15 Best Travel Insurance Companies In 2023

Travel insurance addresses common issues. It might help protect your money if your vacation is interrupted or canceled.

Common coverage covers more than a trip cancellation. Among other things, it can cover lost or damaged luggage and schedule modifications for covered reasons.

Your current health insurance may not operate while you are away from home. The best travel insurance covers medical, dental, and transportation costs.

If you have or are in danger of having pre-existing conditions, check sure your coverage covers them.

Check Out: Is Allianz Travel Insurance worth it? Allianz Travel Insurance reviews 2023


Travel Insurance is a sort of insurance that protects travelers against a variety of dangers. It provides coverage for medical expenditures, lost luggage, flight cancellations, and other mishaps that may occur when traveling.

Travel insurance is often purchased from the day of departure until the traveler returns. Purchasing travel insurance provides full coverage in the event of an emergency when traveling to another country.

Travel Insurance is also available for excursions within the traveler’s home country, but is a more common alternative for international travel.

Among the dangers covered by travel insurance are the following:

  • Personal Accident Insurance, which includes the following:
  • Death of the Insured
  • Total and Permanent Disability
  • Reimbursement for medical expenses incurred as a result of an accident or illness
  • Dental therapy alleviation
  • Evacuation in case of emergency
  • Repatriation of mortal remains in the event of death
  • Baggage hold-up
  • Checked baggage loss
  • Passport loss
  • Delay in flight
  • Hijack
  • Burglary of a dwelling
  • Trip cancellation
  • Cancellation of trip
  • Hotel/airline bookings that have been canceled

Individual insurance may cover additional risks, depending on the traveler’s requirements. The extent to which these risks are covered is determined on the traveler’s chosen policy and plan.

Extra hazards are also covered for an additional charge. Certain risks are unique to the traveler or the destination.


Perhaps you’ve recently decided to embark on a once-in-a-lifetime adventure, or perhaps you’re looking for a brief weekend getaway.

In either case, even if you are only traveling to another province, you will almost certainly need travel insurance. Regrettably, travel insurance is one of the more difficult types of insurance to understand.

With your health and financial security at stake, it’s critical that you understand what you’re purchasing.

Fortunately, we’ve compiled this handy list of several types of travel insurance to make comparison shopping easier.

Check Also: Travelers Insurance Reviews 2023: Everything You Need To Know

Cancellation of a Trip

Vacation cancellation insurance is something you should purchase if you’re booking a trip that requires multiple pre-payments or deposits.

This is especially advantageous if you are arranging the vacation long in advance; a lot may change in only a few months!

This insurance protects you if you have made non-refundable travel arrangements and are unable to travel.

See Also: Travelers Insurance Reviews 2023 | Is It Legit Or Scam | How It Works

Trip Cancellation 

Trip interruption insurance, like trip cancellation insurance, protects you if you’ve made non-refundable deposits or pre-payments and are forced to shorten your trip.

The two types of insurance are fairly similar, with one typically taking effect before you depart on your trip and the other taking effect once you have departed.

Insurance for Medical Care

Medical insurance is precisely what it sounds like – it is intended to serve as a substitute for your provincial health insurance when you go outside of the province or country.

Medical insurance coverage options vary according to your insurance company, policy, vacation destination, and age. It’s advisable to speak with your broker about the various options available, especially if you have any pre-existing medical concerns.

Insurance for Baggage

Have you ever been stuck in a new location without your toothbrush? If you have, you are aware of how unpleasant it is.

Also, if you’re in an English-speaking region of the world, forgetting your toothbrush is a minor nuisance. If you are unable to communicate in the local language, this might quickly escalate into a significant issue.

Now imagine you’re traveling and the airline loses your checked luggage. It would be incredibly difficult to survive a whole vacation with only carry-on luggage, and without knowing where to shop or having time to be a wise, economical shopper, you can easily rack up hundreds of dollars in charges just to replace what was in your bag.

Baggage insurance compensates you for reasonable fees paid if your luggage is delayed. If your luggage is lost, damaged, or stolen, baggage insurance will typically cover the cost of replacing both the suitcase and its contents.

Insurance That Is All-Inclusive 

All-inclusive insurance is best thought of as a synthesis of the aforementioned types of travel insurance.

You’re protected if you arrange a vacation in advance and need to cancel it, if you become ill while at a resort and need to return home immediately, you’re probably insured if you end up in a Guatemalan hospital, and you’re probably covered if your airline delivers you to Cuba and your bags to Peru.

Due to the extensive coverage provided by all-inclusive insurance, it is typically the most expensive type of travel insurance.

However, if the worst-case scenario occurs, there are very few instances in which your all-inclusive insurance will not cover you. If you’re planning a once-in-a-lifetime trip or even simply some well-deserved rest and leisure, travel insurance is well worth the expense for the peace of mind!


Medical crises, trip cancellation, trip interruption, delays, medical evacuation, and lost, damaged, or stolen luggage are all covered by the majority of travel insurance policies.

Travel insurance may also cover rental-car damage, pre-existing conditions, and trip cancellation for any reason.

Let’s dissect that and examine how travel insurance can cover the three major concerns you have when traveling: you, your experiences, and your belongings (including where you stay on your trip).

Taking care of you

  • Medical Insurance for Emergencies
  • Medical Evacuation in an Emergency
  • Death & Dismemberment as a result of an accident

Protecting your property (and your stays)

  • Luggage That Has Been Lost or Stolen
  • Coverage for Rental Cars
  • Protection of Hotels/Cruise Ships

Protege tus experiencias

  • Cancellation of Trip
  • Interruption of Travel
  • Flight Cancellation/Delay in Travel
  • Supplier Insolvency


It is natural to think that when you purchase travel insurance, you are covered for all parts of your trip. Regrettably, this is seldom the case. Travelers are usually dismayed to discover that their travel insurance policy contains gaps—with restrictions that are typically specified in the fine print but are nonetheless confusing and occasionally contradictory.

The phrase “you get what you pay for” is frequently applicable here. Insurance policies that are less priced often provide less comprehensive coverage.

  • Health Emergencies (Such as Pandemics) That Begin Prior to Your Purchase
  • Expenses Associated with Pre-Existing Conditions
  • Natural Disasters That Begin Prior to Insurance Purchase
  • Expenses Associated with Mental or Emotional Disorders
  • Medical Procedures Travel
  • Obstetrics and Childbirth
  • Activities and Sports That Are Dangerous
  • Reservations that have been lost or accommodations that have been double-booked


If you’re spending hundreds or thousands of dollars on a vacation, purchasing travel insurance may make sense. Travel insurance safeguards your investment in a trip if

you are forced to cancel or shorten your journey for a variety of reasons, including inclement weather, illness, or government shutdowns. Numerous insurance also covers lost luggage and medical services incurred while traveling.

The best travel insurance policies are reasonably priced and offer adequate coverage. They should have a limited number of exclusions and limitations, as well as a high rate of client satisfaction.

Additionally, you should conduct research to ensure that the coverage covers your specific trip.


Travelex coverage begins at $28 and includes trip cancellation, trip interruption, emergency medical care, and evacuation; however, there are various ways to customize and increase coverage.

Cancellations are fully covered up to a maximum of $25,000 in value. You may be compensated for trip interruptions up to 150 percent of the trip cost, up to a maximum of $37,500. Emergency medical coverage is limited to $50,000, while emergency evacuation coverage is limited to $500,000.

Additionally, Travel Select includes a 15-day waiver of pre-existing condition exclusions. If you acquire your policy within 15 days of paying for your trip and insure the entire cost of the trip, you are likely covered for a pre-existing injury or illness.


Individuals who travel frequently throughout the year may seek annual travel insurance rather than per-trip premiums.

Allianz Travel offers four distinct annual plans, each with a distinctive set of benefits. We particularly enjoy its AllTrips Executive policy, which offers the maximum coverage and limitations.

For trip cancellation or interruption coverage, AllTrips Executive offers tiered limitations starting at $5,000. Additionally, it provides $50,000 in emergency medical coverage and $250,000 in emergency transportation coverage per insured, per trip.

There is a comprehensive list of exclusions, including extreme sports, so check the fine print carefully before participating in adventurous activities.


A quote for a family of four traveling for 14 days and spending $4,000 on aircraft and hotel expenses resulted in three proposed plans ranging in price from roughly $100 to $400 for varied levels of protection.

Included in the basic features were covering for luggage, travel delays, and medical treatment. Take note that rates will vary depending on the origin and destination of clients, as well as other variables.


Terrorist attacks, assault, medical repatriation, equipment and baggage, and international medical and dental care are all covered.

The high-end Explorer Plan includes activities such as skiing, water sports, flying, motorsports, athletics, and extreme sports. There are over 200 activities listed, and other insurers expressly forbidden several.

For the Explorer Plan, a solo 35-year-old would spend roughly $200 for a month in Thailand, depending on factors such as state of origin, which is reasonable for such comprehensive coverage.

The Standard Plan costs roughly $100 for the same trip, but if you’re concerned about something going wrong, it makes sense to choose a greater level of coverage.


Travelers who already have primary insurance receive 100 percent coverage for regular hospital expenditures, such as surgery, tests, office visits, inpatient hospital stays, and prescription prescriptions outside the United States, among other benefits.

Up to $500,000 in medical evacuation coverage is available, however trip interruption and luggage coverage are somewhat limited. The majority of individuals will choose this plan for its medical advantages, not its travel features. This coverage is only accessible to applicants who are under the age of 95.

They also offer this insurance to individuals who do not currently have health care. While some form of current coverage protects most seniors in the United States, such as Medicare. Medicare does not work outside of the country, leaving seniors uninsured while traveling.

HTH Travel Insurance offers products to those who do not currently have medical coverage. The age restriction is 74, however, there is a 180-day waiting period for pre-existing conditions.


Nationwide offers trip cancellation coverage of up to $10,000 in its Essentials Plan and up to $30,000 in its Prime Plan to safeguard your single travels.

For an additional $59 per year, travelers can purchase an annual travel insurance plan that covers delays, medical bills, medical evacuation, lost luggage, and travel support.

However, it is its custom-tailored cruise programs that have earned them a spot in this category. The Universal Cruise Plan, the Choice Cruise Plan, and the Luxury Cruise Plan make it simple to select the coverage that is best for you.

For example, the cost of a 10-day cruise to Mexico for a couple was estimated to be roughly $200 under both the Universal and Choice plans.


GeoBlue is an excellent solution if you require coverage solely for medical expenses. This insurer specializes in travel medical insurance.

Paying for medical coverage eliminates the need to pay for the remainder of your travel insurance, which may be covered already.

If you currently have a credit card that includes travel insurance, for example, lost luggage and delayed flights are likely covered under the conditions of your card. Rather than that, you are covered solely for medical expenses, which can be as low as a few dollars per day.

Because you’re primarily purchasing travel medical coverage, you’ll pay significantly less than with the majority of the other insurers on this list. Simply ensure that you fully grasp what is and is not covered.

GeoBlue’s policies include only rudimentary luggage protection and trip disruption coverage.


AIG Travel offers three types of travel insurance policies: the Annual plan, which covers any travel within a 12-month period, the Pack N’ Go plan, which covers last-minute travel, and the single-trip policy (of which there are three levels).

Single trip insurance can be purchased at the Essential, Preferred, or Deluxe levels, depending on the cost of the trip and the amount of compensation desired. If you live in New York state, though, you’ll have the option of a similar Silver, Gold, or Platinum plan, depending on your demands.


Seven Corners not only offers travel insurance for residents of the United States but also offers travel insurance with medical coverage for visitors to the United States.

Plans with up to $5 million in coverage are available, but you can also purchase travel insurance for students, group travel insurance, and annual travel insurance for regular travelers.


Generali Global Assistance offers three customizable travel insurance plans: a Standard plan, a Preferred plan, and a Premium plan.

The Standard plan offers the least coverage, while the Premium plan provides more coverage and higher limits at a higher upfront cost.


IMG Travel Insurance specializes in three broad categories of coverage: travel medical insurance, international health insurance, and regular travel insurance.

Additionally, this organization offers a GlobeHopper Senior plan for retirees aged 65 and older, as well as programs tailored to expats, students, business travelers, and government employees.

iTravelInsured Travel Lite, iTravelInsured Travel SE, and iTravelInsured Travel LX are IMG’s three primary travel insurance plans for families and business travelers.


AXA Assistance USA offers three different levels of travel insurance (Silver, Gold, and Platinum) to accommodate consumers who wish to pay more (or less) for the appropriate level of coverage.

The Gold Plan is AXA’s mid-tier option, providing 100 percent cancellation coverage, 150 percent trip interruption coverage, $200 per day for trip delays ($1,000 maximum benefit),

$1,000 for missed connections, $500,000 for emergency medical evacuation coverage, and $100,000 for accident and sickness coverage. Additionally, the Gold Plan provides $300 in luggage delay coverage and $1,500 in baggage and personal effects coverage.


Berkshire Hathaway Travel Protection enables you to select from a variety of travel insurance policies and quickly get a free online estimate.

Not only does the company offer travel insurance tailored to flights and cruises, but it also offers three different levels of coverage for your vacation: ExactCare Value, ExactCare, and ExactCare Extra.

Additionally, the company offers specialized travel plans for adventure travel, road trips, and cruises.


While TravelSafe’s Classic plan’s medical limits are lower compared to other top plans, the plan’s other coverage types have top limits.

This travel insurance policy includes trip cancellation of up to $10,000, missing connections coverage of $500, travel delay coverage of $500, and accident and sickness medical expense coverage of $35,000 (primary coverage).

Additionally, the plan includes a $100,000 emergency medical evacuation benefit.

15. CAT 70

Cat 70’s Travel Plan has excellent medical and evacuation coverage, making it well worth considering, even if the lower limits on certain other benefits are not an issue.

Basically, Cat 70 is a travel insurance firm backed by Squaremouth, a comparison site for travel insurance.

It provides a single package that may be used for both domestic and foreign travel. Cat 70’s travel policy covers all eventualities, including canceled flights, lost luggage, injuries, and illness.


Travel insurance has become a prominent issue of discussion in the aftermath of the coronavirus outbreak.

With so much uncertainty surrounding travel, travel insurance has become a primary consideration when making preparations.


Why should I get travel insurance?

While comprehensive coverage is more pricey, it could come in handy if your trip is canceled or interrupted. Or, if your baggage is lost, stolen or damaged, your travel insurance can provide reimbursement.

What should I look out for with travel insurance coverage?

Many travelers are opting to purchase additional insurance to cover trip cancellation or interruption resulting from COVID-19. You’ll want to make sure you purchase a policy that allows you to “cancel for any reason,” which will include reasons due to the ongoing pandemic.

What if I have a chronic disease?

If you have a chronic illness, you’ll want to make sure that it’s covered under your travel insurance.

Can travel insurance cover accidents or injuries?

Suppose you’re partaking in a high-intensity sport like skiing or scuba diving, or something fun but risky like hot air ballooning. In that case, you’ll want to make sure that your travel insurance will cover accidents or injuries resulting from these kinds of activities.

Are there apps to file claims after a trigger event?

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


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