How To Find Best Travel Insurance Company: Top Travel Insurance

Are you planning to travel? Do you have challenges shopping for the best travel insurance company? You don’t have to worry. Here’s what you need to know to get started when finding the best travel insurance companies. Tontimes has compiled tips on how to find the best travel insurance companies to protect you while you enjoy your travel.

There has never been a better time to include travel insurance in your trip plans, especially with the possibility of flight cancellations, delays, and Covid. Whether you’re planning a long-awaited vacation or a last-minute getaway, travel insurance can save you money, time, and frustration if something goes wrong.

We looked at different plans to find the best travel insurance company for you.

What Is Travel Insurance?

Travel insurance can help cover the costs of unexpected events such as trip cancellations, delays, and medical care.

Travel insurance is becoming increasingly important as people plan future trips during this uncertain period. So, what exactly is travel insurance? The short answer is that travel insurance, which comes in a variety of forms, provides specific coverage for unexpected events that occur during a trip. It can be purchased outright or as a perk with certain travel credit cards.

Whether you’d like to know more about what type of travel insurance policy to get or are just new to the concept of travel insurance, we’ll walk you through what travel insurance is and the basic coverage options, including trip cancellation, trip interruption, travel medical insurance and cancel-for-any-reason coverage.

More so, the best travel insurance company and top travel insurance are discussed in detail here. Just relax and read through.

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How to get travel insurance

When it comes to travel insurance, you’ll be relieved to know that some aspects of your trip may already be covered. For example, if you book a trip with your credit card, you may already have trip cancellation and interruption coverage depending on the card you use.

When deciding on the level of coverage you require, consider what you already have with your credit card. Then, determine what additional coverage you require. Travel medical insurance is typically not included with credit cards, so if you want more comprehensive coverage, it makes sense to purchase a general trip insurance policy.

Below are four options for obtaining travel insurance, along with the benefits and drawbacks of each.

1. Credit Cards

If you use the card to book the trip or car, some credit cards provide trip cancellation and rental car insurance.

Pros: The coverage is free.

Cons: You cannot tailor the insurance to your specific needs. Most credit cards provide secondary car rental insurance, which covers costs not covered by your primary car insurance policy.

2. Travel Insurance Companies

Travel insurance can be purchased directly from an insurance provider.

Pros: You can select a policy that best suits your needs. Many travel insurance websites also provide information to assist you in understanding the coverage.

Cons: Comparing coverage and pricing will require you to visit multiple websites.

3. Travel Agents and Travel Reservation Sites

When you book your flight, hotel, and car rental, you can purchase travel insurance.

Pros: Buying is as simple as clicking “yes” when making reservations. Coverage is reasonably priced.

Cons: The coverage cannot be customized.

4. Travel Insurance Comparison Sites

Based on the trip search criteria you’ve entered into the search form, you can compare different policies and review quotes all at once.

Advantages: You can select a policy that meets your needs and compare policies and pricing all in one place.

Disadvantages: It takes time to compare multiple policies.

Finding the Best Travel Insurance Companies

Booking travel always involves some level of risk. Travel insurance provides a safety net, allowing you to venture out with confidence. Insurance is intended to cover large financial risks that you do not want to bear on your own. Travel insurance may not be necessary for inexpensive trips, but it can provide peace of mind when you prepay for expensive reservations, a large international trip, or travel during the COVID era, which can be unpredictable.

According to insurance comparison site SquareMouth, for the 12-month period ending April 2021, travelers spent an average of $234 on travel insurance for trips ranging from two to three weeks, representing just over 6% of the average trip cost.

There are numerous policies available, and choosing the best one for you is dependent on your specific circumstances. Follow along as we examine the most common travel insurance requirements, determine what factors influence the cost, present various travel insurance products, and demonstrate how to get covered.

What Best Travel Insurance Covers: Best Travel Insurance Company

Here are what travel insurance covers. The chart below will help you determine what to look for when selecting a policy based on the type of coverage you’re looking for:

S/No.	If You Want:	Include this in your travel insurance policy:
1	Payment of medical expenses if you get sick or injured on a trip and need emergency care that’s not covered by your regular health insurance plan.	Travel medical plan
2	To be taken to the nearest hospital or flown home if necessary when you’re injured or you get sick on a trip.	Emergency evacuation and repatriation
3	Reimbursement of nonrefundable reservations if you get sick and have to cancel or end a trip early; reimbursement if you incur extra costs (e.g., lodging) due to a delay by the airline or other carrier.	Trip cancellation, interruption, and delay
4	Reimbursement of nonrefundable reservations no matter why you cancel a trip.	“Cancel for any reason” coverage
5	Payment for lost, stolen, or damaged baggage.	Baggage and personal belongings
6	Help to find a lawyer abroad.	24-hour assistance services
7	Payment for rental car damage.	Car rental collision insurance

Travel insurance, depending on the policy, either reimburses you or provides services when something goes wrong. There’s even coverage for the worst-case scenario: For instance, if you die while traveling. In that case, accidental death coverage pays your beneficiary a lump sum.

However, before you buy, spend some time learning about the various types of travel insurance products, how they are priced, and what they cover and exclude. If you’re traveling during these uncertain times, make sure your insurance policy covers coronavirus-related emergencies. Generally, the more comprehensive the coverage, the higher the cost.

Factors That Influence the Cost of Travel Insurance

According to SquareMouth, a comprehensive travel insurance plan averaged 5.9% (domestic trip) and 6.6% (international trip) of the cost of a trip for the 12-month period ending April 2021. In general, the cost will vary depending on:

• The length and cost of the trip: The higher the policy cost, the longer and more expensive the trip.
• Local healthcare costs: High healthcare costs in your destination can raise the cost of trip insurance.
• You want the following medical conditions covered: Existing medical conditions will raise the cost of travel insurance coverage.
• Coverage amount and breadth: The more risks a policy covers, the more it will cost.
• Your age: In general, the higher the price, the older you are.
• Any additional coverage you add to your policy: Cancel for any reason, Interrupt for any reason, and other options are available.

When weighing different travel insurance options, keep these considerations in mind.

Different Types of Travel Insurance

When shopping for a policy, you’ll come across a diverse range of travel protection plans. Travel insurance is typically sold as a package, known as a comprehensive plan, that includes a variety of coverage.

Some insurers and comparison sites allow you to customize a policy by selecting different types of coverage. TravelInsurance.com, for example, is a comparison site that offers quotes from various providers.

Here are the eight (8) most common types of travel insurance coverage:

1. Travel medical insurance

These plans cover you for medical expenses while you are away from home. Although these policies function in some ways like traditional health plans, you should not use travel health insurance for routine medical events. A routine medical checkup, for example, is usually not covered. Furthermore, these policies frequently include coverage limitations and exclusions for pre-existing conditions.

Although most travel insurance policies cover a wide range of recreational activities, such as skiing and horseback riding, they frequently exclude adventure sports, such as skydiving or parasailing, as well as participation in organized sporting events. You may need to purchase a travel policy designed specifically for adventure or competitive sports.

International travel insurance

Most likely, your U.S.-based medical insurance will not cover you while traveling internationally, and Medicare does not cover you once you leave the country, with the exception of a few very specific exceptions. If you intend to travel abroad, purchasing travel medical insurance may be a good idea.

2. Baggage and Personal Belongings

What is the procedure for lost luggage insurance? This coverage reimburses you for lost, stolen, or damaged luggage and personal belongings during your trip. Some plans will also reimburse you for additional expenses if your baggage is delayed for more than a certain amount of time, such as 12 hours.

Personal belongings may be covered by your renters or homeowners insurance while you are away. It’s best to go over your homeowners’ insurance policy to see what level of coverage it offers so you don’t end up paying for something you already have.

3. Trip Cancellation, Interruption, and Delay

Trip cancellation coverage reimburses you for prepaid, nonrefundable expenses if the tour operator goes out of business or you have to cancel the trip for one of the covered reasons listed in the policy, such as:

• Your own illness.
• The illness or death of a family member who is not traveling with you.
• Natural disasters

Trip interruption insurance covers the nonrefundable cost of the unused portion of the trip if it is interrupted for a reason specified in the policy.

If you are delayed during a trip, trip delay coverage will reimburse you for expenses such as lodging and meals (e.g., your flight gets canceled due to weather).

Many policy packages cover all three.

According to the Insurance Information Institute, these policies differ from the cancellation waivers offered by cruise lines and tour operators. Waivers are inexpensive, ranging between $40 and $60, and frequently include restrictions. According to the institute, for example, waivers may not refund your money if you cancel immediately before departure. Waivers are not insurance policies in and of themselves.

Some companies charge a fee for additional layers of coverage. “Cancel For Any Reason” coverage will reimburse a portion of the trip cost regardless of why you cancel. Furthermore, some companies allow you to pay an additional fee to cover pre-existing conditions if you cancel for medical reasons.

4. 24-hour assistance

This service is included in many package plans. When you need assistance, such as booking a flight after missing a connection, locating lost luggage, or locating a doctor or lawyer, you can call the insurer’s 24-hour hotline.

Most travel insurance policies cover a wide range of services, but the specifics vary. Concierge services, such as restaurant recommendations and tee time reservations, are included in some plans. Many services also provide pre-trip information, such as required vaccinations. The only way to find out what is covered is to read the policy.

Tips: Sports and other risky activities are generally not covered by travel insurance companies. However, if you want to include adventurous activities in your vacation, select a plan that includes adventure sports coverage.

5. Emergency Medical Assistance, Evacuation, and Repatriation

This coverage pays for medical expenses if you become ill or injured while traveling. Medical evacuation coverage will transport you to the nearest hospital, while medical repatriation will fly you back to your home country.

6. Accidental Death and Dismemberment Insurance

If you die in an accident while on the trip, this coverage will pay a lump sum to your beneficiary, who could be a family member. Accidental death and dismemberment policies will also pay you a portion of the sum if you lose a hand, foot, limb, eyesight, speech, or hearing. Some policies only cover accidental death in a plane.

7. Rental Car Insurance/Coverage

Rental car insurance covers the cost of repairing your rental car if it is damaged in a collision, vandalism, or a natural disaster. The coverage excludes liability insurance, which pays for damage to other vehicles or medical treatment for others if you cause an accident and are found to be at fault.

Inquire with your car insurance company about whether your policy covers you when renting cars on your trip. Except for Canada, most car insurance policies in the United States do not cover you when driving in other countries.

Car insurance requirements are complicated because they differ from country to country. The rental car company will usually offer liability insurance. Learn about car insurance requirements by searching the U.S. Embassy website for auto insurance by country.

8. “Cancel for any reason” coverage

Your bags may be taking a detour, but what do you do while you wait? This insurance pays for necessities while you wait for your luggage. For example, if you’re visiting Canada, you might need a coat, a hat, and some toiletries. Policies typically require a time delay, such as six hours, before baggage delay coverage kicks in.

The Best Travel Insurance Companies

Here are the 10 best travel insurance companies you can trust with your travel protections:

1. AXA Assistance USA

This travel insurance company is best for baggage and personal effects coverage. So, if you’re looking for top-tier protection, AXA’s Platinum plan hits all the high points for coverage.

Pros

• Medical and evacuation allowances are generous.
• The”Cancel for any reason” upgrade is now available.
• Excellent baggage loss coverage of $3,000 per person
• Missed connection coverage of $1,500 per person (but for cruises and tours only)
• Covers lost ski days, lost golf rounds, and sports equipment rental.
• Concierge services include restaurant and hotel referrals and reservations, luxury rental arrangements such as villas and charter planes, golf course information, and more.
• It covers Covid

Cons

Only after a 12-hour delay does travel delay and baggage coverage kick in.

2. Cat 70

Cat 70 is great for hurricane and weather coverage. Its Travel Plan has excellent medical and evacuation coverage, making it worth considering, especially if the lower limits on certain other benefits aren’t an issue.

Pros	Cons
Superior medical coverage of $500,000.	Travel delay and baggage loss coverage are both on the low side at $500 per person.
“Cancel for any reason” upgrade is available.	Baggage delay coverage requires a 24-hour delay and has a low $200 per person limit.
Good hurricane and weather coverage.	No rental car coverage is available.

3. HTH Worldwide

This travel insurance company is great for medical coverage during travel. HTH’s TripProtector Preferred Plan provides luxury-level benefits at an affordable price.

Pros

• Excellent limits for medical expenses and evacuation.
• Upgrade to “Cancel for any reason” is now available.
• Trip interruption coverage of 200% of trip cost is excellent.
• After a 6-hour delay, very good travel delay coverage of $2,000 per person.
• A generous baggage loss coverage limit of $2,000 per person is provided.

Cons

• Baggage delay coverage requires a 12-hour wait.

4. GoReady (formerly April)

While the medical coverage isn’t as extensive as some other top plans, the low average prices for GoReady’s Pandemic Plus Plan make it worthwhile to consider if the medical benefit level is appropriate for you.

Pros

• The “Cancel for any reason” upgrade is now available.
• Good hurricane and weather coverage.
• A generous baggage loss reimbursement of $2,500 per person is provided.
• Sports equipment loss is covered by baggage coverage.
• Superior pricing for the benefits included.
• After a 14-day waiting period, this insurance covers a travel supplier’s financial default.

Cons

• A $50,000 medical expense coverage is relatively low, but it may be sufficient for you.
• Has a low medical deductible of $50 per occurrence, as opposed to no deductible for the majority of other plans.
• There is no rental car coverage available.

5. Nationwide

Nationwide travel insurance is great for trip interruption coverage. While $150,000 in coverage for an accident or illness isn’t exceptional, this plan provides a slew of other excellent benefits at an affordable price.

Pros

• Maximum medical evacuation coverage.
• Upgrade to “Cancel for any reason” is now available.
• Trip interruption coverage of up to 200% of trip cost.
• After a 6-hour delay, good travel delay coverage of $1,500 per person is provided.
• Baggage loss coverage of $2,000 per person is excellent.
• Excellent value for the level of benefits included.

Cons

• Medical coverage is less extensive than in most other top plans, but it may be adequate for your needs.
• A 12-hour delay is required for baggage delay coverage.

6. John Hancock Insurance Agency

This is best for AD&D coverage. Although John Hancock’s Gold plan provides superior coverage, it also has a high average price. Similarly, John Hancock’s Silver plan has slightly lower coverage levels, but it is still worth considering due to its solid benefits.

Pros

• Excellent medical evacuation benefits.
• Upgrade to “Cancel for any reason” is now available.
• After only a 3-hour delay, travel delay benefits kick in.
• A generous baggage loss coverage of $2,500 per person is provided.
• Excellent coverage of hurricanes and weather.
• Coverage for sports equipment loss is included.
• Includes $100,000 in 24-hour accidental death and dismemberment (AD&D) coverage per person.

Cons

• The most expensive of the plans we looked at, but you get superior benefits.
• Baggage delay benefits necessitate a 12-hour wait.

7. Tin Leg

This best travel insurance company is best for price. Tin Leg’s Gold plan has a very competitive average price for the extensive benefits it offers. If you want to do adventure activities, check out the Tin Leg Adventure plan.

Pros

• Excellent medical and evacuation coverage limits.
• The “Cancel for any reason” upgrade is now available.
• Good hurricane and weather coverage.
• Sports equipment loss is covered.
• Competitively priced.

Cons

• Baggage delay coverage does not begin until 24 hours have passed.
• Baggage loss reimbursement is limited to $500 per person.
• There is no option for rental car insurance.

8. AIG Travel

Best for packages of extras. Although the average price is high, the Travel Guard Deluxe plan can provide solid protection for many potential travel problems. Optional bundles for adventure travel, pets, and destination weddings are available with the plan.

Pros

• Includes up to $100,000 in security evacuation coverage for problems such as political events and natural disasters at your destination.
• A generous $1 million in medical evacuation coverage.
• Includes benefits for travel inconveniences such as closed attractions, cruise diversions, hotel infestations, and much more.
• A generous $2,500 baggage loss coverage.
• Concierge services are available to assist with restaurant reservations, tee times, floral arrangements, and other requests.

Cons

• The “cancel for any reason” upgrade is available, but for only 50% of the trip cost, compared to 75% for most competitors.
• Medical coverage of $100,000 is less than that of top competitors, but it may be adequate for your needs.
• The plan has a high average price but is loaded with extras.

9. Seven Corners

The seven corners travel insurance company is the best value for superior coverage. Its RoundTrip Choice plan provides superior benefits across the board.

Pros

• Upgrade to “Cancel for any reason” is now available.
• $2,000 in superior travel delay coverage per person.
• Limits on superior medical expenses and medical evacuation coverage.
• A 6-hour delay is all that is required for $500 in baggage delay coverage per person.
• A generous baggage loss coverage of $2,500 per person is provided.
• Excellent hurricane and weather coverage.
• Coverage for sports equipment loss is included.
• Includes $20,000 for non-medical evacuation, which includes coverage to get you to a safe location or back home if the US State Department issues a Travel Advisory or Travel Warning advising you to leave the country due to civil, military, or political unrest.

Cons

• With its consistently high benefits, this plan has no drawbacks in any of the categories we evaluated.

10. TravelSafe

Best for missed connection coverage. However, while its medical expenses coverage is limited in comparison to other top plans, TravelSafe’s Classic plan has generous limits for other coverage types.

Pros

• Superior medical evacuation coverage of $1 million.
• Upgrade to “Cancel for any reason” is now available.
• Maximum baggage loss coverage of $2,500 per person.
• After a 3-hour delay, excellent missed connection coverage of $2,500 per person.
• Excellent hurricane and weather coverage.

Cons

• When compared to top competitors, $100,000 in medical benefits is on the low side, but it may be sufficient for your needs.
• After a 12-hour delay, baggage delay coverage is only $250 per person.

How to Choose the Right/Best Travel Insurance Policy

Here are some key factors to consider when selecting a travel insurance plan that will meet your needs.

1. Where you’re going:

If you’re traveling outside of the United States, you’ll need travel medical insurance because your U.S. health plan may provide little to no coverage. Whether you’re going on a domestic trip, you probably don’t need it, or you might want to buy low coverage amounts as a backup.

If you’re planning an international trip, emergency medical evacuation coverage is essential, especially if you’ll be visiting a remote area with limited medical facilities.

2. How are you getting there?

Weather, mechanical issues with airplanes, and a variety of other unforeseen circumstances can all derail travel plans. If you’re concerned about having to pay extra money for costs incurred as a result of a delay, you should look for a plan that includes a generous amount of travel delay insurance.

3. What you’re doing:

It is especially important to have trip cancellation coverage if you have a lot of prepaid, non-refundable deposits for activities, lodging, and tours. This is also true for trip interruption insurance.

Extreme sports and adventure excursions are frequently excluded, so travelers should consider purchasing a plan that covers these activities.

4. Concerns regarding Covid and its variants:

If Covid is a travel concern for you, look for a travel insurance plan that covers cancellations and medical costs related to Covid. The best Covid travel insurance plans will also include coverage for “cancel for any reason.”

5. How much flexibility do you want:

If you want to cancel a trip for any reason, choose the “cancel for any reason” upgrade. Generally, you must purchase it within a few weeks of making your first deposit. Similarly, you can purchase an “interruption for any reason” upgrade, which allows you to cancel a trip and return home for any reason.

These upgrades are especially beneficial for travelers who have made substantial prepaid, non-refundable deposits.

Top Travel Destinations in 2022/2023

Americans are getting ready to travel abroad in October: According to Squaremouth data, 83% of travel insurance purchases for trips Oct. 1–31, 2022, are for international trips.

Mexico is the most popular international travel destination in October, edging out Italy, which was the most popular in September.

In October, the average cost of a trip outside the United States is $4,428. In October, the average cost of a domestic trip is slightly lower ($4,353).

For trips in October, international travelers paid an average of $201 for travel insurance, while domestic travelers paid an average of $194.

Which Travel Insurance is Best? Top Companies

If you already have an insurer in mind, or if you’d like to learn more about some of the best travel insurance companies, check out our top ten list below. These providers have you covered if you need international travel insurance, emergency medical care, COVID coverage, or a policy that includes extreme sports.

Our full analysis, as well as additional information about each organization (best travel insurance company), can be found here: The top travel insurance right now is as follows: