If you are looking at taking a vacation, then you might want to consider taking out a travel insurance policy. Like most types of insurance, searching for the right policy for you can feel a bit overwhelming by the number of policies and travel insurance companies you can choose from.
Not only this, but each company offers their own take on several different policies, making your choice all the more confusing. As already stated, there are a number of insurance companies offering travel insurance. While there are some industry leaders when it comes to travel insurance, it can be hard to find the best company for you and what you might be looking to get out of your plan.
Most travel insurance policies can be extremely personal, so you should find the company that is the best fit for you, your travel style, wants, needs, and your budget. Like most things, it’s definitely recommended that you shop around and get quotes from plenty of different companies to find the one that will offer you everything you want at the price you can afford.
Best Travel insurance
- Allianz Global Assistance
- World Nomads
- AXA Assistance USA
- Generali Global Assistance
- Atlas Group Travel Insurance
- Seven Corners
Travelex is definitely one of the most experienced travel insurance companies on this list and also on the market today. They specialize in offering customizable travel insurance plans, so you can fit your perfect fit with your travel plans and budget for your insurance policy. Travelex offers two popular plans: their Travel Basic and their Travel Select.
If you decide to go with the Travel Basic plan, you can expect all of your basic traveling needs to be met. Things like emergency medical and dental, trip cancellation or travel delay benefits, even things like cancellation for business reasons, medical evacuation, and many other things as well. There isn’t as much customization on the Travel Basic plan though, so if you’re looking for something more personalized then you might want to look into the Travel Select plan.
If you decide to you with the Travel Select, you can cover all of your basic needs to be met like with the Travel Basic plan, but you can also fully customize it and tailor it to exactly what you’re looking for.
Travelex does offer some other plans, such as business travel insurance, rental car insurance, and flight insurance. Another nice perk is that kids under 17 are included on your insurance at no extra cost to you. They also offer cancellation for any reason as a part of your coverage, which can really save you some money and give you peace of mind.
Allianz Global Assistance
Allianz Global Assistance isn’t the oldest travel insurance agency on this list, but they are known as being one of the best travel insurance providers on the market. They offer single journey plans and also annual plans for those who travel on a more regular basis. If you travel frequently in your job, for example, the annual plan offered by Allianz Global Assistance is something you should look into.
The plans offered by Allianz Global Assistance start with very basic insurance policies that cover just the basics like emergency medical and dental. From there, the policies offered go all the way to their premium level, which includes many more benefits and also covers most reasons for cancellation. They can also include rental car theft and collision coverage.
Their travel insurance policies include trip cancellation, emergency medical coverage for illnesses or injury, lost/damaged luggage coverage, and even rental car insurance. A nice perk worth mentioning with Allianz Global Assistance is that they also offer a 24/7 hotline that offers assistance and concierge services to help you as you’re on your trip.
World Nomads is an insurance company that is most suited for people who like to adventure. Their plans can cover over 200 different activities. Things like sports, water, snow, land, and air activities like hiking, skiing, and even cover things like bungee jumping.
Their travel insurance plans also can help you cover everything from your luggage, tech, and gear, which also covers them for damage and theft. World Nomads also offer help for terrorist attack victims and victims of any type of assault while they are on their trip. They can also give you the option to prolong your policy if you decide to extend your trip.
AXA Assistance USA
AXA Assistance is another travel insurance company that has been known to provide a high-quality service at affordable prices to their buyers. Their plans include emergency medical care and assistance, travel security, and other benefits like trip cancellation, luggage insurance, and tips and alerts during your entire trip.
A great perk that really sets AXA Assistance apart from other insurance providers by also offering an emergency cash assistance program in case you run into a jam during your trip. AXA Assistance even offers services that will tend to your pets while you’re away.
RoamRight offers many different travel insurance plans that can cover both single and multi-journey plans. RoamRight’s more popular plans are the Essential, Preferred, and Elite plans. Each of these offer a different level of coverage, so make sure to do your homework on each one.
The Elite plan is the one with the most coverage and highest limits in terms of what they’ll cover. This plan would be more ideal for active travelers since the Elite plan covers many different activities and extreme sports, such as skydiving and bungee jumping. The Preferred plan also has an add on that allows you to cancel your trip for any reason, even if that reason is that you have no reason at all.
Any claim that you might need to file can be done through their fast paperless claim system, so if anything were to happen you can get taken care of immediately.
Generali Global Assistance
Generali Global Assistance offers their customers three travel insurance plans. They are called Standard, Preferred, and Premium. Their Standard plan covers cancellation fees, emergency medical and dental, any baggage delay, and other basic coverage that you would expect to see on a Standard plan.
If you want more coverage out of your plan, you should look into their Preferred and Premium plans. These plans can cover things from sporting equipment coverage to preexisting medical condition coverage. They can even cover cancellation without reason.
All of their plans include any type of identity theft resolution, and during your trip you can have a call with licensed doctors for a consultation if you think something is wrong with you.
Atlas Group Travel Insurance
Atlas Group Travel Insurance is a great choice for flexibility, as they offer travel insurance for those who want to pick and choose what specific coverage they’ll get. This really works for Atlas Group buyers since their list of coverage available is extensive. For example, you can choose coverage for things such as medical expenses, emergency dental, pregnancy complications, political evacuation of any kind, and even coverage and assistance in case of kidnapping or a terrorist attack.
Atlas also has high payout limits, so you can set your coverage higher than most of the other travel insurance companies on the market. Along to go with their flexible deductibles, Atlas can also help with lost documents and emergency cash.
Seven Corners made the cut for this list because they can let you customize your travel insurance, so it fits your needs perfectly. Seven Corners offer high levels of coverage in areas where travelers may feel the most vulnerable. As an example, Seven Corners allows you to purchase a plan with up to $5 million in coverage for international medical expenses, which is so much higher than many other major providers.
If you live outside of the US, you can also buy health insurance to cover yourself in the event you have any medical expense while you’re in the US. You can also renew this coverage for up to three years.
Seven Corners offers individual travel insurance plans, but they also offer what they call the Wander Frequent Traveler plan. This plan will cover all trips that you take during the year, and the coverage comes with up to $1 million in medical coverage, trip interruption, baggage delay, and even terrorism coverage. So, if you’re planning on traveling a lot in the near future, this plan might be a great way to know you’re covered the entire time.
Travel Insurance Questions & FAQs
What are the Main Travel Insurance Policies?
Typically, policies will start at a more basic level with less coverage and expand to their more premium plans where you can choose the right coverage for you and your budget. Some companies will also offer you more flexible policies where you can tailor your policy to your specific wants, needs, and budget.
Travel insurance policy can include many different coverage, all of which should be listed in the policy document. The coverage can include anything from trip cancellation, medical coverage, and luggage/belongings coverage in the event your items get lost or stolen.
Why is it Important to Have Travel Insurance?
This is a recurring question that gets asked constantly, which is unsurprising. If you’re trying to manage your money as best as possible, or even save money on your trip, travel insurance can become one of those things that goes from being a must have for your trip to a luxury that you don’t necessarily need.
However, there are many reasons why having travel insurance really shouldn’t be optional if you care about your medical and financial well-being. Making sure you’re covered for things like cancellation protection in the event that you need to cancel your trip last minute can be live saving and saving you plenty of money in the process. Other types of emergency medical and dental coverage can also literally be lifesaving if you fall ill or get injured while you’re traveling, and not to mention can protect you from extremely high medical bills.
What Does Travel Insurance Cost Depend On?
Like most insurances, this question can only be answered by also answering a number of other questions along the way. There are many things that can influence the price of your travel insurance. Your age can be a big one, since the younger you are you are typically seen as less of a liability than if you’re older. Another big factor is the cost and duration of your trip. The longer and more expensive the trip is, the more you can expect to pay in travel insurance. Some destinations can also cost more than others if the cost of living and medical care is higher than your home country.
Any preexisting medical conditions can also determine how much you will pay for your coverage, just like with other types of insurance. The final thing that can play a factor into your cost is which type of plan you select through your provider. If you go for a more basic plan, you can expect to pay less than other plans that are considered to be more premium plans.
Which is the Best Travel Insurance for the USA?
Now that you know some of the best travel insurance providers on the market, you might be wondering which is the best option for the United States specifically. Choosing the best travel insurance provider in the United States can be an extremely personal matter since each trip you’ll take is going to be different from the last. Not to mention there are also many other factors that will be taken into account.
With this being said, World Nomads has been consistently rated as one of the best travel insurance providers by travelers. It isn’t surprising since their coverage covered such a wide variety of options, and you can pick and choose what you’ll need for your trip without paying any extra.
World Nomads is also the best choice for active travelers that are planning to do some more extreme sports during their trip. Their plans cover things such as skiing and other winter sports, as well as many other sports and activities.
Travel insurance might not always be at the top of your travel to-do list, but it is something that you should get taken care of before you depart for your trip. It can provide peace of mind, and really help you or your loved ones out in a tricky situation. You should definitely do your homework on different travel insurance providers to figure out which one gives you the most of what you want. If you’re looking for more basic coverage, then make sure to select a lower level plan. But if you’re looking for more customization and selection, then chances are you’re going to have to find a more premium plan that will cost you more money.
Just keep in mind with travel insurance that you get what you pay for. So even if you’re paying more for a more in-depth plan, you will be covered more in the event of needing your insurance to help you out.