Wed. Apr 14th, 2021

Travel insurance helps you protect the financial investment you made in your vacation, whether you booked a tropical cruise or a sightseeing trip to a far-flung land. Though purchasing travel insurance coverage is optional, it does help you avoid losing money on prepaid travel expenses if your travel plans go awry.

Many credit cards do offer some sort of travel insurance coverage, but it’s important to note that credit card travel insurance rarely includes medical or dental coverage, or emergency evacuation coverage – three of the most important and protective types of travel insurance. With that in mind, you should be wary of relying solely on credit card coverage unless you know for sure what is included.

Before you put down a large sum of money on a family trip, an educational journey or a dream vacation you’ve been planning for years, consider buying a travel insurance policy that can reimburse you if your plans fall apart. You can purchase robust policies that cover pretty much anything you can think of – and even policies that let you cancel your trip for any reason at all. You can also purchase basic travel insurance policies that cover the main components of your trip like your airfare or cruise fare for a low overall cost.

The best travel insurance companies will reimburse you for medical expenses, baggage loss, evacuation to your home country and more – and all for a price you can afford. As your departure date draws near, consider the companies that can help protect you from financial losses if your trip is canceled or interrupted for reasons beyond your control.

To determine the Best Travel Insurance Companies, U.S. News evaluated ratings and scores from insurance websites like Squaremouth, InsureMyTrip and AM Best, in addition to reviews and recommendations from travel industry sources and consumers.

The Best Travel Insurance Companies are:

  • Travelex Insurance Services
  • Allianz Travel Insurance
  • Seven Corners, Inc.
  • IMG Travel Insurance
  • World Nomads Travel Insurance
  • AIG Travel Guard
  • Travel Insured International
  • Generali Global Assistance
  • Berkshire Hathaway Travel Protection
  • Arch RoamRight

Read on to see the pros and cons of each travel insurance provider and determine what travel insurance policy will work best for you.

[Protect your trip: Search, compare and buy the best travel insurance plans for the lowest price. Get a quote.]

Travelex Insurance Services

Pro: Customizable upgrades, including car rental coverage, additional medical insurance and adventure sports coverage, available

Con: Adventure sport and medical upgrade coverage is not available with the Travel Basic plan

Travelex offers two main travel insurance plans – Travel Basic and Travel Select. The company also lets you tailor your policy to meet your unique needs with optional add-ons.

If you’re looking for an affordable plan, you should consider the company’s Travel Basic plan. This plan covers 100% of the insured trip cost for cancellations and interruptions and up to $500 for trip delays. It also offers up to $100,000 in emergency evacuation and repatriation coverage, $15,000 in emergency medical and dental coverage, and up to $500 in coverage for lost, damaged or stolen baggage and personal effects. Plus, you have access to primary coverage with no deductibles. The company recommends this plan for short, domestic vacations.

If you’re traveling internationally, you should consider the Travel Select plan. Limits are high with this plan: You will get up to $500,000 in emergency evacuation and repatriation coverage, $50,000 in emergency medical and dental coverage, and up to $1,000 in coverage for lost, damaged or stolen baggage and personal effects. What’s more, children ages 17 and younger are covered at no additional cost.

If you have a preexisting condition, Travelex also lets you add a preexisting condition waiver to either plan, provided you purchase travel insurance within 15 to 21 days of your initial trip deposit. Travelex also offers custom upgrades you can add to your plans, including car rental coverage, additional medical insurance, and special coverage for adventure sports like mountain climbing, parasailing or hot air ballooning (except with the Travel Basic plan). This company also lets you purchase a policy, request documents for your policy and file a claim online.

Allianz Travel Insurance

Pro: Annual and multitrip policies available
Con: Distinguishing between the company’s 10 travel insurance plans can be confusing

Allianz Travel Insurance provides a selection of 10 travel insurance plans intended to suit different traveler needs. You can purchase coverage for a specific trip, but you can also purchase an annual travel insurance plan if you travel often and want to avoid having to buy a new travel insurance policy each time.

When it comes to purchasing travel insurance for a specific trip, Allianz offers several levels of coverage. While each plan comes with its own inclusions and coverage limits, its most popular single-trip plan is the OneTrip Prime Plan.

With OneTrip Prime, you can receive trip cancellation coverage up to $100,000, trip interruption coverage up to $150,000, emergency medical coverage for $25,000, lost or damaged baggage coverage up to $1,000, up to $1,000 in baggage loss, theft or damage, and up to $500 in change fee coverage, among other benefits.

The OneTrip Prime Plan also covers children ages 17 and younger for free when traveling with a parent or grandparent, and you can customize with additional coverage for rental cars or business-related cancellations. Coverage for business-related cancellations can be important if you’re frequently on call for work and may need to stay home for an emergency work project or scenario at the last minute.

Allianz also lets you apply for a travel insurance quote, file a claim, manage your policy or follow up on a claim online. Plus, the company offers a smartphone app that lets you do all of this from your preferred mobile device.

Seven Corners, Inc.

Pro: Coverage for preexisting conditions
Con: Cancel for any reason coverage costs extra

Seven Corners offers travel insurance plans for U.S. residents, but it also offers travel insurance with medical coverage for visitors traveling to the United States. Travel medical coverage plans can be purchased with up to $5 million in coverage, but you can also purchase travel insurance for students, group travel insurance plans and annual travel insurance plans for frequent travelers.

Seven Corners’ featured travel insurance plan is its RoundTrip Trip Cancellation Insurance, which is the type of policy you might be inclined to buy to cover a single vacation you have planned for the year. This coverage is for U.S. residents and is available in three tiers – economy, choice or elite.

The following are a few of the main benefits in the mid-tier RoundTrip Choice plan:

  • Trip cancellation coverage up to $20,000
  • Trip interruption coverage good for up to 150% of the cost of the trip
  • Trip delay coverage worth $600
  • Missed connection coverage worth $1,000
  • Emergency medical coverage worth up to $100,000
  • Emergency dental up to $750
  • Emergency evacuation and repatriation coverage up to $500,000
  • Lost, stolen or damaged baggage coverage up to $1,500

This level of coverage can include any preexisting conditions provided you purchase your plan within 20 days of your initial trip deposit and meet other conditions.

Also note that when you buy a plan from Seven Corners, you can customize it with add-ons like rental car coverage, flight accident coverage or cancel for any reason coverage.

IMG Travel Insurance

Pro: A plan specifically designed for retired travelers ages 65 and older is available
Con: The company’s iTravelInsured Travel Lite plan does not include primary coverage

IMG Travel Insurance focuses on three main types of coverage – travel medical insurance, international health insurance and traditional travel insurance. This company also offers a GlobeHopper Senior plan suited for retired travelers ages 65 and older, as well as plans geared specifically toward expats, students, business travelers and government workers.

IMG’s three main travel insurance plans for families or business travelers include iTravelInsured Travel Lite, iTravelInsured Travel SE and iTravelInsured Travel LX.

Its mid-tier iTravelInsured Travel SE plan is a family-friendly travel insurance plan that works for both domestic and international trips. Among the benefits you will receive if you buy this plan are:

  • Trip cancellation coverage worth up to $50,000 per person
  • Trip interruption coverage worth up to 150% of the cost of the trip
  • Travel delay coverage up to $500
  • Emergency medical evacuation coverage up to $500,000
  • Up to $150 in change fee reimbursement

You can purchase this plan as late as one day before your trip departs. Interestingly, the trip delay coverage can include a wide range of charges, such as additional kennel charges for a pet or costs associated with family internet usage. You also have the option to add on rental car damage protection worth up to $40,000. Further, you’ll have access to a few non-emergency travel benefits like coverage for the financial default of a supplier (e.g., a hotel that goes bankrupt before you arrive) and coverage for the theft or loss of a passport that prevents you from departing.

World Nomads Travel Insurance

Pro: Adventure sports are covered at no additional cost
Con: Standard plan only promises up to $2,500 in trip protection

World Nomads sells customizable travel insurance policies that vary in terms of coverage and price based on your needs. Its policy inclusions are broad, and in contrast to other travel insurance companies, it covers adventure sports, such as scuba diving, mountain biking, bungee jumping and skiing, in its standard policy.

Generally speaking, you’ll have the choice between two travel insurance plans when you apply for a free quote from World Nomads – a Standard plan or an Explorer Plan. Standard plans provide a lower level of coverage for a more affordable upfront cost, whereas Explorer plans offer more robust coverage for a higher premium.

For example, Explorer plans promise $10,000 in trip protection coverage, whereas Standard plans only offer $2,500. Both plans provide $100,000 in emergency medical coverage, but the Explorer plan offers $500,000 in emergency evacuation coverage while the Standard plan assures $300,000 worth of coverage.

Other types of coverage you receive with both plans (with varying limits) include trip cancellation, trip interruption, loss or damage of baggage and personal effects, rental car coverage, accidental death and dismemberment, and more.

World Nomads lets you apply for a quote online with ease, and you can also file a travel insurance claim online.

AIG Travel Guard

Pro: Travel insurance policy coverage is tailored to your specific trip
Con: Information about policy coverage inclusions is not readily available without first obtaining a quote

AIG Travel Guard allows customers to choose from an annual travel insurance plan good for all trips in a one-year span, or from three plans valid for single trips. Its plans for single trips – Essential, Preferred or Deluxe – let you buy an increasing level of coverage depending on the cost of your trip and the amount of reimbursement you want guaranteed. In several states (Florida, Minnesota, Missouri, New York and Washington) and the District of Columbia, however, you’ll pick from a similar Silver, Gold or Platinum plan depending on your needs.

The amount of coverage and the limits in your plan can vary depending on your trip details. This makes it essential to obtain a quote through the Travel Guard search engine to verify the coverage levels you can qualify for.

Travel Guard insurance plans generally cover kids 17 and younger. With a mid-tier Preferred plan, you may qualify for trip cancellation coverage up to 100% of the cost of your trip and trip interruption coverage for up to 150% of the cost of your trip. Medical expense coverage can be worth up to $50,000 depending on your trip details, and trip delay coverage worth up to $800 can be included as well.

While Travel Guard offers limited details on its plans prior to requesting a quote, it does make it easy for customers to file a claim or check the status of a travel insurance claim online.

Travel Insured International

Pro: Three of the company’s four plans guarantee up to $1 million in emergency medical evacuation and repatriation fees
Con: Plan availability varies by state

Travel Insured International lets most travelers pick from four main plans – a Worldwide Trip Protector Lite plan, a Worldwide Trip Protector plan, a Worldwide Trip Protector Plus plan and a Travel Medical Protector plan. These policies allow you to purchase more or less coverage depending on your needs. However, you should note that the plans available to you vary depending on your state of residence.

The Worldwide Trip Protector plan is the company’s mid-tier plan, meaning it offers a generous amount of coverage but with lower levels than its Plus plan.

This plan guarantees trip cancellation coverage for up to 100% of the cost of your trip, as well as $250 for the reimbursement of airline miles or rewards points. Other benefits include:

  • Trip interruption coverage worth up to 150% of the cost of the trip
  • Travel delay coverage worth $1,000
  • Missed connection coverage worth $500
  • Emergency evacuation and repatriation coverage worth $1 million
  • Medical coverage worth $100,000

Depending on the policy you buy, you may also be able to purchase special add-on coverage for flight accidents, rental cars and more. Also note that its Worldwide Trip Protector Plus plans let you pay more to add on cancel for any reason coverage.

Like other providers, this company lets you obtain a free quote and file and manage your travel insurance claims online.

Generali Global Assistance

Pro: Sporting equipment coverage included in the company’s mid-tier plan
Con: Generali Global Assistance only allows customers to buy travel insurance within five days of the initial deposit of their trip

Generali Global Assistance offers three travel insurance plans you can customize according to your needs – a Standard plan, a Preferred plan and a Premium plan. Its Standard plan provides the lowest level of coverage, whereas the Premium plan offers more coverage and higher limits for a higher upfront cost.

The Preferred plan promises the same coverage as the Standard plan, but with special coverages for sporting equipment and sporting equipment delays. That makes this plan a valuable option if you are traveling for a golf tournament or a ski trip.

Meanwhile, the Premium plan offers the most robust coverage for pricier trips, including tours and cruises. This plan promises 100% reimbursement for trip cancellation, 175% reimbursement for trip interruption, $2,000 in coverage for loss of baggage per person and $250,000 in medical and dental coverage per person, among other benefits.

Generali Global Assistance makes it easy to obtain a free quote, and you can file travel insurance claims through its eClaims portal or via phone. You can buy coverage as soon as 18 months before the departure date of your trip, or as late as the day before your departure date. Note, however, that Generali Global Assistance only lets you buy travel insurance within five days of the initial deposit of your trip.

Berkshire Hathaway Travel Protection

Pro: All plans include 24/7 travel assistance that can aid in finding or replacing lost luggage, and assist with lost or stolen wallets, tickets and passports
Con: Some benefits, such as preexisting condition coverage, are only available if the plan is purchased within 15 days of the initial trip deposit.

Berkshire Hathaway Travel Protection lets you choose from a selection of travel insurance plans and receive a free online quote in a matter of minutes. Not only does the company offer travel insurance specifically for flights or cruises, but it also offers three tiers of coverage you can purchase for your vacation – ExactCare Value, ExactCare and AdrenalineCare, which is designed for adventure travel experiences.

Berkshire Hathaway’s mid-tier ExactCare plan is best for families, and it includes:

  • Trip cancellation coverage worth up to 100% of the trip cost
  • Trip interruption coverage worth up to 150% of the trip cost
  • Trip delay coverage worth $1,000
  • Medical coverage worth up to $25,000
  • Emergency medical evacuation worth up to $500,000
  • Missed connection coverage worth up to $500

Note that all Berkshire Hathaway Travel Protection plans for individual trips include worldwide travel assistance 24 hours a day, seven days a week. This can be a huge help if your wallet is lost or stolen, you need emergency translation services, you lose your passport while overseas or any other travel mishaps occur.

Berkshire Hathaway makes it easy to file a claim online using its online portal, and you can also view your policy and manage its details online. Berkshire Hathaway also touts that it pays claims five times faster than the industry average, which is worth considering if you are worried about delayed claims and reimbursement times.

Arch RoamRight

Pro: Customers have the option to buy travel medical insurance without having to purchase one of the company’s travel insurance policies
Con: Coverage for hazardous sports not included

Arch RoamRight is another travel insurance provider that lets you apply for a policy and pay your premium online. The company offers a variety of policies, including individual policies that cover one aspect of your trip, such as a rental car or emergency medical care. You can also purchase a multitrip annual plan that provides coverage for all your trips throughout the year.

In terms of its plans for individual trips, Arch RoamRight offers two tiers of coverage – a Pro travel insurance plan and a Pro Plus travel insurance plan. The Pro travel insurance plan guarantees up to $50,000 in emergency medical coverage and up to $500,000 in emergency evacuation coverage. You can add on more coverage for hazardous sports with this plan, which will cover activities like bungee jumping and skydiving.

With the Pro Plus travel insurance plan, you are also guaranteed $50,000 in emergency medical coverage and up to $500,000 in emergency evacuation coverage. However, you also have the option to cancel for any work-related reason (e.g., your employer has an emergency project and asks you to stay home) provided you buy your travel insurance plan within 21 days of making your trip deposit. This plan also comes with the option to add on more coverage for hazardous sports.

These plans also include other types of coverage with varying limits, including baggage and personal effects coverage, emergency accident coverage, trip delay coverage and more.

Arch RoamRight also lets you file a travel insurance claim or check the status of your claim online.

Interested in more travel insurance options? See:

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