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Best Travel Insurance Companies:
Travel insurance is a type of insurance that covers the costs and losses associated with traveling. It is valuable protection for those traveling domestically or abroad.
According to a 2021 survey by insurance company Battleface, almost half of Americans have faced fees or had to absorb the cost of losses when traveling without travel insurance.
Thirty-six percent of Americans say they’re more likely to purchase travel insurance for trips abroad following the COVID-19 pandemic while 34% said they’re more likely to do so for domestic trips.
Best Travel Insurance Companies
1. AXA Assistance USA
AXA’s Platinum plan hits all the high points for coverage you’ll want if you’re looking for top-notch protection.
Pros
- Generous medical and evacuation limits.
- “Cancel for any reason” upgrade is available.
- Top-notch baggage loss coverage of $3,000 per person
- Generous missed connection coverage of $1,500 per person (but for cruises and tours only)
- It covers lost ski days, lost golf rounds, and sports equipment rental.
- Includes concierge services such as restaurant and hotel referrals and reservations, luxury rental arrangements such as villas and charter planes, golf course information, and more.
Cons
- Travel delay and baggage coverage kicks in only after 12-hour delays
2. Cat 70
Cat 70’s Travel Plan has great medical and evacuation coverage that makes it worth a look, especially if the lower limits on certain other benefits don’t bother you.
Pros
- Superior medical coverage of $500,000.
- “Cancel for any reason” upgrade is available.
- Good hurricane and weather coverage.
Cons
- Travel delay and baggage loss coverage are both on the low side at $500 per person.
- Baggage delay coverage requires a 24-hour delay and has a low $200 per person limit.
- No rental car coverage is available.
3. GoReady (formerly April)
While the medical coverage isn’t as robust as some other top plans, the low average prices for GoReady’s Pandemic Plus Plan make it worth considering if the medical benefit level works for you.
Pros
- “Cancel for any reason” upgrade is available.
- Generous baggage loss reimbursement of $2,500 per person.
- Good hurricane and weather coverage.
- Covers the financial default of a travel supplier after a 14-day waiting period.
- Sports equipment loss is included in baggage coverage.
- Superior pricing for the benefits included.
Cons
- Medical expenses coverage of $50,000 is relatively low but may be sufficient for you.
- Has a small medical deductible of $50 per occurrence compared to no deductible for most other plans
- No rental car coverage is available.
4. HTH Worldwide
HTH’s TripProtector Preferred Plan has luxury-level benefits at a good price.
Pros
- Top-notch coverage limits for medical expenses and evacuation.
- “Cancel for any reason” upgrade is available.
- Excellent trip interruption coverage of 200% of the trip cost.
- Very good travel delay coverage of $2,000 per person after a 6-hour delay.
- Excellent baggage loss coverage limit of $2,000 per person.
Cons
- Baggage delay coverage requires a 12-hour delay.
5. John Hancock Insurance Agency
John Hancock’s Gold plan has superior coverage but it also comes with a high average price.
John Hancock’s Silver plan has somewhat lower coverage levels but still deserves consideration because of its solid benefits.
Pros
- Top-notch medical evacuation benefits.
- “Cancel for any reason” upgrade is available.
- Travel delay benefits kick in after only a 3-hour delay.
- Generous baggage loss coverage of $2,500 per person.
- Excellent hurricane and weather coverage.
- Includes coverage for sports equipment loss.
- Includes $100,000 per person in 24-hour accidental death and dismemberment (AD&D) coverage
Cons
- Pricey among the plans we analyzed but you buy superior benefits.
- Baggage delay benefits require a 12-hour delay.
