Best Travel Insurance Companies of 2022

It could make sense to purchase travel insurance if you are spending hundreds or thousands of dollars on a vacation. Travel insurance safeguards your trip investment in the event you have to cancel or cut short your vacation due to a variety of factors such as weather, illness, government shutdowns, and more.

Many plans also cover lost luggage and medical treatments incurred while traveling. The finest travel insurance policies are both inexpensive and comprehensive. They should have few exclusions and limitations, as well as a high level of client satisfaction. You should also conduct research to ensure that the policy covers your specific trip.


1. Travelex

Travelex provides comprehensive coverage (up to 150 percent for interruptions) for you or your entire family at a low cost—and kids are covered at no additional cost. It was our top pick because of the inexpensive price and strong levels of coverage. For the best coverage, look for the Travel Select plan. Travelex Insurance Services, situated in Omaha, Nebraska, is a well-known travel insurance provider.

Travelex (not to be confused with foreign currency exchange shops) was founded in 1996 and offers a variety of insurance packages depending on the coverage you require for your trip. Berkshire Hathaway Specialty Insurance Company, which has an A++ rating from AM Best and an AA+ rating from Standard & Poor’s, underwrites the policies. Customers can get coverage anywhere in the world.


2. Allianz Travel Insurance

Because of its wide coverage for frequent travelers at a moderate cost per trip, Allianz comes in second. The AllTrips Executive plan provides the most comprehensive coverage. Individual trips can also be covered. Allianz Travel is a division of Allianz, a German insurance company founded in 1890. Travel plans are only available to lawful U.S. residents and are insured by insurers with AM Best ratings of A to A+.

Annual travel insurance, rather than separate per-trip coverage, should be considered for travelers who travel frequently throughout the year. Allianz Travel offers four annual plans with varied levels of coverage. Its AllTrips Executive plan, which has the greatest limits and coverage, is one of our favorites.


3. InsureMyTrip

With one form, you can compare policies from more than 20 different travel insurance providers to ensure you’re getting the best rate for the coverage you require. You can get low-cost trip insurance or tailor a plan to your specific needs to avoid overpaying for coverage you won’t use.

InsureMyTrip, a travel insurance comparison website founded in 2000, searches from more than 20 providers using a single input form. It has a simple signup form that allows you to rapidly compare several policies based on your specific requirements. There are filters to help you find insurance that cover adventure sports, larger limits, increased medical coverage, and more.


4. World Nomads

This plan offers significant coverage ($100,000 accidents) for some of the most extreme experiences, making it ideal for adventure travelers and digital nomads. For those seeking adventure, World Nomads is a good option. The Australia-based company is a good choice for international travel with few restrictions.

Various insurers, including the financially sound and well-known Nationwide Mutual Insurance Company, Generali Global, AIG, and Lloyd’s, underwrite policies. Terrorist attacks, assaults, medical repatriation, equipment and baggage, and international medical and dental care are all covered.


5. HTH Travel Insurance

Senior travelers who require superior protection with flexible options while on a budget may benefit from high levels of medical coverage. HTH Worldwide was established in 1997, and HTH Travel Insurance provides comprehensive medical coverage. This is a major concern for seniors who are leaving the nation, as they may find themselves in a doctor’s office or hospital, with a large bill to pay.

HTH Travel Insurance provides medical coverage up to $1 million in total. Travelers with existing primary insurance can get 100 percent coverage for things like surgery, testing, office visits, inpatient hospital stays, and prescription prescriptions outside of the United States, among other things.


6. Nationwide

Several choices are available to secure your cruise holiday with customized coverage for common cruise trip issues. Check out the different benefit levels to see which one is best for you. Since 1925, Nationwide has offered the most common types of insurance, including auto, house, and life. It also offers a wide range of travel insurance options for single trips, multi-trips, and cruises.

Nationwide offers trip cancellation up to $10,000 in its Essentials Plan and $30,000 in its Prime Plan to protect your single visits. For $59 a year, travelers can acquire an annual travel insurance package that covers delays, medical bills, medical evacuation, lost luggage, and travel support.


7. GeoBlue

It provides several options for purchasing travel medical insurance at a lower cost than a full travel insurance package. If you don’t want or need supplementary travel coverage, it provides medical coverage on its own. GeoBlue is a division of Worldwide Insurance Services, and its policies are backed by a Blue Cross Blue Shield Association license.

4 Ever Life International Limited, a company with a 60-year existence and an A grade (Excellent) from AM Best, issues the policies.  GeoBlue is a wonderful option if you only require medical coverage. This company exclusively provides travel medical insurance. When you pay for medical coverage, you’re not paying for the rest of your travel insurance, which may be covered already.



When it comes to travel insurance, there are numerous options to consider. If your travel plans are canceled or disrupted at the last minute, it can give you peace of mind and save you hundreds of dollars. With global catastrophes such as pandemics, natural disasters, and wars threatening to derail your trip plans, travel insurance can help you stay prepared. Overall, Travelex is our top pick for travel insurance.

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