Top Travel Insurance Companies
**1. World Nomads
Overview:
World Nomads is a popular choice for backpackers and adventure travelers due to its extensive coverage for a variety of activities.
- Key Features:
- Adventure Sports Coverage: Covers activities like scuba diving, skiing, bungee jumping, and more.
- Medical Coverage: Provides emergency medical and dental coverage.
- Trip Cancellation/Interruption: Covers non-refundable expenses if you need to cancel or interrupt your trip due to covered reasons.
- 24/7 Assistance: Access to emergency assistance services worldwide.
- Flexible Policies: Allows you to extend coverage while traveling.
- Best For: Adventure travelers, backpackers, and those looking for flexible coverage options.
- Cons:
- Limited in Some Regions: Some limitations in coverage for older travelers or specific countries.
- Higher Premiums: Can be more expensive for comprehensive coverage.
- Sample Plan Cost: Approximately $75-$150 for a two-week trip to Europe for a 30-year-old traveler.
- Website: World Nomads
2. Allianz Global Assistance
Overview:
Allianz Global Assistance is one of the largest and most reputable travel insurance providers, offering a wide range of plans suitable for different types of travelers.
- Key Features:
- Comprehensive Coverage: Includes trip cancellation, interruption, medical emergencies, and baggage protection.
- Annual Plans: Options for frequent travelers who take multiple trips per year.
- Emergency Medical Transportation: Coverage for medical evacuation to the nearest appropriate facility.
- Rental Car Damage: Optional coverage for rental car collision and damage.
- 24/7 Assistance: Global assistance for emergencies and travel support.
- Best For: Frequent travelers, families, and those seeking comprehensive coverage.
- Cons:
- Specific Exclusions: Some activities and pre-existing conditions may not be covered.
- Complex Policy Details: Can have complex terms and conditions requiring careful review.
- Sample Plan Cost: Approximately $100-$200 for a two-week trip to Asia for a 35-year-old traveler.
- Website: Allianz Global Assistance
**3. AXA Assistance USA
Overview:
AXA Assistance USA offers a variety of plans with customizable coverage options, making it suitable for both budget and luxury travelers.
- Key Features:
- Trip Cancellation/Interruption: Covers unforeseen events that prevent travel.
- Medical and Emergency Evacuation: Comprehensive medical coverage and evacuation services.
- Baggage Protection: Covers lost, stolen, or damaged baggage and personal items.
- Optional Add-Ons: Customizable options for enhanced protection.
- 24/7 Travel Assistance: Includes concierge services and emergency assistance.
- Best For: Travelers seeking customizable coverage options and premium services.
- Cons:
- Premium Pricing for Add-Ons: Optional add-ons can increase the total cost.
- Basic Plan Limitations: Basic plans may have limited coverage for certain needs.
- Sample Plan Cost: Approximately $80-$180 for a two-week trip to South America for a 40-year-old traveler.
- Website: AXA Assistance USA
**4. Travel Guard by AIG
Overview:
Travel Guard, a part of AIG, offers a range of insurance plans with extensive coverage options and valuable extras like travel assistance services.
- Key Features:
- Comprehensive Travel Insurance: Covers medical expenses, trip cancellation, and luggage protection.
- Pre-Existing Medical Conditions: Coverage available with certain plans.
- Cancel for Any Reason (CFAR): Optional coverage for increased flexibility.
- 24/7 Travel Assistance: Emergency travel services and concierge support.
- Trip Delay and Missed Connection Coverage: Provides compensation for delays and missed connections.
- Best For: Travelers looking for comprehensive plans with options for pre-existing conditions and additional flexibility.
- Cons:
- Higher Costs for CFAR: Cancel for Any Reason add-on can be costly.
- Complex Claim Process: Some users report a complicated claims process.
- Sample Plan Cost: Approximately $120-$250 for a two-week trip to Australia for a 45-year-old traveler.
- Website: Travel Guard by AIG
**5. InsureMyTrip
Overview:
InsureMyTrip is a comparison website that allows travelers to compare various travel insurance plans from multiple providers, ensuring they find the best fit for their needs and budget.
- Key Features:
- Comparison Tool: Easily compare plans from top insurers.
- Wide Range of Coverage: Options for trip cancellation, medical emergencies, evacuation, and more.
- Customer Reviews: Access to customer reviews and ratings to help make informed decisions.
- Expert Advice: Assistance from licensed insurance agents.
- Customizable Plans: Tailor coverage to suit specific travel needs.
- Best For: Travelers who want to compare multiple plans and customize coverage to their specific needs.
- Cons:
- Overwhelming Choices: The wide range of options may be overwhelming for some travelers.
- Inconsistent Policies: Coverage details and costs can vary widely between providers.
- Sample Plan Cost: Varies depending on selected insurer and coverage options.
- Website: InsureMyTrip
**6. SafetyWing
Overview:
SafetyWing is designed specifically for digital nomads and long-term travelers, offering a subscription-based insurance model that provides flexibility and global coverage.
- Key Features:
- Global Coverage: Available worldwide, including travel in your home country.
- Subscription Model: Monthly payments with the option to pause coverage.
- Emergency Medical Coverage: Includes hospital stays, doctor visits, and prescribed medications.
- Travel-Related Coverage: Covers travel delays, lost luggage, and personal liability.
- Remote Worker Benefits: Specifically designed for digital nomads and remote workers.
- Best For: Digital nomads, long-term travelers, and remote workers looking for flexible coverage.
- Cons:
- Limited Trip Cancellation Coverage: Does not include trip cancellation as a standard benefit.
- Higher Costs for Older Travelers: Premiums increase significantly with age.
- Sample Plan Cost: Starting at $45.08 per 4 weeks for a 29-year-old traveler.
- Website: SafetyWing
**7. Seven Corners
Overview:
Seven Corners offers a wide range of travel insurance products, including plans for international travelers, U.S. residents traveling abroad, and students studying overseas.
- Key Features:
- Customizable Coverage: Options for medical, evacuation, trip protection, and more.
- Liaison Travel Insurance: Designed for travelers outside their home country.
- RoundTrip Insurance: Comprehensive plans for vacation protection.
- Student Plans: Coverage for students studying abroad or participating in international exchange programs.
- 24/7 Assistance: Emergency travel services and support.
- Best For: Students, families, and international travelers seeking tailored coverage.
- Cons:
- Complex Plan Options: Wide range of plans can be confusing for some travelers.
- Limited Domestic Coverage: Primarily focused on international travel, with less emphasis on domestic options.
- Sample Plan Cost: Approximately $75-$200 for a two-week trip to Europe for a 30-year-old traveler.
- Website: Seven Corners
**8. IMG (International Medical Group)
Overview:
IMG offers travel medical insurance, international health insurance, and travel insurance plans suitable for short-term and long-term travelers.
- Key Features:
- Patriot Travel Insurance: Covers medical emergencies, evacuation, and trip interruption.
- Global Medical Insurance: Long-term plans for expatriates and international residents.
- Customizable Add-Ons: Options for hazardous activities, evacuation, and additional medical coverage.
- Comprehensive Benefits: Coverage for a wide range of travel-related risks.
- 24/7 Assistance: Global customer support and emergency services.
- Best For: Expatriates, long-term travelers, and those needing comprehensive medical coverage abroad.
- Cons:
- Higher Costs for Comprehensive Plans: More extensive coverage options can be expensive.
- Complex Terms: Detailed policy terms may require careful review.
- Sample Plan Cost: Approximately $90-$220 for a two-week trip to Africa for a 40-year-old traveler.
- Website: IMG Global.