Best Travel Insurance Companies of 2025: Top-Rated Brands for Peace of Mind
Why Travel Insurance Matters
Travel insurance protects your trip investment and well-being against unplanned circumstances. A 2023 Business Insider travel analysis highlighted a possible underestimating of travel hazards by showing that just 10.65% of consumers bought "cancel for any reason" insurance. According to a CNBC Select study, travel insurance usually accounts for roughly 7% of your travel spending. That's around $70 for a $1,000 vacation; however, expenses vary between 4% and 16%.
Key Coverages to Consider
If you cancel a prepaid trip or flight for any reason—including illness, death, job loss, or airline bankruptcy—trip cancellation or interruption insurance covers nonrefundable loss. Usually covering 100% of cancellation fees, policies include limited coverage of up to 150% or 200% for interruptions to cover a new journey home.
Medical insurance is vital, particularly when traveling internationally when your regular health insurance might not be valid. Plans offering up to $500,000 in medical coverage for illness and injuries and $1 million for medical transportation are available from HTH Worldwide. Recall that Medicare usually does not pay for foreign medical bills.
Sometimes, even repatriation, evacuation insurance includes emergency transportation to the closest suitable medical center. Seven Corners, for instance, provides coverage up to $1 million for a medical evacuation.
Lost, delayed, or damaged baggage insurance covers Airlines' responsibility for missing checked bags; nonetheless, travel insurance usually offers better benefit limits and covers anything stolen or lost at your destination. For missing baggage, for example, Faye provides a maximum of $2,000 per trip.
An add-on, "Cancel for any reason" (CFAR) insurance, often allows trip cancellation for any reason, usually reimbursing 50% to 75% of nonrefundable costs. Based on a CNBC Select analysis, CFAR coverage typically adds almost 50% to the base policy cost.
Top-Rated Travel Insurance Providers
Popular Nationwide provides adaptable single-trip, multi-trip, and cruise-specific plans. Their Essential Plan is thorough and reasonably priced.
Plans with rising coverage levels from Silver, Gold, and Platinum are available from AXA Assistance USA. Their Platinum plan covers up to 100% of travel cancellals and pays $1 million for medical evacuation.
Travel Guard (AIG) offers tailored plans, including optional bundles for adventure travel, weddings, and automobile rental. Particularly helpful for cruise or tour attendees, their Preferred package provides up to $1,000 for missing connections.
Berkshire Hathaway Travel Protection is notable for its quick claims processing. It often provides same-day reimbursement. The basic ExactCare Value plan includes $35,000 in rental car collision coverage.
Travel Insured International's plans are cheaper than those of other leading companies. Their Platinum plan includes medical coverage of $500,000.
Often including free coverage for children under 17 with each covered adult, Allianz Travel Insurance Up to 80% of nonrefundable trip expenses can be reimbursed with their CFAR coverage.
Seven Corners is advised for cruises, which have significant advantages for mechanical failures, missing connections, and itinerary adjustments. Their Trip Protection Choice program covers till age 99.
Faye provides significant travel delay coverage ($4,500 per trip), fast payouts, and an all-digital claims process.
World Nomads specializes in adventure travel and covers almost 600 sports and activities. Their Explorer plan covers medical evacuation up to $500,000.
Choosing the Right Plan
When a plan calls for your type of travel, destination, budget, and medical history, choosing a customized plan for niche visitors is a good idea. According to a 2025 VisitorsCoverage analysis, personalized plans for niche visitors will become increasingly common.
Using aggregator sites like SquareMouth or InsureMyTrip, you can compare coverage options, limits, deductibles, and exclusions from many providers.
To evaluate customer service and claims handling, read consumer reviews and check company reputations on sites like the Better Business Bureau and Trustpilot.
| Company | Plan Name | Cancel For Any Reason (CFAR) | Pre-existing Condition Waiver | Trip Cancellation | Trip Interruption | Trip Delay | Baggage Delay | Baggage Loss | Medical Coverage | Medical Evacuation | Other Notable Benefits/Features |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Allianz Global Assistance | OneTrip Prime | Yes (80% reimbursement, within 14 days of deposit) | Yes (within 14 days of deposit) | Up to $100,000 | Up to $150,000 | Up to $800 ($200/day, 5+ hour delay) | $300 (12+ hour delay) | $1,000 | $50,000 | $500,000 | Epidemic coverage (COVID-19), SmartBenefits, 24/7 assistance, concierge |
| AXA Assistance USA | Platinum | Yes (75% reimbursement, within 15 days of deposit) | Yes (within 15 days of deposit) | 100% of trip cost | 150% of trip cost | Up to $1,250 ($300/day, 5+ hour delay) | $600 | $3,000 | $250,000 | $1,000,000 | Collision damage waiver, lost sports equipment coverage, 10-day money-back guarantee |
| Berkshire Hathaway Travel Protection | ExactCare Extra | Optional (50% reimbursement, within 15 days of booking) | Yes (within 14 days of deposit) | 100% of trip cost | 150% of trip cost | $1,000 | $150 | $500 | $50,000 | $500,000 | Car rental collision ($35,000), 24/7 assistance, specialized plans (flights, cruises, adventure) |
| C&F Travel Insured | Worldwide Trip Protector Platinum/Deluxe | Optional (75%, within 21 days of initial trip payment) | Yes (within 21 days of deposit) | Up to 100% | Up to 150% | Up to $100/day (12+ hour delay); $500 max (Essential), $1,500 max (Platinum) | $200/person (12+ hours) | $250/item ($750 limit Essential), $3,000 (Platinum) | $50,000 (Essential) - $500,000 (Platinum) | $200,000 (Essential) - $1,000,000 (Platinum) | Job loss coverage, event ticket & electronics coverage, child discounts/free coverage |
| Faye | Single-Trip Plan | Yes (75% reimbursement, within 14 days of initial trip deposit) | Yes (within 14 days of deposit) | 100% | 150% | Up to $300/day ($4,500 maximum, 6+ hour delay) | $200 flat (min. 6 hours w/o receipt) and additional $300 (min. 12 hours w/ receipt) | $2,000 per trip | $250,000 | $500,000 | Pet care & vacation rental damage add-ons, 100% digital claims, quick claims payout |
| Generali Global Assistance | Premium | Yes (60% of non-refundable expenses) | Yes (within 24 hours of final trip payment) | 100% of trip cost | 175% of trip cost | $1,000 ($300 daily limit) | $500 | $2,000 | $250,000 | $1,000,000 | 24/7 assistance, concierge, identity theft resolution, rental car damage ($25,000) |
| GoReady by Aegis | Choice | Yes (75% of insured trip costs, within 14 days of booking) | Optional (within 14 days of deposit) | 100% (up to $50,000) | 150% (up to $50,000) | $200/day ($2,000 limit, 6+ hour delay) | $200/day (12+ hours) | $500 | $50,000 - $500,000 (upgradeable) | $250,000 | No age limit, Cancel For Work Reasons upgrade (100% reimbursement), cruise plans, customizable |
| HTH Worldwide | TripProtector Preferred | Optional (75% of non-refundable costs) | Yes (within 21 days of initial trip deposit) | 100% (up to $50,000) | 200% of trip cost | $2,000 (6+ hour delay, $200/day) | $400 (12+ hour delay) | $2,000 | $500,000 | $1,000,000 | Rental car damage, pet medical expenses, $2,000 COVID-19 quarantine coverage |
| Nationwide | Prime | Optional (75%, within 21 days of booking) | Yes (within 20 days of deposit) | Up to $30,000 (single-trip), 100% (cruises) | Up to 200% or $60,000 | $2,000 (6+ hours, $250 daily limit) | $600 (12+ hour delay) | $2,000 | $150,000 | $1,000,000 | Annual plans, cruise plans, Cancel For Work Reasons (100% reimbursement), 10-day review period |
| Seven Corners | Trip Protection Choice | Optional (75%, within 21 days of booking) | Yes (within 20 days of initial trip deposit) | 100% of trip cost | 150% of trip cost | Up to $2,000 | $600 (12-hour delay) | $2,500 | $500,000 | $1,000,000 | Interruption for Any Reason (IFAR) coverage, rental car protection, sports equipment coverage, event ticket coverage |
| Tin Leg | Luxury | Optional (50% reimbursement, within 14 days of booking trip) | Yes (within 15 days of initial trip payment) | 100% of trip cost | 150% of trip cost | $2,000 (6+ hours, $150/day) | $200/person (24+ hours) | $500 | $100,000 | $250,000 | COVID-19 cancellation coverage, 24/7 assistance, identity theft & concierge services, 15-day money-back guarantee |
| Travelex Insurance Services | Travel Select | Optional | Yes (within 21 days of initial trip deposit) | 100% (up to $50,000) | 150% (up to $75,000) | $2,000 ($200 daily sublimit, 5+ hour delay) | $200 (12+ hour delay) | $1,000 | $50,000 | $500,000 | Free coverage for children 17 and under, car rental protection upgrade, customizable |
| World Nomads | Explorer | Optional (75% of non-refundable costs, within 7 days of booking) | Yes (within 7 days of first deposit) | Up to $10,000 | Up to $10,000 | $3,000 ($150 daily limit, 6+ hour delay) | $750 ($150 daily limit, 12+ hour delay, outward journey only) | $3,000 | $100,000 | $500,000 | 200+ adventure activities covered, coverage extendable mid-trip, affordable rates |
| WorldTrips | Atlas Travel | Optional (50% or 75% reimbursement) | Yes, with lookback period | 100% (up to $100,000) | 150% | Up to $250/day | $100/day (after first 12 hours) | $1,000 | $50,000 - $1,000,000 | Up to $1,000,000 | Affordable, customizable add-ons, generous coverage for core categories |
