The Best Travel Insurance Companies
Although your best option might be getting travel insurance through your personal insurance provider, you might find better coverage from a full-fledged travel insurance provider. Even though your insurance company offers travel insurance, they don’t underwrite the policy and submitting a claim can quickly become a headache.
Best Travel Insurance for Frequent Travelers: Allianz
Allianz offers travel insurance up to a year at a time. You can buy a one-time trip plan for a few days or an annual plan if you are going abroad for several months at a time. This is a top pick if you want a single policy for multiple trips.
With Allianz, you are better off sticking with their regular plans and avoiding their add-ons (other insurance companies offer more additional coverage options). That said, they have many different plan levels that make it easy to avoid the add-ons. If you choose the OneTrip Premier plan, for instance, your children under age 18 are included in your policy too.
You might also enjoy going with Allianz if you prefer a well-trusted company. Allianz has a stellar A+ Better Business Bureau rating.
Best Travel Insurance for Extreme Sports: SafeTrip
Extreme sports are a broad topic. Make sure your planned activities are covered under the extreme sports rider with any travel insurance company. SafeTrip is one of the better options for the following extreme sports activities:
- Bungee Jumping
- Scuba diving
Most travel insurance companies require a separate policy for hang gliding, skydiving, and para-surfing. You might be able to purchase this add-on through the insurance provider or you might need to go through a separate company for these activities. SafeTrip waives this add-on fee for certified scuba divers.
Every travel insurance company treats extreme sports differently and might exclude certain activities. It’s worth your time to get quotes from multiple travel insurance companies to find the best rate. After all, if the quote doesn’t mention your sport, it’s probably not covered by the travel insurance provider.
Regarding flight lessons, no travel insurance company covers this activity. It’s a bummer, but at least it’s possible to get insurance for nearly any other extreme sport.
Best Travel Insurance for Children: Travelex
Most travel insurance companies either charge a discounted rate for children or don’t cover them at all. Bringing your children along can quickly increase your travel insurance premium if you don’t use Travelex.
You won’t pay extra for adding your children and you can enjoy full coverage benefits too. With their Travel Basic plan, you can enjoy these additional coverages for free:
- Pre-existing exclusion waiver
- Financial default coverage
- Cancel for business reasons
Travelex is also a good option for extreme and adventure sports. It’s worth giving them a glance in addition to SafeTrip to compare quotes.
Best Travel Insurance for Solo Travelers: John Hancock
Traveling solo can be an entirely different ballgame if this is your first time alone. In addition to checking neighborhood safety scores, you should also consider getting a policy from John Hancock Travel.
John Hancock is a leading name in the insurance business world. Their travel insurance plans are a good option for solo travelers. While you can’t add children, you can have generous coverage amounts at reasonable rates. You can choose between their Bronze, Silver, and Gold plans that start at $24 per trip.
Every plan includes the following benefits at no additional charge:
- Single Occupancy Supplement
- Terror Attack Coverage
- 24/7 Emergency Travel Assistance
If you get sick on your trip or have an emergency event, the Bronze plan comes with up to $50,000 in coverage. Note that this is the maximum coverage amount with several other travel insurance companies.
One downside for John Hancock is that you can’t get an extreme sports add-on for your policy.
Best Travel Insurance for Military Members: USAA
As a member of the Armed Forces, you never quite know when you might get deployed or reassigned. USAA is the best option for military members for these reasons:
- Free cancellation for deployments and reassignments
- Children covered at no additional cost
- Earn vacation points for future award travel
Travel Insured International services USAA all travel insurance policies. Getting your policy through USAA is a good idea for the additional benefits.
Best Travel Insurance for Seniors: Tin Leg
Tin Leg often receives high marks for senior travel insurance. Tin Leg offers very competitive rates that can be more affordable than other companies mid-tier plans. You have a choice between three different plan options. With Tin Leg’s Luxury plan, you can enjoy $100,000 in emergency medical coverage and $250,000 for medical evacuation and repatriation too.
The best travel insurance company is different for each traveler. Your quote depends on your planned activities, travel frequency, and the number of travel companions you’ll have. However, it only takes a few minutes to get multiple quotes. You’ll be thankful you did, especially if you need to file a claim.