7 Best Travel Insurance Companies of 2021

Multiracial friends group walking at railway station platform, staying safe while traveling
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Whether you travel abroad regularly or occasionally, purchasing travel insurance is a smart move. Travel insurance can cushion you when you cancel your trip for reasons beyond your control or when the unexpected happens while traveling.

With thousands of insurance companies out there, it can be overwhelming to find the best travel insurance provider for you. The best travel insurance companies offer protection for trip cancellation, trip interruption, stolen or damaged luggage, emergency medical bills, travel delays and more.

7 Best Travel Insurance Companies

As you plan for your upcoming vacation, here are some of the best travel insurance companies to trust with your trip.

1. Travelex

If you’re planning a trip that includes minor children, you may want to consider Travelex Insurance Services. Most of their plans protect children ages 17 and younger at no extra cost. Travelex has three plans: Travel Select, Travel Basic and Travel America.

Their Travel Select is the most comprehensive plan as it provides coverage for trip cancellation, trip interruption, trip delay, missed connection, baggage delay, sporting equipment delay and travel assistance. The plan comes with $50,000 for emergency medical expenses and up to $500,000 for medical evacuation and repatriation.

What You Should Know

  • You’ll get up to 100% of the insured trip cost for trip cancellation and 150% for trip interruption.
  • Travel Select also offers coverage for pre-existing conditions if you purchase the plan within 15 days of the initial trip payment.
  • Travel Basic offers nearly the same benefits as Travel Select, but coverage is quite lower and doesn’t protect kids and sporting equipment delay.
  • For this reason, the plan is ideal for anyone looking for essential travel insurance benefits at an affordable price.
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If you’re looking for coverage for trips within the U.S., Travel America is a perfect plan. The plan comes with tons of benefits and offers protection for up to eight travelers, plus a 3-day pre-existing condition exclusion waiver.

Travelex lets you customize your plan to meet your trip needs with various upgrade options, including the option to cancel for any reason, car rental collision, adventure sports coverage, additional medical coverage and AD&D common carrier.

2. World Nomads

World Nomads is the best travel insurance company for adventure travelers and digital nomads. The company offers two coverage plans — Explorer and Standard — with tons of benefits, including trip cancellation, trip interruption, baggage delay, emergency medical insurance, emergency evacuation and gear protection. The plans also cover various activities including skiing, surfing, scuba diving, bungee jumping, mountain biking and more.

What You Should Know

  • Coverage amounts may vary depending on the plan you choose and where you live.
  • For Americans, if you purchase the Explorer plan, for example, you’ll get up to:
    • $10,000 trip protection
    • $100,000 for emergency medical and dental expenses
    • $500,000 for medical evacuation
    • $3,000 for stolen and damaged property.

While World Nomads is Australia-based, you can purchase coverage and file claims anywhere around the world. What’s more, the provider is underwritten by reputable companies like Nationwide, which boasts an A+ rating from AM Best.

3. Allianz Travel Insurance

Allianz Travel Insurance offers extensive international travel coverage packages, making it the best provider for travelers who want to hit the road multiple times a year. The insurer lets you purchase either one trip or annual travel insurance. There are 10 insurance plans with varying benefit levels, so you can purchase a plan that suits your specific travel needs.

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If you travel often, you should consider their annual travel insurance rather than single trip policies.

What You Should Know

Allianz offers four different annual plans, with their most comprehensive plan being AllTrip Executive, which has the highest coverage limits.

  • AllTrip Executive comes with a tiered limit for trip cancellation and trip interruption starting with $5,000, emergency medical coverage worth $50,000 and emergency medical transportation coverage up to $250,000.
  • You’ll also get benefits such as baggage delay, travel delay, baggage loss or damage, business equipment coverage, rental car damage and more.
  • The plan also covers pre-existing conditions if you purchase your policy within 14 days of the first trip payment.

Allianz Travel also has a TravelSmart app that allows you to access your policy information, file and track claims, get local emergency numbers, locate nearby medical facilities and connect to 24-hour assistance.

4. HTH Travel Insurance

If you’re a senior traveler, you may want to consider HTH Travel Insurance as it provides comprehensive coverage for travelers up to 95 years of age. The company offers a wide range of travel medical plans for trips outside the U.S. including single trip, multi-trip and group plans.

In addition to travel medical plans, HTH Travel Insurance also offers comprehensive trip protection coverage. Plans come in three tiers: Economy, Classic and Preferred.

What You Should Know

  • The TripProtector Economy plan comes with up to $5,000 for trip cancellation, up to $75,000 medical coverage and $500,000 for medical transportation.
  • The Classic plan provides trip cancellation coverage up to $25,000 or 125% of the trip cost, up to $250,000 for sickness and injury and $1 million for medical evacuation.
  • The Preferred plan comes with even higher limits if you need more coverage, including up to $50,000 for trip cancellation or 200% of the trip cost for trip interruption, $500,000 for sickness and injury and up to $1 million for medical evacuation.
  • The Classic and Preferred trip protector plans have a pre-existing condition exclusion waiver if you purchase your policy within 14 or 21 days of the initial trip deposit, respectively.
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HTH Travel Insurance also provides expat medical coverage for global living, where you can customize your plan to suit your international living needs.

5. Nationwide

Nationwide is one of the most well-known insurance companies and has been operating for nearly a century. The company offers a wide range of policies, including life, home, auto and travel insurance.

The insurer has three travel coverage plans: individual trips, multi-trips and cruises.

What You Should Know

  • If you travel often, multi-trip travel insurance is probably a good investment. Starting as low as $59 a year, you get protection for trip delay, lost luggage, emergency medical expenses and evacuation and travel assistance for your trips.
  • The single-trip plan provides coverage for trip cancellation worth $10,000 in its prime plan, trip delay, trip interruption, baggage delay, emergency dental coverage, terrorism and more.

If you’re a cruise person, cruise insurance is a perfect plan for you. Nationwide has three cruise plans designed to meet your travel needs. Things like trip cancellations, missed excursions and flights, emergency medical expenses and medical evacuation can all be covered with the cruise plans.

6. Seven Corners

Seven Corners offers travel insurance for both U.S. residents and non-U.S. residents. They also offer group insurance for 10 or more people, travel insurance for students and annual travel insurance plans for frequent travelers.

What You Should Know

If you live in the U.S., purchasing a Roundtrip Travel Protection plan could be the right decision.

This plan provides protection for:

  • Trip cancellation
  • Trip interruption
  • Emergency medical expenses
  • Baggage and personal effects
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If you reside outside the U.S., you can purchase Roundtrip International, which provides the essential coverage you need while traveling around the world.

One of the Seven Corners’ most extensive plans is the Wander Frequent Traveler Plus, which covers all the trips you take throughout the year. This plan comes with up to $1 million coverage for emergency medical evacuation and repatriation, $100,000 for COVID-19 treatment, as well as trip interruption, trip delay, baggage delay and lost or stolen travel documents.

7. InsureMyTrip

InsureMyTrip is a travel insurance website that lets you compare plans from more than 20 providers in one place. You can utilize their comparison tool to compare multiple policies based on your trip needs. Additionally, you can filter insurers to fit your desired needs according to highest-rated, most popular, most recommended or claims rating.

You can also compare quotes from multiple travel insurance providers or customize a plan to meet your needs. The best thing about InsureMyTrip is that it works with the top travel insurance providers, all backed with AM Best ratings to ensure your satisfaction is guaranteed.

What You Should Know

While you can compare several providers in a matter of minutes, it’s important to note that not all insurance companies are the same. Each insurer has different claims processes, coverage plans and limits. For this reason, it’s prudent to go through the policy details for a specific provider before making a purchase.


Whether you travel regularly or a couple of times per year, purchasing travel insurance is a good idea. For just a small additional cost per day, you could protect yourself from the unexpected. However, before purchasing a policy, ensure that you understand the benefits, limits and exclusions that come with the plan you choose.

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