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10 Best Travel Insurance Companies in Germany

Last updated on December 19, 2023

Traveling abroad can be an exciting experience, but there are always risks involved like flight cancellations, lost luggage, medical emergencies, and more. Having comprehensive travel insurance can provide you with financial protection and peace of mind in case any mishaps occur during your trip.

Choosing the right travel insurance provider is crucial to ensure you get adequate coverage at a reasonable price. With the variety of options available, selecting the best travel insurance for your specific needs in Germany can be overwhelming.

To help you pick the right travel insurance policy, we have researched and compared the top 10 providers in Germany for 2023 based on key factors like coverage options, claim processing, customer service, pricing, and more.

How We Ranked the Best Travel Insurance Companies in Germany:

We analyzed and ranked the top travel insurance providers in Germany based on the following criteria:

  • Coverage options – Range of coverages like emergency medical, trip cancellation, lost baggage, travel delays etc. and ability to customize plans.
  • Pricing – Premium costs for similar coverage levels across different providers.
  • Claim processing – Ease of filing and speed of claim settlements.
  • Customer service – Availability of helpful resources and quality of support services.
  • Financial strength – The financial position and ability to pay out claims.
  • Exclusions – Limitations and exclusions that can deny claims.
  • Add-ons – Extra coverage options and benefits available.
  • Travel assistance – Quality of overseas assistance services offered.

Based on these factors, here are the 10 best travel insurance companies in Germany for 2023 travelers.

The 10 Best Travel Insurance Providers in Germany

1. Allianz Global Assistance

Allianz Global Assistance is one of the leading travel insurance companies worldwide and in Germany. They offer comprehensive plans with robust emergency medical coverage starting at €15 per person.

Travel Insurance for Germany
Allianz Global Assistance

Key features:

  • Covers medical emergencies up to €500,000.
  • Offers basic plans as well as premium coverage with ‘cancel for any reason’.
  • Access to 24/7 travel assistance services.
  • Covers up to 31 days of travel.
  • Easy online purchase and claims process.

With top-rated customer service and ability to customize plans, Allianz Global Assistance is our top pick for German travelers. The premiums are very reasonable for the extensive coverage provided.

2. Hanse Merkur Reiseversicherung

Hanse Merkur is a leading German insurance group that offers specialized travel insurance products. Their ‘Travel Comfort’ plan provides good value at affordable pricing.

Key features:

  • Covers medical treatment costs up to €1 million abroad.
  • Provides coverage for lost baggage, trip interruptions, travel delays etc.
  • 24/7 emergency assistance hotline available.
  • Can be customized with additional coverage as needed.
  • Insures trips in Europe for up to 92 days.

Hanse Merkur has a very smooth online purchase and claim process. The basic coverage is extensive and premiums are budget-friendly.

3. ADAC Reiseversicherung

ADAC is Germany’s largest automobile club and their travel insurance plans offer very comprehensive coverage with excellent service.

Key features:

  • Covers abroad medical costs up to €10 million.
  • Provides generous baggage, trip cancellation, and assistance benefits.
  • Multi-lingual 24/7 helpline available.
  • Covers up to 183 travel days within a year.
  • Special packages for cruises and high-risk sports available.

ADAC travel insurance offers great value at reasonable pricing. Claims assistance is fast and helpful. Their high medical limits make it ideal for adventurous travelers.

4. AXA Travel Insurance

AXA is a renowned French insurance group offering tailored travel insurance coverages. Though pricing is a bit higher, their plans include very high coverage limits.

Travel Insurance Companies In Germany
AXA Travel Insurance

Key features:

  • Medical and hospitalization costs covered up to €2 million.
  • Offers ‘cancel for any reason’ policies.
  • Generous baggage loss and delay benefits.
  • Covers up to 60 days of travel.
  • 24/7 multilingual helpline for emergencies.

AXA is one of the pricier options but ideal for peace of mind thanks to the high coverage amounts and great service. Plans can be customized as required.

5. ERV Travel Insurance

ERV is an international travel insurer based in Germany that offers comprehensive plans and good service.

Key features:

  • Covers medical treatment abroad up to €1 million.
  • Includes travel delay, trip cancellation, and baggage loss protections.
  • Multilingual 24/7 assistance helplines.
  • Covers Europe trips up to 92 days.
  • Special coverage options available for high-risk sports.

Known for fast claims processing and helpful customer service, ERV provides German travelers with competitive pricing and benefits.

6. Europäische Reiseversicherung

The Europäische Reiseversicherung is a prominent European travel insurer offering customizable plans.

Key features:

  • Emergency medical costs covered up to €1 million.
  • Extensive trip cancellation and interruption protections.
  • Generous baggage coverage up to €3,000.
  • Available without deductibles.
  • Insures European trips for up to 92 days.

With very comprehensive basic coverage and high optional limits, Europäische Reiseversicherung is a top choice for peace of mind. Customer service is fast and effective.

7. TravelSecure

TravelSecure provides German travelers specialized insurance products for international trips.

Key features:

  • Covers abroad medical emergencies up to €1 million.
  • Offers ‘cancel for any reason’ upgrade.
  • Baggage delay and loss benefits included.
  • Insures worldwide trips up to 180 days.
  • Very easy online purchase process.

TravelSecure has budget-friendly pricing starting at €9 while providing decent coverage limits. Claims assistance is fast and helpful.

8. Mawista Student & Travel Insurance

Mawista is targeted at students and youth travelers with flexible coverage options.

Key features:

  • Customizable coverage periods from 1 to 36 months.
  • Covers medical emergencies up to €1 million.
  • Very budget-friendly premiums.
  • Special student and youth focused packages.
  • 24/7 multilingual helpline.

Mawista makes travel insurance affordable for students and young people while still providing good medical coverage and assistance services.

9. CareConcept AG

CareConcept is a Germany-based international insurer providing customized travel insurance.

Key features:

  • Covers medical treatment costs up to €2 million.
  • Offers very high baggage, accident, and liability coverage.
  • Special plans available for dangerous sports.
  • Insures worldwide trips over 5 days.
  • Provides 24/7 multilingual assistance.

With the option to get very high coverage limits, CareConcept provides specialized plans tailored for adventurous travelers and high-risk trips.

10. DR-WALTER GmbH

DR-WALTER is a reputable German insurance company offering travel insurance products.

Key features:

  • Covers medical emergencies abroad up to €1 million.
  • Decent trip cancellation, interruption, and delay protections.
  • Baggage loss or damage covered up to €2,000.
  • Insures trips in Europe up to 92 days.
  • 24/7 multilingual assistance available.

DR-WALTER provides German travelers solid coverage at reasonable pricing. Claims processing is smooth and fast.

Travel Insurance Coverage Comparison:

ProviderMax Medical CoverageMax Trip CancellationBaggage Loss/DamageTravel DelayCancel For Any Reason
Allianz€500,000Trip cost€2,000€150Optional upgrade
Hanse Merkur€1 millionTrip cost€2,000€150Optional upgrade
ADAC€10 millionTrip cost€2,500€150Optional upgrade
AXA€2 millionTrip cost€2,000€150Included
ERV€1 millionTrip cost€2,000€150Optional upgrade
Europäische€1 millionTrip cost€3,000€150Optional upgrade
TravelSecure€1 millionTrip cost€2,000€150Optional upgrade
Mawista€1 millionTrip cost€1,000€100Not available
CareConcept€2 millionTrip cost€5,000€250Optional upgrade
DR-WALTER€1 millionTrip cost€2,000€100Not available

What to Look for in a German Travel Insurance Provider

When choosing travel insurance in Germany, here are some key considerations:

  • Emergency medical coverage – Look for plans that cover at least €1 million in overseas medical treatment to be safe.
  • Trip cancellation protections – Ensure the insurer covers the full prepaid, non-refundable trip costs in case you need to call off your trip.
  • Baggage benefits – Opt for coverage of €1,500 or higher for baggage loss or damages.
  • Travel assistance – Choose a provider with 24/7 multilingual emergency helplines.
  • COVID-19 coverage – Many insurers now offer some coverage for COVID-related events.
  • Extreme sports coverage – If you’ll be scuba diving, snowboarding etc., you need special high-risk plans.
  • Worldwide validity – For overseas trips beyond Europe, look for worldwide or global coverage.
  • Cancel for Any Reason – This allows cancelling trips even for non-listed reasons, but cost extra.

Frequently Asked Questions (FAQ) About Travel Insurance in Germany:

Is travel insurance mandatory in Germany?

No, travel insurance is not mandatory by law for trips to or within Germany. However, having adequate coverage is still highly advisable to protect yourself from losses. Many destinations beyond Europe do require proof of travel insurance.

What is the average cost of travel insurance in Germany?

For basic European coverage, expect to pay between 1.5% to 5% of your total trip costs towards insurance premiums. The final price will depend on the duration, destination, and age of travelers. Extensive worldwide coverage can cost about 7% to 10% of the trip cost.

What factors affect travel insurance cost in Germany?

The main factors impacting insurance prices are trip duration, destination region, coverage amount chosen, policy upgrades, and the age of the travelers. Older travelers generally pay more in premiums compared to younger tourists.

Is travel insurance cheaper when bought in advance?

Yes, travel insurance premiums are significantly lower when policies are purchased within 1 to 2 weeks of booking trips. Buying insurance just before departure can make it very expensive.

What are the key benefits of travel insurance?

Travel insurance provides financial coverage and assistance for things like emergency medical treatment, trip cancellations or interruptions, lost or delayed baggage, travel delays, and passport loss among other expenses. It can protect you from major losses if things go unexpectedly wrong during the trip.

Can I buy travel insurance from any EU country?

Yes, thanks to EU freedom of services rules, you can buy travel insurance from any insurer based in the EU. So German residents can purchase coverage from companies in France, Spain etc. if they offer better rates or benefits.

Are pre-existing medical conditions covered?

Most German travel insurers exclude pre-existing conditions from the basic emergency medical coverage. However, you can pay additional premiums to specifically add coverage for pre-existing conditions like diabetes, asthma etc. where they are under control.

Does German travel insurance cover COVID-19 related events?

Most major providers now offer coverage for COVID medical expenses abroad and trip cancellations due to COVID. But each company’s COVID rules differ, so check policy documents carefully before purchasing.

Can I extend my German travel policy while abroad?

Many travel insurers allow extending existing policies while traveling if you decide to lengthen your trip on the go. You will need to pay the additional premiums and request the extension a few days before the current policy expires.

Are extreme sports like skiing covered under German travel insurance?

You need to opt for special adventure sports packages if you’ll be skiing, scuba diving, bungee jumping or any such high-risk activities during the trip. Some insurers offer this coverage while others have separate high-risk policies.

A comprehensive travel insurance policy offering extensive overseas emergency medical cover, generous trip cancellation protection, and robust baggage benefits will safeguard German travelers from major losses in case something unexpected happens abroad.

While pricing is certainly important, focus more on getting adequate coverage levels from a dependable provider with strong financial backing and a reputation for quick claims settlements and assistance services. This will ensure you travel with much greater peace of mind.

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