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Best Travel Insurance Providers of February 2024

Investing in travel insurance emerges as a wise decision, particularly if the prospect of losing the hard-earned money spent on your trip is a concern. The most effective travel insurance policies offer financial protection, covering you against unexpected events that could disrupt your travel plans. This holds true whether you’re embarking on an international holiday adventure or planning a family visit within the United States.

Moreover, the best travel insurance companies offer a broad spectrum of coverage options to suit various travel needs. They can provide reimbursements for trip cancellations, medical emergencies, lost luggage, and even travel delays. This ensures peace of mind, knowing that should any unforeseen circumstances arise—from health emergencies to last-minute trip changes—your financial investment is safeguarded. With these comprehensive policies, travelers can focus more on enjoying their journey and less on the potential financial risks associated with travel.

William Stern
William Stern

Editor, Working Capital Staff

November 21, 2023

Editor’s note: At WorkingCapital, our revenue is partly generated through commissions earned from affiliate links. It’s important to clarify that these commissions have no impact on the views or evaluations made by our editorial team.

Our editorial integrity is paramount. We offer unbiased evaluations and insights, unaffected by advertisers. Our method is based on a data-driven approach, guaranteeing uniform and equitable evaluation of all financial entities and products. To gain insight into our editorial principles and the particular criteria employed in our reviews, please consult our Evaluation Method.

Best Travel Insurance Companies

BEST FOR PRICE

GoReady Insurance

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Choice

Cover COVID?

Yes

Top Scoring Policy

Choice

Medical and Evacuation Benefits Per Person

$50,000/$250,000

Why We Picked It
Pros & Cons

GREAT FOR HURRICANE AND WEATHER

Berkshire Hathaway Travel Protection

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

LuxuryCare

Cover COVID?

Yes

Top Scoring Policy

LuxuryCare

Medical and Evacuation Benefits Per Person

$100,000/$1 million

Why We Picked It
Pros & Cons

GREAT FOR SUPERIOR COVERAGE

USI Affinity Travel Insurance Services

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Diamond

Cover COVID?

Yes

Top Scoring Policy

Diamond

Medical and Evacuation Benefits Per Person

$500,000/$1 million

Why We Picked It
Pros & Cons

GREAT FOR RENTAL CAR COVERAGE

Trawick International

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Safe Travels Voyager

Cover COVID?

Yes

Top Scoring Policy

Safe Travels Voyager

Medical and Evacuation Benefits Per Person

$250,000/$1 million

Why We Picked It
Pros & Cons

BEST FOR FAMILIES

Travelex Insurance Services

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Travel Select

Cover COVID?

Yes

Top Scoring Policy

Travel Select

Medical and Evacuation Benefits Per Person

$50,000/$500,000

Why We Picked It
Pros & Cons

GREAT FOR PRICE

Tin Leg

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Gold Plan

Cover COVID?

Yes

Top Scoring Policy

Gold

Medical and Evacuation Benefits Per Person

$500,000/$500,000

Why We Picked It
Pros & Cons

BEST FOR AD&D COVERAGE

John Hancock Insurance Agency

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Gold plan

Cover COVID?

Yes

Top Scoring Policy

Gold

Medical and Evacuation Benefits Per Person

$250,000/$1 million

Why We Picked It
Pros & Cons

GREAT FOR DOG OWNERS

IMG

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

iTravelInsured LX

Cover COVID?

Yes

Top Scoring Policy

iTravelInsured LX

Medical and Evacuation Benefits Per Person

$500,000/$1 million

Why We Picked It
Pros & Cons

GREAT FOR PRE-EXISTING MEDICAL CONDITION COVERAGE

Generali Global Assistance

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Premium Plan

Cover COVID?

Yes

Top Scoring Policy

Premium

Medical and Evacuation Benefits Per Person

$250,000/$1 million

Why We Picked It
Pros & Cons

GREAT FOR PARENTS

Cat 70

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Travel Plan

Cover COVID?

Yes

Top Scoring Policy

Travel

Medical and Evacuation Benefits Per Person

$500,000/$500,000

Why We Picked It
Pros & Cons

BEST FOR BAGGAGE AND PERSONAL EFFECTS COVERAGE

AXA Assistance USA

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Platinum Plan

Cover COVID?

Yes

Top Scoring Policy

Platinum

Medical and Evacuation Benefits Per Person

$250,000/$1 million

Why We Picked It
Pros & Cons

GREAT FOR ADD-ON COVERAGES

WorldTrips

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Atlas Journey Premier

Cover COVID?

Yes

Top Scoring Policy

Atlas Journey Premier

Medical and Evacuation Benefits Per Person

$150,000/$1 million

Why We Picked It
Pros & Cons

BEST FOR MISSED CONNECTION COVERAGE

TravelSafe

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Classic Plan

Cover COVID?

Yes

Top Scoring Policy

Classic

Medical and Evacuation Benefits Per Person

$100,000/$1 million

Why We Picked It
Pros & Cons

BEST FOR NON-MEDICAL EVACUATION

Travel Insured International

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Worldwide Trip Protector

Cover COVID?

Yes

Top Scoring Policy

Worldwide Trip Protector

Medical and Evacuation Benefits Per Person

$100,000/$1 million

Why We Picked It
Pros & Cons

BEST VALUE FOR ROBUST COVERAGE

Seven Corners

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

RoundTrip Choice

Cover COVID?

Yes

Top Scoring Policy

RoundTrip Choice

Medical and Evacuation Benefits Per Person

$500,000/$1 million

Why We Picked It
Pros & Cons

BEST FOR UPGRADES

Nationwide

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

Cruise Luxury

Cover COVID?

Yes

Top Scoring Policy

Cruise Luxury

Medical and Evacuation Benefits Per Person

$150,000/$1 million

Why We Picked It
Pros & Cons

GREAT FOR MEDICAL COVERAGE

HTH Worldwide

Get a Quote

On Squaremouth's Website

Get a Quote

On Squaremouth's Website

Top Scoring Plan

TripProtector Preferred Plan

Cover COVID?

Yes

Top Scoring Policy

TripProtector Preferred

Medical and Evacuation Benefits Per Person

$500,000/$1 million

Why We Picked It
Pros & Cons
CompanyBest ForTop Scoring PolicyMedical benefits per personEvacuation benefits per person
GoReady Insurance

GoReady Insurance

Best for priceChoice$50,000$250,000
Berkshire Hathaway Travel Protection

Berkshire Hathaway Travel Protection

Great for hurricane and weatherLuxuryCare$100,000$1 million
USI Affinity Travel Insurance Services

USI Affinity Travel Insurance Services

Great for superior coverageDiamond$500,000$1 million
Trawick International

Trawick International

Great for rental car coverageSafe Travels Voyager$250,000$1 million
Travelex Insurance Services

Travelex Insurance Services

Best for familiesTravel Select$50,000$500,000
Tin Leg

Tin Leg

Great for priceGold$500,000$500,000
John Hancock Insurance Agency

John Hancock Insurance Agency

Best for ad&d coverageGold$250,000$1 million
IMG

IMG

Great for dog ownersiTravelInsured LX$500,000$1 million
Generali Global Assistance

Generali Global Assistance

Great for pre-existing medical condition coveragePremium$250,000$1 million
Cat 70

Cat 70

Great for parentsTravel$500,000$500,000
AXA Assistance USA

AXA Assistance USA

Best for baggage and personal effects coveragePlatinum$250,000$1 million
WorldTrips

WorldTrips

Great for add-on coveragesAtlas Journey Premier$150,000$1 million
TravelSafe

TravelSafe

Best for missed connection coverageClassic$100,000$1 million
Travel Insured International

Travel Insured International

Best for non-medical evacuationWorldwide Trip Protector$100,000$1 million
Seven Corners

Seven Corners

Best value for robust coverageRoundTrip Choice$500,000$1 million
Nationwide

Nationwide

Best for upgradesCruise Luxury$150,000$1 million
HTH Worldwide

HTH Worldwide

Great for medical coverageTripProtector Preferred$500,000$1 million
Leading Travel Insurance Providers of November 2023: Coverage Details

Comprehensive travel insurance policies offer a myriad of beneficial features. While some policies are tailored exclusively to cover trip cancellations or medical expenses, the vast array of plans available ensures you can find a coverage level that fits both your budget and travel requirements.

Key components to look for in a comprehensive travel insurance plan include:

Trip Cancellation Insurance: While no one plans for a trip cancellation, unforeseen circumstances like illness, injury, or jury duty can disrupt travel plans. This insurance reimburses 100% of your lost prepaid, non-refundable deposits for cancellations due to reasons stated in the policy. For concerns specific to Covid, several policies cover cancellations due to contracting the virus before your trip. It’s advisable to insure the total amount of your non-refundable and prepaid deposits, excluding refundable items like plane tickets.

Travel Delay Insurance: Unexpected delays can be stressful and expensive. Travel delay insurance provides reimbursement for essential expenses during delays covered by your insurance, such as food and accommodation. The coverage usually begins after a specified waiting period and has a daily and total maximum limit.

“Cancel for Any Reason” (CFAR) Coverage: CFAR insurance grants the flexibility to cancel your trip for reasons not listed in the standard policy. Although reimbursement is typically 75% or 50% of trip costs, unlike the 100% under standard trip cancellation coverage, CFAR offers unparalleled freedom. Note that not all insurers provide CFAR, and it tends to increase the policy cost by about 50%.

Travel Medical Insurance: Essential for international travelers, this insurance covers medical expenses like ambulance services, X-rays, and hospital bills. The best travel insurance for seniors includes this coverage as Medicare often doesn’t cover international health care. Coverage limits can reach up to $500,000 per person. Confirm whether your policy includes Covid-related medical expenses.

Emergency Medical Evacuation Coverage: Particularly crucial for travel to remote areas, this insurance pays for transportation to the nearest suitable medical facility. Top policies offer coverage up to $1 million per person.

Trip Interruption Insurance: If you need to end your trip early for a covered reason, this insurance reimburses you for missed non-refundable travel expenses and may cover the cost of a last-minute one-way ticket home.

Baggage Delay Coverage: This coverage reimburses you for essential items while waiting for delayed luggage, usually kicking in after a specified delay, like six hours.

Baggage Loss and Personal Effects Coverage: In case your luggage is delayed, lost, or stolen, this insurance helps mitigate the financial impact by reimbursing the depreciated value of your belongings.

Travel insurance provides a safety net, allowing travelers to embark on their journeys with confidence, knowing they are covered against a wide range of unforeseen events and emergencies. It’s crucial to carefully evaluate each policy’s features to ensure they align with your specific travel needs and concerns.

Evaluation Method

WorkingCapital conducted an evaluation of 53 travel insurance policies to identify the best plans in the market, utilizing data from Squaremouth, a renowned travel insurance comparison service. In instances where companies offered multiple plans, we focused on their highest-scoring option. It’s important to note that some insurers may offer plans with more comprehensive benefits or lower prices than their top-scoring ones. Hence, obtaining travel insurance quotes is essential to explore the full spectrum of available options. The key aspects evaluated were:

Cost (25% of Score): The average cost of each policy was assessed based on trips to popular destinations like Italy and Mexico, catering to various traveler profiles:

  • A 30-year-old couple for a $3,000 trip to Mexico
  • A 40-year-old couple for a $6,000 trip to Italy
  • A family of four for a $15,000 trip to Italy
  • A 65-year-old couple for a $6,000 trip to Italy
  • A 70-year-old couple for a $3,000 trip to Mexico


COVID-related Medical Coverage (10% of Score)
: Policies including coverage for COVID-related medical expenses received additional points.

Medical Expenses (10% of Score): We evaluated travel medical insurance based on the coverage amount, with policies offering $250,000 or more per person in benefits scoring the highest.

Medical Evacuation (10% of Score): Policies were assessed based on emergency medical evacuation/transportation coverage, with those offering benefits of $500,000 or more per person receiving the highest scores.

“Cancel for Any Reason” Upgrade (10%): Points were allocated to policies offering this upgrade, especially those with reimbursement levels of 75% or higher.

Baggage Delay Required Waiting Time (5%): Policies with baggage delay benefits activating within 12 hours or less were favored.

Baggage Reimbursement Benefits (5%): Plans offering $2,000 or more per person in baggage reimbursement received points.

Hurricane and Weather (5%): We awarded points to plans with a required waiting period of 12 hours or less for hurricane and weather coverage.

“Interruption for Any Reason” Upgrade (5%): Policies providing this upgrade were also scored.

Pre-existing Medical Condition Exclusion Waiver (5%): Points were given to policies covering pre-existing conditions if purchased within a specific timeframe.

Travel Delay Required Waiting Time (5%): Policies with travel delay benefits effective after six hours or less were favored.

Trip Interruption Travel Insurance (5%): Policies offering 150% or more in trip interruption reimbursement were awarded points.

This comprehensive scoring system was designed to ensure travelers have access to the best insurance options that cater to a wide range of travel scenarios and personal needs.