Travel insurance is an important part of protecting any trip, especially now.
The best travel insurance policies protect your travel dollars against trip cancellations, trip interruptions, lost or damaged baggage, and more. They can also help cover medical expenses if you get sick or injured while traveling.
Of course, finding the best travel insurance policy for your trip takes some work. Thankfully, we’ve done most of the research for you.
To find the best travel insurance companies, we reviewed dozens of policies offered by 20 different companies. Then, we scored them across 29 weighted data points to determine our rankings.
Here are the 10 best travel insurance companies of 2021. Enjoy!
- Travel Insurance Reviews: Top Picks by Category
- 10 Best Travel Insurance Companies: Individual Reviews
- 1. Travelex Insurance
- 2. Atlas Travel Insurance
- 3. RoamRight Travel Insurance
- 4. AIG Travel Guard
- 5. Travel Insured International
- 6. TravelSafe
- 7. Seven Corners Travel Insurance
- 8. Trawick International
- 9. Allianz Travel Insurance
- 10. IMG
- Free Travel Insurance Options
- How We Chose the Best Travel Insurance Companies
- What Does Travel Insurance Include?
- Choosing Travel Insurance During the Coronavirus Pandemic
- Travel Insurance Reviews: Final Thoughts
Travel Insurance Reviews: Top Picks by Category
Travelex Insurance [Best Overall & Best for Families] – Travelex Insurance ranks as our best overall travel insurance company, and it’s also our favorite company for families. With their “Travel Select” plans, children under the age of 18 are covered for free when traveling with a covered adult. You can also customize your plan by adding a “cancel for any reason” upgrade, additional emergency medical and dental coverage, adventure sports upgrades, and more. Learn more | Get a quote
Atlas Travel Insurance [Best Travel Medical Insurance] – If you’re looking for straight international medical coverage, the Atlas International Premium policy from Atlas Travel Insurance is our top choice. Although it lacks some of the trip protection features found with other policies, with up to $2,000,000 in coverage, it is hard to go wrong with Atlas. Learn more | Get a quote
World Nomads [Adventure Travel] – World Nomads is our choice as the best travel insurance for adventure travel. Providing coverage for over 200 sports and activities, including several extreme sports, their travel medical insurance coverage is a great choice for backpackers and adventurers alike. They also offer solid trip cancellation/interruption coverage and medical coverage for individual trips. In our opinion, it’s hard to go wrong with World Nomads. Full review | Get a quote
10 Best Travel Insurance Companies: Individual Reviews
Ready to find the best travel insurance policy for your trip? Here’s our list of the top companies along with travel insurance reviews for our 10 favorites!
(Disclosure: Some of the items appearing below include affiliate links. If you use these links to purchase travel insurance, Club Thrifty may receive compensation. This has not affected the order of our rankings, however, we do not review all available offers. Additionally, this article does not represent an offer of travel insurance coverage. Please note that pricing, coverage amounts, and availability are subject to change.)
1. Travelex Insurance
Travelex Insurance is our pick for the best travel insurance company this year. We also rank the Travelex Travel Select plan as the best travel insurance for families.
Travelex offers two types of comprehensive travel insurance plans: Travel Basic and Travel Select. Although the Basic plan is generally cheaper for single travelers, the Travel Select plan covers children under 18 for free when they travel with a covered adult. This could save you a ton of money on travel insurance, especially if you have multiple children.
The Travel Select plan also offers the “Cancel for Any Reason” upgrade. If you’re planning a trip in the current coronavirus environment, this is a must. We don’t know what is going to happen over the next few months, and most travel insurance plans do not cover losses due to “known events” or pandemics. A “cancel for any reason” rider protects your travel dollars, just in case you can’t go.
When it come to trip insurance, both the Basic and Travel Select plans include trip cancellation, interruption, and delay. They also include coverage for a missed connection, baggage delay, and loss of baggage and personal effects.
In terms of coverage amounts, the Travel Select plans offer more coverage which is why they can be more expensive. With that said, since children under 18 are covered free when traveling with a covered adult, families may actually find the Travel Select plans to be cheaper than Basic plans.
In terms of medical insurance, both the Basic and Travel Select plans offer emergency medical and dental expense coverage, emergency medical evacuation/repatriation, and accidental death and dismemberment coverage. There’s a pretty big difference in coverage between the two plans: $15,000 for medical and dental expenses with the Travel Basic Plan compared with $50,000 with the Travel Select Plan.
Overall, the Travelex Travel Select plan provides comprehensive coverage at a great price. Sure, you might find other policies which offer more or better coverage in certain area. However, Travelex ranks as the best travel insurance company because it provides coverage for the most important items at a price travelers will love.
2. Atlas Travel Insurance
Atlas Travel Insurance by Tokio Marine HCC is primarily focused on providing travel medical insurance. With that said, their travel medical coverage scores so high that Atlas narrowly lost out for the best overall company.
With Atlas, you can create a custom plan to fit your needs. Although Atlas offers a number of different plans, there are two main types to consider: Atlas Travel and Atlas Premium. Both of these come in either an international plan or with worldwide coverage including the United States. They also cover the same things, but Atlas Premium offers higher coverage amounts in many categories.
Travelers under 70 can choose maximum coverage limits ranging from $50,000 up to $2,000,000 with a deductible from $0 to $5,000.
Seniors aged 70-79 have good options and can choose maximum coverage of $50,000 or $100,000. Seniors over 80, though, have minimal coverage at only $10,000. The maximum coverage amounts are the same with both Premium and Travel plans.
Both plans cover emergency medical treatment and the expenses related to it (ambulance, hospital stay, etc.). Emergency medical evacuation is covered for up to $1,000,000 and is not subject to the deductible or the plan maximum limit. You also get coverage for accidental death and dismemberment, personal liability, repatriation of remains, and more.
Atlas Travel and Atlas Premium provide coverage for travel delay, loss of baggage, and trip interruption but not for trip cancellation. These are primarily medical plans for people who want flexible options in terms of coverage maximums and deductible. So, if you’re looking for robust trip insurance, you should consider a more well-rounded trip cancellation policy – or add it on for an additional cost with Atlas.
3. RoamRight Travel Insurance
RoamRight scores high marks for offering one of the best travel insurance plans overall. It also offers excellent coverage for adventure sports and gets high marks for its reputation and customer satisfaction. However, it does lose points for the lack of a “Cancel for Any Reason” option during a pandemic.
As a company, RoamRight offers five travel insurance solutions to meet the needs of most travelers:
- Pro plan
- Pro Plus plan
- Travel Medical plan
- Multi-Trip Annual plan
- Rental Car Insurance
The Pro and Pro Plus plans are single-trip policies designed to cover all the bases. They include:
- Trip protection
- $50,000 in emergency medical coverage with no deductible
- $500,000 in emergency evacuation and repatriation
- Trip delay
- Baggage delay
- Loss of baggage and personal effects
- … And more
It is worth noting that the Pro Plus plan scored the highest in our study.
The features that set the Pro Plus plan apart are primary medical coverage and cancellation for work reasons. The Pro Plus plan costs a little more, of course. These well-rounded plans are great for families because each covered adult can insure a child for free.
The Travel Medical plan is for the traveler who prioritizes high levels of medical coverage over trip protection. This plan includes trip interruption and loss of baggage and personal effects, but not trip cancellation. Because trip cancellation is typically a policy’s most expensive feature, the travel medical plan is less costly than the Pro and Pro Plus plans.
Last, RoamRight offers a Multi-Trip Annual plan to meet the needs of frequent travelers up to age 75. This plan covers all trips lasting up to 30 days in a one-year period. Coverage includes trip protection, $25,000 in emergency medical, $250,000 in evacuation and repatriation, and all the standard convenience features included with the Pro plan. If you travel several times per year, this might be a cost-effective choice.
4. AIG Travel Guard
Travel Guard from AIG is another excellent option for travel insurance. Earning high marks across the board, this is easily one of the best travel insurance companies on the market.
At Travel Guard, you can choose from one of five policy options:
- Pack N’ Go
The first four options provide single trip insurance coverage while the annual policy covers multiple trips within a year. Although frequent travelers may want to consider the annual policy, the Deluxe policy scored highest in our study.
Travel Guard Deluxe policies come with trip cancellation coverage for up to 100% of your insured travel costs. Additionally, there is up to 150% travel interruption coverage. Emergency medical expenses are covered for up to $100,000 per insured traveler.
The Deluxe policy also offers coverage for lost or damaged baggage, accidental death and dismemberment, and more. Optional upgrades include “Cancel for Any Reason” and additional coverage for adventure sports.
5. Travel Insured International
Founded in 1994, Travel Insured International has been insuring travelers for over 25 years. They currently offer four plans from which to choose, including:
- Worldwide Trip Protector Plus
- Worldwide Trip Protector
- Worldwide Trip Protector Lite
- Travel Medical Protector
Each of the Worldwide Trip Protector plans focus on a comprehensive approach to travel insurance. Coverage amounts and pricing varies by policy, but the Worldwide Trip Protector scored highest in our findings.
All three Wordldwide Trip Protector plans offer trip cancellation coverage of up to 100% of your insured trip’s cost. Both the Trip Protector and the Trip Protector Plus offer trip interruption coverage of up to 150% of costs while the Trip Protector Lite comes in at 100%.
When it comes to emergency medical coverage, both the Trip Protector Plus and the Trip Protector offer $100,000 in coverage – as opposed to the Trip Protector Lite, which only offers $10,000.
Although the Trip Protector plan scored the highest, it does not have a “Cancel for Any Reason” rider available. The Trip Protector Plus plan does offer CFAR, but it comes with some significant restrictions – including a requirement to buy your plan within 21 days of your initial trip deposit and coverage for only 75% of your insured trip’s cost. It also comes with a significantly higher price tag.
TravelSafe Insurance offers both travel medical and trip protection plans. Their trip protection plans offer comprehensive travel insurance and come in two levels: Classic and Basic.
As you might expect, each type of coverage includes different levels of protection. The following coverages are included in both the TravelSafe Classic and Basic plans:
- Trip cancellation
- Trip interruption
- Accident and illness benefits
- Accidental death and dismemberment (AD&D)
- Baggage delay and property protection
- Round the clock Worldwide Assistance
- …and more
Importantly, the Classic plan includes an optional “Cancel for Any Reason” rider while the Basic plan does not. Of course, if you choose to add the CFAR rider, you will pay an additional fee.
TravelSafe’s Classic plan scores relatively high marks across the board, helping it to rank in the top 10 of our best travel insurance policies. It did score slightly lower in affordability than some of the options above, however, both the Classic and Basic plans are suitable for a typical traveler who just wants some protection.
7. Seven Corners Travel Insurance
Seven Corners offers a variety of travel insurance solutions, including travel medical insurance, trip insurance plans, and more. Their highly-customizable medical insurance plans are some of the best on the market, and the trip insurance plans score nicely in our rankings as well.
When it comes to trip insurance plans, Seven Corners offers three options. These plans provide medical coverage, as well, but are less customizable than their travel medical insurance counterparts. With that said, the trip insurance plans score higher in our rankings because of their comprehensive nature – which is what most travelers are looking for in a travel insurance plan.
The three trip insurance plans are called:
- RoundTrip Economy
- RoundTrip Choice
- RoundTrip Elite
They all cover trip cancellation, trip interruption, trip delay, missed cruise/tour connection, and change fee. For medical, they cover emergency medical accident and sickness medical expense, emergency dental, and emergency medical evacuation/repatriation. With these plans, you’ll also enjoy baggage and personal belongings protection and accidental death and dismemberment coverage.
Of course, these trip insurance plans vary in price and level of coverage. So, if you want maximum protection you’ll pay more for that peace of mind with the Roundtrip Elite Plan. With that said, you can only purchase “Cancel for Any Reason” coverage if you choose either the Elite or the Choice plans.
Beware of the Roundtrip Economy Plan unless you have alternate medical coverage – it only provides $10,000 in medical coverage. The other two plans offer extremely solid coverage, though. Also, take note that these plans may not be available in all states.
Note that trip insurance pricing depends on the cost of the trip since the cancellation and interruption coverage reimburses 100% (or in some cases, 150%) of total trip costs if you file a claim. For this reason, the trip insurance plans are more expensive than the medical plans.
8. Trawick International
With policies to meet almost any travelers needs, Trawick International is easily one of the top travel insurance companies out there. Whether you need travel medical insurance, vacation rental insurance, or insurance for adventure sports and activities, Trawick has you covered.
Although they offer several different policy types, their trip cancellation insurance policies will meet the needs of most travelers. They offer both single trip and annual policies. For our purposes, their Safe Travels Voyager policy scored highest.
The Safe Travels Voyager policy comes with a $250,000 per person max on primary emergency medical coverage. It also includes trip cancellation coverage of up to 100% of your insured trip costs, maxing out at $100,000.
Like other comprehensive trip insurance policies, the Safe Travels Voyager policy includes coverage for emergency medical evacuation, trip interruption, trip delay, and your baggage and personal effects. “Cancel for Any Reason” coverage is available for an additional fee.
9. Allianz Travel Insurance
Allianz Travel Insurance offers a range of travel insurance products, including single trip insurance plans, annual plans, rental car only plans, and more. Personally, we think their annual plans are where Allianz really shines. In fact, we use them ourselves!
We’ve got the AllTrips Premier plan, which includes:
- Emergency medical and dental
- Emergency transportation
- Trip cancellation and interruption
- Baggage loss/damage
- Rental car damage & theft coverage
- …and more
This plan comes with $2,000-$15,000 per insured in trip cancellation/interruption insurance, $50,000 per insured in emergency medical coverage, and $500,000 per insured in emergency medical transportation. These limits are also per trip, not per year! So, if you travel multiple times a year, we think you get a great value for your money.
With that said, if you only need insurance coverage for a single trip, Allianz can help you there too. Again, there are 3 different plans to choose from:
- OneTrip Basic
- OneTrip Prime
- OneTrip Premier
All of these cover emergency medical/dental, emergency transportation, trip cancellation/interruption, baggage loss/damage, & more. The primary difference between the plans is the amount of coverage offered in each category.
Although the OneTrip Premier plan scored highest in our rankings, according to Allianz, OneTrip Prime is their most popular plan. From my point of view, the trip insurance with OneTrip Prime is great, but the emergency medical coverage is a little low. I’d strongly consider the OneTrip Premier for the extra coverage. After all, you never know!
Like many of the best travel insurance companies, IMG offers multiple plans to fit every traveler’s needs and budget.
The three comprehensive trip insurance plans are called:
- iTravelInsured Travel Lite Insurance
- iTravelInsured Travel SE Insurance
- iTravelInsured Travel LX Insurance
These are described as travel insurance, rather than travel medical insurance. The Travel Lite offers basic coverage for the budget-minded traveler, while the other two plans offer increased coverage for higher price tags.
IMG also offers customizable travel medical insurance. So, instead of comprehensive plans that focus on trip insurance and provide a set amount of coverage for medical expenses, these plans focus on medical coverage and allow travelers to choose the coverage and deductible they’re comfortable with.
The iTravelInsured Travel LX plan was the highest scoring plan for our rankings. With that said, this plan does receive low marks for affordability. It was exceptionally more expensive than most of the best travel insurance policies listed in our top 10. Still, the comprehensive coverage and relatively high limits make it worth considering.
Free Travel Insurance Options
Did you know there are actually some free options available for travel insurance? It’s true!
Several of the best travel credit cards offer various types of travel insurance to card members. Keep in mind, these offers typically work best as a supplement to a more robust travel insurance policy. You’ll also need to book your trip using your card (or points from the card ) to be eligible, and medical coverage is not usually included.
With that said, if you are new to travel rewards cards, the Chase Sapphire Preferred Card is our favorite option. Here’s a list of some of the travel perks it provides:
- Trip Cancellation/Trip Interruption Insurance (Up to $10,000)
- Primary Auto Rental Collision Coverage
- Baggage Delay Insurance (Up to $100/day – 5 day max)
- Trip Delay Reimbursement
- Roadside Dispatch
- Lost Luggage Reimbursement
- Accidental Death/Dismemberment (Up to $500,000)
- No Foreign Transaction Fees
Pretty sweet, right?
We’ve personally used this insurance several times. In fact, we use the card every time we rent a car so we don’t have to purchase the rental company’s insurance. A few years ago, we also filed a trip delay reimbursement claim. The process was smooth and they paid the claim exactly as expected.
In addition to travel insurance, there are lots of other awesome Chase Sapphire Preferred benefits you should be aware of. Currently, new U.S. card members can earn a 60,000 point signup bonus when the spend $4,000 on the card in the first three months. That’s worth a whopping $750 in travel when booked through the Chase portal! You can also transfer your points to over a dozen transfer partners (like Marriott, Hyatt, IHG, Southwest Airlines, United, and more) to stretch them even further.
The card also earns 2 points per dollar spent on travel and restaurants and 2x points per dollar on grocery store purchases on your first $1,000 spent each month (includes eligible pickup & delivery). You’ll earn 1 point per dollar on all other spending. The card does carry a $95 annual fee, but we think the benefits far outweigh the cost.
How We Chose the Best Travel Insurance Companies
To find the best travel insurance companies, we created the most comprehensive travel insurance ranking system to date.
We started by reviewing dozens of policies offered by 20 different companies. Then, we scored them in five main categories. These categories included a total of 29 different ranking factors which were weighted individually and according to importance. Finally, we compiled our findings into travel insurance reviews for our top 10 companies.
Here are the five main categories we used for our rankings and the total weighted percentage carried within each category:
- Types of Coverage Offered (60%) – This was our main area of focus. Here, we primarily considered the types of coverage offered by each company and their coverage limits. For reference, this category included 16 of our 29 ranking factors.
- Costs & Fees (15%) – The focus in this category was on policy pricing, “free look” and refund options, and other similar factors.
- Reputation & Customer Satisfaction (15%) – Items in this category focused on things like information from the Better Business Bureau, customer reviews, and more.
- Stability (5%) – This category’s main focus was on how stable the company has been over time.
- Customer Experience (5%) – Here, we ranked travel insurance companies by their customer assistance, website usability, and other similar factors.
List of Full Results
As we mentioned, we reviewed dozens of policies offered by 20 different companies. For coverage limits, we used the the highest scoring individual policy to represent the company as a whole.
Below, you’ll find a list of the 20 travel insurance companies we reviewed. We’ve also included their average weighted score (our of a possible 5.00) so you can compare our results.
What Does Travel Insurance Include?
Travel insurance protects you from financial loss related to unexpected events that occur before or during a trip. Different policies cover different events, but there are two broad categories to consider: medical coverage and trip insurance. If you want the best international travel insurance, you should make sure you have both.
When traveling internationally, medical coverage is a must. The cost of health care in some countries is astronomical. Remember, even if you have a health insurance policy or belong to a healthcare sharing ministry in your home country, medical costs may not be covered in another.
Most medical travel insurance policies include coverage for emergency medical treatment (sometimes including dental), medical transportation, emergency medical evacuation, accidental death or dismemberment (AD&D) coverage, and repatriation to your home country in the event of your death.
It’s important to note that many policies don’t cover pre-existing conditions. Others may only cover the acute onset of a problem related to a pre-existing condition. Be sure to read the fine print carefully and make sure you understand what their definition of pre-existing is!
When considering the amount of medical coverage you need, you should do some research on the cost of healthcare in the country you’re visiting. In most cases, I suggest having at least $50,000 in coverage for emergency medical.
Trip insurance protects the financial investment you’ve made in your trip, including coverages for trip cancellation and trip interruption.
In the event that you need to cancel your travel plans for a covered reason before departure, trip cancellation typically covers any non-refundable deposits you may have made for your trip. This usually includes things like airline tickets, hotel stays, and more.
Trip interruption covers the costs associated with having to suddenly return home during a trip. Usually, only specific reasons are covered, such as a close family member falling seriously ill.
Most travel insurance policies also cover costly inconveniences that can be part of the travel experience, like losing your luggage or other personal effects. (It might not sound like a big deal, but if an airline has ever lost your luggage, you know how annoying and expensive it can be.) Many policies provide a stipend so you can buy new clothes, luggage and other items once you reach your destination.
Choosing Travel Insurance During the Coronavirus Pandemic
As we all know, the coronavirus pandemic has brought the travel industry to a screeching halt. Although it may still take some time until travel rules and restrictions are lifted, there are some incredible deals to be had if you’re willing to plan ahead.
If you want to save big money, now is a good time to pick your destination, search for the cheapest flights, choose the perfect accommodations, and plan your sightseeing itinerary. Of course, you’ll also want to find the best travel insurance plan for your trip.
Sure, it’s tempting to skip travel insurance and save that money for your adventures. Don’t do it! Spending a few extra bucks on travel insurance – especially right now – could save you thousands of dollars down the road.
Because of all the unknowns of the pandemic, personally, I’d seriously consider adding a “cancel for any reason (CFAR)” rider on my policy. This allows you to cancel your plans for “any reason” and make a claim on unreimbursed expenses covered by your policy. Benefits vary by policy, so make sure you understand what you can expect prior to purchasing.
If you’re traveling internationally, it’s also important to consider the cost of emergency healthcare. Even in some of the cheapest vacation spots, getting sick or injured can mean thousands of dollars in medical bills. Travel insurance can protect you from taking a huge financial hit when things don’t go according to plan. We don’t travel without it and neither should you. (Be sure that your policy also covers you if you get sick with COVID-19 while on your trip.)
Travel Insurance Reviews: Final Thoughts
There’s a lot to consider when choosing a trip insurance policy. Whether you’re looking for cruise insurance, international medical coverage, or simple trip insurance, we hope this list of travel insurance reviews has been helpful.
Remember, don’t cheap out on travel insurance. The best travel insurance companies protect both your travel investment and your health.
Thanks for reading and happy traveling!
Is travel insurance worth it?
In most cases, travel insurance is used to protect the money you’ve invested into your trip. Therefore, purchasing a travel insurance plan may not be worth it in every situation.
For example, if you booked an international trip and shelled out thousands of dollars in non-refundable costs, travel insurance is probably a good idea. Be sure your policy also covers international medical emergencies.
On the other hand, if you are traveling domestically and only expect a few hundred dollars in non-refundable costs, buying a travel insurance policy may be unnecessary.
What does travel insurance cover?
The term “travel insurance” is a broad title which applies to several types of insurance coverage options for travelers. These insurance policies are meant to protect any unforeseen monetary losses you may experience prior to or during your travels.
At a minimum, most – but not all – travel insurance policies include trip cancellation and trip interruption insurance. These policies typically cover any non-refundable losses you may experience should you be forced to cancel your trip (or interrupt your trip) due to a covered reason.
Other types of travelers insurance may include more specific types of coverage. For instance, some policies only include international medical insurance for emergencies. Primary auto rental coverage is another option.
While specific types of coverages can be purchased separately, many travel insurance policies combine multiple types of coverage into one larger product.
Which is the best travel insurance company?
Travel insurance is not a “one size fits all” product. Because travel insurance policies vary between providers, the best travel insurance company is the one who offers a policy that meets your specific needs.
When shopping for the a travel insurance policy, consider which types of coverage you may need. Most travelers will benefit from trip cancellation and interruption coverage, but not everybody needs coverage for extreme sports. Frequent travelers may want to consider an annual plan while others may need coverage for a single trip.
It’s important to compare multiple plans before you buy. Pay special attention to what each plan covers, coverage limits, and any deductibles you may need to meet before your travel coverage kicks in.
Do credit cards include travel insurance?
Some travel rewards credit cards provide limited travel insurance coverage. This may include trip cancellation/interruption insurance, lost baggage coverage, primary auto rental insurance, and more.
In many cases, the travel coverage offered by your credit card will have smaller limits than those offered by a traditional travel insurance policy. Keep in mind, to be eligible for coverage, you must use your card to pay for the trip.
Can I buy travel insurance for multiple trips?
If you are a frequent traveler, some travel insurance companies offer multi-trip or annual plans. These plans are often more affordable than purchasing individual plans for each trip. Family plans may also be available.