Travel insurance covers unexpected expenses when abroad including costs related to emergency medical care and repatriation. Additionally, travel insurance can provide cover for lost or stolen belongings as well as protection against cancellation and cutting your holiday short. Travel insurance is therefore an important consideration and it can be daunting trying to find the right cover. However, if you have a packaged bank account, you may find that you are already covered.
In this article, we look at which bank accounts offer travel insurance, things to check on your bank account travel insurance policy and whether packaged bank account travel insurance is worth it.
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Below we list a number of banks that include travel insurance with one of its packaged current accounts. We highlight how much you can expect to pay for the packaged account as well as any age limits or exclusions on the policy. If you find that you have a travel insurance policy with your bank, make sure that you read the T&Cs carefully before travelling so you know exactly what you are covered for before you travel, as well as the things that aren't covered. It may also be possible to have travel insurance included with your credit card and we list some of the best credit cards in our article, 'Best credit card for travel insurance'.
If your existing bank account provider doesn't currently offer a packaged bank account it may offer travel packages that can be purchased alongside your existing account. Barclays, for example, does not offer a particular packaged current account but it does offer customers the option to purchase its travel pack for £14.50 a month which includes worldwide family travel insurance from Aviva and UK and Europe breakdown cover from RAC. Additionally, it may be possible to open an alternative packaged account with your provider that includes more or less cover. Be sure to shop around and find the best bank account for your personal circumstances.
(scroll to view the full table)
| Co-op | Halifax | Lloyds Bank | NatWest | Nationwide | Virgin | Revolut | Monzo | |
| Account name | Everyday Extra | Ultimate Reward Current account | Club Lloyds Silver | Reward Platinum account^ | FlexPlus current account | Club M account | Premium | Premium |
| Monthly account fee | £15 | £17 | £10 | £20 | £13 | £12.50 | £7.99 | £15 |
| Travel insurance underwriter | Inter Partner Assistance | AWP P&C SA | AWP P&C SA | AWP P&C SA | U K Insurance Limited | American International Group UK Limited (AIG UK) | CEG | Zurich Insurance Company Ltd |
| Family travel insurance | ||||||||
| Worldwide travel insurance | European only | |||||||
| Upper age limit | 79 years old (64 years old for Winter Sports) | 71 years old | 65 years old | 70 but may be able to purchase additional cover for over 70s | 70 but it is possible to buy a travel insurance age upgrade | 75 years old | 76 years old | 69 years old |
| Maximum medical cover | £10m | £10m | £10m | £10m | £10m | £10m | £10m | £10m |
| Cancellation cover | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 |
| Baggage cover | £2,500 | £2,500 | £2,500 | £1,500 | £1,500 | £1,500 | £1,000 | £750 |
| Pre-existing conditions considered ^^ |  | | | |||||
| Additional perks | UK & European breakdown cover, Mobile phone insurance, Everyday Rewards scheme | AA Breakdown Family Cover, Mobile phone insurance, Home Emergency cover, A choice between monthly rewards (terms apply), access to exclusive savings rates and up to 15% cashback | AA Breakdown Family Cover, mobile phone insurance, Lifestyle benefits e.g 12 months free Disney+, a magazine subscription, coffee and dining offers or cinema tickets and access to saving accounts, £175 switch offer (until 28/03/24) | UK car breakdown cover, mobile phone insurance, fee-free spending abroad, earn up to £5 a month in rewards, £200 switch bonus^^^ | Family mobile phone insurance, UK and European breakdown cover, fee-free spending when you're abroad, access to Flex Regular Saver and Flex Instant Saver | Worldwide family mobile and gadget insurance, UK & European breakdown cover, No fees when travelling abroad, 2.02% interest on current account balance up to £1,000 and 3.55% interest on savings balances up to £25,000 | Discounted airport lounge access, Interest on savings, up to 5% cashback on accommodations, fee-free spending abroad, 20% discount on international transfer fees | Phone insurance, 4.60% AER interest (variable) on balances up to £100,000, discounted airport lounge access, fee-free spending abroad |
^For existing customers only
^^Most insurers require pre-existing conditions to be declared prior to taking out cover. In some cases, you may be required to pay an additional premium in order to get cover for your particular condition or you may be rejected entirely. Some pre-existing conditions may not need to be declared if they fall under an insurer's list of waived conditions, you will be able to find additional information in the policy documents. If you are refused cover for pre-existing conditions, our article 'Best travel insurance for pre-existing conditions' can provide additional information.
^^^New customers who switch using CASS to either a Select account or a basic Reward account and then upgrade to a Reward Platinum account.
Before taking out a travel insurance policy with your bank there are a few things to consider to ensure you are getting the best policy for your trip. These include:
Before opting to take out a packaged bank account you need to consider if the monthly cost and the benefits it includes are worth it. As most of the packaged accounts come with a monthly fee between £10 - £20 a month you need to consider whether it would be cheaper for you to purchase individual travel, breakdown and phone insurance policies or if you will use the benefits included with the account. A number of the packaged accounts do, however, offer cover for your entire family which can be a cheaper option, particularly if there are a number of you living at the same address. It is worth thoroughly reading the T&Cs of the accounts however, as most of the travel insurance policies only cover partners living at the same address or only cover children under the travel insurance policies when they are travelling with you.
You should always compare the best packaged bank accounts as well as some of the best current accounts before making a decision, especially as a number of current accounts now offer benefits such as cashback and interest on current account balances without the high monthly fee. Additionally, it is worth looking to see if you can get a cash bonus for switching to a new packaged or current account before doing so, as a number of banks offer up to £200 just for switching. Find out more in our article, 'Best current account switching offers, rewards and incentives'.
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Travel insurance is an essential addition to any trip abroad as it can help cover the cost of unexpected events.
Travel insurance is designed to help cover the cost of unexpected events that may occur on your trip abroad or.
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