million, with optional cancel-for-any-reason reimbursement of 75% of insured trip cost, up to $7,500. This is not insurance advice.
How this page was made: this is a research-based comparison built from official pricing pages, plan or policy wording, and product documentation. We haven’t tested these products or policies ourselves, and we don’t invent scores. Our methodology.
Quick answer
Choose Allianz OneTrip Premier for official cancellation up to $200,000 and optional Cancel Anytime at 80% if the trip starts at least 30 days later. Choose Travelex Ultimate for official medical of $250,000 ($50,000 in New Hampshire) and optional CFAR at 75% up to $7,500, if you meet the 31-day purchase and two-day cancel rules.
Last updated Pricing checked Nov 10, 2026
Check Allianz Travel pricing (opens in a new tab)Check Travelex pricing (opens in a new tab)
Key facts at a glance
| Allianz Travel | Travelex | |
|---|---|---|
| Trip cancellation | Up to $200,000 | 100% of insured trip cost, up to $50,000 on Ultimate; up to $10,000 on Advantage and Essential. Travel Med Go has no cancellation benefit. |
| Trip interruption | Not restated here from a fresh Allianz interruption line on the Premier fetch used for this page; confirm the Premier document. We are not inventing an Allianz interruption cap. | 150% of trip cost, up to $75,000 on Ultimate; 125% up to $12,500 on Advantage; 100% up to $10,000 on Essential. Travel Med Go: $1,000 maximum. |
| Emergency medical | $75,000 | Ultimate $250,000, except $50,000 for New Hampshire residents; Advantage $50,000; Essential $25,000; Travel Med Go $50,000. A $50 deductible applies for residents of CT, IN, KS, MO, MT, VT, and WA on the medical benefit, as written (Travel Med Go’s deductible list also names MS on medical and VA on dental — we keep those official lists separate). |
| Emergency evacuation / transportation | $1,000,000 emergency transportation | Ultimate $1,000,000; Advantage $250,000; Essential $200,000; Travel Med Go $250,000 |
| Cancel for any reason / Cancel Anytime | Cancel Anytime on Prime and Premier: 80% of unused prepaid, non-refundable costs for almost any unforeseeable reason the plan does not already cover. Buy within 14 days of the first deposit or expense, insure the full trip cost, and the trip must start at least 30 days later. Not offered in all states. You may cancel through the departure day if you have not left. | Optional CFAR on Ultimate only: 75% of insured trip cost, up to $7,500. You must cancel at least two days before departure. The trip cost cannot exceed $10,000, you must insure all non-refundable expenses, and you must buy the upgrade 31 days or more before departure, and within 21 days of the initial trip payment (subsequent arrangements within 14 days). Cancel for any fortuitous reason in New York, as written. Not available on Advantage or Essential. |
This is a dated comparison of official US-facing plan summaries, not insurance advice. We fetched Allianz OneTrip Premier, OneTrip Basic, and Cancel Anytime, plus Travelex’s official plans page covering Ultimate, Advantage, Essential, and Travel Med Go, on November 10, 2026. We are comparing Premier with Ultimate unless a lower Travelex plan is named. Benefits vary by state. Confirm the plan documents and confirm coverage with the issuer before you buy. We have not filed claims, we do not invent scores, and we do not invent premiums we did not fetch. We do not compare travel credit cards.
For plan types rather than brands, see travel insurance vs travel medical insurance. For other Allianz matchups, see Allianz vs Faye and Allianz vs Travel Guard.
Allianz Travel vs Travelex: side-by-side
| Allianz OneTrip Premier (Basic noted) | Travelex Ultimate (lower plans noted) | |
|---|---|---|
| Trip cancellation | Up to $200,000 | 100% of insured trip cost, up to $50,000 on Ultimate; up to $10,000 on Advantage and Essential. Travel Med Go has no cancellation benefit. |
| Trip interruption | Not restated here from a fresh Allianz interruption line on the Premier fetch used for this page; confirm the Premier document. We are not inventing an Allianz interruption cap. | 150% of trip cost, up to $75,000 on Ultimate; 125% up to $12,500 on Advantage; 100% up to $10,000 on Essential. Travel Med Go: $1,000 maximum. |
| Emergency medical | $75,000 | Ultimate $250,000, except $50,000 for New Hampshire residents; Advantage $50,000; Essential $25,000; Travel Med Go $50,000. A $50 deductible applies for residents of CT, IN, KS, MO, MT, VT, and WA on the medical benefit, as written (Travel Med Go’s deductible list also names MS on medical and VA on dental — we keep those official lists separate). |
| Emergency evacuation / transportation | $1,000,000 emergency transportation | Ultimate $1,000,000; Advantage $250,000; Essential $200,000; Travel Med Go $250,000 |
| Cancel for any reason / Cancel Anytime | Cancel Anytime on Prime and Premier: 80% of unused prepaid, non-refundable costs for almost any unforeseeable reason the plan does not already cover. Buy within 14 days of the first deposit or expense, insure the full trip cost, and the trip must start at least 30 days later. Not offered in all states. You may cancel through the departure day if you have not left. | Optional CFAR on Ultimate only: 75% of insured trip cost, up to $7,500. You must cancel at least two days before departure. The trip cost cannot exceed $10,000, you must insure all non-refundable expenses, and you must buy the upgrade 31 days or more before departure, and within 21 days of the initial trip payment (subsequent arrangements within 14 days). Cancel for any fortuitous reason in New York, as written. Not available on Advantage or Essential. |
| Pre-existing condition waiver / look-back | Confirm the Premier document for the waiver window used with Cancel Anytime. We are not restating an Allianz look-back figure we did not re-fetch on this pass. | Waiver included on Ultimate if the plan is purchased within 21 days of the first trip payment and the full trip cost is insured; exclusions do not apply to New Hampshire residents. Look-back: 90 days Ultimate, 120 days Advantage, 180 days Essential and Travel Med Go; does not apply to New Hampshire residents. |
| Primary vs secondary medical | Confirm the Premier document. We are not inventing Allianz’s coordination-of-benefits language here. | Ultimate and Advantage: primary. Essential: secondary, except primary for Connecticut residents. Travel Med Go: primary. |
| Trip length and distance | Premier is designed for trips up to 366 days. Cancel Anytime requires a start date at least 30 days after purchase. | Trips must be at least 100 miles from home. Ultimate up to 180 days; Advantage and Essential up to 30 days; Travel Med Go up to 60 days. 21-day review period if you have not departed or filed a claim. |
What are the pros and cons?
Allianz Travel: pros
- Official cancellation maximum of $200,000 is much higher than Travelex Ultimate’s $50,000 cap
- Optional Cancel Anytime can reimburse 80% through the departure day if you have not left, if you meet the 14-day and 30-day rules
- Official emergency transportation of $1 million matches Travelex Ultimate’s evacuation maximum
Allianz Travel: cons
- Official emergency medical of $75,000 is lower than Travelex Ultimate’s $250,000 maximum (except in New Hampshire, where Ultimate lists $50,000)
- Cancel Anytime cannot be used if the trip starts in fewer than 30 days, and is not offered in all states
- We have not fetched an Allianz premium for this comparison
Travelex: pros
- Ultimate’s official medical maximum of $250,000 is higher than Premier’s $75,000, except for the official New Hampshire $50,000 medical cap
- A clearly written family of four plan types, including an on-trip-only Travel Med Go option and lower-cost Essential and Advantage tiers
- Optional CFAR at 75% up to $7,500 does not use Allianz’s 30-day start-date rule, if you can meet the 31-day and two-day conditions
Travelex: cons
- Ultimate’s official cancellation cap of $50,000 is much lower than Premier’s $200,000
- CFAR is Ultimate-only, caps reimbursement at $7,500, requires a two-day-before-departure cancel, and is limited to trips of $10,000 or less
- Essential and Advantage max out at 30 days and have lower medical and evacuation limits; Essential medical is secondary except in Connecticut
Which should you choose: Allianz Travel or Travelex?
On the official summaries we fetched November 10, 2026, Allianz OneTrip Premier publishes a much higher cancellation maximum ($200,000 vs $50,000 on Travelex Ultimate) and the same $1 million evacuation-class figure, plus an 80% Cancel Anytime option that can be used through departure day if you have not left — but only if the trip starts at least 30 days after purchase. Travelex Ultimate publishes a higher emergency-medical maximum ($250,000, or $50,000 for New Hampshire residents, versus $75,000 on Premier) and a 75% CFAR upgrade capped at $7,500, with a 31-day purchase rule and a two-day-before-departure cancel rule, and without Allianz’s 30-day start-date rule. Those are different strengths, not a single winner. Essential, Advantage, and Travel Med Go are lower-limit or on-trip plans and should not be mixed into a Premier-versus-Ultimate decision. Read the state-specific documents. This is not insurance advice.
Choose Allianz Travel if…
- You want Premier’s official cancellation maximum of $200,000, or an 80% Cancel Anytime option, and your trip starts at least 30 days after purchase
- A $75,000 official medical maximum and a $1 million emergency-transportation benefit fit the trip you are insuring
Choose Travelex if…
- You want Ultimate’s official $250,000 medical maximum (and you are not a New Hampshire resident subject to the $50,000 medical cap)
- A 75% CFAR option up to $7,500 fits, and you can buy at least 31 days before departure and cancel at least two days out
Do not compare Premier with Essential by accident
Travelex’s official catalog is four different products. Ultimate is the comprehensive plan with the highest official limits and the only CFAR upgrade. Advantage sits in the middle and tops out at 30 days. Essential has the lowest comprehensive limits, secondary medical coverage except in Connecticut, and a 180-day pre-existing look-back. Travel Med Go is an on-trip plan with no trip-cancellation benefit. Comparing Allianz Premier’s $200,000 cancellation cap with Essential’s $10,000 cap, or with Travel Med Go’s lack of cancellation, is not a like-for-like reading. We keep Ultimate as the Premier counterpart and name the lower plans only when their official differences matter.
Who should skip this?
- New Hampshire residents shopping on medical maxima alone. Travelex Ultimate’s official medical cap drops to $50,000 in New Hampshire, below Premier’s $75,000. Confirm both documents.
- Travelers who need 80% CFAR on a trip that starts in under 30 days, or who may need to cancel inside two days of departure. Allianz’s start-date rule and Travelex’s two-day cancel rule can each block those cases.
- People who only want on-trip medical coverage. See Travel Med Go on travel insurance vs travel medical insurance.
- Anyone looking for a scored winner or a premium quote we did not fetch. This is not insurance advice.
Frequently asked questions
Which plan has a higher official cancellation limit?
Which plan has a higher official medical limit?
How do the cancel-for-any-reason options differ?
Does Travelex have a plan without trip cancellation?
Is this a recommendation to buy either plan?
Sources
Pricing and plan details were checked on the official pages below as of Nov 10, 2026. Vendors change prices, credits and plan names often, and some show regional pricing at checkout, so confirm on the vendor’s site before you buy.
- Allianz Travel: OneTrip Premier official plan page (fetched Nov 10, 2026) (allianztravelinsurance.com)
- Allianz Travel: OneTrip Basic official plan page (fetched Nov 10, 2026) (allianztravelinsurance.com)
- Allianz Travel: Cancel Anytime official benefit page (fetched Nov 10, 2026) (allianztravelinsurance.com)
- Travelex: Compare travel insurance plans — Ultimate, Advantage, Essential, Travel Med Go, and CFAR terms (fetched Nov 10, 2026) (travelexinsurance.com)
- World Nomads USA: Time Sensitive Periods — another official CFAR structure used as related context (fetched Nov 10, 2026) (worldnomads.com)
Related
Travel Insurance vs Travel Medical Insurance (2026)
These are different products, not two names for the same policy. On official pages fetched November 10, 2026, Travelex’s Essential, Advantage, and Ultimate plans include trip cancellation (up to $10,000, $10,000, or $50,000) plus emergency medical benefits. Travelex’s Travel Med Go plan is written as on-trip coverage only — it has no trip-cancellation benefit, with emergency medical up to $50,000 and evacuation up to $250,000. SafetyWing’s Nomad Insurance is sold as rolling medical coverage, not as a trip-cancellation product. World Nomads, Allianz OneTrip Premier, and Faye’s Forward example are trip-protection plans that combine cancellation and medical benefits, at very different official limits. This is not insurance advice.
comparisonAllianz vs Faye Travel Insurance
On official pages fetched November 10, 2026, Allianz OneTrip Premier lists $75,000 emergency medical and $1 million emergency transportation, with optional Cancel Anytime reimbursement of 80% if you buy within 14 days and the trip starts at least 30 days later. Faye’s coverage page is an example of a US resident buying the Faye Forward plan at least three days before an international departure: up to $250,000 primary emergency medical, $500,000 evacuation, cancellation up to 100% of non-refundable trip costs, and optional CFAR of up to 75% if bought within 14 days of the first deposit and you cancel at least 48 hours before departure. This is not insurance advice.
comparisonAllianz vs Travel Guard Travel Insurance
On official US plan pages fetched November 10, 2026, Allianz OneTrip Premier lists emergency medical benefits of $75,000 and emergency transportation of $1 million, with optional Cancel Anytime reimbursement of 80% of unused prepaid costs if you meet a 14-day purchase window and the trip starts at least 30 days later. Travel Guard’s Deluxe plan lists medical expenses up to $150,000 and evacuation up to $1 million, with optional Cancel for Any Reason of up to 50% of insured trip cost if you buy within 15 days of the initial trip payment. Benefits vary by state. This is not insurance advice.
comparisonWorld Nomads vs Allianz Travel Insurance
On official US pages fetched November 10, 2026, World Nomads’ Explorer plan lists up to $10,000 trip cancellation, $150,000 emergency medical and $500,000 evacuation, plus optional cancel-for-any-reason reimbursement of 50% of non-refundable payments up to $5,000 if you buy within 7 days of the first trip deposit (not available to New York residents). Allianz OneTrip Premier lists up to $200,000 cancellation, $75,000 emergency medical and $1 million emergency transportation, with optional Cancel Anytime at 80% if you buy within 14 days and the trip starts at least 30 days later. This is not insurance advice.
comparisonFaye vs World Nomads Travel Insurance (2026)
On official pages fetched November 10, 2026, Faye’s coverage page is an example of a U.S. resident buying the Faye Forward plan at least three days before an international departure: up to $250,000 primary emergency medical, $500,000 evacuation, cancellation up to 100% of non-refundable trip costs, and optional CFAR of up to 75% if bought within 14 days of the first deposit and you cancel at least 48 hours before departure. World Nomads’ Explorer plan lists up to $10,000 trip cancellation, $150,000 emergency medical and $500,000 evacuation, plus optional CFAR of 50% of non-refundable payments up to $5,000 if you buy within 7 days of the first trip deposit (not available to New York residents). This is not insurance advice.
guideWhat Cancel for Any Reason Coverage Actually Is
Cancel for Any Reason is usually an optional, time-limited add-on, not a promise that you get all of your money back for any change of plans. On official US pages fetched November 10, 2026, Allianz Cancel Anytime can reimburse 80% if you buy within 14 days and the trip starts at least 30 days later; Travel Guard Deluxe optional CFAR lists 50% of insured trip cost with Early Purchase within 15 days; World Nomads Explorer lists 50% up to $5,000 (Epic 75% up to $11,250) within 7 days, not for New York residents; Faye lists up to 75% if you buy within 14 days and cancel at least 48 hours before departure, also not for New York residents.