Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

By Ruben Ramos and Gabriel Rodriguez
Updated: August 30, 2021 10:57 AM ET | Originally published: June 23, 2021
Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
Comparing Quotes
TravelInsurance.com

Our Partner

Check Price
COVID Coverage Policy

Varies by company, most insurers treat the COVID-19 virus like any other unforeseen sickness. They do not reimburse for fear of travel nor due to destinations quarantines and travel bans.

Cancel for Any Reason

Varies by company

Emergency Medical Expenses

Varies by company, from as little as $15,000 to upwards of $500,000

24/7 Assistance Available

Available on most standard or basic plans

Emergency Support Services
Generali Global Assistance

Our Partner

Check Price
COVID Coverage Policy

If you or a traveling companion are diagnosed with COVID-19 before or during your trip: trip cancellation, trip interruption, travel delay, medical & dental, emergency assistance & transportation

Cancel for Any Reason

Reimburses up to 60% of the penalty amount. Available as an optional upgrade to the Premium plan. Must be purchased within 24 hours of initial deposit.

Emergency Medical Expenses

Standard: Up to $50,000 Preferred: Up to $150,000 Premium: Up to $250,000

24/7 Assistance Available

Frequent Flyers
RoamRight

Our Partner

Check Price
COVID Coverage Policy

If you or a traveling companion tests positive for the COVID-19 virus before or during your trip: emergency medical, emergency medical evacuation, trip cancellation, trip interruption.0

Cancel for Any Reason

Reimburses up to 75% of the penalty amount. Available as an optional upgrade to the Pro and Pro Plus plans. Must be purchased within 21 days of initial deposit.

Emergency Medical Expenses

Pro and Pro Plus: Up to $50,000, $750 for Dental, No Deductible Multi-trip: Up to $25,000 Medical Only: Choice of $50,000, $100,000, $250,000, or $500,000

24/7 Assistance Available

Families with Children
Travelex

Our Partner

Check Price
COVID Coverage Policy

If you or a traveling companion tests positive for the COVID-19 virus before or during your trip: trip cancellation and interruption, trip delay, emergency medical and evacuation.

Cancel for Any Reason

Emergency Medical Expenses

Travel Basic: Up to $15,000 Travel Select: Up to $50,000 Travel America: Up to $50,000

24/7 Assistance Available

Comprehensive Travel Insurance for Adventure
World Nomads

Our Partner

Check Price
COVID Coverage Policy

If you or a traveling companion tests positive for the COVID-19 virus before or during your trip: emergency medical, emergency medical evacuation, trip delay and trip interruption.

Cancel for Any Reason

Emergency Medical Expenses

Standard Plan: $100,000 Explorer Plan: $100,000

24/7 Assistance Available

COVID Coverage Policy

Varies by company, most insurers treat the COVID-19 virus like any other unforeseen sickness. They do not reimburse for fear of travel nor due to destinations quarantines and travel bans.

If you or a traveling companion are diagnosed with COVID-19 before or during your trip: trip cancellation, trip interruption, travel delay, medical & dental, emergency assistance & transportation

If you or a traveling companion tests positive for the COVID-19 virus before or during your trip: emergency medical, emergency medical evacuation, trip cancellation, trip interruption.0

If you or a traveling companion tests positive for the COVID-19 virus before or during your trip: trip cancellation and interruption, trip delay, emergency medical and evacuation.

If you or a traveling companion tests positive for the COVID-19 virus before or during your trip: emergency medical, emergency medical evacuation, trip delay and trip interruption.

Cancel for Any Reason

Varies by company

Reimburses up to 60% of the penalty amount. Available as an optional upgrade to the Premium plan. Must be purchased within 24 hours of initial deposit.

Reimburses up to 75% of the penalty amount. Available as an optional upgrade to the Pro and Pro Plus plans. Must be purchased within 21 days of initial deposit.

Emergency Medical Expenses

Varies by company, from as little as $15,000 to upwards of $500,000

Standard: Up to $50,000 Preferred: Up to $150,000 Premium: Up to $250,000

Pro and Pro Plus: Up to $50,000, $750 for Dental, No Deductible Multi-trip: Up to $25,000 Medical Only: Choice of $50,000, $100,000, $250,000, or $500,000

Travel Basic: Up to $15,000 Travel Select: Up to $50,000 Travel America: Up to $50,000

Standard Plan: $100,000 Explorer Plan: $100,000

24/7 Assistance Available

Available on most standard or basic plans

ADVERTISEMENT

Travel insurance is an important safety net that can protect your trip plans from the unexpected, such as emergency medical expenses, non-refundable cancellations, and lost baggage or items. With the COVID-19 pandemic, travel insurance is more important than ever, and some countries require it.

Read on to find out which companies made our list for the best travel insurance of 2021.

Our Top Picks for Best Travel Insurance

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
Select Your State to Find Your Travel Insurance Policy
Protect a carefully-planned trip with coverage for delays, illness, lost luggage, and even natural disasters—the best travel insurance can soften the impact of unforeseen events.
HawaiiAlaskaFloridaSouth CarolinaGeorgiaAlabamaNorth CarolinaTennesseeRIRhode IslandCTConnecticutMAMassachusettsMaineNHNew HampshireVTVermontNew YorkNJNew JerseyDEDelawareMDMarylandWest VirginiaOhioMichiganArizonaNevadaUtahColoradoNew MexicoSouth DakotaIowaIndianaIllinoisMinnesotaWisconsinMissouriLouisianaVirginiaDCWashington DCIdahoCaliforniaNorth DakotaWashingtonOregonMontanaWyomingNebraskaKansasOklahomaPennsylvaniaKentuckyMississippiArkansasTexas
Get a Free Quote

Best Travel Insurance Reviews

TravelInsurance.com Review - Best for Comparing Quotes

Pros
  • Fast and easy quotes
  • Price guarantee
  • Instant confirmation email once you check out
  • Glossary of insurance terms
Cons
  • Policies and quotes differ by company

A member of the US Travel Insurance Association, TravelInsurance.com, works with some of the largest, top-rated insurers in the country to simplify the process of shopping and purchasing travel insurance.

As a travel insurance marketplace, you’ll be able to get quotes for travel insurance costs from multiple insurance providers by filling out a form with the cost and duration of your trip. This information will be sent to multiple insurance companies, and you’ll receive quotes from each one arranged in a format that makes it easy to compare costs, examine pros and cons, and find policies regarding trip cancellations or interruptions.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
ADVERTISEMENT

Generali Global Assistance - Best for Emergency Support Services

Pros
  • 10-day "free look period"
  • Cancel for a full reimbursement if you haven't already left on your trip
  • 24-hour emergency hotline
  • Access to a global network of doctors via phone or video
  • ID theft resolution support
Cons
  • Higher cost compared to similar options
  • Pre-existing conditions require premium policies
  • Children under 17 are not covered for free

Generali Global Assistance offers a 24-hour emergency hotline and a global network of doctors via phone or video, no matter where in the world you happen to be. You’ll also receive access to ID theft resolution support, as well as concierge service that can help with pet relocation and other needs.

The company offers three travel insurance plan options: standard, preferred, and premium, each with comprehensive support for trip cancellation, trip interruption, baggage loss, and medical and dental coverage at different benefit limits.

The Premium plan includes up to $1 million in evacuation and $250,000 in medical coverage, generous benefits for delay coverage, and lost baggage claims (up to $2,000 per person). The plan also includes benefits for lost sporting equipment, coverage for pre-existing medical conditions, and rental car damage.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
ADVERTISEMENT

Travelex Insurance Services - Best for Families with Children

Pros
  • Savings for families traveling with kids
  • Over 55 years in business; member of the US Travel Insurance Association
  • 24 hours expedited passport service
  • Rent and drive in over 150 countries with the international driving permit
Cons
  • Sparse information available on the claims process
  • Customer Service has limited operating hours

With Travelex Insurance Services, all children under age 17 are automatically protected at no additional cost if they travel with an adult covered under the plan. Just list all of the children on the application, and they’re automatically covered.

Travelex offers two plans for easy comparison: basic protection and premium coverage. The company also provides coverage for lost, stolen, or damaged luggage and can help replace lost essentials such as travel documents or prescriptions. With customizable upgrades, you can add on extra medical coverage and sports coverage.

For international travel, Travelex provides an expedited passport service where customers can obtain a passport in 24 hours and an international driving permit to rent a car and drive in over 150 countries.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
ADVERTISEMENT

RoamRight Travel Insurance - Best for Frequent Flyers

Pros
  • Unlimited trips with the multi-trip annual insurance plan
  • File paperless claims directly from your phone
  • 24-hour emergency travel assistance
  • Mobile alerts while traveling
  • Trip cancellation due to natural disasters or geopolitical instability
Cons
  • Coverage for hazardous sports requires an additional policy upgrade
  • Available only for US citizens and permanent residents
  • Medical information required to determine if a condition is covered

RoamRight Travel Insurance offers different plans with a variety of pricing and coverage combinations. Among these, the Multi-Trip Annual insurance offers an annual plan with coverage for an unlimited number of trips per year, ideal for frequent travelers looking for coverage without the hassle of signing up on every single trip, also called a single-trip plan.

If you’re not interested in trip cancellation coverage, you can choose a plan with medical emergency and evacuation coverage. RoamRight also offers a standalone auto rental insurance plan if you do not require trip cancellation and medical coverage.

RoamRight uses the latest technology, including an online claims submission option and a mobile app complete with travel alerts. The company also provides 24/7 assistance, translation of over 150 medical terms in seven languages, and information on local equivalents for medications.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
ADVERTISEMENT

World Nomads - Best Travel Insurance for Comprehensive Activity and Gear Coverage

Pros
  • 200 + adventure activities covered
  • Purchase additional coverage while traveling
  • 24/7 multilingual assistance
  • Insurance for photo and tech gear, as well as other sports equipment
Cons
  • No Cancel for Any Reason option
  • Coverage varies by country, state, and province

“Designed by travelers for travelers,” World Nomads covers over 200 adventure activities, including bungee jumping, scuba diving, camel riding, motorbiking, skydiving, and snowboarding.

The company offers comprehensive coverage benefits beyond standard options, including coverage for photography, video, or sports gear equipment. Plans also include coverage for trip cancellation, assault, death overseas, and stolen passports or credit cards. Customers can purchase additional coverage for activities not initially planned while traveling.

World Nomads offers a 24-hour multi-lingual assistance team, and their website has several travel blogs and podcasts with valuable information from customers’ experiences throughout the world.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
ADVERTISEMENT

Allianz Travel - Best Reputation

Pros
  • Ten different plans for all types of travelers
  • Rental car damage protection with 24-hour emergency assistance
  • Download the TravelSmart app to obtain alerts, trip information, and file claims
  • 24-hour multilingual hotline
Cons
  • Requires some effort on the buyer's side to read through the different plans
  • Benefits and coverage availability may vary by state

Owned by Allianz SE, the largest diversified insurance company in the world, Allianz Travel has established partnerships with thousands of travel agencies, airlines, event ticket brokers, and credit card companies to ensure competitive service rates and travel assistance.

Allianz offers ten different insurance plans with several coverage combinations and benefits that any world traveler will find useful. The Alltrips Executive plan features higher limits and added business rental benefits and OneTrip Cancellation Plus may be the perfect plan for domestic travelers who don’t need many post-departure services.

The TravelSmart app allows travelers to access their plan information, file and track claims, locate hospitals, and access local emergency numbers. The Allianz 24-hour hotline features multilingual specialists to help travelers replace lost passports, obtain local legal assistance, or secure cash from home.

Seven Corners - Best for Large Groups

Pros
  • Affordable multi-trip coverage, especially for couples and families
  • Political or security evacuation benefit transports you to the nearest safe place or your residence
  • Add cancel for any reason coverage or trip interrupt for any reason coverage to RoundTrip plans
Cons
  • Excludes specific destinations from coverage
  • Residents of some US states are exempted from coverage
  • Pre-existing conditions have a long look-back period

Seven Corners features various group travel insurance plans specifically designed for groups of 10 or more travelers. All plans include benefits such as emergency medical evacuation and 24/7 multilingual travel assistance services for emergencies and other travel difficulties.

The company’s LIAISON® travel insurance plans have a coverage length of up to 364 days and include coverage for coronavirus-related situations. The Travel Plus Group version of the plan covers travelers up to 76 years of age and some pre-existing conditions for U.S. and non-U.S. residents. In contrast, the Student Plus Group version features medical coverage designed for traveling students and faculty members.

Nationwide - Best Cruise Travel Insurance

Pros
  • Three different plans specifically designed for cruise ships
  • Coverage for common cruise issues like missed connections and itinerary changes
  • Trip cancelation of up to $30,000
  • Large insurer with a strong reputation
Cons
  • Low coverage levels for some incidents on certain plans
  • Low trip interruption benefit limits for any reason

Nationwide has been around since 1925 and has an array of travel insurance coverage for individual trips, multi-trips, and cruises. Its custom-tailored plans for cruises, however, are what landed it in this category.

Cruise insurance from Nationwide covers broken down ships and itinerary changes that can lead to missed excursions and flights or other costs. Emergency medical expenses are covered up to $75,000, with medical evacuation benefits up to $250,000. Additionally, all plans include coverage for the weather, an extension of school sessions, work emergencies, and terrorism. The luxury plan also covers the Centers for Disease Control warnings at your destination.

AIG Travel Guard - Best Cancel for Any Reason Insurance

Pros
  • Choice of 50% or 75% CFAR reimbursement
  • High maximum benefit level of $112,500
  • Above average baggage loss and delay benefits
  • 24-hour emergency travel assistance hotline
Cons
  • Information about policy coverage inclusions is not readily available
  • Relatively expensive compared to other travel insurance companies
  • CFAR coverage must be purchased within 15 days of the initial trip deposit

AIG features the greatest flexibility and highest limits among all the travel insurance companies that offer CFAR coverage. Many travel insurers have a flat 75% reimbursement and maximum dollar reimbursement of $75,000, whereas AIG allows for either 50% or 75% and has a very generous benefit level maximum of $112,500.

AIG company offers four plans for consumers based on their needs and travel plans. The company’s basic plan is not available directly through AIG Travel but must be purchased through marketplaces. Its travel insurance plans include travel medical assistance, worldwide travel assistance, LiveTravel® Emergency Assistance, and personal security assistance.

Other Companies We Considered

The following companies all offer solid travel insurance plan options for medical and comprehensive coverage. Their policies are a good alternative to the ones listed above, but they didn’t excel enough in one particular area to make it into our main list.

American Express Travel Insurance

Pros
  • Highly customizable coverage; build your own plan
  • Plans cover trip cancellation due to foreign and domestic terrorism
  • No age limit on coverage
Cons
  • Children aren't covered for free when traveling with an adult
  • 60 days emergency medical vs. 365 days for other coverage

American Express’s travel insurance wing is quite flexible, with four tiers of protection, from a bare-bones policy to comprehensive coverage. Its greatest advantage is allowing travelers to create their own policy, where they can choose their preferred areas of coverage. The company’s website also provides a sample policy contract to read before you buy.

TravelSafe

Pros
  • Affordable and flexible plans with a variety of add-ons
  • $100,000 per person for emergency medical
  • Coverage available for pre-existing conditions 60 days before the trip
Cons
  • No coverage for changes to flight tickets
  • Low accidental death and dismemberment maximums

TravelSafe has been in the travel insurance business for almost fifty years, offering a selection of affordable plans suited for nearly every need. It’s also one of the first companies to offer cancellation for any reason. Travel Safe also allows their customers to choose the portion of their travel costs that they wish to cover, up to 100%.

Trawick International

Pros
  • Excellent emergency medical evacuation coverage of up to $1 million
  • Trip cancellation maximum of $100,000 and travel delay reimbursement of $2,000
  • Six different plans for groups coming in and out of the USA
Cons
  • Low missed connection reimbursement of $1,000
  • Medical and comprehensive coverage must be purchased separately

Trawick International is a strong alternative for CFAR coverage. Consumers have 21 days to add the CFAR option to their plan after the initial trip deposit, and the plan features a generous $2,000 trip delay reimbursement. Trawick also has competitive coverage for large groups, but only for official groups (associations, multinational corporations, volunteer groups, missionary groups, churches, schools, and other designated groups), not leisure for leisure travel.

Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
ADVERTISEMENT

Travel Insurance and COVID-19

The changing landscape of travel caused by the COVID-19 pandemic has forced travel insurance companies to adapt quickly to the situation. As of June 2021, most insurers now cover and treat expenses due to COVID-19 as they would any other sickness. This means benefits such as trip cancellation, trip interruption, emergency medical, and medical evacuation coverage are extended to travelers who contract the virus before or during their trips.

Nonetheless, travel insurance is designed to protect you from financial loss due to unforeseen events, not to cover voluntary trip cancellations due to fear of getting ill. Fear of travel, travel advisories or a traveler’s destination being inaccessible due to COVID-19 are generally not a covered reason under any travel insurance plan.

One option for obtaining coverage for voluntarily canceling your trip is Cancel for Any Reason (CFAR) policies. CFAR coverage is offered as an upgrade to certain policies and provides a partial refund when canceling your trip, regardless of what caused your change of heart.

Not every travel insurance company offers a CFAR upgrade. This policy must be purchased within 14 to 21 days of the first trip booking, and adding it to your policy may increase your total travel insurance bill by about 50%. Companies that offer CFAR travel insurance include:

  • AIG Travel Guard
  • C&F Travel Insured
  • Generali Global Assistance
  • RoamRight
  • Seven Corners
  • TravelSafe
  • Trawick International
  • USI Travel Affinity Insurance Services
Ads by Money. We may be compensated if you click this ad.AdAds by Money disclaimer
If you need to be protected while away on a trip, Travel Insurance has you covered.
Travel is full of unexpected events. Stay safe with a Travel Insurance policy. Click below to find out more today.
Get a Free Quote

Travel Insurance Guide

What Does Travel Insurance Cover?

Travel insurance offers many different types of coverage options and benefits. Ahead we list some of the standard coverage found in travel insurance plans and common add-ons.

Trip Cancellation/Interruption

Trip cancellation insurance will refund up to 100% of the prepaid, non-refundable travel costs as long as the reason for cancellation is covered under the policy and the cancellation takes place before the trip.

Suppose the trip has already started, but you can’t continue and need to return home for some reason. In that case, trip interruption insurance will reimburse you for the unused portion of the trip and even cover expenses you may incur to get back home, such as last-minute flights. Trip interruption insurance can pay as much as 150% of the interrupted trip cost.

Some insurance providers will also offer travel delay coverage, providing a daily amount to pay for meals or lodging during the wait. Other companies offer insurance for missed connections between flights. They will provide reimbursement for any flight change fees or additional expenses incurred while trying to catch up with your travel plans.

Emergency Medical/Dental Expenses

Your health insurance will generally not cover your medical expenses out of the country, so emergency medical care can give you some comfort knowing that if you need medical attention, you’ll be covered. Benefits for medical expenses can range from $15,000 to $50,000, and in some cases, additional coverage can be purchased.

For serious conditions, you can also get Emergency Medical Evacuation coverage. Suppose you suffer an injury, dismemberment, or illness that cannot be properly treated locally. In that case, this benefit will pay to have you evacuated to the nearest medical facility or even repatriated to a facility back in your home country. Benefits usually range between $100,000 to $500,000, but can be as high as $1,000,000.

Baggage and Personal Effects

Baggage delay coverage has a 2-6 hour wait period before a claim can be made. The coverage includes reimbursement for replacement items purchased during the delay, up to the policy limit.

If your bag is lost, travel insurance can reimburse you up to the policy limit, anywhere between $500 to $1,000. Claims typically require receipts or lists of items that prove what was in the luggage. It’s recommended that travelers keep their receipts and/or this list of items on their person.

Worldwide Assistance

Make sure whichever insurer you choose has 24/7 services available in the country you’re traveling to. Request local contact information, including phone numbers and addresses, and keep the information handy with your other travel documents.

Add Ons

Customizable coverages allow customers to increase benefits limits and cover activities that may be excluded from standard policies. Common add-ons or riders include:

  • Cancel for Any Reason - Standard travel insurance policies will reimburse for canceling a trip as long as the reason for cancellation is covered. With Cancel for Any Reason, you can do just that — cancel your travel plans for any reason and get reimbursed for your pre-paid travel costs.
  • Pre-existing Medical Condition Waiver - Most emergency medical policies will not cover you for medical assistance related to a pre-existing condition. You can get a waiver for this exclusion, basically setting it aside and receiving medical coverage as long as you meet the waiver’s requirements.
  • Rental Car Insurance - Basically, a car insurance add-on for your travel insurance package. Coverage will include damages to the rental car and injuries to yourself or others should an accident occur while traveling.
  • Adventure Sports - Most standard travel insurance policies exclude injuries or losses caused by participating in adventure sports such as skydiving or bungee jumping. Adding adventure sports to your coverage ensures you’ll have coverage in case of injury.
  • Identity Theft Protection - Some travel insurance providers include identity theft protection for insured travelers. Among travel plans that include ID theft coverage, the most common benefit helps travelers with missing IDs, passports, credit cards, and other vital financial documents (to learn more about identity theft, visit our best identity theft protection page).

What Does Travel Insurance Exclude?

Some travel insurance companies won’t cover certain pre-existing medical conditions, extreme sports, or expensive tech and equipment. In many cases, you will need to purchase additional coverage, and if you cancel due to fear of travel or other non-medical reasons, the provider won’t pay for your trip. Be sure to review the specifics of the policy you’re considering.

It’s important to note that most travel insurance policies won’t pay for accidents that happen while you’re intoxicated. Most companies include specific clauses that exclude coverage when drugs and alcohol are involved.

How Much Does Travel Insurance Cost?

The price of travel insurance varies, but the average is somewhere between 4-12% of your total trip cost. Some insurance companies offer better value than others for individuals, families, frequent flyers, and groups. Travel insurance companies use a few pieces of personal information, other than the cost of your trip, to calculate the cost of a plan. This includes the age of the travelers, number of travelers, length of travel, and type of coverage.

The age of the travelers is considered one of the most important of the four factors. Travelers over the age of 65 can expect increased rates. The number of travelers and length of travel can often increase the rates. This is because there is more risk attached to the plan with a higher number of variables.

The type of coverage you choose will also change the rate. A basic, comprehensive plan will naturally cost less than one that includes numerous optional benefits. You’ll probably save money by buying travel insurance directly from a company. If you are a frequent traveler, consider purchasing annual travel insurance to save money and time.

Does my credit card have travel protection?

Credit cards may offer some travel protection, usually regarding the costs of tickets and reservations when the card is used for travel purchases. But for most, these can be partial costs, and benefits can be capped.

Most basic credit cards won’t go to the extent of covering the full cost of emergency medical services, return flights from a location other than the one on your return ticket, repatriation costs, identity theft protection, nor car rental protection. It’s best not to go out on a limb and read on your credit card’s policy to fully understand which costs will be covered.

How Do You Choose the Right Travel Insurance Policy?

  1. Check if your insurance company provides customers with travel insurance along with an existing policy. For example, your homeowners or renters insurance may extend its coverage to your personal belongings if you’re traveling within the country (check out our best homeowners insurance and best renters insurance pages for more information).
  2. Identify your travel requirements to ensure that you’re not paying for something you don’t need.
  3. Verify whether the policy covers travel to your chosen destination.
  4. If you are suffering from any pre-existing medical condition, check whether it’s covered under the medical coverage of the policy you’re taking. Most plans do not cover pre-existing medical conditions.
  5. Find out if your insurance policy will cover or assist you financially in case you have to get a new or duplicate passport, need cash in an emergency following the loss of your wallet, or will reimburse you for jewelry stolen during your travels.
  6. Check the policy's fine print before buying to ensure that your policy covers the activities you have planned for your trip. Most plans do not cover high-risk activities or travel to high-risk destinations.
  7. Choose a policy that provides emergency assistance services.
  8. Compare multiple quotes before making your final purchase.
Travel Insurance FAQ
What is travel insurance?
chevron-down
chevron-up
Travel insurance policies cover unforeseen losses and expenses while traveling. Policies regularly include coverage for trip cancellation, both before and during your trip, emergency health care, car rental insurance, as well as lost baggage or costs for trip delays. Some companies include coverage for trip specifics, such as extreme sports coverage or professional photo and video equipment.
How much is travel insurance?
chevron-down
chevron-up
Travel trailer insurance costs between $250.00 and $500.00 per year on average, depending on the company you select, and the add-ons or riders included in your policy.
When is it too late to buy travel insurance?
chevron-down
chevron-up
Travelers can purchase travel insurance as late as the day before their departure date. However, some types of coverage require an early purchase, like cancel for any reason policies.
What is the best travel insurance company?
chevron-down
chevron-up
The best travel insurance company is the one that covers you and your travel companions, as well as the gear, reservations, and all the specifics of your trip. When buying, make sure to create a checklist of your travel expenses and your belongings, so you can request various quotes and see what plan best fits your budget and needs.
Is travel insurance tax deductible?
chevron-down
chevron-up
Only travel medical insurance is eligible to be claimed as a medical expense. Other types of travel insurance like trip cancellation or interruption insurance are not eligible.
Is it worth it to buy trip insurance?
chevron-down
chevron-up
Travel insurance is worth it for longer or international trips where medical facilities or medical care may not be available. However, it's not usually necessary for shorter, standard trips. If the most significant expense of your trip is a hotel that allows you to cancel up to 24 hours of arrival without any financial penalty, then travel insurance is probably not necessary. Still, it will bring you peace of mind.

What's more, if your flight is canceled or significantly delayed because of a hurricane or any other reason, many airlines will typically allow you to cancel for a refund or change your itinerary with no fees — even if the flight was nonrefundable.

How We Chose the Best Travel Insurance Companies

In ranking the best travel insurance coverage options, we used the following factors to evaluate and compare each company:

  • Plans and Coverage - Travel insurance is only valuable if it covers the expenses that matter to you. We looked for insurers with a variety of plans and the ability to customize the plans with upgrades. Companies offering unique add-ons such as adventure activities, coverage for lost sports gear, or other equipment also contributed to our choices.
  • Ease of Use - Shopping for travel insurance shouldn’t be difficult. When evaluating insurance options, we considered how easily you could request a quote and understand the policy information. Most of these companies either offer just a few plans to keep things simple or provide an easy-to-view comparison page where you can quickly spot the differences in each plan.
  • Customer Service and Support - We looked for responsive companies dedicated to providing excellent customer service. Factors like a 24-7 hotline, an established network of global resources and programs to help with emergencies, such as evacuation or stolen credit cards, are just some of the elements that indicate a company is well-prepared and responsive to customer needs. Companies with mobile apps, multiple ways of accessing customer support, and additional services such as obtaining passports or driving permits also earned points, as did those with added perks like concierge and translation services.
  • Reputation - We factored in a company’s reputation when ranking the best travel insurance options. We considered factors like customer feedback and ratings, years in business, and financial stability gauged by their ratings on all major credit rating agencies, including Moody’s and AM Best.

Summary of Money’s Best Travel Insurance of 2021