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Our travel insurance experts have spent hundreds of hours analyzing travel protection, digging in to the fine print and policy language to unravel what you’re covered for in plain words. We lay out the types of policies and features each company offers, complete with our expert take on its standout features, benefits and drawbacks. Compare all your options for travel insurance before your next trip.
Compare travel insurance policies for your next trip
When should I get travel insurance?
Travel insurance acts as a safety net. It protects you from a range of travel risks that can happen both at home and abroad. Buy your policy as soon as you’ve booked any part of your trip. By doing so, you’ll be able to take advantage of the cancellation elements of the policy should anything go wrong.
What are the different types of travel insurance policies?
Broadly speaking, there are two types of travel insurance: Single trip and annual policies.
Single trip coverage. This policy type covers you for one continuous journey, which can include multiple destinations. Coverage ends once you return home.
Annual-multi trip coverage. Annual policies provide you with protection for multiple trips throughout a 12-month period.
Breakdown of travel insurance policy types
Within the two coverage types, there are various options to choose from:
International. If you’re heading abroad for your next vacation, compare international insurance policies. Be sure the policy covers the region you’re traveling to.
Domestic. Domestic travel insurance provides you with coverage for traveling around the US. However, most policies require that you travel at least 100 miles away from home.
Comprehensive. Comprehensive plans cover trip cancellation or delay, baggage delay and loss and trip interruption, as well as medical and medical evacuation. Insurers generally offer basic, mid-range and high-end plans.
Cruise. Some comprehensive policies cover cruises as standard. Other insurers require you either get a cruise-specific insurance policy or add a cruise option to your existing policy.
Luggage only. It’s good to add this if you’re worried about your luggage making it to your destination on time or undamaged.
Cancellation only. Coverage when unexpected events force you to cancel your vacation. Be sure to check the listed reasons for cancellation outlined in your certificate travel insurance.
Cancellation for any reason (CFAR). CFAR is generally an add on for a comprehensive policy. By paying an additional premium, CFAR allows you to cancel your trip at any time and for any reason. Benefits generally range from 50% to 75% of your lost prepaid travel expenses.
Some of the top travel insurance companies we compare
What does travel insurance cover?
Many travel insurance policies coverage these situations and events:
Trip cancellation. If you’re forced to cancel your trip, trip cancellation reimburses your lost, prepaid, non-refundable expenses. Most insurers have a list of approved reasons for cancellations.
Trip interruption. If you find yourself in a situation where you need to cut your trip short and return home, if your reason is covered by your insurance you’ll be reimbursed for the unused, non-refundable part of your trip and the additional or increased transportation expenses.
Travel delay. This provides reimbursement for additional accommodation and travel expenses because of a delay of six hours or more.
Cancelation for any reason. Most insurance providers offer CFAR for an additional feature. This coverage lets you cancel your trip for any reason before your trip begins. If you’re worried about civil unrest, changed your mind or if you become sick, coverage provides a reimbursement of around 50% to 75% of your non-refundable, pre-paid travel costs.
Missed connection. If you miss a scheduled cruise or flight, missed connection coverage reimburses any resulting expenses.
Baggage. Provides a benefit for lost, damaged or or stolen luggage and other personal effects.
Baggage delay. Coverage reimburses when you buy essential items if your luggage is delayed for 24 hours or more.
Medical. Coverage for necessary emergency medical expenses incurred during your trip.
Dental. Depending on your policy, this will cover emergency dental work.
Pre-existing conditions. Some insurers will offer medical coverage if you have a pre-existing condition, as long as you haven’t shown symptoms.
Evacuation. If you’re in need of emergency medical transportation due to an illness or injury, you’re covered for transportation to the nearest hospital or appropriate facility.
Accidental Death. Accidental death coverage provides a benefit for your named beneficiary if you suffer an injury or accidental death during a trip.
24 hour assistance. Make sure your policy offers 24 hour worldwide assistance. This way, no matter what the situation there’ll always be someone there to lend a helping hand.
What isn’t covered by travel insurance?
Every travel insurance policy has exclusions, which are situations when the insurer won’t provide coverage. These are the most common exclusions:
Claims for intentional bodily harm, including suicide.
Losses due to adverse weather conditions, if you cancel your trip.
Losses incurred while you were participating in an unlawful act.
Losses that are the result of your participation in an extreme sport.
Claims for travel losses where the purpose of the trip was to receive medical treatment abroad.
Claims for situations where you didn’t do everything within your power to reduce or mitigate your losses.
Losses related to war, military actions, civil disorder and riots.
Claims relating to mental, psychological or nervous disorders.
Claims relating to existing medical conditions, though some offer waivers, so check with your provider.
Losses sustained while you were under the influence of drugs or alcohol.
Losses due to venereal disease, AIDS, pregnancy or abortion.
Claims for nuclear radiation or radioactive contamination.
How much does travel insurance cost?
The price of your policy comes down to a range of factors, including:
The level of coverage. This is a major factor in the cost of your policy. For example, if you’re traveling light, opt for a policy with a lower luggage, or if you’re older and have health issues, you may need a policy with higher medical benefits.
The age of the traveler. Age is the other major factor when it comes to the cost of travel insurance. The older you are, the more risk you pose to an insurer, resulting in increased premiums.
Where you’re going. Your destination will impact the cost of your coverage depending on its perceived risk to the insurer.
The length of travel. The longer you’re away, the more risk you pose to an insurer.
Number of travelers. The number of travelers increases the cost of your premium. Some insurers offer discounts for insuring multiple travelers on one policy. Always check with your insurer before buying a policy.
Tips when buying a travel insurance policy
When you’re shopping for coverage, take on these tips to make sure you have enough protection:
Get your coverage early. Take out coverage as soon as you’ve paid for any part of your trip. Certain coverage require that you’ve held the policy for a minimum amount of time, generally between seven to 14 days. This affects coverages such as CFAR and financial default.
Evaluate how much coverage you already have. Does your homeowners insurance offer coverage for your belongings? Does your credit card provide some travel insurance? Take into account how much coverage you already have to determine how much more you may need.
Don’t skimp on overseas medical. If you’re heading overseas make sure the policy offers a high level of medical coverage.
Get coverage for your pre-existing conditions. If you have a pre-existing condition, check with your insurer about getting a waiver.
Get cover for only what you need. If you’re backpacking, choose a policy with minimum coverage for luggage. Don’t over-insure your trip.
Check cruise coverage. While cruise coverage can be expensive, it’s worth it. Evacuation at sea can be expensive.
Read your policy certificate. Every policy is different. Even if you’ve bought travel insurance before, chances are there will be slight variations in coverage. Make sure you read through the policy certificate.
What to know before getting a quote
Before getting a quote, line-up what your needs are by asking yourself these questions:
How long is your vacation? To get an accurate quote, you’ll need to know your departure and arrival dates.
How much does your trip cost? To make sure you’re getting the right amount of coverage, your insurer needs to know how much your trip cost. This is your prepaid, nonrefundable travel costs.
When did you make your first travel payment? This date will determine your eligibility for coverages like trip cancellation.
Where are you going? You’ll need to list every country you’re visiting. This will allow your insurer to accurately assess the risks you’ll face
How old are the travelers? You’ll need to know the ages of all those traveling with you. This is the age they are at the time of buying the policy, not the age they’ll be when traveling.
Why we don’t advise buying travel insurance through your airline
While airline policies are cheap, they don’t provide much in the way of coverage. They can also be more expensive than going directly to the insurer. The sample quote below illustrates the difference in coverage when buying from an airline rather than by going direct, even from the same underwriter:
Coverage
Airline insurance
Standalone
Trip cancellation / interruption
Up to trip cost (max $10,000)
$1,000
Trip interruption
None
$1,500
Emergency medical transportation
$50,000
$500,000
Emergency medical / dental
$10,000
$25,000
Baggage coverage
$500
$1,000
Baggage delay
$100
$300
Travel delay
$150
$800
Missed connection
None
$800
Change fee coverage
$150
$250
Concierge
Included
Included
24 hour hotline
Included
Included
Existing medical conditions coverage
Available
May be included. Restrictions apply.
Frequent traveler loyalty plan
None
$250
Cost
$92.00
$41.00
The sample quote was retrieved for a traveler with the following details:
You may come across these terms when you’re researching travel insurance:
Actual cash value. This is the amount you paid for an item, less depreciation.
Baggage. This includes your luggage and it’s contents.
Dependent. Your spouse or unmarried children under the age required by your insurer.
Departure date. This is the date listed on your insurance certificate of when you’re scheduled to leave on your trip.
Effective date. This is the time and date your coverage starts.
Return date. This is the date listed on your insurance certificate when you’re scheduled to return to your final destination.
Severe weather conditions. This describes weather conditions such as hailstorms, blizzards or ice storms.
Premium. The financial cost of buying travel insurance.
Pre-existing condition. Any condition either you or your traveling companion were aware of or got treatment for before you bought coverage.
Unlawful acts. Any crimes committed by you or your traveling companion while you were away.
Bottom line
Buying travel insurance is an essential part of trip planning. Travel can be unpredictable, and the right policy can cover you in case you run into any unexpected events while you’re away from home. There are a variety of policies to choose from, so compare travel insurance companies to get the coverage you need at the best possible price.
Common questions about travel insurance
No. Depending on who you’re traveling with, you may be able cover everyone on one policy. There are several types of coverage including single, couple, family and group policies, each with its own benefit.
Yes. If you have young children, your kids are covered for free by your travel insurance. Once they are no longer dependents — over 21 years old— you can still get coverage on a family policy.
It depends. If the two of you cohabitate, you can be covered on the same policy. However, conditions vary from state to state.
Maybe. For group insurance, you’ll need to contact the insurer to make sure you’re eligible for this type of coverage. For instance, most states have their own travel insurance regulations so you all have to be from the same state.
Roslyn McKenna is an insurance publisher for Finder, where she's driven to help people get a great deal on insurance to protect their families and finances. Roslyn earned a BA in writing and communications from Maryville College and has written professionally for more than a decade, showing up on Bankrate, MSN and Reader's Digest.
Is it for your son/ daughter? If yes, you may check student travel insurance for the policies that can cover your son/daughter if he/she is still under 21 years of age and engaged in full-time study. Alternatively, you may get sample quotations from the insurers just to clarify to the insurers if they can accommodate the needs of your minor son/ daughter.
Furthermore, there are two types of travel insurance that you may choose from, the first one is the Single trip which covers one continuous journey even if you’ll have multiple destinations and will end once you are back home. Another one is the Annual-multi trip which offers coverage for multiple trips within the next 12 months. You may look into each policy that we have listed above and click on the ‘Go to site’ button if you wish to get to the insurer’s website.
Remember to read the coverage of the policy that you wish to apply to know which will best suit the needs of the traveler.
I hope this information helps.
Let us know if there is anything else that we may assist you with.
Each brand has their own limits and most travel policies include emergency medical and evacuation. There are medical travel insurance plans you can compare that cover your medical expenses if you get sick overseas.
Please review the Terms and Conditions to make sure you have sufficient cover before you travel.
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My husband and I have a reservation for a train trip. Do you offer coverage?
Hi Marsha,
Thank you for your inquiry.
If your trip is domestic, you need to check with the insurer the minimum distance required for your domestic travel insurance to apply.
I hope this information has helped.
Cheers,
Harold
I need travel insurance (medical) for an unaccompanied minor who will be in Ireland for 8 days. Is this available?
Hi Michele,
Thank you for reaching out to us.
Is it for your son/ daughter? If yes, you may check student travel insurance for the policies that can cover your son/daughter if he/she is still under 21 years of age and engaged in full-time study. Alternatively, you may get sample quotations from the insurers just to clarify to the insurers if they can accommodate the needs of your minor son/ daughter.
Furthermore, there are two types of travel insurance that you may choose from, the first one is the Single trip which covers one continuous journey even if you’ll have multiple destinations and will end once you are back home. Another one is the Annual-multi trip which offers coverage for multiple trips within the next 12 months. You may look into each policy that we have listed above and click on the ‘Go to site’ button if you wish to get to the insurer’s website.
Remember to read the coverage of the policy that you wish to apply to know which will best suit the needs of the traveler.
I hope this information helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash
I’m only interested in emergency medical and medical evacuation insurance. Are there separate policies just for this?
Thank you.
Hi Christine,
Thank you for your inquiry.
Each brand has their own limits and most travel policies include emergency medical and evacuation. There are medical travel insurance plans you can compare that cover your medical expenses if you get sick overseas.
Please review the Terms and Conditions to make sure you have sufficient cover before you travel.
I hope this information has helped.
Cheers,
Harold