It can be exciting to explore incredible activities for your bucket list, think about idyllic walks and beaches, and plan inexpensive flights to the most breathtaking places on earth. Planning allows you to take charge of your vacation and fantasize about all the exciting activities you’ll participate in.
Finding the best travel insurance companies for your trip is a lot less fun, but it’s just as important.
It can get a little laborious reading through the small print, looking for reliable reviews, and choosing the best plan.
Also, it could feel a little overwhelming.
There are numerous businesses that all appear to offer comparable plans. But they are all priced differently as well. Which is the superior choice? What review is accurate?
I wanted to give you my recommendations for the best travel insurance companies to help you sort it all out. I’ve been doing business research for a living and I took my time with the small print.
I’ve put together a list of the top travel insurance providers to save you time. This list can assist you in locating a firm that fits your needs and budget, whether you’re taking a trip to the south to get away from work or abroad for a round-the-world tour.
The Top 5 Travel Insurance Companies In 2024
» Best Overall: Safety Wing
» Comprehensive Coverage: World Nomads
» Expats: Insured Nomads
» Older Travelers: Insure My Trip
» Medical Evacuations: MedJet
A breakdown of the best travel insurance companies in 2024;
Safety Wing
TOP PICK: Best overall insurance provider
One of the newest companies in the travel insurance market is Safety Wing Insurance. This California-based Norwegian firm caters particularly to digital nomads and remote professionals. They are, in my opinion, the best company out there. They provide incredibly reasonable and reliable insurance.
Overview of Safety Wing:
- Offers deductible-based monthly plans at reasonable prices
- You can purchase a plan before you go or once you get there.
- Online claim filing is possible.
- You retain your medical insurance for 30 days in your native country after returning from 90 days abroad.
- One adult and two children under the age of 10 may be included for free on your plan.
- Up to $5,000 USD for canceled or delayed travel (with no deductible)
- Best for budget-conscious and digital nomad tourists
It also has affordable plans. Even though having a fixed monthly payment (depending on coverage and age) is convenient, you will still have to pay a $250 USD medical deductible.
Additionally, it’s absurd that devices like phones, laptops, and cameras are not covered in this day and age. (If the lost or stolen things were in your checked luggage, you may be paid up to $500 USD per item, but who checks their pricey items?)
Pros:
- Benefits Very inexpensive
- provides some coverage for COVID-19
- backed by just one insurance provider
- up to the age of 69
Cons:
- No travel insurance coverage (and only minor trip delay coverage)
- Payout only available by wire transfer and check (no direct deposit)
- A minimal level of insurance for your equipment and adventurous activities
Safety Wing is one of the best travel insurance companies for people who are traveling on a tight budget and only need basic coverage. Safety Wing is the best if you want some medical coverage, don’t care about your electronics or have a solid trip cancellation or interruption policy, and just want a cheap plan.
For travelers 18 to 39 years old, monthly plans begin at $42 USD per month (with a $250 USD deductible). Monthly plans for visitors to the United States cost $77 USD each.
This firm is the one to choose if you only want basic “I just want to be insured for the big stuff” coverage.
Also read; SafetyWing Travel Insurance: The Ultimate Review 2024
Get a policy from SafetyWing →
World Nomads
Best comprehensive coverage
I’ve utilized World Nomads insurance f For adventurous tourists who want to go hiking, kayaking, canoeing, or even participate in some extreme sports like mountain climbing or bungee jumping, World Nomads offers complete plans. World Nomads is a great option for active travelers because it covers 200 different activities.
Overview of World Nomads:
- Dental and urgent care insurance
- Trip interruption, delay, and cancellation insurance
- Coverage (based on your location) till age 69
- Baggage security
- Emergency departure (for medical emergencies and non-medical emergencies such as natural disasters)
- Health care transportation
- 24/7 customer support
- Some COVID-19 medical expenses are covered
Pros
- Offers tiers for basic and premium coverage
- Some COVID coverage and the ability to file a claim after your trip is done
- The website can be used for everything.
- Companies such as Lonely Planet, Eurail, and Intrepid Travel trust World Nomads
Cons
- Checks paid for claims
- No coverage for car rentals under the Standard Plan
- They also provide more trip cancellation, interruption, and delay coverage than any other provider we studied.
Prices vary depending on your age, where you live, where you’re going, and how long you plan to stay. For the Standard Plan, a one-month policy typically costs roughly $120 USD. However, for multi-month journeys, that amount is reduced to $105 USD.
World Nomads is known as one of the best travel insurance companies in the world. Yes, more expensive than the other businesses on this list, but they offer a lot more services. With them, you genuinely get very thorough coverage for the price you pay.
NOTE: Use Safety Wing if you’re a traveler from the US. Their US service is superior.
Get a policy from World Nomads →
Insured Nomads
Best insurance for expats
Although Insured Nomads offers standard travel insurance, their long-term traveler coverage truly distinguishes them.
I think this organization is the best choice for expats and digital nomads who want a full insurance plan that covers frequent doctor visits, prescription drugs, and other routine care. Additionally, they provide telemedicine and mental health coverage—options that essentially no one else does.
Emergency care coverage is a common feature of travel insurance. Insured Nomad’s International Health Insurance covers both routine medical appointments and unexpected crises. Even though it costs more than your typical insurance plan, it offers much more coverage, making it an excellent option for people who work remotely while traveling.
Pros
- Advantages Coverage of both routine and emergency care
- Coverage for mental health
- Prescription medication, maternity, and immunization coverage
- There are plans for families and couples.
- Telemedicine
- Ability to select your own deductible
- Up to 1,000,000 EUR in coverage under the plan
Cons
- To apply, you must first obtain a quote because rates differ.
- Without a deductible, their comprehensive coverage is pricey.
Depending on where you’re from and where you’re going, plan costs can vary greatly. While a US traveler traveling the world would pay closer to $500 USD per month, a Canadian traveler relocating to Portugal would pay as little as $200 USD per month.
Even though it’s expensive, this one of the best travel insurance companies people who work from home or travel a lot and want full health care while they work or see the world.
Get a policy from Insured Nomads →
Insure My Trip
Best insurance for older travelers
It’s not true that Insure My Trip is an insurance provider that creates its own policies. Instead, it suggests plans and assists with pricing comparison so you can select the best option for you. Imagine it being like Skyscanner for travel insurance.
You can compare policies from 23 different insurance companies with Insure My Trip. It’s one of the best travel insurance companies for senior travelers because many of the providers on the service cover those over the age of 65. Also, they offer “cancel for any reason” insurance, which means that if you have to cancel your trip for any reason—even one that isn’t covered by standard policies—you can get a portion of your money back.
Overview of Insure My Trip:
- Low prices are promised.
- Coverage for over-65s traveling
- If you believe your claim was wrongfully rejected, “anytime advocates” advise you to ask the insurer to reconsider.
- 23 businesses are compared so that you can receive the best plan.
- Accommodations provided if you become ill while traveling
- Detailed analyses of each policy, so you can see what other passengers are saying.
- Coverage for cruise passengers
- Positive selection of plans, including senior travel options
- Help with rejected claims
- Plans that can be canceled at any time
Cons
- Since it’s a third-party service, a middleman is involved.
Since Insure My Trip is an aggregator, the cost will depend on when you travel, where you go, and where you live.
Get a policy from Insure My Trip →
MedJet
Best insurance for medical evacuations
The best membership program for medical transportation is Medjet. It has great employees who are always ready to help, and its complicated plans put a lot of focus on emergency response and transportation.
Medjet goes above and beyond to ensure that you are repatriated (i.e. sent back to the nation you reside in) and not stranded in a foreign medical facility away from your friends and family, whereas many insurance companies would only send you to the nearest hospital in an emergency.
There are both short-term and annual plans, so no matter what your travel plans are, you can get the financial protection you need.
Overview of Medjet:
- Coverage for extensive medical transportation that will return you home
- Does not require government-issued warnings to begin evacuation; lets you choose which medical facility to move to
- There are medical transfers available both domestically and overseas.
- Very little time spent in foreign hospitals
- Both annual and short-term plans
- Accessible to citizens of the United States, Canada, and Mexico
Pros
- Will transport you home, not merely to the closest “approved” hospital
- Inexpensive yearly plans
- Basic and premium coverage are available in two tiers.
- Provides worldwide coverage for COVID-19 and protection up to age 74 (with potential extended coverage to 84)
Cons
- Only accessible to visitors from North America (US, Canada, Mexico)
- No luggage coverage, trip delay, or cancellation
Medjet is the best travel insurance companies to use in an emergency or crisis if you want to avoid having to spend time in a foreign hospital. If you’re concerned about getting carried home, it’s a terrific addition to more basic travel insurance policies.
Plans start at $295 USD per person for a year.
Get a policy from Medjet →
Credit Card Coverage
Anything is always preferable to nothing
Many travel credit cards come with some form of travel insurance, though it may not be the most complete. Most of the time, the coverage is limited and may only apply to trips or things bought with the card. Additionally, there can be a range of coverage dates.
In spite of the fact that it may seem alluring, credit card companies’ free insurance programs are frequently insufficiently comprehensive, have restricted coverage, and/or offer meager rewards. The easiest way to use these free plans is as extra insurance on top of a policy from one of the firms mentioned above.
But having choices is always a good thing (especially free ones). Before your upcoming trip, make sure to read the fine print and learn more about the finest travel credit cards.
Consider a policy from Clements if you’re traveling with a lot of pricey equipment and devices and want to be sure you’re covered. Its coverage isn’t as easy to obtain as the businesses mentioned above (you must get an estimate via phone or email), but if you believe you’ll need it, higher coverage for gear and electronics is available.
Nobody travels expecting to get injured. And in an ideal situation, we wouldn’t. We are all aware that the world is not flawless.
Make sure you have coverage before leaving on your next trip. Invest in your own security and tranquility. You’ll get your money’s worth, I assure you!
