Which Travel Insurance Is Best in 2024?

We all want an enjoyable trip while traveling, right?

When it comes to choosing the best travel insurance, there are several factors to consider. From the top travel insurance companies to COVID travel insurance policies and the worth of travel insurance, making the right decision can greatly impact your travel experience.

This insurance can cost you anywhere from $11 or more depending on your scenario and type of trip. Therefore, it can be complicated to choose which travel insurance is best.

If you are traveling to someone who requires more insurance, here’s what you need to know:

Key Takeaways

• Faye, Travelex, and Nationwide are top travel insurance providers offering a variety of protections and policy options.
• Consider your coverage needs and travel plans when selecting a travel insurance policy.
• Compare travel insurance providers to find the best coverage for your specific needs.
• Travel medical insurance is crucial for international trips where your U.S. health plan may not provide coverage.
• For domestic trips, low coverage amounts or no insurance may be sufficient as a backup.

Best Travel Insurance Companies

Here at HustleVenture, we look out for our reader’s best interests. Here are our non-biased opinions and take on each travel insurance and reviews on their policies.

Travel Insured International

Travel Insured International stands out for its comprehensive coverage options tailored to the needs of a wide range of travelers.

Best pandemic plan offerings, such as the Worldwide Trip Protector, provide peace of mind in uncertain times, with features like CFAR (Cancel for Any Reason) reimbursement at 75% of the insured trip cost.

Coverage Item	iTravelInsured Travel SE	Patriot International	Platinum iTravelInsured Travel LX
Trip Cancellation	100% of trip cost	100% of trip cost	100% of trip cost
Trip Interruption	125% of the trip cost	150% of the trip cost	100% of the trip cost
Lost or Stolen Baggage	$1,500	$3,000	$2,500
Baggage Delay	$250 after 12 hours	$750

With a focus on customer satisfaction, Travel Insured International offers a range of upgrades and benefits that cater to the modern traveler’s concerns. The availability of “interruption for any reason” upgrades and top-notch non-medical evacuation benefits of $150,000 per person are particularly noteworthy.

Medical coverage, while not the highest in the industry at $100,000 per person, may be sufficient for many travelers, especially when combined with the company’s excellent hurricane and weather coverage that activates after a mere 6-hour delay.

WorldTrips

WorldTrips stands out with its three standard travel insurance policies: Economy, Preferred, and Premier.

Each policy is tailored to meet the diverse needs of travelers, offering a range of coverages that include up to 150% in trip interruption and $150,000 in medical care. The Premier plan is particularly noteworthy for its comprehensive coverage.

Plan	Trip Interruption	Medical Coverage
Economy	Up to 150%	$50,000
Preferred	Up to 150%	$100,000
Premier	Up to 150%	$150,000

When considering WorldTrips for your travel insurance, it’s important to compare the cost and coverage levels to find the best fit for your trip. For instance, the Atlas Journey Premier plan averages $408 per trip, which is competitive when compared to other top-rated travel insurance policies.

Choosing the right travel insurance policy requires careful consideration of your specific needs and the nature of your trip. WorldTrips’ variety of plans offers flexibility to cater to different types of travelers, ensuring that you can find a policy that aligns with your travel plans and budget.

Seven Corners

Seven Corners stands out for its comprehensive coverage options and competitive pricing, particularly with its Trip Protection Basic policy. With medical expenses covered up to $100,000 and evacuation limits at $250,000, it offers a solid balance between cost and benefits.

Seven Corners provides a range of add-ons to tailor coverage to your needs, including:

• Rental car collision damage
• Event ticket registration fee protection
• Sports and golf equipment rental
• CFAR (Cancel For Any Reason) coverage
• IFAR (Interrupt For Any Reason) coverage

The inclusion of worldwide, 24/7 travel assistance with all plans is a significant advantage for international travelers, ensuring help is always just a call away.

However, it’s important to note that hurricane and weather coverage requires a 48-hour delay before kicking in, which is longer than some competitors. This could be a deciding factor for travelers concerned about weather-related disruptions.

Tin Leg

Tin Leg is known for offering competitive pricing and comprehensive coverage options tailored to the needs of travelers.

Their policies are designed to provide peace of mind, whether you’re traveling for leisure or business. With a focus on customer satisfaction, Tin Leg offers a range of plans to suit various travel needs.

Policy highlights include:

• Trip cancellation and interruption
• Emergency medical and evacuation
• 24/7 travel assistance services
• Coverage for pre-existing conditions

Tin Leg’s commitment to reliable coverage and customer support makes it a strong contender in the travel insurance market.

When considering Tin Leg, it’s important to compare the specifics of their offerings with your travel plans to ensure you’re getting the best possible protection for your journey.

AIG

AIG stands out in the travel insurance market with its comprehensive coverage options catering to a wide range of travelers. Their international travel plans offer 100% trip cancellation insurance, along with substantial benefits like up to $1 million in medical evacuation coverage and up to $1,000 in trip delay coverage.

AIG’s travel insurance plans are designed to provide peace of mind, ensuring that travelers are well-protected against unforeseen events.

The company’s portfolio includes three main plans:

• Essential plan: Basic coverage suitable for budget-conscious travelers.
• Preferred plan: Offers a balance of coverage and cost, ideal for regular travelers.
• Deluxe plan: The most comprehensive option, providing extensive coverage for those seeking maximum protection.

Each plan is structured to include family coverage, which is a significant advantage for those traveling with loved ones. AIG also offers unique policy options like the quick approval Pack-N-Go plan and an annual plan for frequent flyers, addressing the needs of various travel scenarios.

John Hancock Insurance Agency

John Hancock Insurance Agency distinguishes itself with three levels of travel insurance: Bronze, Silver, and Gold. Each tier offers a range of benefits to suit different travel needs.

The Gold plan stands out for its generous delay benefits, providing up to $1,000 in coverage after a mere three-hour delay, which is notably less than the industry standard of a 12-hour wait time for comparable benefits.

The agency also provides several add-on options, enhancing the flexibility of its offerings. These include:

• CFAR (Cancel For Any Reason) coverage with up to 75% reimbursement
• Rental car collision coverage, offering secondary protection up to $50,000
• Additional AD&D (Accidental Death & Dismemberment) coverage options of $300,000 or $500,000

Prospective travelers should consider the Silver plan for its balance of cost and coverage, particularly for pandemic-related concerns. It offers a CFAR reimbursement of 75% of the insured trip cost and substantial medical and evacuation limits of $100,000/$500,000 per person.

While the medical expense limit of $100,000 is adequate, it is lower than many other policies, which is a point to consider when comparing options.

Nationwide

Nationwide offers comprehensive travel insurance policies that cater to a variety of travelers. Coverage for bags and belongings is a key feature, with protection up to $3,000 for loss or damage. This can provide peace of mind for travelers carrying valuable items.

Application processes for Nationwide policies are streamlined, ensuring that securing insurance before your trip is hassle-free. The regions covered by Nationwide include Asia Pacific, Worldwide, and Worldwide excluding the USA, offering flexibility for international travelers.

Nationwide’s travel insurance is designed to alleviate the stress of unforeseen events, allowing travelers to focus on enjoying their journey.

Here’s a quick overview of the coverage provided:

• Bags and Belongings Coverage: $3,000
• Regions Covered: Asia Pacific, Worldwide, Worldwide excluding USA

It’s important to review the terms and conditions carefully to understand the extent of the coverage and any exclusions that may apply.

USI Affinity Insurance Services

USI Affinity’s Ruby plan stands out with its robust coverage options, particularly for medical and evacuation expenses, which are essential for any traveler. The plan offers a generous $250,000 for medical coverage and $500,000 for evacuation per person, ensuring peace of mind during international travels.

Good travel delay and hurricane coverage are among the key benefits of the Ruby plan, with specific provisions for missed connections, especially beneficial for cruise and tour travelers. The plan’s coverage for travel delays amounts to $1,000 per person, and missed connection coverage offers $750 per person after a 3-hour delay.

The Ruby plan by USI Affinity is rated highly for its comprehensive pandemic plan, making it a top choice for travelers in the current global climate.

Here’s a quick look at the pros of the Ruby plan:

• Good travel delay coverage of $1,000 per person.
• Strong hurricane and weather coverage.
• Missed connection coverage for cruise and tours of $750 per person after a 3-hour delay.

While the plan is well-rounded, it’s important to compare it with other offerings to ensure it fits your specific travel needs and preferences.

COVID Travel Insurance Policies

With the COVID-19 infection still around with different variants, sometimes we want additional protection. Especially for our older folks and young children.

All Travel Insurance

When considering All Travel Insurance for your next trip, it’s crucial to understand the variety of options available. Not all policies are created equal, and each provider offers unique benefits and coverage limits. Here’s a quick overview of some popular choices:

• Allianz Travel Insurance
• AIG Travel Insurance
• Allied World Travel Insurance
• Etiqa Travel Insurance

It’s essential to compare the specifics of each policy, including coverage for trip cancellations, medical expenses, and, importantly, COVID-19 related incidents.

For travelers with specific needs, such as those expecting a child, it’s worth noting that some companies cater to niche markets, like Travel Insurance for Pregnant Travellers. Always ensure that the policy you choose provides adequate protection for your individual circumstances.

Travel Insured International

Travel Insured International stands out for its comprehensive coverage options, catering to a variety of travel concerns.

Best pandemic plan offerings include the Worldwide Trip Protector, which has been highly rated for its extensive benefits. With options like “Cancel for any reason” (CFAR) and “interruption for any reason” upgrades, travelers can enjoy greater flexibility and peace of mind.

The company’s customer-centric approach is evident in its competitive non-medical evacuation benefits of $150,000 per person and prompt travel delay and baggage delay benefits that activate after just a 3-hour delay.

Here’s a quick comparison of coverage limits across different plans:

Coverage Item	iTravelInsured Travel SE	Patriot International	Platinum iTravelInsured Travel LX
Trip Cancellation	100% of trip cost	100% of trip cost	100% of trip cost
Trip Interruption	150% of trip cost	125% of trip cost	150% of trip cost
Lost or Stolen Baggage	$1,500	$3,000	$2,500
Baggage Delay	$250 after 12 hours	$750	–

While the medical coverage of $100,000 per person may be lower compared to some competitors, it could be sufficient depending on your travel needs. The company’s ratings reflect its commitment to providing valuable coverage and excellent customer service.

WorldTrips

WorldTrips stands out with its three-tiered travel insurance policies: Economy, Preferred, and Premier. Each level offers a comprehensive range of coverages, catering to different needs and budgets.

The Premier plan is particularly notable for its high medical coverage limit of $150,000 and trip interruption coverage up to 150%.

When comparing average costs per trip, WorldTrips policies are competitively priced. For instance, the Atlas Journey Premier plan averages at $408, while the Preferred plan is more economical at $334.

Coverage Options:

• Economy: Basic coverage for budget-conscious travelers.
• Preferred: Enhanced coverage for more peace of mind.
• Premier: Top-tier coverage for those seeking the most protection.

WorldTrips’ insurance options are designed to provide travelers with flexibility and security, ensuring that they can choose a plan that best fits their travel needs without compromising on essential coverages.

Nationwide

Nationwide offers a comprehensive travel insurance policy that caters to a variety of travelers.

Coverage for bags and belongings is a crucial aspect of their offerings, ensuring that personal items are protected against loss or damage. With coverage values up to $3000, travelers can have peace of mind knowing their possessions are safeguarded.

Application processes for Nationwide’s travel insurance are streamlined, making it easy for travelers to secure their policy before embarking on their journey. The regions covered by Nationwide include Asia Pacific, Worldwide, and Worldwide excluding the USA, providing flexibility for international travel plans.

Nationwide’s travel insurance is designed to offer robust protection for your travels, with a focus on customer convenience and comprehensive coverage.

Here is a quick overview of the coverage limits for bags and belongings:

Coverage Type	Coverage Value (USD)
Bags and Belongings Coverage	3000

TravelSafe

TravelSafe offers a comprehensive range of benefits that cater to the needs of modern travelers.

Overseas Medical Expenses coverage is a standout feature, providing up to $200,000 in case of medical emergencies abroad. Additionally, the policy covers emergency medical evacuation and repatriation, ensuring that travelers can receive the necessary care without worrying about the financial burden.

Delayed Baggage coverage is another critical aspect, offering compensation for every 6 hours of delay up to $1,200. This can be a lifesaver for those who find themselves without their essentials upon arrival. For more severe scenarios, such as the loss of baggage and personal belongings, TravelSafe provides coverage of up to $5,000.

Personal liability is an often overlooked but essential part of travel insurance. TravelSafe addresses this by covering overseas accidents that result in bodily injuries, giving travelers peace of mind.

Here’s a quick overview of the key benefits:

• Overseas Medical Expenses coverage up to $200,000
• Emergency medical evacuation and repatriation
• Delayed Baggage coverage for every 6 hours up to $1,200
• Loss of baggage and personal belongings coverage up to $5,000
• Personal liability for overseas accidents

AIG

AIG stands out in the travel insurance market with its comprehensive coverage options catering to a variety of travelers. Their plans include family coverage, ensuring that every member of your group is protected during your journey.

Essential Plan	Preferred Plan	Deluxe Plan
100% Trip Cancellation	100% Trip Cancellation	100% Trip Cancellation
$750 Baggage Loss/Damage	$1,000 Baggage Loss/Damage	$2,500 Baggage Loss/Damage
$15,000 Medical Expenses	$50,000 Medical Expenses	$100,000 Medical Expenses
$150,000 Emergency Evacuation	$500,000 Emergency Evacuation	$1 Million Emergency Evacuation

AIG’s travel insurance plans are designed to provide peace of mind, with benefits like $1 million in emergency evacuation coverage and up to $1,000 for travel delays.

The company also offers unique policy options such as the quick approval Pack-N-Go plan and an annual plan for frequent flyers, making it a versatile choice for different travel needs.

With upgrades available, AIG can accommodate the needs and budgets of various travelers, from those seeking basic coverage to those requiring extensive protection.

AXA Assistance USA

AXA Assistance USA stands out for its generous coverage limits and unique leisure activity inclusions. Travelers can benefit from high medical and evacuation coverage, with options like the Platinum plan offering up to $250,000 in medical coverage and $1 million for evacuation.

Generous coverage limits and the availability of a ‘Cancel for any reason’ (CFAR) upgrade make AXA a top choice for many. The CFAR upgrade allows for reimbursement of up to 75% of trip costs, providing flexibility in uncertain times.

AXA’s Platinum plan is particularly beneficial for leisure travelers, with coverage for lost ski days and golf rounds, as well as sports equipment rental.

For those with expensive luggage, the baggage loss coverage is impressive, offering up to $3,000 per person. This, combined with rental car collision damage coverage, ensures a comprehensive travel insurance package.

Here’s a quick overview of AXA’s Platinum plan:

Coverage Type	Maximum Limit
Trip Cancellation	100% of trip costs
Medical Coverage	$250,000
Evacuation	$1 million
Baggage Protection	$3,000

AXA Assistance USA is our pick for leisure travelers, providing peace of mind with its extensive coverage for a variety of travel-related incidents.

Generali Global Assistance

Generali Global Assistance stands out for its concierge-level emergency assistance service, available 24/7 to travelers in need. The multilingual staff is particularly beneficial for those visiting regions where language barriers may pose a challenge.

Generali offers a range of coverage options, including unique add-ons not commonly found with other insurers. For instance, their higher coverage tiers provide rental car and sports equipment coverage, typically seen as separate add-ons.

Here’s a quick overview of what Generali offers:

• CFAR coverage (up to 50% reimbursement)
• Pre-existing conditions waiver
• Rental car collision damage
• Vendor financial default coverage
• Missed connection benefit ($150)

The Premium policy from Generali is notable for its excellent trip interruption insurance and superior medical evacuation benefits, making it a solid choice for travelers with pre-existing conditions, provided the policy is purchased timely.

When considering the cost-to-benefit ratio, Generali’s average policy cost of $255 is justified by the comprehensive coverage it provides, including a trip cancellation maximum at 100% of trip cost and medical coverage up to $250,000.

HTH Worldwide

HTH Worldwide offers comprehensive travel insurance policies that cater to a global audience. Their plans are designed to provide peace of mind for travelers, covering a range of potential issues from medical emergencies to trip cancellations.

Key features of HTH Worldwide’s travel insurance include:

• Extensive medical coverage
• Options for trip interruption and cancellation
• 24/7 travel assistance services

When considering HTH Worldwide, it’s important to review the specifics of their COVIDSafe Travel Protect360 Basic plan, which has been tailored to address concerns related to the pandemic. This plan offers enhanced benefits, such as coverage for medical expenses due to COVID-19 and quarantine allowances.

The COVIDSafe Travel Protect360 Basic plan is a testament to HTH Worldwide’s commitment to adapting their offerings to meet the evolving needs of travelers.

For those looking to compare different policies, HTH Worldwide provides clear information on their coverage limits and benefits, making it easier to make an informed decision. Here’s a snapshot of their cancellation coverage:

Coverage Item	Amount (S$)
Cancellation Coverage	5,000

Remember to consider the regions covered by the policy, especially if your travels are taking you to multiple destinations. HTH Worldwide’s plans typically include Asia Pacific, Worldwide, and Worldwide Excluding USA options.

Is Travel Insurance Worth It?

Now if you are a skeptic of insurance and whether it will pay off, just remember its always better to be safe than sorry.

Invest a little bit, and once in a while check back to see if the investment is worth it and most importantly, whether it bought you “a level of comfort”. Especially when we travel, we can’t predict things that might happen to us, but we know having protection will help in any way necessary.

How to Choose the Best Travel Insurance Policy

Selecting the right travel insurance policy requires careful consideration of several factors. Coverage needs vary depending on your destination, trip length, and the activities you plan to engage in. For international travel, ensure your policy includes travel medical insurance to protect against potential health care costs abroad.

When comparing policies, assess the medical coverage details to understand the extent of protection offered.

Consider the following points when choosing your travel insurance:

• The nature of your trip (leisure, business, adventure, etc.)
• The duration of your stay
• Specific coverage for activities or sports
• Policy exclusions and limits
• Customer service and support
• Claims and reimbursement process

Remember, the best policy is one that provides adequate coverage for your specific needs at a reasonable cost.

Where You’re Going

The destination of your trip plays a crucial role in determining the type of travel insurance you need. Different locations may have varying levels of risk associated with them, which can affect coverage options and prices.

Travel activities also influence the choice of insurance. For example, if you’re planning to engage in adventure sports, look for policies that offer specific coverage for these activities.

When considering travel insurance, think about the potential risks and healthcare standards of your destination.

Here’s a quick checklist to consider when evaluating travel insurance based on your destination:

• Political stability of the country
• Prevalence of natural disasters
• Quality of local healthcare facilities
• Accessibility to emergency services
• Crime rates and safety concerns

Conclusion

After reviewing dozens of companies, our team found that Faye, Travelex, and Nationwide are the best travel insurance providers, offering a variety of protections and policy options.

However, the right policy for you might vary depending on your coverage needs and travel plans.

When choosing the best travel insurance policy, consider where you’re going and the type of coverage you require. Ultimately, selecting the right travel insurance can provide peace of mind and financial protection during your travels.

Frequently Asked Questions