When planning a trip, one of the most important things you can do is protect your investment with travel insurance. Whether it’s for international medical coverage, trip cancellation, or baggage protection, the right insurance can save you from significant financial losses if things go wrong.
Choosing the right travel insurance can be a challenge, as the best plan depends on your specific needs. To help simplify the process, we’ve reviewed and ranked some of the top travel insurance companies, comparing their offerings, coverage, and customer satisfaction.
Quick Picks: Our Top Travel Insurance Companies
If you don’t want to dive deep into each review, here’s a quick overview of our top picks by category:
- Family Plans: Travelex (Offers free coverage for kids under 18 when traveling with a covered adult)
- Medical Coverage: Atlas (Up to $2M in emergency medical coverage)
- Annual Plans: Allianz (Multiple annual plans to choose from)
- Adventure Travel: World Nomads (Covers 200+ sports and activities)
Detailed Reviews of the Best Travel Insurance Companies
After thorough research, we’ve narrowed down our list to the top 10 travel insurance companies, based on coverage types, customer satisfaction, and the quality of each policy. Here’s a deeper look into each one:
1. Travelex Insurance
Best for Families
Travelex Insurance is our top choice for comprehensive coverage, particularly for families. Their Travel Select plan stands out, offering excellent coverage for trip cancellations, medical emergencies, and even “Cancel for Any Reason” upgrades—ideal if you’re concerned about changes in travel plans, especially in unpredictable times like during the pandemic. With Travelex, kids under 18 travel for free when accompanied by a covered adult, making it a great deal for families.
Key Features:
- 100% trip cancellation coverage
- $50,000 emergency medical coverage
- Optional “Cancel for Any Reason” upgrade
2. Atlas Travel Insurance
Best for Medical Coverage
Atlas is a great choice for travelers looking for robust medical coverage. They offer customizable plans that can be tailored to your needs, with coverage options reaching up to $2,000,000 in emergency medical expenses. While their plans don’t include trip cancellation, Atlas focuses on providing excellent medical coverage for international travelers.
Key Features:
- Up to $2M emergency medical coverage
- Emergency medical evacuation
- No trip cancellation coverage included (can be added)
3. RoamRight Travel Insurance
Best for Adventure Travelers
RoamRight shines with its comprehensive coverage and particularly appeals to those who engage in adventure sports. The Pro Plus plan is highly rated for providing excellent trip protection and medical coverage. It also offers the option to insure children for free, making it a strong choice for families.
Key Features:
- $50,000 emergency medical coverage
- 100% trip cancellation coverage
- Adventure sports coverage
- No “Cancel for Any Reason” option
4. AIG Travel Guard
Best Overall for Coverage Options
AIG’s Travel Guard Deluxe plan offers top-tier coverage, including trip cancellation, emergency medical expenses, and trip interruption. They also provide optional upgrades like “Cancel for Any Reason,” which makes them ideal for flexible travelers.
Key Features:
- 100% trip cancellation coverage
- $100,000 emergency medical coverage
- “Cancel for Any Reason” upgrade option
5. Travel Insured International
Best for Comprehensive Trip Protection
Travel Insured International’s Worldwide Trip Protector plan is one of the most comprehensive on the market, covering everything from trip cancellation to emergency medical evacuation. They offer a range of plans, including one with the “Cancel for Any Reason” rider for added flexibility.
Key Features:
- 100% trip cancellation coverage
- $100,000 emergency medical coverage
- “Cancel for Any Reason” upgrade option
6. TravelSafe Insurance
Best for Affordable Coverage
TravelSafe’s Classic Plan provides solid coverage for the price, offering trip cancellation, emergency medical, and baggage protection. The added option of “Cancel for Any Reason” coverage is a bonus, though it comes at an extra cost.
Key Features:
- 100% trip cancellation coverage
- $100,000 emergency medical coverage
- Affordable and comprehensive protection
7. Seven Corners Travel Insurance
Best for Customization
Seven Corners offers highly customizable plans, including their RoundTrip Elite policy, which provides excellent coverage for trip cancellations, medical expenses, and more. They also offer a “Cancel for Any Reason” option, making it a good fit for travelers looking for flexibility.
Key Features:
- 100% trip cancellation coverage
- $250,000 emergency medical coverage
- “Cancel for Any Reason” upgrade available
8. Trawick International
Best for Annual Travel Insurance
Trawick’s Safe Travels Voyager plan offers extensive coverage for medical emergencies, trip cancellations, and evacuations. It’s particularly suitable for frequent travelers, offering an annual policy that covers multiple trips throughout the year.
Key Features:
- $250,000 emergency medical coverage
- 100% trip cancellation coverage
- Annual coverage options
9. Allianz Travel Insurance
Best for Frequent Travelers
Allianz’s OneTrip Premier plan is ideal for those who travel multiple times a year. It provides solid coverage for trip cancellations, medical emergencies, and other travel disruptions. The added bonus of emergency transportation and baggage loss coverage makes it a comprehensive option for regular travelers.
Key Features:
- $50,000 emergency medical coverage
- 100% trip cancellation coverage
- Multiple coverage options for frequent travelers
10. IMG Travel Insurance
Best for Custom Coverage
IMG’s iTravelInsured Travel LX plan offers comprehensive coverage with a high level of customization, allowing travelers to choose the medical coverage and deductibles they prefer. While it’s more expensive than other options, the coverage limits are generous.
Key Features:
- $500,000 emergency medical coverage
- 100% trip cancellation coverage
- Customizable plans to suit various needs
What Does Travel Insurance Cover?
Travel insurance generally falls into two broad categories: medical coverage and trip protection. Most policies include trip cancellation and trip interruption coverage, which can reimburse you for non-refundable costs if something forces you to cancel or cut your trip short. Some policies also cover lost luggage, medical emergencies, and emergency evacuations.
For international trips, medical coverage is a must. Even if you have health insurance at home, it may not cover you abroad, making travel insurance vital.
Final Thoughts on Travel Insurance
Choosing the right travel insurance policy depends on your travel plans and personal preferences. If you’re going on a high-risk adventure, a plan that covers medical emergencies and evacuation might be your top priority. If you’re traveling with a family, look for policies that include children for free and offer flexibility with cancellation options.
Don’t skip travel insurance—it’s an important part of planning any trip. Whether it’s covering the unexpected or giving you peace of mind, having the right coverage can make all the difference.