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When you spend thousands of dollars on a vacation, you don’t want to lose money if something goes wrong and you must cancel or cut the trip short. Even a lost suitcase or stolen phone or laptop can put a dark cloud over your experience, but when you have travel insurance, you have a peace of mind that you won’t face devastating financial losses.
While most people who buy travel insurance do so through their travel provider or agent, researching the top travel insurance providers in the United States to find the company or policy that best meets your needs is worth exploring.
Here, we provide details about some of top-rated travel insurance providers. This isn't a comprehensive list, as many companies offer these policies, but rather an overview of some of our top choices for travelers.
Travel insurance is a policy that reimburses you for expenses you incur when your travel plans don’t go as intended. Some of the things they can help you with include:
Most policies include these basic coverages. Depending on the company, you may be able to add supplemental coverage for specific needs, like rental cars or adventure sports.
Travel insurance offers greater peace of mind and financial protection. Although it’s an optional (but recommended) add-on for most trips, some countries require visitors to carry travel insurance to enter the country. Bermuda, the Cayman Islands, Thailand, and the Galapagos Islands are just some countries requiring travelers to carry coverage before entering.
Even if travel insurance isn’t mandatory for your destination, the U.S. Department of State strongly recommends that all travelers invest in a policy to protect their travel plans and cover unexpected medical expenses.
When it comes to getting a policy, here are the best travel insurance plans in the U.S.:
Travelex Insurance Services offers three travel insurance policy options: Travel Basic, Travel Select, and U.S.-specific Travel America. The Travel Select policy provides the most comprehensive coverage.
One factor that lands Travelex atop our travel insurance companies rankings is the low cost: Comparable policies cost an average of 17% less than from other companies.
Some of the highlights of Travelex’s Travel Select plan include:
Travelex policies also include cancel for any reason (CAFR) coverage, ensuring fewer restrictions on changing your plans, and the option for a pre-existing condition waiver if you purchase the policy immediately after booking your trip.
Although Travelex’s maximums for trip cancellation or medical expenses are lower than other companies, Travelex Insurance Services’ comprehensive offering puts it among the top travel insurance providers in the United States.
Allianz Travel’s array of travel options earns it a place among the leading travel insurance companies. In addition to offering an annual travel insurance plan for frequent travelers, the company has nearly a dozen additional options to serve all types of travelers.
For most people, the best options are the OneTrip Basic, OneTrip Prime, and OneTrip Premier. Each plan can add a CFAR supplement, one of the most generous in the industry: the policy pays up to 80% of the trip cost if you must cancel.
Other inclusions in the Allianz Travel Premier policy include:
Allianz travel insurance policies cost more than other options, and the lowest-cost options have fewer inclusions (for example, they don’t include medical coverage) and don’t allow you to add rental car coverage. Still, if you travel domestically, these plans are a great choice because you’re not paying for coverage you don’t need.
If you have a pre-existing medical condition, AIG is one of the premium travel coverage providers to consider. AIG Travel Guard allows you to add a pre-existing waiver to any policy, including last-minute purchases. You can also opt for an annual travel policy to cover all your travels.
For single trips, you can choose from an Essential, Preferred, or Deluxe plan; the Deluxe offers the most coverage and highest maximums. The higher-level plans also have the option of a CAFR upgrade, which pays 50% of any nonrefundable payments if you cancel at least two days ahead of scheduled travel.
AIG Travel Guard coverage is on par with other entries on our list of top travel insurance providers in the United States:
Berkshire Hathaway is one of the top travel insurers in the United States when you want to cover a cruise or a flight, as it offers policies specific to those trips. It also offers unique policies for adventure travel and road trips.
Standard travel insurance policies from Berkshire Hathaway include ExactCare Value, ExactCare, and ExactCare Extra. The ExactCare Extra offers the most benefits, including:
Where Berkshire Hathaway travel plans really stand out is their cost, as they are some of the most affordable plans among the top travel insurance providers in the United States. The company’s worldwide travel assistance service is also one of the better options, with help available for travel mishaps like lost or stolen wallets and passports.
Seven Corners is a great travel insurance option for travelers with coverage from other sources, like credit cards, homeowner’s insurance policies, and health insurance. The company offers customizable policies for specific needs, like sports travel or medical insurance only. It also has a unique trip interruption option: with this add-on, you can stop your trip for any reason within 48 hours of the departure date and get a 75% reimbursement on any non-refundable deposits.
Seven Corners offers traditional travel insurance policies as well, at lower-than-average rates. Specific plan names vary by state, but the top-tier plan offers:
Seven Corners has some of the best medical coverage options, making this an excellent choice if you’re concerned about needing medical care while on vacation.
If you’re planning any travel for business, pleasure, or both, you owe it to yourself to invest in a travel insurance policy. For just a small percentage of the total cost of your trip (most policies cost between 4% and 10% of the total trip price), you can have the peace of mind of knowing that a travel issue will not have long-lasting financial consequences. Whether the airline misdirects your baggage or you break your leg hiking during your vacation, a travel insurance policy will ease your financial burden. With so many options to choose from, selecting the perfect policy to match your plans can feel overwhelming. Insurdinary is here to help. Contact us today for help. Request a quote today.