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Best Travel Insurance Companies for September 2023

best travel insurance companies

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Updated September 14, 2023

Planning to travel in 2023? You’re not alone. According to the U.S Travel Association, a trade group, travel has bounced back after the pandemic. Americans are forecast to spend $1.09 trillion on domestic and international travel in 2023. That's up from $722 billion in 2020 and close to the $1.17 trillion spent before the pandemic in 2019.

Travel has also become more expensive than ever, thanks to increased demand and price inflation. So if you are planning a big trip, you owe it to yourself to consider the financial protection of travel insurance. 

Compare the best travel insurance companies

CompanyPlan nameMax medical coverageMax trip cancel coverage24/7 assistPolicy cancellation
Within 15 days of purchase if travel has not started
100% of insured trip cost
Within 10 days of purchase if travel has not started
AIG Travelguard
$15,000, plus $500 dental
100% of insured trip cost
Within 15 days of purchase if travel has not started
One Trip Basic
Within 15 days of purchase if travel has not started
100% of insured trip cost
Within 10 days of purchase if travel has not started. Other restrictions may apply.
Berkshire Hathaway
ExactCare Value
100% of insured trip cost
Single-trip Essential
$75,000, plus $500 dental
Within 10 days of purchase if travel has not started
Tin Leg
100% of insured trip cost
Within 14 days of purchase if travel has not started

Our top recommendations

Best for adventure enthusiasts: Travelex

Max. No-exam Coverage
Max trip cancel coverage
24/7 assist
TrustPilot Rating : 4.3/5
Within 15 days of purchase if travel has not started.

The Travelex “Basic” plan provides $15,000 of medical and $10,000 of trip cancellation coverage. These coverage amounts are lower than those offered by other companies in our review. However, higher limits are available by selecting the company’s “Select” plan.  

Among its upgrade options, Travelex offers adventure sports coverage for those whose itinerary includes such adrenaline-rush activities as zip lining, skydiving, or mountain climbing. This coverage can be added to any Travelex plan. 

It’s also worth noting that Travelex is one of the highest-rated travel insurance providers on Trustpilot, having earned 4.3 out of five stars (as of Aug. 2, 2023). One recent reviewer noted, "I've always been skeptical of trip insurance and all the promises of straightforward claim processes, but I was blown away with how responsive, simple, and logical the Travelex was. I decline all trip insurance for any travel booking I do now and only use Travelex. Cheaper, more efficient, less red tape. What's not to love?” 

Best standard coverage package: Generali Global Assistance

Generali Global Assistance
Max. No-exam Coverage
Max trip cancel coverage
100% of trip cost
24/7 assist
TrustPilot Rating : 3.5/5
Full refund within 10 days, as long as you haven't left for your trip or filed a claim.

Generali Global Assistance is a European company with insurance services focusing on travel and identity protection. Its “Standard” plan for travel insurance provides $50,000 of medical expense coverage and trip cancellation coverage for 100% of the insured value.  

The plan also includes travel delay, baggage damage, baggage delay, and missed connection coverage. Options such as rental car collision damage and upgrade plans allow you to travel with even more coverage. 

Generali has 3.5 out of five stars with Trustpilot (accessed Aug. 2, 2023).

Best for spontaneous travelers: AIG Travelguard

AIG is a leading global provider of insurance for both individuals and businesses. Its Travelguard “Essential” plan offers $15,000 of emergency medical coverage and trip cancellation coverage for 100% of the insured cost of the trip. Higher coverage amounts are available with the company’s “Preferred” and “Deluxe” plans. 

AIG Travelguard also offers its unusual “Pack N’ Go” plan, designed for last-minute travelers who don't need trip cancellation coverage. This plan includes up to $1,000 of trip interruption and $25,000 of medical expense coverage, along with coverages for trip delays, missed connections, and lost luggage.

AIG promises quotes on its website in less than two minutes, making it easy to include Travelguard in your comparison shopping. Travelguard has 1.7 out of 5 stars on Trustpilot, though this is based on only 58 reviews (accessed Aug. 2, 2023). 

Best for families with young children: Allianz

Allianz Global Assistance (Allianz Travel) is a subsidiary of Allianz SE, the world’s largest diversified insurance company. Its “Basic” plan includes $10,000 of both trip interruption and emergency medical expense coverage. The company offers several plans with higher coverage, along with an “Emergency Medical” plan focused primarily on medical coverage. Allianz also offers several annual policy plans for those who intend to travel multiple times a year.

The company’s “OneTrip Prime” plan extends coverage for free to children under age 17 who are traveling with a parent or grandparent, making it ideal for family vacations. Allianz claims the plan is its most popular, with up to $100,000 of trip cancellation and $50,000 of emergency medical coverage.

Allianz earns 4.1 out of five stars in its Trustpilot rating (accessed Aug. 2, 2023), including 75% five-star reviews.

Best for “cancel for any reason” coverage: AXA

Many American consumers may not immediately recognize AXA, but the company is a multinational financial services giant headquartered in France.  Its “Silver” plan—AXA’s entry-level travel insurance offering—includes coverage for $25,000 of emergency medical expenses and 100% of the insured trip cost if the trip is canceled. Additional coverages include trip delay, missed connection, medical evacuation, and baggage coverage. 

The company’s “Platinum” plan provides “cancel for any reason” trip cancellation coverage. This means you can cancel your trip for any reason—personal, professional, medical, family, or other—and expect to receive reimbursement. This contrasts with standard trip cancellation coverage, in which the cancellation must be for one of the specific reasons stated in the policy contract. The “Platinum” plan also includes higher amounts of emergency medical expenses and other coverages.  

AXA has 3.2 out of 5 stars in its Trustpilot rating (accessed Aug. 2, 2023). 

Best for luxury travel: Berkshire Hathaway

Berkshire Hathaway is one of the country’s largest companies (currently seventh on the Fortune 500). It’s also the parent company of auto insurance giant GEICO. 

Berkshire Hathaway’s “ExactCare Value” policy plan includes $15,000 of medical coverage and trip cancellation coverage of 100% of the insured value of the trip. The plan also includes coverage for lost baggage, baggage delay, trip delay, and emergency evacuation.  

Berkshire Hathaway offers a specialized insurance plan for luxury travel. This plan features higher medical and trip cancellation coverage limits, $2,500 worth of lost baggage coverage, $35,000 of car rental collision coverage, and 24/7 worldwide travel assistance. 

Berkshire Hathaway Travel Insurance does not currently have a Trustpilot rating (accessed Aug. 2, 2023).

Best for cruises: Nationwide

Nationwide is one of the country's most recognizable insurance brands, with policies available for homes, cars, and businesses. The company also offers travel insurance. 

Its “Single-trip Essential” travel insurance plan provides $75,000 in medical emergency coverage. This is the most coverage of any of the companies in our review. Nationwide’s $10,000 limit for trip cancellation is lower than that of other plans, however. 

Higher limits are available with its “Prime” plan, along with a cancel-for-any-reason option that pays 75% of the insured trip cost. The plan also includes a variety of additional coverages, such as trip delay, baggage delay, emergency medical evacuation, and optional rental car coverage.  

Nationwide also offers a separate, specialized travel insurance policy for those embarking on cruises. Besides expected coverages such as trip cancellation and emergency medical, it covers itinerary changes, mechanical breakdown, and missed connections.

Nationwide has earned 1.9 out of 5 stars in its Trustpilot rating, based on only 42 reviews (Accessed Aug 2, 2023).

Best for amateur athletes: Tin Leg

Tin Leg travel insurance policy plans are underwritten by Berkshire Hathaway and other companies. Its “Economy” plan includes trip cancellation coverage at 100% of the insured cost and $20,000 of emergency medical coverage. The company offers a variety of additional travel insurance plans with varying levels of coverage. 

If you’re traveling to participate in a sports event and bringing your expensive gear, Tin Leg could be a great choice. Its “Economy” plan includes coverage for loss of, or damage to, sporting equipment (such as a bicycle or skis). It also reimburses your event registration fees if your trip is canceled or interrupted.  

Tin Leg has a Trustpilot rating of 1.9 out of 5 stars (accessed Aug 2, 2023), though this is based on only 13 reviews. 


To develop our recommendations, we gathered information about several leading travel insurance providers from their websites and third-party reviews, where available. We focused on the range of essential coverages, including emergency medical coverage and trip cancellation coverage, along with the availability of 24/7 customer support during travel. Where it existed, we noted each company’s policy cancellation terms. 

We reviewed the most economical plan for each company that included both medical and trip cancellation coverage. We also noted optional coverages and upgraded plans that provide higher levels of coverage or specialty coverages for niche travel. 

This information is for comparison purposes only. Please verify policy details before purchasing. 

How to select the best travel insurance company

Follow these tips to choose the best travel insurance company for your needs. 

Determine your needs

Your travel insurance needs for a Caribbean cruise may differ significantly from those for a backpacking trip through the Swiss Alps. Your first step should be to outline your travel expense budget and list the activities in which you plan to participate (note that some policies include optional coverage for certain activities, such as adventure sports). Also, consider your health status, as some policies require you to pay extra for certain pre-existing health conditions. 

Investigate your travel insurance options

Check if you might already have some travel insurance readily available to you. Some credit card companies offer coverage if you use their card to pay for your trip. Coverage may also be available from a tour operator or an airline. You can also get recommendations from a travel agent or an independent insurance agent. 

Compare available features and coverage amounts

You'll discover that each travel insurance provider offers varying levels of standard coverage, such as trip cancellation and emergency medical expense, along with optional coverages. They typically also offer multiple plans (think "good," "better," and "best"). Review these and select a few providers that offer the coverages you need.  

Get quotes from multiple companies

As with any other type of insurance, travel insurance costs vary among companies. Check with at least three or four to ensure that you're getting the coverage you want at a price you can afford. 

Time STAMP: Travel is more expensive than ever. Protect your trip with travel insurance

Business and pleasure travel alike have bounced back from the pandemic. However, traveling has also become much more expensive, thanks to inflation and increased demand. If you plan to head to some far-off destination—whether by air, road, rail, or ship—consider buying travel insurance. A policy reimburses covered medical costs, trip interruption, and other snags that may befall your trip.

Frequently asked questions (FAQs) 

How is your travel insurance cost determined?

Your travel insurance cost will vary based on the amount of coverage purchased, the number of travelers, the age of the travelers, and your trip destination. Travel insurance costs also vary by insurance company, underscoring the need to shop around for coverage.

Which travel insurance coverages are available?

Travel insurance policies typically include the following coverages. 

  • Emergency medical expenses. This helps cover the cost of care if you or anyone insured by the policy has a medical emergency during your trip.  
  • Trip cancellation. This covers the cost of your trip if it's canceled due to one of the reasons listed on the policy contract. You may also have an option for "cancel for any reason," which provides coverage if the trip is canceled, regardless of the reason why. 
  • Trip interruption. This covers costs related to a shortening of your trip. These costs might include reimbursement of prepaid hotel bookings, airline change fees, or extra accommodations needed during your trip home. 
  • Emergency medical transport. This covers the cost of transportation to the nearest medical facility if you have a medical emergency during your travel. 
  • Luggage damage. This provides coverage if your luggage is damaged or lost during travel. 
  • Travel delay. This covers costs associated with a significant delay to your travel, including additional accommodations and meals. 

I’m concerned about getting sick while traveling. What insurance should I look for?

If you’re concerned about getting sick, be sure to choose a policy that includes coverages such as emergency medical (which helps pay for your medical expenses) and emergency medical transport (which helps pay for transportation to a hospital). 

Do I need travel insurance for a cruise?

Travel insurance is worth considering for a cruise. As insurer Allianz notes, a policy can help you recoup costs if you need to cancel at the last minute, have a medical emergency while on board or at a stop (regular health insurance may not provide coverage outside of the U.S.), or if you miss the ship all together due to a delay by your airline.

Is there travel insurance for multiple trips?

If you’re planning to take multiple trips in a single year, you might want to consider multi-trip insurance (also called “annual” travel insurance). This type of policy typically provides trip interruption, emergency medical expense, trip delay, and other coverages at a price that’s less than buying a policy for each trip. 

How do I file a travel insurance claim?

If you need to file a travel insurance claim, call the insurance company. Each company has its own process for claim filing. You'll want to be sure you have the proper claim forms and understand what supporting documentation the company requires. Be sure to follow the company's instructions for submitting your claim request.  

How long does it take for a travel insurance claim to be paid?

It can take several weeks for a travel insurance claim to be paid. Be sure to watch for any follow-up requests from your insurer (such as requests for additional documentation) and respond promptly to avoid unnecessary delays.

Does my credit card offer travel insurance?

Some credit cards do offer varying levels of travel insurance, including trip interruption, medical expense, trip delay, and emergency evacuation coverage. Check your credit card terms and conditions or benefits statement to understand what coverage may be provided.

The card_name card offers one of the best portfolios of travel insurance benefits, including $100,000 of emergency transportation coverage, $2,500 of emergency medical and dental coverage, and up to $20,000 of trip interruption coverage.

The information presented here is created independently from the TIME editorial staff. To learn more, see our About page.