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Best Travel Insurance Companies of 2022

Best Travel Insurance Companies of 2022

Nationwide’s Essential Plan is the best travel insurance policy that offers comprehensive coverage at a reasonable price.

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Compare the best travel insurance companies of 2022

Companies
Best for…
Estimated price ?
HTH logo
HTH Travel InsuranceSecondary travel insurance$
IMG logo
IMGTravel medical coverage$
Berkshire Hathaway logo
Berkshire Hathaway Travel ProtectionAirfare coverage$
World Nomads logo
World NomadsBest trip extension coverage$$
Nationwide logo
NationwideComprehensive coverage$$
Seven Corners logo
Seven CornersBest value coverage$$
Travelguard logo
AIG Travel GuardOptional coverage options$$
Generali logo
GeneraliFree trial period$$$
Allianz logo
AllianzMobile app$$$

$: less than $5/day, $$: $5-20/day, $$$: more than $20/day

Jump to

Travel insurance has become a hot topic amid the recent rush to return to travel and the large number of flight delays and cancellations. With so much uncertainty around traveling, travel insurance is now top of mind when making plans.

Like car insurance, it’s tough to know which insurance policy you need, the best providers for you, and how much you should be paying for each policy. We break down the best travel insurance policies for all different needs and travel destinations. We’ll also explain how to get travel insurance for free with a travel credit card.

Best travel insurance company for comprehensive coverage: Nationwide

Estimated price for a seven-day trip ?

$16.48-$25.09/day


Pros and cons

  • "Cancel for any reason" coverage available
  • 10-day review period in most states
  • Travel assistance included at no charge
  • Exceptional limits for medical evacuation coverage
  • Tailor your travel insurance plan to your needs
  • Must be purchased within 10 days of initial deposit on a trip
  • Baggage delay coverage only applies to delays of at least 12 hours
  • Rental car coverage is optional

Why we like it

Nationwide’s Essential Plan is the best cheap travel insurance policy that offers comprehensive coverage. In addition to the standard coverages associated with travel insurance, the Essential Plan includes health, medical and death and dismemberment, as well as other benefits.

  • Annual trip insurance, single trip insurance and cruise insurance available
  • Basic coverages include trip cancellation, trip interruption, baggage delay, emergency evacuation and more
  • Coverage for trip cancellation due to terrorism in an inner city included
  • Prime plans with elevated coverage limits available

Benefits of the policy also include coverage for events before and during a trip, such as trip cancellation, trip interruption and travel delays. Policyholders will also have access to the company’s Travel Assistance service at no additional cost.

To add "Cancel For Any Reason" coverage, you can opt for Nationwide's Single-Trip Prime Plan instead. The maximum policy limits also are significantly higher, and you’ll receive additional benefits.


Best travel insurance company for travel medical coverage: IMG

Estimated price for a seven-day trip ?

Starting at $2.23/day


Pros and cons

  • Purchase short-term travel medical coverage for within and outside the U.S.
  • Potential for high coverage limits
  • Low daily cost
  • Pay more for a comprehensive plan
  • Coinsurance required
  • Deductibles of up to $25,000 can apply

Why we like it

For someone primarily concerned about finding medical coverage when traveling internationally, the IMG Patriot Travel Medical Insurance is the best cheap travel insurance plan on our list.

  • Buy coverage worth up to $8 million toward medical expenses you incur while traveling
  • COVID-19 coverage included
  • Some plans include telehealth visits
  • Extend coverage during longer trips for an additional 24 to 36 months

The policy covers intensive care, surgery, physician visits, diagnostic procedures, prescription medication, local ambulance expenses, emergency room visits and other medical costs. It also includes emergency medical evacuation, in the event a policyholder needs to quickly get to a hospital or back to their home country for unexpected medical treatment.

Savvy traveler tip: Everyone traveling abroad, especially for extended periods, should research if their health insurance in the U.S. will cover them. If not, you may need to purchase additional travel health insurance.
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Best travel insurance company for airfare coverage: Berkshire Hathaway Travel Protection

Estimated price for a seven-day trip ?

Starting at $3.62/day


Pros and cons

  • Purchase specific coverage for flight delays, missed connections, and more
  • Low daily cost
  • Get paid for flight inconveniences
  • Airfare-specific coverage only applies to flights
  • You'll pay more for a plan with broader coverage options
  • Fairly low coverage limits ($500) for lost luggage

Why we like it

When it comes to domestic travel in the U.S., Berkshire Hathaway Travel Protection is the best company on this list.

  • Buy an AirCare or ExactCare Extra plan for flight-specific travel inconveniences
  • Berkshire Hathaway can file some types of claims on your behalf
  • Get paid for inconveniences like missed connections and tarmac delays
  • 24/7 emergency travel assistance is included

Most travel insurance companies offer some form of coverage for flights, but Berkshire Hathaway's AirCare is unique. The company actively tracks flight activity and automatically transfers payouts for eligible circumstances without filing a claim. It also transfers money to policyholders for unique situations, such as a tarmac delay.

In addition to AirCare, Berkshire Hathaway Travel Protection offers ExactCare Extra, which provides more traditional travel insurance coverage options. Whether you're making your regular visit to see family, on a business trip or taking a once-in-a-lifetime vacation, these are coverages to strongly consider.

On top of flight-related travel insurance plans, Berkshire Hathaway also offers specialized plans designed for road trips, luxury travel or adventures. These plans will typically come at a higher cost.


Best travel insurance company for its mobile app: Allianz

Estimated price for a seven-day trip ?

$23.62-$41.00/day


Pros and cons

  • Handy mobile app lets you access coverage benefits on the go
  • Many coverage options available
  • Epidemic coverage endorsements offered
  • Plans are more expensive than some competitors
  • Basic plans have coverage limits that may be insufficient

Why we like it

Allianz's app lets you stay connected to your travel insurance plan on the go, and you can even use it to communicate with Allianz and start filing your claim.

  • Mobile app lets you connect with Allianz for claims within minutes during your trip
  • Mobile app offers medical translations in 18 languages
  • App offers international hospital and clinic search
  • Myriad plans and coverage options available
  • Medical-only and trip cancellation-only plans available

Policyholders can access Allianz Global Assistance Services through the Allianz TravelSmart app, available for free on both iOS and Android devices.

There are three levels of Allianz OneTrip travel insurance: Basic, Prime and Premier. Allianz makes it clear which types of vacations would fall under each insurance category, helping the user understand the best choice for them.

Plans from Allianz vary based on the maximum policy limits that come with each level of coverage, so you'll want to compare them before you choose the right policy for your trip and your needs. For example, a Basic single trip plan from Allianz offers coverage worth up to $50,000 for emergency medical evaluation and up to $10,000 in emergency medical coverage, yet the Premier single trip plan offers higher limits for these coverage options — $1 million and $50,000, respectively.


Best travel insurance company for secondary travel insurance: HTH Travel Insurance

Estimated price for a seven-day trip ?

$1.39-$2.39/day


Pros and cons

  • Affordable plans provide additional medical coverage
  • Single trip plans, multiple trip plans and extended travel plans available
  • No hospital pre-certification penalty
  • You must have a U.S. health plan to buy this coverage
  • Minimal coverage options for non-health issues

Why we like it

HTH Travel Insurance offers coverage perfect for the budget-conscious traveler who already has primary health insurance.

  • Buy secondary medical coverage for trips outside the United States
  • Includes coverage for COVID-19 testing and treatment
  • Choose your limits and deductible
  • Secondary coverage is available to those who already have a U.S. health insurance plan
  • 24/7 phone, web, mobile and and telemedicine support

Assuming a traveler is a U.S. resident and will be traveling abroad, HTH Travel Insurance offers one of the best travel health insurance plans on this list. This coverage is offered through a partner company called GeoBlue in some states, and it comes with incredibly low total trip costs that can be less than a dinner out with friends.

Since HTH travel insurance offers secondary coverage, it's relatively affordable (as little as $2 per day or less). Unlike other travel medical plans, HTH Travel Insurance’s single-trip plans through GeoBlue are available to travelers who are ages 95 and younger. Coverage can also be obtained for exceptionally lengthy trips outside the United States that last for up to six months.


Best travel insurance company for value coverage: Seven Corners

Estimated price for a seven-day trip ?

$18.25-$26.12/day


Pros and cons

  • "Cancel for any reason" add-on coverage available
  • Affordable pricing for major coverage options
  • Choose the level of coverage you need (Basic or Choice)
  • Exceptional coverage limits for medical evacuation
  • Some plan benefits vary by state

Why we like it

Seven Corners offers a RoundTrip® Trip Cancellation travel insurance plan with robust coverage options for trips within the U.S. and abroad.

  • Coverage for emergency medical and medical evacuation included
  • Protection for your belongings and trip delays
  • Basic and Choice plans available

RoundTrip® Trip Cancellation travel insurance is their most popular, mainly because it offers the most important types of travel insurance coverage for a relatively low cost.

RoundTrip® Trip Cancellation plans come with trip cancellation and interruption insurance, trip medical coverage, and coverage for your belongings. Baggage delay coverage is also included, and you can add on rental car coverage or "cancel for any reason" coverage if you need it.


Best travel insurance company for optional coverage options: AIG Travel Guard

Estimated price for a seven-day trip ?

$18.69-$38.41/day


Pros and cons

  • "Cancel for any reason" add-on coverage available
  • Multiple optional coverage options available
  • Choose a basic plan up to premium protection
  • Some plans offer coverage for "travel inconveniences"
  • More expensive than some of the competitors we compared
  • Travel medical coverage may be insufficient in lower tier plans

Why we like it

We like the fact that AIG Travel Guard lets you choose a plan with so many optional coverages if you prefer, such as rental car coverage, lodging expense coverage, security evacuation coverage, Flight Guard protection and cancel for any reason coverage.

  • Essential, Deluxe and Preferred plans available
  • Trip cancellation worth up to 100% of the total trip cost
  • Trip interruption coverage worth 100% to 150% of the total trip cost
  • Medevac coverage included in every plan
  • Numerous specialty coverage options available

AIG Travel Guard offers three basic plans to choose from for single trips — an Essential plan, a Deluxe plan, and a Preferred plan. Each tier of coverage is available in every state as well as Washington D.C.

Basic coverage options included in all Travel Guard plans include trip cancellation and interruption coverage, baggage coverage, protection for travel medical expenses, and Medevac coverage. Through AIG's handy customization, you can build on this to fit your needs.


Best travel insurance company for trip extension coverage: World Nomads

Estimated price for a seven-day trip ?

$8.70-$14.01/day


Pros and cons

  • Affordable plans available
  • Extend your travel insurance plan during the middle of your trip
  • 24-hour travel assistance services included
  • Coverage limits within Standard plans are on the low side

Why we like it

We like the fact World Nomads lets you extend your travel protection coverage during the middle of a trip as well. This makes World Nomads a good option for travelers who need travel insurance but are unsure of their exact travel date home.

  • Covers 200+ adventure activities
  • Coverages include trip cancellation and interruption, emergency medical evacuation, emergency medical expenses, baggage delays and more
  • Choose from basic coverage or a more comprehensive plan
  • Includes accidental death and dismemberment insurance

World Nomads offers two tiers of travel insurance for single trips — a Standard plan and a more robust Explorer plan. Both tiers of insurance offer coverages such as trip cancellation insurance, emergency medical insurance, emergency evacuation coverage, trip delay coverage, lost luggage protection, repatriation of remains and more.


Best travel insurance company for free trial period: Generali

Estimated price for a seven-day trip ?

$22.00-$30.69/day


Pros and cons

  • Free 10-day trial period
  • COVID-19 coverage included in every plan
  • Tailor your coverage to your needs
  • "Cancel for any reason" add-on coverage available with top tier plan
  • Some coverage limits within the Standard plans may be insufficient (e.g. only $200 per person in baggage delay coverage)
  • Rental car coverage not included in Standard plan or Preferred plan

Why we like it

One major benefit of this company is the fact that buyers get a 10-day "free look" at their plan with the option to cancel and get a refund within that time period.

  • 10-day trial period with money-back guarantee
  • COVID-19 illness coverage included
  • Choose from three tiers of travel insurance coverage
  • Top tier Premium plan includes coverage for pre-existing conditions
  • Trip cancellation coverage reimburses 100% of prepaid travel expenses
  • Trip interruption coverage reimburses 125% to 175% of prepaid travel expenses depending on the plan

Generali offers three main types of coverage for travelers to choose from, including a Standard plan, a Preferred plan, and a Premium plan.

Premiums for Generali travel insurance tend to be in the middle of the pack based on our internal analysis, yet coverage options are robust for the highest tiers of coverage from this provider.

For example, the highest level Premium plan from Generali came in at less than $31 per day for the trip we quoted. However, this plan comes with basic coverages you would expect plus up to $1 million in protection for emergency assistance and transportation, accidental death and dismemberment insurance for flights worth up to $100,000 per person and up to $200,000 per plan, and trip interruption coverage worth up to 175% of the trip cost.

Is travel insurance worth it?

If you're going to spend thousands of dollars on a trip of a lifetime, it can absolutely make sense to spend a few hundred more dollars (and potentially less) in order to add travel insurance to your booking.

After all, you can easily be out all the money you spent if a trip has to be canceled, or is somehow interrupted or ruined, due to reasons beyond your control.

Here are some of the most important reasons travel insurance can be "worth it" in a traditional sense.

You may have spent thousands of dollars on flights and hotels for your trip, but you may not get your money back if you have to cancel or reschedule. That said, a travel insurance plan can ensure you get reimbursed for trip cancellations and interruptions that are beyond your control.

A travel insurance plan can help you avoid racking up medical bills if you become sick or injured away from home.

Many travel insurance companies have mobile apps, 24-hour travel assistance services, and travel concierge departments. Buying this type of insurance means you're never stuck trying to figure out solutions to your travel problems on your own.

Travel medical coverage is important, but so is emergency evacuation coverage. Without it, you could be on the hook for the bill if you have to be transported by a helicopter or plane to a hospital.

Having travel insurance can help you sleep better at night before and during your trip. If you want to truly enjoy your vacation, buying a policy can give you peace of mind that's truly priceless.

How to choose a travel insurance policy

So, how do you decide which travel insurance is best for you? With a seemingly endless number of companies to choose from, it's hard to decipher the policies and coverage amounts that come with each policy.

Before settling on the right trip insurance, consider the following factors:

Decide between comprehensive coverage and travel medical coverage

While comprehensive coverage is more pricey, it could come in handy if your trip is canceled or interrupted. Or, if your baggage is lost, stolen or damaged, your travel insurance can provide reimbursement. Those with expensive trips should consider purchasing comprehensive coverage, as you can get reimbursed for many nonrefundable travel expenses. Many budget-conscious travelers tend to opt for travel medical coverage instead, as you'll get the cheapest rates for essential medical coverage.

See if your trip cancellation or interruption policy covers COVID-19

Many travelers are opting to purchase additional insurance to cover trip cancellation or interruption resulting from COVID-19. If your policy excludes pandemics but you're worried about having to cancel your trip due to COVID-19, you’ll want to make sure you purchase a plan that allows you to "cancel for any reason."

Find out if pre-existing conditions are covered

If you have a chronic illness, you'll want to make sure that it's covered under your travel insurance. Mental health illnesses, neurological conditions and pregnancies aren't typically covered, so it's worth speaking directly to an insurance representative to discuss the best options for you.

Make sure excursions or other activities from your trip are covered

Suppose you’re partaking in a high-intensity sport like skiing or scuba diving, or something fun but risky like hot air ballooning. In that case, you'll want to make sure that your travel insurance will cover accidents or injuries resulting from these kinds of activities. You’ll also want to ensure that your travel insurance offers appropriate evacuation methods from a given location — a helicopter, for example, if you're traveling to a mountainous region that's hard to access.

Ensure the claims process isn't too complicated

Some companies offer a simple app through which you can file claims after a trigger event, such as a flight delay or cancellation, or have 24-hour service. If this isn't the case, you may have a significantly more difficult time getting your claim processed or assisting in resolving issues in a timely fashion.

Make sure the policy is enough to cover your expenses

The cost of a delay or cancellation can be exceptionally high depending on your itinerary and the available transportation method. If you're traveling with expensive equipment (such as high-end cameras), you'll also want to make sure your travel insurance will adequately cover losses of your personal belongings.

See if the refund policy is flexible

This is particularly important if you have concerns about making your trip on the intended date or if there's political unrest in a location you're traveling to.

How to get travel insurance through a travel rewards credit card

Before purchasing a policy, be sure to consider a travel rewards credit card with travel insurance benefits. By simply holding a credit card — as an example, the Chase Sapphire Preferred® Card, which comes with a reasonable $95 annual fee — and using it to book your travels, you’ll automatically have the following insurance protections covering you during your travels:

  • Trip cancellation/trip interruption insurance
  • Rental car insurance
  • Baggage delay insurance
  • Trip delay reimbursement
  • Roadside dispatch
  • Lost luggage reimbursement
  • Travel and emergency assistance
  • Travel accident insurance

Each of these policies covers different situations that can arise during your travels. Still, keep in mind that these coverages may not cover every problem you may face, and coverage limits may be insufficient for your needs. For example, travel insurance offered through credit cards rarely includes enough protection for emergency medical or dental expenses that occur, if any at all.

If you need basic coverage and don’t anticipate doing any extreme sports or have any pre-existing medical issues that may interfere with your travels, travel insurance from a credit card could serve you well. And to add to the convenience, you won’t need to call the credit card issuer to activate the policy. By paying the annual fee, the travel insurance policy is active, as long as you put your travel expenses on the card.

There are several travel rewards cards with travel insurance policies. Here are a few of our favorites:

Card
Welcome offer
Spending categories
Annual fee
Travel protections
Chase Sapphire Preferred® Card
On Chase's Secure Website
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases$95
  • Primary rental car insurance
  • Luggage protection
  • Trip cancellation/interruption
  • Trip delay
Chase Sapphire Reserve®
On Chase's Secure Website
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®5x points on flights and 10x points on hotels and car rentals through Chase Ultimate Rewards®$550
  • Primary rental car insurance
  • Luggage protection
  • Trip cancellation/interruption
  • Trip delay
  • Emergency medical
  • Emergency evacuation
The Platinum Card® from American Express
See Rates & Fees. Terms Apply. On American Express' Secure Website
Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel on up to $500,000 on these purchases per calendar year and 5X Membership Rewards® points on prepaid hotels booked with American Express Travel. Terms apply.$695
  • Secondary rental car insurance
  • Luggage protection
  • Trip cancellation/interruption
  • Trip delay
  • Emergency medical
  • Emergency evacuation
Chase Ink Business Preferred® Credit Card
On Chase's Secure Website
Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening.Earn 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year. Earn 1 point per $1 on all other purchases—with no limit to the amount you can earn.$95
  • Primary rental car insurance
  • Luggage protection
  • Trip cancellation/interruption
  • Trip delay


Features covered by travel insurance

As you start shopping around for a travel insurance plan, you'll notice that some plans offer more types of coverage than others. With that in mind, you should compare travel insurance providers and the individual coverage options they offer to make sure you get the coverages that make sense for your trip.

That said, the main features covered by travel insurance include the following:

  • Trip cancellation and interruption coverage, which can kick in to reimburse you for prepaid travel expenses when a trip is canceled or interrupted for a covered reason
  • Baggage delay insurance that pays for incidental expenses that occur when your bags are delayed
  • Lost luggage coverage that can replace your luggage and your belongings if your bags are lost by a common carrier
  • Rental car insurance, which can provide primary coverage when you rent an eligible rental car
  • Emergency medical coverage that can pay for medical or dental expenses that occur during your trip
  • Emergency evacuation coverage that can pay for emergency transportation costs when you're sick or injured during your trip

Some travel insurance plans offer additional coverages and optional coverages as well, including "cancel for any reason" travel insurance. This type of coverage makes it possible for you to cancel your trip for any reason — even if you just change your mind. Cancel for any reason coverage adds more cost to a travel insurance plan, but it will reimburse you for a percentage of your prepaid travel expenses if you decide not to go.

Features not covered by travel insurance

Also be aware that some situations and events are typically not covered by travel insurance. Once again, you'll need to read over the policy details of your plan to find out about specific exclusions you should know about.

According to Allianz, common instances and events not covered by travel insurance include:

  • Acts of war
  • Civil disorder or unrest
  • Claims resulting from participation in a sporting competition
  • Participating in extreme, high-risk sports
  • Claims resulting from learning how to fly an aircraft
  • Claims resulting from nuclear or radiation
  • Natural disasters
  • Air and water pollution
  • Claims resulting from terrorist events
  • Travel bulletins or alerts
  • Government actions that result in claims
  • Epidemics, unless specific coverage is mentioned within the policy details

28% of consumers have gotten sick or hurt while on vacation

Of recently surveyed consumers who were sick or hurt on vacation, 41% sought care for illness or injury at their vacation locale.

15% of the individuals who sought care noted that the travel insurance purchased for their trip covered their expenses.

Travel insurance may save you a chunk of change if treating any of the leading ailments reported below.

This is a graph about vacation illnesses or injuries

Methodology

When it comes to travel insurance, it's not always about finding the cheapest policies. After all, there's no use in purchasing additional travel insurance when it doesn't adequately cover your needs.

To retrieve the quotes listed above, we used a $5,000 week-long trip to France for a 30-year-old male.

Based on multiple factors, we handpicked the top nine travel insurance companies. However, not every traveler needs to have "cancel for any reason" insurance — which tends to be costly. Some travelers are looking for the bare minimum, so they would need to find medical travel coverage instead.

Therefore, our top insurance companies met the following general criteria:

  • Does the travel insurance provider offer extensive benefits and coverages?
  • Is the travel insurance reasonably priced (under $40 per day)?
  • Does the company make it easy to get a quote online for the purpose of comparison shopping?
  • Does the travel insurance company offer a simple yet efficient claims process?

While the best travel insurance policy for the consumer will depend on many more factors, the nine travel insurance companies that made our ranking offer excellent protections for a reasonable price tag.

For rates and fees of The Platinum Card® from American Express, please click here

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).