As someone who travels frequently, travel insurance has become an essential part of my life. It can be difficult to pick which company to go with if you’re not well-versed in the industry, but with the right information and research, choosing the best travel insurance company can be easy. Here are some of the top travel insurance companies that I like the most, along with their pros and cons.
Highly rated by many travel review sites, World Nomads is a great all-around choice for travelers looking for basic coverage. The company offers standard plans as well as several specialty options to suit your needs abroad. For example, a hospital plan can cover you at an in-network hospital or medical facility (rather than just an emergency evacuation policy) when medical care isn’t readily available and you aren’t able to return home in time to see your primary care physician.
Allianz Travel Insurance
Allianz offers several travel insurance options for business and leisure travelers alike. Their policies cover travelers for trip cancellation or interruption, emergency medical care, luggage theft or damage, and even legal services. You can customize a plan to suit your needs and budget with their convenient online calculator. Allianz has a network of over 50 million global customers, so you’ll have no trouble finding an agent when you’re on your trip. Policies start as low as $15 per day, depending on your needs.
This brand is one of Australia’s largest and most popular travel insurance providers. Co-op offers a wide range of plans, starting at $51 per year, to cover both yourself and your loved ones. Each plan comes with an emergency assistance service, trip cancellation options and more. It’s also possible to bundle your policy with existing insurance plans you might have.
With a name that evokes images of long ships and deep oceans, Columbus Direct is one of Britain’s largest travel insurance providers. The company has won several awards over the years for customer service excellence, as well as value for money. In 2017 alone, it was awarded UK Insurer of The Year by Business Moneyfacts and Best Insurer by Product Type at Customer Matters Awards.
This travel insurance company is ideal for travelers in search of a well-rounded package at an affordable price. For $70 per trip (for three days), Cardif will cover up to $5,000 if you need to cancel your trip or if you can’t take it for medical reasons. In addition, you’ll receive a range of other perks such as accidental death and dismemberment coverage and emergency assistance in case something happens on your trip that requires getting medical care outside of your immediate location.
Looking for more than just trip cancellation and travel interruption protection? Ecco offers a suite of policies, from basic trip protection to business travel coverage. Its TripRewards program gives you one point for every dollar you spend on eligible purchases. Use your points to redeem gift cards or receive discounts on future trips. You can choose from five different plans, with prices ranging from $1.99 per month to $44.95 per year.
You’re in a foreign country, thousands of miles from home and your credit card has been stolen. You need to get back to safety but can’t afford to buy a new ticket—that’s where travel insurance comes in. The advantage of international travel insurance is that it covers you outside your country of residence, which means you can get emergency medical care in another part of the world if you need it. But picking a good plan takes some time and research.