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How Much Is Travel Insurance in 2024?

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Table of Contents

Average cost of travel insurance by trip cost

Factors that affect travel insurance cost, more example costs of travel insurance, types of travel insurance, how to buy travel insurance, credit cards with travel insurance, cost of travel insurance recapped.

According to NerdWallet analysis, the short answer to “How much does travel insurance cost?” is that it’s typically 7% of your overall trip cost. For example, travel insurance will cost you an additional $70 (roughly) for a $1,000 trip.

However, depending on your provider, travel insurance costs can range from 4%-16% of your trip cost. That means for that $1,000 trip, you might find coverage for as little as $40 or up $160 on the high end.

Costs vary across providers, level of coverage and factors like your age and destination. Let’s take a look at the different types of travel insurance, what influences its cost and the average cost of travel insurance.

The Nerds dove deep into over 50 real world coverage price points to get a clearer sense of typical travel insurance costs in 2024.

On average, travelers should expect to pay 6.87% of their total trip cost for travel insurance. The minimum you might expect to pay is 4.15%, but it can go as high as 15.8%.

How did we determine these ballpark travel insurance prices?

We broke it down by looking at four individual providers' cheapest basic plan and most expensive basic plan for two traveler age demographics: a 30 year old and a 60 year old.

The Texas-based travelers are taking a 10 day trip to Florida in the summer. Included providers in our analysis were:

Allianz Global Assistance .

Travel Guard by AIG .

USI Affinity Travel Insurance Services .

Travel Insured International .

World Nomads .

Berkshire Hathaway Travel Protection .

Travelex Insurance Services .

Seven Corners .

AXA Assistance USA .

TravelSafe .

HTH Insurance .

According to the U.S. Travel Insurance Association, a national association of insurance carriers, the amount you can expect to pay for travel insurance will vary between 4% to 8% of your overall trip. This falls in the general range of our analysis, too.

If your vacation was $5,000, you’d be looking at somewhere between $200 and $400 for insurance. NerdWallet findings corroborate this range, with the average travel insurance cost for a trip at this price point being about $350.

Of course, as we describe below, the type of coverage you choose can greatly affect the cost of your insurance.

» Learn more: What does travel insurance cover?

So, how much is travel insurance? Several factors will influence the cost, like:

Type and extent of coverage.

The length of your trip.

Your destination.

The age of the policyholder.

Total trip cost.

Let’s say that you chose to purchase an insurance policy to cover any health care expenses you incur while traveling. This will reimburse you in the event you need to see a doctor, require hospitalization or have a variety of needs related to health care.

However, let’s say that you also chose to insure some of your trip costs; this means that, if need be, the policy will reimburse you for nonrefundable trip costs in case of a covered event. This will drive up the price of your policy overall.

Another factor that will affect the cost of your travel insurance is the coverage limits of your policy. These limits dictate how much you’ll be reimbursed in the event you need to use your insurance; the higher the amount, the more expensive your insurance.

» Learn more: The best travel insurance companies

Here are some sample costs of travel insurance for a seven-day trip in the United States for two travelers ages 34 and 36. Full trip costs are estimated to be $2,000, and trip bookings have yet to be paid in full.

Policies include trip interruption coverage, travel delay coverage (up to $500) and emergency medical coverage.

In addition to the cost of travel insurance, we also need to talk about the different types of travel insurance. This is because the price you’ll pay will depend on the insurance you choose. Some policies — like those that allow you to cancel for any reason — can be more expensive than other, more limited, policies.

Common types of travel insurance include:

Lost luggage insurance .

Trip interruption insurance .

Trip cancellation insurance .

Rental car insurance .

Cancel For Any Reason insurance .

Health insurance .

Accidental death insurance .

Emergency evacuation insurance .

Different types of insurance will cover various things. Trip cancellation insurance, for example, will allow you to recoup a portion of nonrefundable costs when you’re forced to cancel your trip for a covered reason.

It’s simple to purchase travel insurance; you’ve probably seen dozens of ads for insurance whenever booking a flight or rental car.

However, it’s a better idea to get multiple quotes for policies. Insurance policy aggregators, such as Squaremouth, allow you to search a variety of different providers at once. You can then compare the coverage and price of each policy before choosing one that suits your needs.

» Learn more: What to know before buying travel insurance

If you’re looking into purchasing travel insurance, you may want to check which credit card you’re using to book your trip. Many of today’s popular travel credit cards offer complimentary travel insurance.

Cards such as the Chase Sapphire Preferred® Card offer primary rental car insurance; this means that the card will pay for any covered damage so that it doesn’t pass on to your personal insurance policy.

The types of insurance and total coverage vary according to the card, so you’ll want to check your individual policies.

Common coverage includes trip delay insurance, lost luggage insurance, rental car insurance and emergency medical insurance.

Popular cards that provide these types of coverage include:

Chase Sapphire Preferred® Card .

Chase Sapphire Reserve® .

Capital One Venture X Rewards Credit Card . (Benefits may change over time.)

The Platinum Card® from American Express . Terms apply.

United℠ Explorer Card .

In order to qualify for coverage, you’ll want to use your card to pay for any trip costs, including your airfare, lodging and rental cars.

The amount you’ll be reimbursed varies widely depending on which card you hold. For instance, the Chase Sapphire Preferred® Card provides coverage for up to $10,000 per person and $20,000 per trip for prepaid, nonrefundable travel expenses for covered trip cancellations.

Chase Sapphire Preferred® Card

These include airfare, accommodations and even tours.

The United℠ Explorer Card , meanwhile, offers far less coverage at just $1,500 per person and $6,000 per trip.

United℠ Explorer Card

$0 intro for the first year, then $95

Of course, your trip will need to fall under covered circumstances, including sickness and severe weather.

» Learn more: Does my Chase credit card have travel insurance?

It can make sense to purchase travel insurance, especially if you’re unsure about your vacation or worried about incurring expenses you can’t afford. Before buying a policy, you’ll first want to decide what type of insurance you’re looking to buy; some types of coverage cost much more than others.

You’ll also want to check to see if your credit card already provides complimentary travel insurance. Many popular travel cards offer this feature, though the limits may be lower than you might prefer.

Finally, do your homework before buying a policy. Gather quotes from multiple companies before making a decision, and remember the average price of trip insurance ranges from 4% to 8% of your total vacation costs.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

on Chase's website

1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

75,000 Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,125 toward travel when you redeem through Chase Travel℠.

1x-5x 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.

75,000 Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.

1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.

50,000 Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.

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When you click "Continue" you will be taken to a site owned by , not GEICO. GEICO has no control over their privacy practices and assumes no responsibility in connection with your use of their website. Any information that you provide directly to them is subject to the privacy policy posted on their website.

Travel Insurance

Get a travel insurance quote and protect your next trip

For flight insurance protection:

Aircare Flight Quote

For all-in-one trip insurance protection:

ExactCare Travel Quote

Manage Your Travel And Flight Insurance

Manage your policy online

Need a travel insurance quote?

Existing policyholder?

Take the worry out of your travels with affordable flight or trip insurance.

Looking to plan the vacation of a lifetime or flying home for the holidays? Trip insurance and flight insurance can provide the peace of mind you need for your next journey. The GEICO Insurance Agency, with Berkshire Hathaway Travel Protection (BHTP), offers comprehensive travel insurance coverage, with prompt service and global assistance. Get an online travel insurance quote today and confidently protect your next adventure.

AirCare Flight Insurance

If you only need to protect your travel costs for a flight, AirCare may be what you need. With affordable coverage for both domestic and international flights, AirCare flight insurance helps you plan with peace of mind.

ExactCare Travel Insurance

If you want to cover your flight and other trip arrangement's ExtraCare can help. An ExactCare Travel Insurance policy can help with the unexpected like:

• Trip Cancellations/Interruptions/Delays
• Lost/Stolen travel documents
• Unexpected medical expenses

What's the difference between flight insurance and travel insurance?

The main difference is that a flight insurance policy only covers your airfare. On the other hand, a travel insurance policy helps protect your flight as well as other parts of your trip. While you're planning your next trip, think about where you're going and what you'll be doing. Once you have that, it'll be easier to choose which policy works best for your trip.

What does a flight insurance policy cover?

AirCare Flight Insurance has a variety of benefits including emergency travel assistance, 24/7/365. Some common flight coverages are:

• Airfare incase flights are cancelled or you miss a connection
• Personal items like lost or delayed luggage
• Flight delays in your departure (at the gate or on the tarmac)

AirCare Quote

What does a travel insurance policy cover?

ExactCare Travel Insurance provides all-in-one travel protection, with family friendly pricing and worldwide emergency travel assistance 24/7/365. Common things covered by travel insurance are:

• Trip cancellation or interruption
• Personal items like passports and luggage
• Medical costs like hospital and doctor expenses, medical evacuations, and more

ExactCare quote

What is not covered by travel insurance?

Your coverage is based on the plan you choose. However, in general some things that aren't normally covered by travel insurance are:

• Action and team sports, for example auto racing, pro sports travel, or other extreme sport activities
• Travel to get medical care
• Trip Cancellation because you changed your mind

For more information, please check your policy.

Is travel or trip insurance worth the cost?

Travel insurance can help protect your vacation or trips from unexpected things happening. You can travel without trip insurance but doing so brings greater risk if something goes wrong or you encounter unexpected delays. Flight insurance or trip insurance coverage can include things like flight cancellation, lost luggage, trip cancellation, emergency medical transportation, and more. Learn more about travel insurance and why you should get a travel insurance quote today!

How much does travel insurance cost?

Travel insurance typically costs 5 to 10 percent of your total trip cost, though that can be influenced by several things.

• The cost of the trip
• The length of your trip and destination
• The amount of coverage selected
• The number of travelers covered under the policy

Worldwide service and claims information.

It's easy to manage your travel insurance..

Berkshire Hathaway Travel Protection (BHTP) has made it easy to manage your travel insurance. You can:

• Visit Berkshire Hathaway Travel Protection's website
• Email [email protected]

Is travel insurance worth it?

Yes. Things happen that are out of your control. Whether it's your flight being cancelled or delayed to a family emergency. Life happens and that's how travel insurance can help. Plan for the unexpected with a travel insurance policy so you can rest easy knowing you're covered.

Travel Insurance: Get the answers you're looking for.

• What travel insurance plans are available? BHTB offers AirCare (flight only) and 3 main plans: ExactCare Value, ExactCare, and ExactCare Extra. ExactCare Value provides great traveling insurance coverage for budget minded travelers. You can rest easy knowing you're covered for things like trip cancellation, trip interruption, and medical expenses. The main difference is the maximum amount that will be covered. ExactCare and ExactCare Extra's insurance cover the same things as ExactCare Value and add coverage for missed connections and accidental death & dismemberment. The overall amount covered is also increased for each plan respectively.
• Can I get trip insurance for an extended overseas stay? Yes. We can help you with getting insurance for overseas. Please visit our overseas insurance page for information about all the options we have for you!
• Is there travel insurance that can cover my vehicle while traveling to Mexico? Your US auto insurance policy won't cover your vehicle when you drive into Mexico. We're here to help you find the Mexico car insurance you need to insure your car.
• Tips for saving money on your next vacation. No one wants to overpay things. We're here to help. Check out our 5 ways to save your money on your next family vacation.
• Where you're going
• Number of days you're traveling
• Cost of your overall trip
• Coverage you pick
• Number of people covered under your policy

If you choose to get a rate quote or service your policy online, you will be taken to the Berkshire Hathaway Travel Protection website which is owned by Berkshire Hathaway Specialty Insurance Company, not GEICO. Any information that you provide directly to Berkshire Hathaway Specialty Insurance Company on its website is subject to the privacy policy posted on their website, which you should read before proceeding. GEICO assumes no responsibility for their privacy practices or your use of their website.

ExactCare is provided through Berkshire Hathaway Global Insurance Services, LLC. ExactCare and AirCare are underwritten by Berkshire Hathaway Specialty Insurance Company. Both coverages are secured through the GEICO Insurance Agency, LLC.

Benefits may vary by jurisdiction. Please contact a representative to confirm availability.

Please note:

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.

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Are you a resident of or looking for insurance in the State of Colorado?

We are temporarily unable to provide services in Spanish for Colorado residents. You will now be directed to an English experience.

Estamos encantados de ofrecer nuestra nueva version del sitio web en Español. Apreciamos su paciencia mientras seguimos mejorando su experiencia.

• Destinations
• United States

United States Travel Insurance Requirements

Last updated: 03/07/2024

Do You Need Travel Insurance in the United States?

Traveling within the United States as a U.S. citizen or U.S. resident does not require travel insurance. With that said, the United States remains the destination for travel insurance among Squaremouth customers.

The main reason why so many travelers purchase travel insurance for domestic trips is to protect against the unexpected. The best travel insurance plans will provide reimbursement if you encounter delays, cancellations, medical emergencies, or luggage issues throughout your USA trip.

There are currently no travel insurance requirements for non-U.S. citizens visiting America. However, a tourist visa may be required depending on the country of origin.

How Much Does United States Travel Insurance Cost?

The cost of a trip insurance policy is determined by five key factors; the cost of your trip, your trip’s length, the age of the travelers on your policy, the type of policy you choose, and the amount of coverage the policy offers.

The cost of domestic travel insurance coverage is often cheaper than international plans.

On average, domestic travelers can expect to pay between $200-$250 for a single trip travel insurance policy.

The Best Travel Insurance Benefits for United States Travel

Whether you’re planning on exploring the concrete jungle of New York City or cruising the Pacific Coast Highway in California, trip protection can offer you peace of mind before and during your American adventure.

If you have an upcoming trip planned, we recommend comparing comprehensive travel insurance options that include the following benefits:

• Trip Cancellation : Reimburses up to 100% of your prepaid, non-refundable trip costs in the event you are forced to cancel for a covered reason.
• Trip Interruption : Reimburses up to 150% of your unused prepaid, non-refundable trip costs if you need to end your trip early and return home for a covered reason.
• Emergency Medical : Covers the cost of unforeseen medical expenses, such as hospital bills, x-rays, ambulance rides, and emergency dental services.
• Medical Evacuation & Repatriation : Covers the cost of emergency medical evacuations in the event a treating physician deems it necessary for more adequate treatment.
• Travel Delay : Can reimburse the cost of food, accommodations, and transportation if a flight is significantly delayed.
• Baggage & Personal Item Loss : Provides reimbursement for luggage and personal items that go missing, get damaged, or are stolen at any point during your trip.
• Baggage Delay : Provides reimbursement if you need to purchase toiletries, clothes, and other necessities if your luggage is delayed during transit.
• Sports & Activities : Extends valuable travel health insurance benefits to travelers participating in extreme or inherently dangerous activities during their trip.
• 24 Hour Assistance Service : Most travel insurance providers offer 24/7 support to policyholders before, during, and after their trip in the event they have questions about their coverage.

Click here to get a quote for domestic travel insurance.

Understanding U.S. Travel Health Insurance Plans

Since most primary healthcare plans aren’t accepted overseas, travel medical benefits are extremely popular among international travelers. However, having travel health insurance for a domestic trip be equally as beneficial.

If you currently don’t have health insurance, travel medical coverage can cover the cost any unforeseen medical emergencies that occur while traveling.

A travel medical insurance plan can also be a smart option for travelers with limited health insurance or a plan with high deductibles. In this case, we recommend a policy with “primary” Emergency Medical coverage, as it pays out medical bills first.

Given the potential for high costs of healthcare in America, we recommend at least $50,000 in Emergency Medical coverage and at least $100,000 in Medical Evacuation coverage.

Travel Tips for U.S. Vacations

Regardless of where you’re heading or how you’re getting there, it’s important to be prepared for whatever comes your way. Below are some general travel tips to consider when traveling within the USA .

Allow Time for the Unexpected

Even for frequent flyers, it’s hard to predict how early you should arrive at the airport the day of your departure. Checking road closures before you set off is advised.

TSA recommends allowing more than enough time for parking/shuttle transportation, checking a bag, going through security, and navigating to your gate. You can download the MyTSA app to check how busy your airport is expected to be on your day of travel.

Stay Organized

Travel plans are often made over extended periods of time. Keeping important documentation saved and easily accessible can reduce headaches down the road.

• Below are a few examples of documents you should hold on to throughout your trip:
• Booking confirmations
• Any communication with an airline or travel supplier
• Important contact information, such as your travel insurance company’s support line
• Receipts, especially those that may be used in a claim
• Physician notes and other documentation relating to medical care received before or during a trip

Do Your Research

Spend time researching your destination prior to your arrival. This can help you pinpoint the best restaurants, safest areas, and which parts of town to avoid.

The climate and weather conditions can also vary dramatically from one state to the next. Check online for any severe weather alerts so that you can alter your itinerary accordingly.

United States Travel FAQs

What are some “must visit” cities in the united states.

From coast to coast and beyond, the United States is home to some of the world’s most iconic cities. Below, in no particular order, is a list of some of the most popular destinations for travelers within the U.S.:

• New York City, NY
• Honolulu, HI
• San Diego, CA
• Washington, D.C.
• Chicago, IL
• Seattle, WA
• Charleston, S.C.

What is the Best National Park in the United States?

Condé Nast Traveler recently released a list of The 25 Best National Parks in the US. Below are there findings for the top 10:

• Yellowstone National Park
• Denali National Park and Preserve
• Great Sand Dunes National Park
• North Cascades National Park
• Yosemite National Park
• Zion National Park
• Grand Teton National Park
• Canyonlands National Park
• Crater Lake National Park
• Acadia National Park

What is the Best Way to Travel Around America?

There are three primary options when it comes to traveling across the United States:

Flying: A common way to travel the U.S. is to book a flight. It is the fastest way to travel from point A to point B, but delays and cancellations are possible.

Driving: Offers the most flexibility and is the most cost-effective method of transportation. However, if time is constrained, there’s a limit to how much you can see and do.

Amtrak: The Amtrak is a train service that connects through major cities across the country. It can be a great way to see multiple cities, but can be expensive and has limited options.

United States Articles and Press Releases

• Spending Trends: Cost of Travel Decreases Despite Historical Inflation Rates
• U.S. Tourist Destinations Indicate Return to Normalcy This Spring Break

Helpful Resources

• CDC Travel Advisory

Available Topic Experts for Media:

Squaremouth's destination information is free and available for use within your reporting. Please credit Squaremouth.com for any information used.

Squaremouth's topic experts are on hand to answer your questions. Contact a member of our team for media inquiries about Squaremouth Analytics or to schedule an interview.

Steven Benna, Lead Data Analyst: [email protected]

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8 Cheapest Travel Insurance Companies Worth the Cost

Trawick International »

World Nomads Travel Insurance »

AXA Assistance USA »

Generali Global Assistance »

Seven Corners »

Allianz Travel Insurance »

IMG Travel Insurance »

WorldTrips »

Why Trust Us

U.S. News evaluates ratings, data and scores of more than 50 travel insurance companies from comparison websites like TravelInsurance.com, Squaremouth and InsureMyTrip, plus renowned credit rating agency AM Best, in addition to reviews and recommendations from top travel industry sources and consumers to determine the Cheapest Travel Insurance Companies.

Table of Contents

• Trawick International
• World Nomads Travel Insurance
• AXA Assistance USA

There are plenty of smart ways to save money on your travel plans, but refusing to buy travel insurance isn't necessarily one of them. Not having travel insurance can mean being on the hook for exorbitant medical bills or costs for emergency transportation if you become sick or injured during your trip. You could also face significant financial losses if your trip is delayed or your bags are lost or stolen, and without travel insurance you won't have a third party to rely on for assistance.

Buying affordable travel insurance makes more sense than skipping this coverage altogether, so read on to find out which companies offer the cheapest plans and all the protections you can get for a low cost.

How We Chose the Cheapest Travel Insurance Companies

To determine the cheapest travel insurance companies, U.S. News created sample traveler profiles for three separate eight-day trips to different destinations (the Cayman Islands, Spain and California) at a range of price points ($6,500, $10,500 and $8,500, respectively). We used that information to get quotes for the cheapest option for 100% trip cancellation coverage for each trip. We then calculated the average cost of the trips.

The travel insurance companies that made our ranking have a high credit rating and offer the lowest average cost, outlined below. (Note: The sample average costs are not price quotes from U.S. News. To find a travel insurance price quote, use the "View plans" link to enter your trip details and find more information.)

• Generali Global Assistance
• Seven Corners
• Allianz Travel Insurance
• IMG Travel Insurance
• Trip cancellation coverage (up to $30,000) for 100% of the insured vacation
• Trip interruption coverage (up to $30,000) for 100% of the insured vacation
• Trip delay coverage worth up to $1,000 ($150 per day for delays of 12 hours or more)
• $750 in coverage for lost and damaged luggage; $200 for baggage delays
• Up to $500 in coverage for missed connections of three hours or more
• Up to $50,000 in emergency medical coverage ($750 sublimit for emergency dental)
• Up to $200,000 in coverage for emergency medical evacuation
• Up to $2,500 of trip protection for cancellation or interruption
• Up to $1,000 in coverage of lost, stolen or damaged baggage; up to $750 for baggage delays on your outward journey
• Up to $100,000 in emergency medical insurance; $750 dental sublimit
• Up to $300,000 in coverage for emergency medical evacuation
• 24-hour travel assistance services
• Up to 100% coverage for trip cancellation and interruption
• Up to $500 in coverage for trip delays ($100 per day)
• Up to $500 in coverage for missed connections
• Up to $25,000 in coverage for emergency medical expenses
• Up to $100,000 in coverage for emergency medical evacuation
• Up to $750 in coverage for baggage and personal effects; $200 for baggage delays
• Up to $10,000 in coverage for accidental death and dismemberment (AD&D)
• Up to $25,000 in coverage for common carrier AD&D
• Coverage up to 100% of the insured vacation for trip cancellation
• Up to 125% of the insured vacation cost for trip interruption
• Travel delay coverage worth up to $1,000 per person ($150 per person daily limit)
• Up to $1,000 per person for lost, damaged or stolen bags; $200 per person for baggage delays
• Up to $500 per person for missed connections
• Up to $50,000 in emergency medical and dental coverage
• Up to $250,000 in coverage for emergency assistance and transportation
• AD&D coverage for air travel worth up to $50,000 per person ($100,000 per plan)
• Trip cancellation coverage up to $30,000
• Trip interruption coverage up to 100% of the cost of the trip
• Trip delay coverage worth up to $600 (for six-hour delays; $200 limit per person per day)
• Lost, stolen or damaged baggage coverage up to $500
• Baggage delay coverage worth up to $500 (for six-hour delays; $100 per day)
• Missed cruise or tour coverage worth up to $500 ($250 per day)
• Emergency accident and sickness medical coverage worth up to $100,000 (secondary coverage)
• Up to $750 in emergency dental coverage
• Up to $250,000 in protection for emergency medical evacuation and repatriation of remains
• Trip cancellation coverage worth up to $10,000 per traveler
• Trip interruption coverage worth up to $10,000 per traveler
• Travel delay coverage worth up to $300 ($150 per day)
• Luggage loss and damage protection up to $500 per traveler
• Baggage delay coverage worth up to $200 per day
• Emergency medical and dental coverage up to $10,000 ($500 for dental expenses)
• Emergency medical transportation coverage worth up to $50,000
• 24-hour hotline assistance
• Up to 100% in coverage for trip cancellation
• Trip interruption benefit worth up to 125% of the trip cost
• Up to $500 for travel delays per person ($125 daily maximum per person)
• Up to $750 for lost, damaged or stolen bags ($250 maximum per item)
• Up to $150 in luggage delay coverage
• Up to $100,000 in emergency medical coverage
• Up to $500,000 in coverage for emergency medical evacuation and repatriation of remains
• Trip cancellation coverage worth up to 100% of trip cost (up to $10,000)
• Trip interruption coverage up to 100% of trip cost
• Up to $500 in coverage for travel delays (five-hour delay required; $100 daily limit)
• Coverage worth up to $1,000 for lost, damaged or stolen baggage ($250 per item)
• Coverage worth up to $200 for baggage delays of 12 hours or more
• Up to $250 in coverage for airline reissue or cancellation fees
• Up to $250 in coverage for reinstatement of frequent traveler awards
• Emergency medical and illness coverage worth up to $10,000
• Up to $500 in coverage for emergency dental expenses
• Up to $250,000 in coverage for emergency medical evacuation and repatriation of remains
• AD&D coverage worth up to $10,000
• Travel assistance services

Why Trust U.S. News Travel

Holly Johnson is an award-winning content creator who has been writing about travel insurance and travel for more than a decade. She has researched travel insurance options for her own vacations and family trips to more than 50 countries around the world and has experience navigating the claims and reimbursement process. In fact, she has successfully filed several travel insurance claims for trip delays and trip cancellations over the years. Johnson also works alongside her husband, Greg, who has been licensed to sell travel insurance in 50 states, in their family media business.

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The 5 Best International Travel Insurance Companies for 2024

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6 best travel insurance companies of June 2024

Travel insurance can protect you against a range of unforeseen events, from lost bags to medical emergencies..

Whether you're taking a family vacation to Disney World or a romantic cruise through the Mediterranean, travel insurance could help protect your trip from the unexpected. From trip cancellations and flight delays to medical emergencies, travel insurance could protect you financially and give you peace of mind.

There are several different types of travel insurance plans to choose from when shopping for a policy. Here are a few of the common coverage types:

• Trip cancellation coverage : Helps recoup travel expenses if you can't travel, though generally limited to specific reasons.  
• Travel delay coverage: Helps cover expenses if your travel is delayed due to a covered reason. 
• Trip interruption coverage: Helps if you need to cut your trip short. Covered reasons may include an injury or illness on the trip, or a family emergency at home. 
• Medical expenses and emergency evacuation coverage: This covers unforeseen medical expenses when traveling outside the U.S. where your health insurance may not work. Emergency evacuation could help get you home if medically needed while overseas. 
• Baggage loss: Covers baggage lost, damaged or stolen during your trip.

You'll also want to consider the prospective insurer's epidemic-related coverage. Each insurance company covers epidemic-related issues, such as Covid-19, differently, so check the fine print on a policy you're considering.  

CNBC Select analyzed dozens of different U.S. travel insurance products and narrowed down the top six for all sorts of travelers. (Read more about our methodology below.)

Best travel insurance companies

• Best for lost baggage and personal belongings: AXA Assistance USA travel insurance  
• Best for customization: Travel Guard travel insurance
• Best for cancellation coverage: Allianz travel insurance
• Best for travel medical plans: USI Affinity travel insurance
• Best for cruise insurance: Nationwide travel insurance
• Best for luxury travel: Berkshire Hathaway Travel Protection

Best for lost baggage and personal belongings 

Axa assistance usa travel insurance.

The best way to estimate your costs is to request a quote

Policy highlights

AXA Assistance USA offers several travel insurance policies that include travel interruption, trip cancellation, and the option of cancel for any reason (CFAR) coverage.

24/7 assistance available

• Three tiers of plans available
• Highly rated for financial strength
• Cancel for any reason only available on highest-tier coverage

AXA Assistance USA ’s travel insurance offers three different plans for travelers to choose from, with the most basic plans including trip interruption and cancellation and baggage and personal effects coverage. The platinum plan offers coverage for lost ski days and golf rounds, ideal for trips centering around those activities. 

Best for customization

Travel guard® travel insurance.

Travel Guard offers a variety of plans to suit travel ranging from road trips to long cruises. For air travelers, Travel Guard can help assist with tracking baggage or covering lost or delayed baggage.

• A variety of plans are available to help cover different types of trips
• Not all products are available for purchase online

For those wanting to cover an upcoming trip, Travel Guard is a strong option because of its variety of coverage types. With three base packages available online and more options available through a representative, there are a variety of ways to customize your policy. The deluxe, preferred and essential plans include coverage for one related child age 17 or younger.

Best for trip cancellation coverage

Allianz travel insurance.

10 travel insurance plans make it possible to customize your coverage. For families, Allianz's OneTrip Prime package covers children age 17 and younger when traveling with a parent or grandparent.

• Trip cancellation benefits can reimburse your prepaid, nonrefundable trip payments if you have to cancel your trip for one of the covered reasons stated in your plan documents. 
• Limited coverage for risky sports

Travelers who want the ability to cancel their trips will find 10 different travel insurance policies through Allianz . You can either purchase coverage for a specific trip or purchase an annual plan that covers an entire year's worth of trips. Instead of basic cancel for any reason coverage, Allianz offers a Cancel Anytime policy that can reimburse up to 80% of prepaid, non-refundable trip costs, while many other companies we reviewed cap "cancel for any reason" (CFAR) coverage at 75%. 

Best for travel medical plans

Usi affinity travel insurance.

USI Affinity has travel medical policies in addition to trip cancellation policies. Travel medical plans include an option for frequent travelers to cover multiple trips. Trip cancellation options include coverage for road trips and group travel.

• Wide variety of plans for both trip cancellation coverage and travel medical insurance
• CFAR only covers up to 70% of non-refundable trip costs

People who are traveling out of the country can find medical plans from USI Affinity to cover them during their travels. Frequent travelers can get an annual medical plan that covers them on multiple trips of 30 days or less. This company also has trip cancellation insurance policies in addition to global travel medical plans. 

Best for cruise insurance

Nationwide travel insurance.

Nationwide's wide coverage for travel insurance allows many different types of travelers to find coverage that fits their needs. Three levels of cruise insurance coverage gives extra options to cruise passengers.

• 10-day review period on cruise insurance policies to make sure the plan meets your needs (not available in NY or WA)
• Most basic cruise plan doesn't offer CFAR coverage

Those planning a cruise in the future might find cruise-specific travel insurance helpful. Nationwide offers cruise-specific insurance that can cover things like emergency accidents, sicknesses, itinerary changes and trip interruptions to start. Nationwide offers three tiers of cruise insurance (universal, choice and luxury) to get the right level of coverage for every type of trip. Nationwide offers a 10-day review period on its cruise policies (though unavailable in NY or WA), giving you extra time to look over the policy and ensure it’s a good fit. 

Best for luxury travel 

Berkshire hathaway travel protection.

Berkshire Hathaway Travel Protection has multiple plans to cover vacations from luxury travel to adventure travel. The brand's LuxuryCare offers the highest limits of travel insurance coverage offered by the company. Quotes and policies are available online.

• Wide variety of policies available
• Strong financial strength rating by AM Best
• Cancel for any reason only provides reimbursement for up to 50% of non-refundable trip payments

Since a luxury vacation is a large investment, insuring it could ensure that cost is covered if you have to cancel or have your trip interrupted. Berkshire Hathaway ’s LuxuryCare travel insurance has high limits of coverage for trip interruption coverage, medical expenses, and coverage for things like sporting equipment. Berkshire Hathaway also covers cruises and adventure travel with other separate plans. 

Travel insurance FAQs

How do i choose the best travel insurance .

The best travel insurance is one that will meet your needs, cover the type of travel you’re doing (and the experiences you’re planning) and will give you the peace of mind you need. 

Shopping around for travel insurance can help you make sure that you get the best deal possible. Since policies and coverage can vary by company, it could be helpful to get several quotes and compare the coverage limits and types available from several companies to find the best deal for your specific needs and trip. 

To simplify the shopping process, a travel insurance comparison site like InsureMyTrip or Squaremouth could help you understand how much you’ll spend and what types of insurance coverage are available for your trip. 

Is travel insurance worth it? 

Whether or not travel insurance is worth it could depend on the types of coverage you already have, including whether or not an existing travel credit card you hold could provide similar coverage, and whether that would cover your concerns. 

Some travel credit cards offer car rental insurance , baggage insurance, trip delay insurance, and trip cancellation and interruption insurance. In addition, others offer more coverage like travel accident insurance. 

The Chase Sapphire Reserve® , for example, offers travel accident insurance, emergency evacuation insurance, and coverage for baggage delays and lost luggage reimbursement. Several of CNBC Select’s top travel credit cards also offer some credit card travel insurance that could cover potential travel issues.

How much does travel insurance cost?

The average travel insurance costs between 4% and 10% of your prepaid, non-refundable trip costs, according to travel insurance marketplace InsureMyTrip . 

However, travel insurance costs vary based on the cost of the travel you’re insuring, as well as the age of the travelers and any extra coverage that’s added to the policy. 

Bottom line

Travel insurance can cover a range unexpected events on your trip, from lost baggage to emergency medical expenses. While costs vary based on age, type of coverage and trip costs, it can be useful if you need to cancel or cut your trip short.

Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox.  Sign up here .

Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every travel insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of travel insurance products . While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best travel insurance.

Our methodology 

To determine the best travel insurance companies, CNBC Select analyzed dozens of U.S. travel insurance companies that come with a wide variety of policies and offer coverage for many situations. 

When narrowing down the best travel insurance companies, we focused on the coverage available, including the number of plans available, 24/7 assistance availability and cancel for any reason (CFAR) coverage availability. We also considered financial strength ratings from AM Best and Better Business Bureau ratings for customer satisfaction. 

From there, we sorted our recommendations by the best overall and runner-up, best for cancellation coverage, best for travel medical plans, best for cruise insurance and best for luxury travel.

Note that the premiums and policy structures advertised for travel insurance companies are subject to fluctuate per the company’s policies.

Catch up on CNBC Select’s in-depth coverage of credit cards , banking and money . And follow us on TikTok , Facebook , Instagram and Twitter to stay up to date.

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June 1, 2020

Due to travel restrictions, plans are only available with travel dates on or after

Due to travel restrictions, plans are only available with effective start dates on or after

Ukraine; Belarus; Moldova; North Korea; Russia; Israel

This is a test environment. Please proceed to AllianzTravelInsurance.com and remove all bookmarks or references to this site.

Use this tool to calculate all purchases like ski-lift passes, show tickets, or even rental equipment.

Safer travel starts with travel protection

If you are a travel agent or were referred by one, enter the ACCAM number below.

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If your trip involves multiple destinations, please enter the destination where you’ll be spending the most time. It is not required to list all destinations on your policy.

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At Allianz, we continue to show our commitment to sports through our sponsorship with the International Olympic Committee and the International Paralympic Committee. Read More >>

Entry Requirements & COVID-19 Travel Resources 

Confused about entry requirements for your destination? Our  interactive map shows current travel rules and restrictions for each destination, including info on COVID-19 testing, necessary travel documents and quarantine periods.

Find out how our  Epidemic Coverage Endorsement can protect your next trip from certain losses related to COVID-19.

Why do I need travel insurance?

Because sometimes..., you have to cancel a trip last-minute..

Travel insurance can reimburse you for your prepaid, non-refundable trip costs — including vacation rentals, car rentals, hotels and flights — if you have to cancel for a covered reason.

Travel delays leave you stranded.

Travel insurance can reimburse you for eligible meals, accommodation and transportation expenses during a covered delay.

You get sick or hurt when you're far from home.

Travel insurance can reimburse you for care following a covered medical emergency while traveling. We can even arrange and pay for a medical evacuation if needed.

Fender-benders are unavoidable.

Renting a car means taking on a big financial risk; even a tiny scrape can cost you hundreds. Low-priced rental car insurance lets you drive worry-free.

You need help in a hurry.

Whether you're planning a week-long road trip or a weekend getaway, you never know what might happen. Travel insurance gives you access to our 24-Hour Assistance hotline for expert, personalized support in a crisis.

Why go with Allianz Travel Insurance?

As a world leader in travel protection, we help more than 70 million people answer the call of adventure with confidence every year.

We're Protecting You

From protection for trip cancellation to medical bills abroad, our benefits are designed to help you explore reassured.

We're There For You

We've got your back with award-winning 24/7 assistance and a worldwide network of prescreened hospitals to help you get the right care.

We're Built For You

From our Allyz ® TravelSmart app to proactive SmartBenefits, we innovate for the way you travel today - and tomorrow.

TRAVEL RESOURCES

How Travel Insurance Works

How the Cancel Anytime Upgrade Works

What Does Rental Car Insurance Cover?

Is It Too Late to Buy Travel Insurance?

The Comprehensive Guide to Annual Travel Insurance

The Top Travel Apps That You Need This Summer

Travel Insurance with Emergency Medical Benefits

Destination Guide: Croatia

Travel Insurance & COVID-19: The Epidemic Coverage Endorsement Explained

More Travel Resources »

LATEST COVERAGE ALERTS

The events listed below are considered "known and foreseeable" for travel insurance purposes on the date listed next to the event. Please consult your policy for more information.

More Coverage Alerts »

Terms, conditions, and exclusions apply. Please see your plan for full details. Benefits/Coverage may vary by state, and sublimits may apply.

Insurance benefits underwritten by BCS Insurance Company (OH, Administrative Office: 2 Mid America Plaza, Suite 200, Oakbrook Terrace, IL 60181), rated “A” (Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or 52.401 series, or Jefferson Insurance Company (NY, Administrative Office: 9950 Mayland Drive, Richmond, VA 23233), rated “A+” (Superior) by A.M. Best Co., under Jefferson Form No. 101-C series or 101-P series, depending on your state of residence and plan chosen. A+ (Superior) and A (Excellent) are the 2nd and 3rd highest, respectively, of A.M. Best's 13 Financial Strength Ratings. Plans only available to U.S. residents and may not be available in all jurisdictions. Allianz Global Assistance and Allianz Travel Insurance are marks of AGA Service Company dba Allianz Global Assistance or its affiliates. Allianz Travel Insurance products are distributed by Allianz Global Assistance, the licensed producer and administrator of these plans and an affiliate of Jefferson Insurance Company. The insured shall not receive any special benefit or advantage due to the affiliation between AGA Service Company and Jefferson Insurance Company. Plans include insurance benefits and assistance services. Any Non-Insurance Assistance services purchased are provided through AGA Service Company. Except as expressly provided under your plan, you are responsible for charges you incur from third parties. Contact AGA Service Company at  800-284-8300 or 9950 Mayland Drive, Richmond, VA 23233 or [email protected] .

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Blueprint is an independent, advertising-supported comparison service focused on helping readers make smarter decisions. We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Blueprint. Blueprint does not include all companies, products or offers that may be available to you within the market. A list of selected affiliate partners is available here .

Travel insurance

Cheapest travel insurance of May 2024

Mandy Sleight

Heidi Gollub

“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Updated 1:55 a.m. UTC May 21, 2024

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WorldTrips is the best cheap travel insurance company of 2024 based on our in-depth analysis of the cheapest travel insurance plans. Its Atlas Journey Preferred and Atlas Journey Premier plans offer affordable travel insurance with high limits for emergency medical and evacuation benefits bundled with good coverage for trip delays, travel inconvenience and missed connections.

Cheapest travel insurance of 2024

Why trust our travel insurance experts

Our team of travel insurance experts analyzes hundreds of insurance products and thousands of data points to help you find the best travel insurance for your next trip. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content . You can read more about our methodology below.

• 1,855 coverage details evaluated.
• 567 rates reviewed.
• 5 levels of fact-checking.

Best cheap travel insurance

Top-scoring plans

Average cost, medical limit per person, medical evacuation limit per person, why it’s the best.

WorldTrips tops our rating of the cheapest travel insurance with two plans:

• Atlas Journey Preferred is the cheaper travel insurance plan of the two, with $100,000 per person in emergency medical benefits as secondary coverage and an optional upgrade to primary coverage. It’s also our pick for the best travel insurance for cruises .
• Atlas Journey Premier costs a little more but gives you $150,000 in travel medical insurance with primary coverage . This is a good option if health insurance for international travel is a priority.

Pros and cons

• Atlas Journey Preferred is the cheapest of our 5-star travel insurance plans.
• Atlas Journey Premier offers $150,000 in primary medical coverage.
• Both plans have top-notch $1 million per person in medical evacuation coverage.
• Each plan offers travel inconvenience coverage of $750 per person.
• 12 optional upgrades, including destination wedding and rental car damage and theft.
• No non-medical evacuation coverage.

Cheap travel insurance for cruises

Travel insured.

Top-scoring plan

Travel Insured offers cheap travel insurance for cruises and its Worldwide Trip Protector plan gets 4 stars in our rating of the best cruise travel insurance .

• Worldwide Trip Protector offers $1 million in emergency evacuation coverage per person and a rare $150,000 in non-medical evacuation per person. It also has primary coverage for travel medical insurance benefits, which means you won’t have to file medical claims with your health insurance first.
• Cheap trip insurance for cruises.
• Offers a rare $150,000 for non-medical evacuation.
• $500 per person baggage delay benefit only requires a 3-hour delay.
• Optional rental car damage benefit up to $50,000.
• Missed connection benefit of $500 per person only available for cruises and tours.

Best cheap travel insurance for families

Travelex has the best cheap travel insurance for families because kids age 17 are covered by your policy for free when they’re traveling with you.

• Free coverage for children 17 and under on the same policy.
• $2,000 travel delay coverage per person ($250 per day) after 5 hours.
• Hurricane and weather coverage after a common carrier delay of any amount of time.
• Only $50,000 per person emergency medical coverage.
• Baggage delay coverage is only $200 and requires a 12-hour delay.

Best cheap travel insurance for seniors

Evacuation limit per person

Nationwide has the best cheap travel insurance for seniors — its Prime plan gets 4 stars in our best senior travel insurance rating. However, Nationwide’s Cruise Choice plan ranks higher in our best cheap travel insurance rating.

• Cruise Choice has a $500 per person benefit if a cruise itinerary change causes you to miss a prepaid excursion. It also has a missed connections benefit of $1,500 per person after only a 3-hour delay, for cruises or tours. But note that this coverage is secondary coverage to any compensation provided by a common carrier.
• Coverage for cruise itinerary changes, ship-based mechanical breakdowns and covered shipboard service disruptions.
• Non-medical evacuation benefit of $25,000 per person.
• Baggage loss benefits of $2,500 per person.
• Travel medical coverage is secondary.
• Trip cancellation benefit for losing your job requires three years of continuous employment.
• No “cancel for any reason” (CFAR) upgrade available.
• Missed connection coverage of $1,500 per person is only for tours and cruises, after a 3-hour delay.

Best cheap travel insurance for add-on options

AIG offers the best cheap travel insurance for add-on options because the Travel Guard Preferred plan allows you to customize your policy with a host of optional upgrades.

• Travel Guard Preferred upgrades include “cancel for any reason” (CFAR) coverage , rental vehicle damage coverage and bundles that offer additional benefits for adventure sports, travel inconvenience, quarantine, pets, security and weddings. There’s also a medical bundle that increases the travel medical benefit to $100,000 and emergency evacuation to $1 million.
• Bundle upgrades allow you to customize your affordable travel insurance policy.
• Emergency medical and evacuation limits can be doubled with optional upgrade.
• Base travel insurance policy has relatively low medical limits.
• $300 baggage delay benefit requires a 12-hour delay.
• Optional CFAR upgrade only reimburses up to 50% of trip cost.

Best cheap travel insurance for missed connections

TravelSafe has the best cheap travel insurance for missed connections because coverage is not limited to cruises and tours, as it is with many policies.

• Best-in-class $2,500 per person in missed connection coverage.
• $1 million per person in medical evacuation and $25,000 in non-medical evacuation coverage.
• Generous $2,500 per person baggage and personal items loss benefit.
• Most expensive of the best cheap travel insurance plans.
• No “interruption for any reason” coverage available.
• Weak baggage delay coverage of $250 per person after 12 hours.

Cheapest travel insurance comparison

Via TravelInsurance.com’s website

How much does the cheapest travel insurance cost?

The cheapest travel insurance in our rating is $334. This is for a WorldTrips Atlas Journey Preferred travel insurance plan, based on the average of seven quotes for travelers of various ages to international destinations with a range of trip values.  

Factors that determine travel insurance cost

There are several factors that determine the cost of travel insurance, including:

• Age and number of travelers being insured.
• Trip length.
• Total trip cost.
• The travel insurance plan you choose.
• The travel insurance company.
• Any add-ons, features or upgraded benefits you include in the travel insurance plan.

Expert tip: “In general, travelers can expect to pay anywhere from 4% to 10% of their total prepaid, non-refundable trip costs,” said Suzanne Morrow, CEO of InsureMyTrip.

Is buying the cheapest travel insurance a good idea?

Choosing cheaper travel insurance without paying attention to what a plan covers and excludes could leave you underinsured for your trip. Comparing travel insurance plans side-by-side can help ensure you get enough coverage to protect yourself financially in an emergency for the best price. 

For example, compare these two Travelex travel insurance plans:

• Travel Basic is cheaper but it only provides up to $15,000 for emergency medical expense coverage. You’ll also have to pay extra for coverage for children.
• Travel Select will cost you a bit more but it covers up to $50,000 in medical expenses and includes coverage for kids aged 17 and younger traveling with you. It also offers upgrades such additional medical coverage, “cancel for any reason” (CFAR) coverage and an adventure sports rider that may be a good fit for your trip.

Reasons to consider paying more for travel insurance 

Make sure you understand what you’re giving up if you buy the cheapest travel insurance. Here are a few reasons you may consider paying a little extra for better coverage. 

• Emergency medical. The best travel medical insurance offers primary coverage for emergency medical benefits. Travel insurance with primary coverage can cost more than secondary coverage but will save you from having to file a claim with your health insurance company before filing a travel insurance claim.
• Emergency evacuation. If you’re traveling to a remote location or planning a boat excursion on your trip, look at travel insurance with a high medical evacuation insurance limit. If you are injured while traveling, transportation to the nearest adequate medical facility could cost in the tens to hundreds of thousands. It may make sense to pay more for travel insurance with robust emergency evacuation coverage. 
• Flexibility. To maximize your trip flexibility, you might consider upgrading your travel insurance to “ cancel for any reason” (CFAR) coverage . This will increase the cost of your travel insurance but allow you to cancel your trip for any reason — not just those listed in your policy. The catch is that you’ll need to cancel at least 48 hours before your trip and will only be reimbursed 50% or 75% of your trip expenses, depending on the plan. 
• Upgrades. Many travel insurance plans have optional extras like car rental collision and adventure sports (which may otherwise be excluded from coverage). These will cost you extra but may give you the coverage you need. 

How to find the cheapest travel insurance

The best way to find the cheapest travel insurance is to determine what you’re looking for in a travel insurance policy and compare plans that meet your needs.

 “Travel insurance isn’t one-size-fits-all. Every trip is different, and every traveler has different needs, wants and concerns. This is why comparison is key,” said Morrow.

Consider the following factors when comparing cheap travel insurance plans.

• How often you’re traveling. A single-trip policy may be the most cost-effective if you’re only going on a single trip this year. But a multi-trip travel insurance plan may be cheaper if you’re going on multiple international trips throughout the year. Annual travel insurance policies cover you for a whole year as long as each trip doesn’t exceed a certain number of days, usually 30 to 90 days. 
• Credit card has travel insurance benefits. The best credit cards offer perks and benefits, and many offer travel insurance-specific benefits. The coverage types and benefit limits can vary, and you must put the entire trip cost on the credit card to use the coverage. If your trip costs more than the coverage limit on your card, you can supplement the rest with a cheaper travel insurance plan.
• The coverage you need. When looking for the best travel insurance option at the most affordable price, only buy extras and upgrades you really need. A basic plan may only provide up to $500 in baggage insurance, but if you only plan to take $300 worth of clothes and accessories, you don’t need to pay more for higher coverage limits.

Is cheap travel insurance worth it?

Cheap travel insurance can be worth it, as long as you understand the plan limitations and exclusions. Taking the time to read your policy, especially the fine print, well before your trip can ensure there won’t be any surprises about what’s covered once your journey begins.

“If a traveler is looking for coverage for travel delays, cancellations, interruptions, medical and baggage — a comprehensive travel insurance policy will provide the most bang for their buck,” said Morrow. But if you’re on a tight budget and are only worried about emergency medical care and evacuation coverage while traveling abroad, stand-alone options are cheaper.

Before buying travel insurance, you should also consider what your health insurance will cover. 

“Most domestic health insurance plans, including Medicare, will not cover medical bills abroad,” said Morrow. Even if you’re staying stateside, you may find value in an affordable travel insurance plan with medical coverage if you have a high-deductible health plan (HDHP). 

A cheap travel insurance plan is better than none at all if you end up in a situation that would have covered some or all of your prepaid, nonrefundable trip expenses.

Methodology

Our insurance experts reviewed 1,855 coverage details and 567 rates to determine the best travel insurance . From those top-scoring travel insurance plans, we chose the most affordable for our rating of the cheapest travel insurance.

Insurers could score up to 100 points based on the following factors:

• Cost: 40 points. We scored the average cost of each travel insurance policy for a variety of trips and traveler profiles.
• Medical expenses: 10 points. We scored travel medical insurance by the coverage amount available. Travel insurance policies with emergency medical expense benefits of $250,000 or more per person were given the highest score of 10 points.
• Medical evacuation: 10 points. We scored each plan’s emergency medical evacuation coverage by coverage amount. Travel insurance policies with medical evacuation expense benefits of $500,000 or more per person were given the highest score of 10 points.
• Pre-existing medical condition exclusion waiver: 10 points. We gave full points to travel insurance policies that cover pre-existing medical conditions if certain conditions are met.
• Missed connection: 10 points. Travel insurance plans with missed connection benefits of $1,000 per person or more received full points.
• “Cancel for any reason” upgrade: 5 points. We gave points to travel insurance plans with optional “cancel for any reason” coverage that reimburses up to 75%.
• Travel delay required waiting time: 5 points. We gave 5 points to travel insurance policies with travel delay benefits that kick in after a delay of 6 hours or less.
• Cancel for work reasons: 5 points. If a travel insurance plan allows you to cancel your trip for work reasons, such as your boss requiring you to stay and work, we gave it 5 points.
• Hurricane and severe weather: 5 points. Travel insurance plans that have a required waiting period for hurricane and weather coverage of 12 hours or less received 5 points.

Some travel insurance companies may offer plans with additional benefits or lower prices than the plans that scored the highest, so make sure to compare travel insurance quotes to see your full range of options.

Cheapest travel insurance FAQs

When buying travel insurance, cheapest is not always the best. The most affordable travel insurance plans typically offer fewer coverages with lower policy limits and few or no optional upgrades. Add up your total nonrefundable trip costs and compare travel insurance plans and available features that cover your travel expenses. This strategy can help you find the cheapest travel insurance policy that best protects you from financial loss if an unforeseen circumstance arises.

Get the coverage you need: Best travel insurance of 2024

According to our analysis, WorldTrips , Travel Insured International and Travelex offer the best cheap travel insurance. Policy coverage types and limits can vary by each travel insurance provider, so the best way to get the cheapest travel insurance plan is to compare several policies and companies to find the right fit for your budget.

A good rate for travel insurance depends on your budget and coverage needs. The most comprehensive travel insurance plan is usually not the cheapest. But cheap trip insurance may not have enough coverage or the types of coverage you want. Comparing different levels of coverage and how much they cost can help you find the best cheap insurance for travel. 

The average cost of travel insurance is between 5% to 6% of your total travel expenses for one trip, according to our analysis of rates. However, you may find cheaper travel insurance if you opt for a plan with fewer benefits or lower coverage limits. How much you pay for travel insurance will also depend on the number of travelers covered, their ages, the length of the trip and any upgrades you add to your plan.

Travel insurance covers nonrefundable, prepaid trip costs — up to the policy coverage limits — when your trip is interrupted or canceled for a covered reason outlined in your plan documents. Even the cheapest travel insurance policies usually provide coverage for:

• Medical emergencies.
• Trip delays.
• Trip interruption.
• Trip cancellation.
• Lost, stolen or damaged luggage.

However, if you’re looking to save on travel insurance, you can shop for a policy that only has travel medical insurance and does not include benefits for trip cancellation .

Even when you buy cheap travel insurance, you can often use upgrade options to customize your policy to meet your specific needs. 

Some common travel insurance add-ons you may want to consider include:

• Rental car damage coverage. 
• Medical bundle.
• Security bundle.
• Accidental death and dismemberment coverage.
• Adventure sports bundle.
• Pet bundle.
• Wedding bundle.
• “Cancel for work reasons” coverage.
• “Interruption for any reason” (IFAR) coverage.
• “Cancel for any reason” (CFAR) coverage .

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Mandy is an insurance writer who has been creating online content since 2018. Before becoming a full-time freelance writer, Mandy spent 15 years working as an insurance agent. Her work has been published in Bankrate, MoneyGeek, The Insurance Bulletin, U.S. News and more.

Heidi Gollub is the USA TODAY Blueprint managing editor of insurance. She was previously lead editor of insurance at Forbes Advisor and led the insurance team at U.S. News & World Report as assistant managing editor of 360 Reviews. Heidi has an MBA from Emporia State University and is a licensed property and casualty insurance expert.

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• Introduction to InsureMyTrip

Features of InsureMyTrip Platform

• Purchasing and Managing Your Policy
• How to File a Claim
• Customer Service Experience and Usability
• Why You Should Trust Us

InsureMyTrip Travel Insurance Review 2024

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate insurance products to write unbiased product reviews.

Founded in 2000, InsureMyTrip is the first major travel insurance comparison site to hit the market. The company has served over 4 million customers and works with some of the best travel insurance companies to help travelers find the right coverage. Here's a closer look at what you need to know before using its comparison tools.

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Connects customers to a range of the most popular travel insurance providers
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Site prioritizes travel insurance providers by customer reviews
• con icon Two crossed lines that form an 'X'. Site does not facilitate claims filing
• con icon Two crossed lines that form an 'X'. InsureMyTrip customer service is limited
• con icon Two crossed lines that form an 'X'. Company does not provide its own travel insurance packages

Introduction to InsureMyTrip 

InsureMyTrip is a travel insurance broker, which means it doesn't offer its own travel insurance. Instead, InsureMyTrip lets you compare policies from 25 of the industry's best travel insurance companies to select the best coverage for your needs. You can also buy, manage, and cancel your insurance policy through InsureMyTrip.

InsureMyTrip also has a customer service team called Anytime Advocates, which can help you file or facilitate a claim. Having an extra set of eyes on your claim may help you receive a response faster than if you were to take on your travel insurance claims office on your own.

Even if you prefer to purchase an insurance policy directly from your provider, InsureMyTrip is worth a visit solely for their customer reviews. You can read reviews by specific plan and whether a claim was filed. This is a great feature in a travel insurance marketplace, getting honest insight into how well a company works.

When you InsureMyTrip, you'll be able to see all the plans that apply to your travel details and personal information. You can opt to only see the following policy types: 

• Comprehensive
• International Medical
• Medical Evacuation
• Embassy Visa
• Accidental Death

Once you obtain your list of quotes, you can opt to see limits and terms for specific coverages, such as trip cancellation, emergency medical, evacuation, and pre-existing condition coverage . You can also receive quotes on annual travel insurance policies, if you intend to go on more than one trip this year.

Here are some more terms that InsureMyTrip offers with its quotes.

Best Plans Guarantee

First, InsureMyTrip's Best Plans Guarantee ensures that only plans with multiple positive ratings and reviews are shown to its consumers. The company provides a forum to allow past customers to share their experiences with specific providers. The insurance providers get a grace period to collect enough reviews. After the grace period expires, the site's offerings are filtered based on the feedback received, with the highest-rated plans receiving the highest ratings.

In short, you're free to choose your travel insurance, but InsureMyTrip's site prioritizes the companies consistently performing well, making it easier to find travel insurance companies you'll love.

Price Guarantee

All travel insurance is regulated state by state. So as InsureMyTrip points out on its website, offering discounts on these products is illegal. With that in mind, the company promises to show you the lowest prices while remaining legally compliant, meaning you won't find a (legal) lower price anywhere else.

Money Back Guarantee

You can cancel your InsureMyTrip travel insurance plan during your review period and get your money back if you're unhappy. However, there are a few caveats to this one. First, the company clearly states that each cancellation and refund policy differs by the provider, and you'll likely be subject to those terms. In addition, some providers may charge an administrative fee, which is typically not eligible for a refund.

InsureMyTrip Travel Insurance Cost

The cost of travel insurance can vary widely depending on several factors, including the trip destination, trip duration, trip cost, the age of the travelers, the provider, the plan chosen, and any additional coverage options selected.

The average travel insurance plan costs 4-8% of your total trip cost. Like your flight tickets, hotels, etc., prices fluctuate depending on your location, time of year, and more. The best way to compare the average cost of travel insurance for your plans is by comparing quotes online.

Purchasing and Managing a Policy With InsureMyTrip

You can get a quote from InsureMyTrip's website by inputting the following information:

• Destination
• Travel Dates
• Citizenship and Residence
• Number of travelers and their ages
• Trip details (taking a flight, cruise, renting a vacation home)

Once you're taken to the quotes page, you can compare policies and sort your search by price, popularity, and rating. 

How to File a Claim with InsureMyTrip

You'll need to work directly with your insurance provider if you have to file a claim. However, InsureMyTrip makes it easy to access the correct contact information and claims forms.

You can find your provider's information by navigating to the "File a Claim" page on InsureMyTrip.com . Then, select your insurance provider and policy from the drop-down menu. Typically, InsureMyTrip will provide each insurer's phone number, emergency contact line, and mailing address. When available, it also lists email addresses and URLs for claims forms.

If you encounter any issues with your provider's claims process, you can email InsureMyTrip's Anytime Advocates at [email protected].

InsureMyTrip Customer Service Experience and Usability

InsureMyTrip received an average rating of 4.3 stars out of five from Google Maps reviews of its headquarters in Rhode Island. Most of the negative reviews of InsureMyTrip talk about a claims issue with their providers, which InsureMyTrip doesn't directly control.

InsureMyTrip regularly responds to negative reviews, offering phone numbers and emails that customers can call for help with their policies. 

How InsureMyTrip Compares

Insuremytrip vs. squaremouth.

Squaremouth is one of the leading travel insurance aggregators, listing policies from 32 companies compared to InsureMyTrip's 25 companies. Squaremouth also lists options online for group travel insurance policies, which InsureMyTrip only quotes for when you call their customer service line.

Both InsureMyTrip and Squaremouth allow you to purchase, manage, and cancel a policy on their platforms. You'll have to file claims directly with your insurer, but both companies offer ways to facilitate customer claims. InsureMyTrip has an Anytime Advocates team, which can help customers with filing claims or facilitate an existing claim. Squaremouth has a Zero Complaint Guarantee, which promises that they'll act as a mediator if a customer feels that a claim was denied unfairly. 

InsureMyTrip vs. VisitorsCoverage

InsureMyTrip's offerings are more comprehensive than VisitorsCoverage's, which offers policies from 15 travel insurance companies.

VisitorsCoverage does a better job summarizing policy terms, offering eligibility details like max trip length and age limits, which InsureMyTrip lacks. It also offers more search filters, allowing travelers to select search options for students studying abroad, business travelers, and U.S. green card holders. That said, VisitorsCoverage does not field customer reviews.

Read our VisistorsCoverage review here.

InsureMyTrip FAQs

Yes, InsureMyTrip offers travel protection insurance from 25 travel insurance companies, with search customizations like medical-only, Schengen Visa insurance, and AD&D insurance.

InsureMyTrip is very user-friendly, streamlining the insurance purchasing process and allowing travelers to compare all plans available for their trip. 

While InsureMyTrip offers some search refinements, they do not offer a filter for adventure sports.

Yes, customer reviews often highlight InsureMyTrip's customer service as helpful and efficient in addressing questions and assisting with policy selection. Negative customer reviews often receive responses from InsureMyTrip's team, which will try to resolve lingering issues.

InsurInsureMyTripMyTrip offers the advantage of comparing multiple insurance plans from different providers in one place, simplifying the process of finding the best coverage for specific travel needs.

Why You Should Trust Us: How We Reviewed InsureMyTrip

When reviewing InsureMyTrip, we looked at its insurance partners and ran comparisons against other broker sites within the industry. We looked at the providers listed on its website, the assurances it offers, and customer reviews.

You can read more about how we rate travel insurance products here .

Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards .

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.

**Enrollment required.

• Main content

The Best Travel Insurance: Secure Your Adventures

What are the best travel insurance options for your next trip? Find out my top three picks after four years of full-time travel.

I know what you’re thinking. Travel insurance is a waste of money. You’ve gone your entire life without spending money on travel insurance and you don’t understand why every travel blog talks so much about it. Traveling in a post-covid pro-corporate world means being screwed over with no recourse.

Airlines these days have no obligation to get you to your final destination. Passengers are being stranded at connecting airports for days at a time with no solutions. Travelers are missing important events, incurring massive additional costs, and suffering emotional breakdowns as a result of negligence by airlines.

If you are in any travel group on social media or read any travel forums you probably read horror stories daily. On every single post or thread there are people who reply telling the distraught traveler to just contact their travel insurance to sort it out. But of course, that person doesn’t have travel insurance. If they did, they wouldn’t be having an emotional breakdown on the internet.

• Best Insurance Providers
• Choosing Insurance Plans
• Medical Coverage Basics
• Claims Basics
• Additional Considerations
• Covid-19 & Travel Insurance

Understanding Best Travel Insurance

When you’re exploring the world, the right travel insurance is a must have these days. The best travel insurance companies offer a safety net that covers unexpected incidents, from trip cancellations to medical emergencies. Finding the top provider for your needs means comparing various insurance products that cater to different travel scenarios.

Forbes Advisor and other reputable sources often list detailed ratings of insurance providers and their offerings. These evaluate numerous best travel insurance providers on criteria such as coverage options, customer service, and claim filing ease. Choose a comprehensive policy that gives you a broad range of protections, ensuring peace of mind during your travels.

Here’s a quick look at what to consider:

• Coverage: Seek policies that cover the essentials—trip cancellations, interruptions, baggage, and medical evacuation.
• Reputation: Look for insurance companies recognized for reliability and customer service.
• Cost vs. Benefit: Ensure the price aligns with the benefits provided, so you get value for your investment.
• Citizenship and Countries: Where you are from and where you are going are key factors for insurance products.

*This list of our partners is focused on U.S. citizens 

Your choice in a travel insurance policy should reflect your trip’s needs. Whether it’s a single trip or ongoing travel plans, involve insurance agents as they can guide you through the selection process. The best travel insurance is the one that provides the right coverage before you ever have a reason to need it.

I share products I love with you through affiliate links, which means if you buy something through one of these links, I get a small commission at no extra cost to you.

Top 3 Providers of the Best Travel Insurance

Axa travel insurance.

AXA Travel Insurance excels with its robust range of options catering to both leisure and business travelers. Recognized for its reliability, AXA offers customizable plans that include coverage for trip cancellations, emergency medical treatment, and travel disruptions.

Their policies are particularly favored for extensive medical evacuation coverage, ensuring that travelers receive the care they need, no matter where they are in the world. Additionally, AXA ‘s proactive customer service team is ready to assist travelers around the clock, providing peace of mind from pre-trip planning through the journey itself.

World Nomads

World Nomads is widely celebrated among adventurous travelers for its support of a wide range of adventure activities that many other insurers do not cover. This provider is ideal for those looking to engage in high-risk activities like scuba diving, skiing, and mountaineering.

World Nomads makes it easy for travelers to buy and extend their insurance coverage online, even while already on the road. Their policies are comprehensive, offering protection against trip interruptions, theft of personal belongings, and unexpected medical issues, with the added flexibility that nomadic travelers particularly appreciate.

Travelex Insurance Services

Travelex Insurance offers travel insurance solutions that emphasize simplicity and efficiency, making it a great choice for families and occasional travelers. Travelex ‘s plans often include unique benefits like coverage for children at no extra cost and a waiver for pre-existing medical conditions.

Their coverage extends to trip cancellations, interruptions, and delays, as well as providing for emergency medical and dental expenses. Travelex is known for its straightforward claims process, which is highly transparent and supported by customer service that ensures travelers get the support they need when they need it.

How to Choose the Right Travel Insurance

Choosing the best travel insurance for your trip used to be only for bougie travelers. These days every traveler should be prepared for getting screwed by corporations on their upcoming trip. A good starting point is to assess your coverage limits to ensure adequate protection. You’ll want enough coverage to handle unexpected events like medical evacuation, flight delays, or lost luggage.

Considerations for Coverage:

• Medical expenses: Look for policies with comprehensive health coverage.
• Trip cancellations: Ensure the policy includes trip cancellation insurance.
• Luggage reimbursement: Check for limits on the value of luggage contents.

When selecting insurance, review your travel credit card benefits. Some cards offer built-in insurance options which could suffice for short trips or minor concerns. Still, for more extensive coverage, a standalone policy might be necessary.

Travel Credit Card Benefits:

• Lost baggage coverage
• Trip interruption insurance
• Travel accident protection

Consult with travel agents , as they can offer insights into the insurance options that suit your travel needs. They keep track of the best time to purchase insurance and can guide you towards plans that provide ample coverage.

Insurance Options from Travel Agents:

• Cruise insurance
• Annual trip insurance
• Specific needs-based plans

To ensure you make an informed decision, compare the best travel insurance plans available. Use trustworthy comparison sites to weigh premiums, deductibles, and exclusions side by side. Some of the viral insurance products get really creative about what they consider a covered reason for paying out a claim. The last thing you need during a stressful travel situation is an insurance company trying to pull one over on you.

Medical Coverage

When selecting travel insurance, coverage should be at the forefront of your considerations. Quality plans offer extensive support for medical emergencies and the management of pre-existing conditions, ensuring your health is safeguarded while abroad.

A key consideration for U.S. residents is ensuring you know if your insurance will pay medical providers directly or if you need to front the cost and be reimbursed. It’s always a good idea to have ample access to funds in the event that medical services will be withheld until payment. Oftentimes you will not have a choice as to where you are going to receive treatment and that hospital may or may not be on an approved list from your travel insurance.

Medical Emergency and Evacuation

When selecting the best insurance, it’s crucial to have robust medical protection. This becomes vital if you encounter a medical emergency in a remote area or an international trip. High-quality travel insurance coverage should include extensive medical treatment and emergency evacuation. These benefits cover costs from ambulance services to emergency room fees. In dire situations, if an emergency evacuation to a more equipped facility is needed, these costs can range from $25,000 to $2 million. Always ensure your insurance company provides comprehensive travel insurance plans that prioritize these scenarios, safeguarding your health no matter where you are.

Managing Chronic Conditions Abroad

Traveling with medical conditions means you need a medical plan that specifically addresses your health care needs. The insurance policies for those with chronic conditions provide ongoing coverage for medical treatment, medication, and even health care maintenance outside your home country. It’s essential to confirm that your policy covers your particular medical conditions without exclusions and includes all necessary medical benefits. This ensures you receive the best possible care, no matter where your travels take you.

Understanding Coverage for Family Members

Ensuring your family members are also covered under your insurance is crucial. Comprehensive insurance plans should extend the same level of medical protection to every family member involved in the trip. This includes provisions for medical events, routine health care, and unexpected medical treatment. When researching the best insurance policy, make sure the policy extends these protections to all traveling family members. This not only offers peace of mind but also ensures that everyone has access to necessary medical care, keeping your trip worry-free for all involved.

Using Your Travel Insurance

When your plans hit a snag, like a flight delay or sudden trip cancellation, the policies come to the rescue. For travelers facing unexpected changes, travel delay coverage kicks in after a set time frame, which is crucial to know when comparing insurance plans. Be prepared with detailed documentation of non-refundable trip costs and receipts if you’re claiming for trip interruption. These policies can reimburse you for financial losses, ensuring that a delayed flight or a missed hotel night doesn’t have to break the bank. Additionally, top providers typically offer clear guidelines on how these claims are processed, ensuring you’re not left in the dark during stressful times.

Trip Interruptions and Delays

Inclement weather and natural disasters are realities that can profoundly affect your travel plans. If a hurricane or another severe weather event disrupts your trip, it’s important to understand the specifics of your coverage. Most policies set a waiting period before you can file a claim for trip cancellation or interruption due to weather conditions. Having CFAR coverage can provide additional benefits, allowing you to cancel for any reason, including unforeseen weather changes, although this might increase your policy’s cost. This type of foresight is particularly valuable for international trips or in areas prone to extreme weather.

Natural Disasters and Severe Weather

Ensuring your personal items and belongings are covered in case of loss or theft is another aspect of selecting the best insurance. Look for policies that include baggage insurance, which can cover the cost of your belongings if they are lost, stolen, or damaged during your trip. This coverage is essential for peace of mind, especially when carrying valuable items or traveling to remote areas where replacements are not readily available. Additionally, check if the travel insurance policy offers coverage for baggage delays, which can provide funds to purchase necessities if your bags are delayed for a certain period. This coverage is particularly crucial for U.S. citizens traveling abroad, where accessing replacement items might be challenging.

Frequent Travelers and Special Groups

When you’re on the move often, annual travel insurance plans can be a game-changer. These plans are cost-effective for U.S. residents who travel several times a year, covering multiple trips under one policy. You’ll save time and possibly money, avoiding the need to purchase separate coverage for each trip.

For those with nonrefundable trip costs, it’s crucial to find the best insurance suited to your travel frequency and budget. If you travel with family, consider plans that cover every family member. It will give everyone peace of mind throughout your journey. Tailored plans can ensure that, if plans go awry, you’re not out of pocket.

Lastly, older travelers might have different insurance needs, often requiring more comprehensive coverage. Be sure to examine policies carefully, as some insurances offer more robust options for medical protection, which can be vital for those needing extra reassurance while away from home.

Here are a few key points to remember:

• Frequent Travelers: Look into annual or multi-trip plans.
• Family Consideration: Check if your family members are covered.
• Older Travelers: Ensure suitable medical coverage is included.

Selecting the right policy keeps you prepared and protected, whether you’re exploring new horizons or traveling for work.

Impact of Covid-19 on Travel Insurance

Adapting to new travel restrictions.

The Covid-19 pandemic has significantly changed the landscape of international travel. Travel restrictions can vary greatly between countries, affecting everything from entry requirements to the types of travel insurance necessary. U.S. residents planning trips abroad must stay informed about these changes to ensure compliance and coverage. It’s crucial to understand the fine print of your travel policy to know how it applies in different pandemic scenarios.

Covid-19 Coverage in Travel Health Insurance

Since the onset of the pandemic, travel health insurance has evolved to specifically include Covid-19 related medical expenses. This adaptation is critical for travelers, providing peace of mind by covering costs associated with testing, quarantine mandates, and emergency medical care if infected while traveling. Providers like Allianz Travel Insurance now offer plans that cater specifically to the challenges posed by Covid-19, ensuring travelers are not left vulnerable abroad.

The Rise of CFAR Coverage

“Cancel for any reason” (CFAR) insurance has become more prominent due to the uncertainty caused by Covid-19. CFAR allows travelers to reclaim a significant portion of non-refundable trip costs for cancellations due to illness, fear of travel, or sudden border closures. This type of insurance offers an additional layer of financial protection. It’s a popular choice among travelers looking for flexibility and security in their travel plans.

Securing the Best Travel Insurance in a Pandemic

In today’s ever-changing health landscape, securing the best insurance is more crucial than ever. Comprehensive coverage that addresses potential Covid-19 complications can safeguard your financial investment and health during your next trip. Travelers are advised to carefully review their insurance options. Focus on policies that offer extensive medical plans, interruption coverage, and emergency medical evacuation. Ensuring you have the right type of insurance can make a significant difference in how well you manage the complexities of traveling during a global pandemic.

FAQ: Best Travel Insurance

What does standard travel insurance cover.

Standard travel insurance typically includes coverage for trip cancellations, medical insurance, baggage loss, and accidental death. It’s designed to offer peace of mind for the most common travel-related issues.

How much does travel insurance usually cost?

The average cost of travel insurance varies based on the trip cost, duration, destination, and the traveler’s age. Typically, it ranges from 4% to 10% of the total trip cost.

What is medical evacuation coverage?

Medical evacuation coverage is a critical component of travel insurance that covers the cost of transporting you to a medical facility capable of providing the necessary treatment in case of a serious medical emergency, especially in remote areas.

Are pre-existing conditions covered by travel insurance?

Coverage for pre-existing conditions varies by policy. Most travel insurance plans cover them if the insurance is purchased within a set time frame from the date of the first trip payment, provided the condition has been stable.

What should U.S. residents consider when purchasing travel insurance for domestic trips?

U.S. residents should look for policies that offer comprehensive coverage for travel delays, cancellation due to illness or emergency, and protection for personal belongings. This is particularly relevant for trips that involve multiple states or remote locations.

What happens if my flight is delayed?

If your flight is delayed, travel insurance can reimburse you for additional expenses such as meals and accommodations, provided the delay meets the minimum time frame covered in your policy.

How do I claim for baggage loss under my travel insurance?

To claim for baggage loss, you need to report the loss to the airline or transport authority immediately and obtain a written report. Then, submit a claim to your travel insurance provider with the report and any receipts for emergency purchases.

Are there travel insurance options for frequent flyers?

Yes, frequent flyers might benefit from annual or multi-trip travel insurance plans. These are financial products that provide coverage for multiple trips over the year, offering both convenience and potential savings.

What should I look for in a travel insurance policy from a travel supplier?

When purchasing travel insurance from a travel supplier, ensure it covers the full scope of your trip, including medical emergencies, trip cancellations, and any specific needs like adventure sports. Also, review the covered reasons for trip cancellation to ensure they meet your potential needs.

The post The Best Travel Insurance: Secure Your Adventures appeared first on Nomad Veronica .

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Us travel insurance market to secure valuation of usd 21.15 billion by 2032 at a cagr of 18.14% cagr from 2024 to 2032: astute analytica.

The U.S. travel insurance market is experiencing a surge in demand, with Americans increasingly valuing financial and medical protection while abroad. Sales are nearing $4.79 billion annually, driven by concerns over safety, health coverage, and the rising popularity of international travel.

New Delhi, May 20, 2024 (GLOBE NEWSWIRE) -- The  US travel Insurance market is projected to attain a market valuation of US$ 21.15 billion by 2032 from $4.79 billion in 2023 at a CAGR of 18.14% during the forecast period 2024–2032.

The travel insurance market in the United States is experiencing a robust period of growth. Annually, Americans are investing nearly $4 billion in travel insurance, a testament to the rising concern over travel-related risks. This heightened sense of caution is reflected in the fact that nearly half of Americans report increased anxiety about traveling, yet a resilient spirit prevails as most indicate that their travel plans remain unaffected. As per Astute Analytica, the landscape of travel is punctuated by uncertainties, with one in six Americans experiencing disruptions due to illness or natural disasters. Despite these challenges, the average American is embarking on 2.4 trips, predominantly within the domestic sphere. The coverage net of travel insurance is widening, with more than 148 million individuals now under its umbrella, marking a near 15% surge in sales. When selecting international destinations, safety and security concerns are prioritized over health issues, indicating a shift in the traveler's mindset.

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The financial commitment to travel insurance is on an upward trajectory, with expenditures surpassing $1.3 billion. The demographics of those seeking insurance reveal that higher income and education levels are influential factors, with a threefold increase in demand observed. In the past year, approximately 80% of US adults have traveled for non-business purposes, with the majority of insured travelers (56%) spending $1,000 or less on their trips. The primary motivator for 35% of insured travelers is the fear of flight delays or reservation changes, highlighting the desire for assurance against logistical uncertainties.

Consumer Behavior with Demographic Analysis Paints A Promising Picture of US Travel Insurance Market

Interestingly, 38% of travelers have opted for insurance coverage, with the average policy cost ranging between $80 and $160 for a $2,000 trip. The preferred method of purchase is through travel providers, as evidenced by 55% of insured travelers. The practical use of travel insurance market is not uncommon, with 18% of policyholders filing a claim. Additionally, credit card travel insurance features are utilized by a third of respondents, offering a convenient alternative to traditional insurance products. Despite these trends, a significant 62% of travelers have not purchased travel insurance, though 68% express a willingness to consider it for future trips. The year 2023 saw Americans spend nearly $4.79 billion on various travel protection services, with online channels accounting for more than half of this consumer expenditure. The coverage landscape expanded to protect around 77 million people through over 49.3 million plans, marking a 17% increase from 2019. The majority of these plans, approximately 89%, were for trip cancellation/interruption packages, underscoring the importance of this coverage type.

Medical evacuation insurance, which represents about 6.3% of sold plans, covers the significant costs associated with emergency transport due to medical crises. The 'Cancel for any reason' (CFAR) coverage, although it can increase the insurance cost by nearly 50%, remains a popular add-on for its flexibility. The single-trip insurance segment is particularly dominant, claiming a 77.49% market share.

Senior citizens are a key demographic, contributing a substantial revenue, while the business travel insurance segment also holds a significant market share.

Key Findings in US travel Insurance Market

Rise of Individual Travel Insurance in the United States, Contribute Over 77% Market Revenue: Factors Driving Demand

In recent years, the United States travel Insurance market has witnessed a significant shift in the travel insurance landscape, with a notable increase in the demand for individual travel insurance policies compared to group travel insurance. This trend can be attributed to a confluence of factors that have reshaped the way Americans travel and perceive the importance of travel protection. One of the primary drivers behind this shift is the growing popularity of solo travel. A recent survey by Booking.com revealed that 40% of global Baby Boomers have embarked on a solo trip in the last year, with 21% planning to do so in the future. This trend, coupled with the rise of business travel, which often requires personalized coverage tailored to specific travel needs, has significantly contributed to the demand for individual travel insurance policies. The Global Business Travel Association projected that U.S. business travel spending would reach $347.5 billion in 2022, further underscoring the importance of individual travel insurance in this segment.

Another key factor behind this growth of the travel Insurance market is the desire for customization and flexibility in travel insurance coverage. A survey by Squaremouth indicated that 70% of travelers prefer policies that can be tailored to their specific needs, such as "Cancel For Any Reason" coverage. Individual travel insurance policies often offer more comprehensive coverage for international travel, including international health insurance, which is less commonly found in group policies. This is particularly relevant given the 6% increase in international travel by U.S. residents in 2019, as reported by the U.S. Department of Commerce.

The convenience of purchasing individual travel insurance through online booking platforms has also played a significant role in driving demand in the travel Insurance market. Statista reports that 82% of travel bookings in 2018 were made without human interaction, with many platforms offering the option to add individual travel insurance at the point of sale. This ease of access, combined with growing consumer awareness about the risks of travel interruptions, as suggested by the U.S. Travel Insurance Association (USTiA), has led to more travelers proactively seeking out individual insurance products.

Age-specific coverage needs have also contributed to the rise in individual travel insurance demand. The senior segment of travelers, which is growing, often requires more comprehensive medical coverage. The Centers for Disease Control and Prevention (CDC) recommends that older travelers have travel insurance, as Medicare may not provide coverage outside the U.S. Similarly, the adventure travel sector, which is growing at a rate of 65% year over year according to the Adventure Travel Trade Association, has seen an increase in travelers seeking individual policies that cover specific activities that may not be included in standard group policies.

Securing Peace of Mind: The Rising Tide of Comprehensive Travel Insurance in the US, to Continue Dominating with Over 30.51% Market Share

The demand for comprehensive travel insurance market in the United States has surged, with a AAA Travel survey indicating that 31% of U.S. travelers are more likely to purchase travel insurance in the wake of the pandemic. This heightened awareness has translated into a robust increase in travel insurance sales, with AAA noting a double-digit year-over-year growth. The primary driver behind this surge is the travelers' need for financial security, with 69% of them identifying the ability to cancel a trip and receive a refund as the most important benefit of travel insurance. In response to the pandemic, insurance providers have expanded their offerings to include coverage for COVID-19-related losses, previously excluded under many policies. This has been a significant factor in the increased uptake of travel insurance. Moreover, 60% of Americans now see the benefit of consulting travel agents, who often advocate for comprehensive travel insurance as part of the travel planning process.

The study of the travel Insurance market further reveal that 38% of Americans are likely to purchase travel insurance for future international travel, with 88% emphasizing the importance of getting their money back if they cancel their trip. AAA's travel insurance sales have seen a more than 20% increase year-to-date, with insured trips costing about 18% more than the previous year, suggesting that travelers are investing in more expensive trips and seeking to protect those investments.

The practicalities of travel also play a role in the growing demand for insurance. Airlines mishandled over 22 million bags in 2017, and most U.S. health insurance policies do not cover international travel, highlighting the need for separate travel insurance to cover medical expenses and potential medical evacuation costs. The travel insurance sector experienced a 30% increase in the total value of claims paid out to policyholders in 2023, with payouts averaging $1,900 per claim. Trip cancellation claims accounted for 25% of all claims, with an average payout of around $5,000, while emergency medical claims represented 24% of the total, with an average payout of $1,456.24. The highest payout for "Cancel For Any Reason" (CFAR) claims reached over $25,000, illustrating the substantial financial risks that comprehensive travel insurance can help travelers avoid.

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The Surging Demand for Travel Insurance with Medical Coverage in the U.S. Control Over  52.60% Market Share

The demand for travel insurance market with medical coverage is skyrocketing across the United States, as savvy Americans recognize the critical importance of safeguarding their health and finances during their adventures abroad. At the forefront is the need for protection against the staggering costs of medical treatment overseas, where emergency medical and evacuation coverage can save travelers from financial ruin in the face of unexpected health crises. Travel medical insurance is a non-negotiable necessity for those with pre-existing conditions or those embarking on thrilling adventure activities, as it provides a vital safety net against the costs of unforeseen injuries or illnesses that can strike at any moment during a trip. Industry experts universally recommend a policy with a minimum of $50,000 in emergency medical coverage and $100,000 in medical evacuation coverage for international journeys.

Another driving force behind the surging demand for travel medical insurance in the US travel insurance market is the glaring limitations of domestic health insurance policies, such as Medicare and Medicaid, which leave travelers exposed to the full brunt of medical costs outside the U.S. Even private health care plans often fall short in providing adequate coverage across different countries, making supplemental travel insurance an absolute must. Without this crucial protection, Americans could find themselves saddled with crippling out-of-pocket medical expenses that can quickly turn a dream vacation into a financial nightmare. Travel medical insurance is ingeniously designed to bridge these gaps, empowering travelers to prioritize their immediate medical needs without the looming specter of financial stress. It offers a comprehensive safety net that encompasses everything from broken bones and heart attacks to emergency dental procedures, and can even facilitate seamless communication with medical personnel in foreign countries.

Some destinations in the travel Insurance market have recognized the paramount importance of travel medical insurance, going so far as to require proof of coverage as a condition of entry. With policies typically ranging from a mere $40 to $80, travel medical insurance represents an incredibly affordable way for Americans to shield themselves from the financial devastation of unexpected medical expenses while exploring the world. As the perils of global travel become increasingly apparent, and with the growing recognition of the shortcomings of domestic health insurance policies, the demand for all-encompassing travel insurance that includes robust medical coverage is poised to continue its relentless upward trajectory. Don't let unexpected health emergencies derail your travel plans or drain your bank account – invest in the peace of mind that comes with top-notch travel insurance with medical coverage.

US Travel Insurance Market Key Players

Allianz Global Assistance

American Express Company

American International Group, Inc.

Berkshire Hathaway Specialty Insurance Company

Generali Global Assistance

HTH Travel Insurance

Nationwide Mutual Insurance Company

Seven Corners Inc.

Travelex Insurance Services Inc.

Other Prominent Players

Key Segmentation:

Individual Insurance

Single Trip Insurance

Multi Trip Insurance

Group Insurance

By Risk Coverage

Medical Cover

Emergency Accidental Treatment & Evacuation

Emergency Medical Treatment & Evacuation

Personal Accident

Accidental Death & Disability

Emergency Dental Treatment

Smooth Transit Covers

Trip Cancellations

Common Carrier Delay

Delay of Checked-In Baggage

Flexible Trip

Loss of Passport

Emergency Cash

Emergency Trip Extension

Trip Abandonment

Personal Liability & Bail Bond

By Tripe Type

Medical Travel

Corporate Travel

Student Travel

Leisure Travel

Comprehensive Travel

By Destination

International

By Distribution Channel

Insurance Aggregators

Insurance Brokers

Insurance Companies

Insurance Intermediaries

By End User

Travel Bloggers

Tourist Guides

Family Travelers

Business Travelers

Group Travelers

Senior Citizens

Explore Research Methodology @  https://www.astuteanalytica.com/request-methodology/us-travel-insurance-market

About Astute Analytica

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries:  [email protected] Website:  https://www.astuteanalytica.com/ LinkedIn  |  Twitter  |  YouTube

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Why Is Car Insurance So Expensive?

Soaring premiums have become a prominent driver of inflation, and insurers say that more increases could be on the way. How did it get like this?

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By Emily Flitter

If your car broke down two years ago, it probably became a bigger problem than you bargained for.

A confluence of forces were to blame: The Covid pandemic disrupted supply chains, pushing used car prices to record highs and making spare parts hard to get; out-of-practice drivers emerging from lockdowns caused more severe wrecks; and technological advancements like motion sensors made even the simplest parts, like a fender or a rim, expensive to replace .

Things have since improved for car owners — except when it comes to insurance bills. Car insurers are still raising prices steeply: The price of motor vehicle insurance rose more than 22 percent in the year through April, the fastest pace since the 1970s, according to a report the Bureau of Labor Statistics on Wednesday. According to calculations by the Insurance Information Institute, a trade group, the average 12-month premium for car insurance was $1,280 in 2023, the industry’s most recent figures.

That has made car insurance a prominent factor preventing overall inflation from cooling more quickly, which could force the Federal Reserve to keep interest rates higher for longer even as the prices for many other essential goods and services have slowed.

Geico recently reported a big jump in quarterly profit on higher premiums and lower customer claims. The share prices of other big auto insurers, like Allstate and Progressive, have beaten the rise in the overall market this year.

That has attracted scrutiny from economists . A key reason car insurance costs are rising so fast right now has to do with how the industry is regulated.

How does insurance regulation work?

Insurers are regulated by the states, not the federal government. In all 50 states, insurance companies must follow specific rules about how and when they can raise the price on their policies.

Each state’s laws are broadly similar, and require insurers to ask regulators for permission to raise prices. Insurers have to make a case — with data to back it up — that the increase is necessary and that they will not make too large a profit on the re-priced policies. This application, known in the business as a “rate filing,” involves complicated paperwork that may take weeks or months to resolve.

The data has to include an analysis of loss trends from the past couple of years, as well as projections for replacement costs and profits. If insurers are deemed to profit too heavily, regulators can make them return money to customers.

The threat of returning money is not an idle one. At the height of pandemic lockdowns in 2020, when many cars sat idle, insurers returned almost $13 billion to customers through dividends, refund checks and premium reductions for policy renewals, according to the insurance ratings agency AM Best.

California was one of the most active states: Insurers there returned $3.2 billion to customers in 2020.

Ricardo Lara, the state’s insurance commissioner, “directed the department to do a very close analysis to make sure that drivers weren’t overcharged,” said Michael Soller, a spokesman for the California Department of Insurance. But starting in late 2021, the state became the poster child for a new problem: an epic backlog of insurers’ requests to raise prices.

How a massive paperwork jam explains rising prices.

When the pandemic shut down most economic activity, it messed up insurers’ ability to use the past to predict the future. For months, they were frozen. They did not submit new rate filings to regulators for a spell — until they did, all at once, in the second half of 2021.

The prices of cars and parts were jumping and drivers were back on the roads and crashing left and right after a hiatus behind the wheel.

“You went from this period of incredible profitability to incredible losses in the blink of an eye,” said Tim Zawacki, an analyst who focuses on insurance at S&P Global Market Intelligence. No companies were willing to stick their necks out by offering lower premiums in the hope of winning new business, he said.

“Everyone was together in significantly pushing for rate increases.”

In California, the most populous U.S. state, insurers were getting creamed by expensive claims.

But the state’s regulator did not start approving insurers’ requests to raise rates until near the end of 2022. The backlog grew so large that the average wait time for approvals was longer — by several months — than the six-month policies that insurers wanted to sell.

“When state regulators delay or prevent companies from accurately pricing insurance, insurers may not be able to absorb the costs,” said Neil Alldredge, the president of the National Association of Mutual Insurance Companies, a trade group that represents many home and auto insurers. The squeeze can lead insurers to leave some states or stop some business lines, he added. “Inefficient regulatory environments in states like California, New Jersey and New York, combined with inflation and increased catastrophic losses, have left consumers with fewer choices of insurers and higher costs,” he said.

California is still the slowest state in the continental United States for auto insurance rate filings, taking an average of 219 days to approve a price proposal for a personal auto policy, according to S&P data provided by Mr. Zawacki.

“We fight for consumers by analyzing all of the data, not just what insurance companies spoon-feed us,” Mr. Soller, the California Department of Insurance spokesman, said.

The S&P analysis showed that New Jersey, the 11th-most populous state, had the sixth-longest wait time, while New York, with the fourth-largest population, had the 7th-longest wait times.

“The department performs a comprehensive review of requests to amend rates or rating systems to ensure compliance with New Jersey law,” said Dawn Thomas, a spokeswoman for the New Jersey Department of Banking and Insurance.

Ms. Thomas said the regulator needed to ensure that each proposed premium increase was “reasonable, adequate, and not unfairly discriminatory,” and that sometimes the insurers’ requests needed to be challenged or denied.

A spokeswoman for New York’s regulator declined to comment.

When will the jam clear?

Shortly before the pandemic, the umbrella organization for state insurance regulators, the National Association of Insurance Commissioners, formed a team of data scientists to help regulators deal with their rate filings, which has gotten more complicated in recent years.

The data team became fully operational in 2021 and its mission is now to help speed up the review process: 37 states have signed up to use it.

This month, during a call with analysts to discuss Allstate’s earnings, company representatives said they had recently reopened their California auto insurance business after getting permission to charge higher rates. The company still wanted to raise prices in other states.

In New York and New Jersey, for example, “even with the rate approvals that we got late last year, we still don’t feel like we’re at the appropriate rate level to want to grow in those two states,” said Mario Rizzo, the president of Allstate’s property-casualty business.

How much higher will premiums go?

In 2021, insurers’ personal auto businesses started recording losses. According to David Blades, an analyst for AM Best, the industry lost $4 billion in 2021, $33 billion in 2022 and roughly $17 billion last year.

According to Dale Porfilio, the chief insurance officer at the Insurance Information Institute, the trade group, many companies still need to raise prices to make up for those bad years.

Last year, insurers raised auto premiums by 14 percent, the biggest increase in over 15 years. Mr. Porfilio’s best guess is that premiums this year will rise another 13 percent.

“It’s going to take time for every company to get their rates to where they want to be,” he said.

Emily Flitter writes about finance and how it impacts society. More about Emily Flitter