With fall here and winter fast approaching, you may be looking at how to squeeze the last travel fun out of 2021. Having travel insurance is a smart way to guard against the unexpected when you’ve put down a lot of money for a great trip. To find the best travel insurance companies, we scored 12 essential benefits in 41 travel insurance plans and used each company’s top-scoring plan in our ratings.
Our analysis included each plan’s coverage for Covid-19; coverage for medical expenses and emergency medical evacuation; benefit levels for baggage, trip delays and cancellations; and the option to cancel for any reason.
The Best Travel Insurance Companies
- HTH Worldwide
John Hancock Insurance Agency
- Seven Corners
USI Affinity Travel Insurance Services
- AIG TRAVELS
AXA Assistance USA
Generali Global Assistance
What Does Travel Insurance Cover?
Travel insurance policies can package together a number of valuable benefits. Work with a travel insurance agent, who can help you identify the coverage types you need and price shop the available options for you.
Look for these top coverage options.
Trip cancellation insurance
You don’t book a trip with the intention of canceling it, but unexpected illness, injury, family member sickness, jury duty and more could derail plans. Trip cancellation insurance reimburses you 100% for money you lose in pre-paid, non-refundable deposits if you have to cancel for a reason listed in the policy.
If Covid is a concern, you can find travel insurance policies that cover Covid-related trip cancellation if you contract the virus right before the trip.
Travel medical insurance
This is important coverage for travelers going abroad, where your U.S. health plan may have limited or no coverage. Travel medical insurance pays for ambulance service, doctor and hospital bills and other medical expenses during your trip. You can find generous coverage limits of $500,000 per person.
Because Medicare does not pay for health care outside the U.S., travel medical insurance is essential for senior travelers.
If Covid is a concern, you can find travel insurance policies that cover Covid-related medical expenses if you contract the virus during your trip.
Emergency medical evacuation coverage
This is also important coverage for those traveling abroad, especially to more remote areas where quality medical care might be hard to find. Emergency medical evacuation insurance pays to get you to the nearest adequate medical facility. You can find ample coverage of $1 million per person.
Other coverage to consider
Additional benefits you may want to include in a comprehensive travel insurance plan:
- Travel delay
- Trip interruption
- Baggage and personal effects
- Missed connections
- “Cancel for any reason” trip cancellation upgrade
To come up with this list of the top travel insurance providers, we looked at more than 30 different travel insurance companies and plans. Major areas of focus included coverage options, claim and policy limits, what’s covered, and typical insurance policy costs.
The biggest focus was on insurance coverage limits and what each policy covers. Cost is important, but a difference of $20 for much better coverage is often negligible. The most important features examined in this review are the ones that make your policy valuable and easy to use if you ever need it.