Travelex vs Trawick: Which Travel Insurance Is Better?

By Damian Tysdal, licensed travel insurance agent since 2006 · Updated 29 September 2026

In shortTrawick carries primary medical on every plan and a real mid-range plan: Pathway Plus's $100,000 of primary medical with a 14-day waiver, where Travelex Essential and Advantage carry $25,000 and $50,000, cap cancellation at $10,000 and $12,500 and have no waiver. At the top Travelex Ultimate carries more medical ($250,000 against $200,000) with the same $1,000,000 of evacuation, a free child per adult and a 21-day free look. Both are on the comparison.

On this page

The plans side by side
Where each one wins
The numbers that decide it
What it costs
What the plans say
Questions people also ask

Travelex and Trawick sell to the same traveler and answer the same question differently: Travelex puts its money into Ultimate’s $250,000 of medical and $1,000,000 of evacuation, Trawick into primary medical on every plan. This page puts the plans side by side from the insurers’ own plan documents, says which one wins for each kind of trip, and shows the numbers that decide it.

The plans side by side

Plan	Emergency medical	Evacuation	Cancel for any reason	Pre-existing waiver window	Kids free
Travelex Essential	$25,000	$200,000	No	None	No
Travelex Advantage	$50,000	$250,000	No	None	No
Travelex Ultimate	$250,000 ($50,000 in New Hampshire)	$1,000,000	Upgrade, 75% back, up to $7,500	21 days	One per adult
Trawick Pathway Essential	$25,000 primary ($100 deductible)	$250,000	No	None	No
Trawick Pathway Plus	$100,000 primary	$350,000	No	14 days	No
Trawick Pathway Premium	$200,000 primary	$1,000,000	Upgrade, 75% back	21 days	No

Limits are per person. Read the medical column first: it is the one that separates these two companies, and it is the one that pays the bill that can pass $100,000. The Travelex review and the Trawick review go plan by plan.

Where each one wins

The trip or the traveler	Pick	Why
A cruise, a remote trip, or a traveler over 65	Travelex Ultimate	$250,000 of medical and $1,000,000 of evacuation. Trawick Pathway Premium carries $200,000 primary and $1,000,000.
A mid-priced plan for a trip abroad	Trawick Pathway Plus	$100,000 of primary medical, $350,000 of evacuation, full cancellation and the waiver within 14 days. Travelex Advantage carries $50,000 and caps cancellation at $12,500.
A trip with children	Travelex Ultimate	One free child per adult. Trawick has no free-kids benefit.
Cancel for any reason	Trawick Pathway Premium	75 percent with no dollar cap, added within 21 days. Travelex refunds 75 percent capped at $7,500, on Ultimate only, bought 31 or more days before departure.
Primary medical (pays first, before your health plan)	Trawick	Primary on every Trawick plan. Travelex’s medical is secondary.
Price	Both, on the comparison	Enter the trip once and both come back priced side by side.

The numbers that decide it

Medical and evacuation. Travelex’s best plan, Ultimate, carries $250,000 ($50,000 in New Hampshire) of medical and $1,000,000 of evacuation; Trawick’s best plan, Pathway Premium, carries $200,000 primary of medical and $1,000,000 of evacuation. For a trip outside the US the floor is $100,000 of medical and $250,000 of evacuation; for a cruise, a remote trip or a traveler over 65, $250,000 and $500,000.

Cancel for any reason. Travelex: Cancel for any reason is on Ultimate only, refunds up to 75 percent capped at $7,500, must be bought within 21 days of the first payment and at least 31 days before departure. Trawick: Cancel for any reason is on Pathway Premium only, refunds 75 percent, must be added within 21 days of the deposit, and is not available in New York.

Pre-existing conditions. Travelex: The pre-existing condition waiver is on Ultimate only, when you buy within 21 days of the first trip payment and insure the total trip cost; Essential and Advantage have no waiver. Trawick: Pathway Plus waives the pre-existing condition exclusion when you buy within 14 days of the deposit, Premium within 21 days, both with the full trip cost insured; Essential has no waiver.

Children. Travelex: One child 17 and under is free per insured adult on Ultimate, as long as the child’s trip cost is no more than the adult’s. Trawick: No free-kids benefit.

Free look. Travelex: 21 days after purchase (30 in some states) for a full refund if you have not departed or filed a claim. Trawick: 14 days in most states (10 to 30 by state) for a full refund if you have not departed or filed a claim.

See Travelex and Trawick priced side by side for your trip

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What it costs

Both Travelex and Trawick are on the CoverTrip comparison, priced next to each other and the other plans when you enter the trip once. Travel insurance is priced by the trip cost, the ages of the travelers and the trip length, and a package plan usually costs 4 to 8 percent of the trip cost, so enter the trip once, find the plan from each company that carries the limits you need, and take the cheaper one. Same price on the comparison as buying direct.

What the plans say

Travelex’s strengths are Ultimate’s $250,000 of medical and $1,000,000 of evacuation, one free child per adult on Ultimate, the longest free look on the comparison, 21 days; its weak spot is Essential and Advantage: a $10,000 cancellation cap, no waiver and no cancel for any reason, so budget plans in the strict sense. Trawick’s strengths are primary medical on every plan, Premium’s $200,000 of medical and $1,000,000 of evacuation, a 21-day window on Premium; its weak spot is Essential’s $25,000 medical limit with a $100 deductible, and no free-kids benefit. Both refund 100 percent of the insured trip cost for a listed cancellation reason, both include a 24-hour assistance line, and both are underwritten by large insurers; the difference between them is the limits and the upgrade rules above, not the paper.

Questions people also ask

Is Trawick better than Travelex?

In the middle, yes: Trawick Pathway Plus carries $100,000 of primary medical with full cancellation and a waiver, where Travelex’s two budget plans carry $25,000 and $50,000 and cap cancellation. At the top, Travelex Ultimate carries $250,000 of medical against Trawick Premium’s $200,000, frees one child per adult and has a 21-day free look, so a family or a cruise leans Travelex.

Which is better for a cruise, Travelex or Trawick?

Travelex Ultimate, with $250,000 of medical and $1,000,000 of evacuation. Trawick Pathway Premium’s $200,000 primary and $1,000,000 also clear the cruise floor, and its medical pays first.

Do Travelex and Trawick have cancel for any reason?

Both refund 75 percent on the top plan only. Trawick’s has no dollar cap, is added within 21 days of the deposit and is not sold in New York. Travelex’s is capped at $7,500, bought within 21 days and at least 31 days before departure.

Plan limits and upgrade rules on this page are from the insurers’ plan pages and policy documents for Travelex and Trawick, checked 12 September 2026, and from the CoverTrip reviews of each company. Price guidance is from the plans on the CoverTrip comparison.