14 Best Travel Insurance Companies in June 2023

Our analysis found that basic coverage plans for a 10 day-long international trip this year averaged $81.
Sean Cudahy
Anya Kartashova
Meg Lee
By Meg Lee,  Anya Kartashova and  Sean Cudahy 
Edited by Meghan Coyle

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Whether you’re looking for an international travel insurance plan, emergency medical care, COVID coverage or a policy that includes extreme sports, these are the best travel insurance providers to get you covered.

If you already have an insurer in mind or just want to learn more about some of the best travel insurance companies, take a look at our top 14 list of companies below.

This is the shortlist of the best travel insurance options in June of 2023:

Factors we considered when picking travel insurance companies

We used the following factors to choose insurance providers to highlight:

  • Breadth of coverage: We looked at how many plans each company offered, plus the range of their standard plans.

  • Depth of coverage: We considered two data points to get a sense of how much each company pays out for common travel snafus: the maximum caps for trip cancellation and trip interruption claims.

  • Cost: By looking at the costs for basic coverage across multiple companies, we were able to determine an average cost for shoppers to benchmark plan prices against.

  • Customizability: While standard plans can cover a lot of ground, sometimes you need something a little more personal.

An overview of the best travelers insurance

We looked closer at quotes from various companies for a 10-day trip to Spain in September 2023. The traveler is a 35-year-old woman from Utah who spent $2,000 total on the trip, including airfare.

On average, the price of each company’s most basic coverage plan was $81. These policies did not include any optional add ons, such as Cancel For Any Reason coverage or pre-existing medical condition coverage.

Company name

Basic coverage cost

Recommended for...

Allianz Global Assistance


Economical travelers who want to add on cheap rental car protection.

Travel Guard by AIG


Those traveling with pre-existing medical conditions and cruise goers.

USI Affinity Travel Insurance Services


International students and cruise goers.

Travel Insured International


Gadget heads, superfans. Plans cover traveling with expensive electronic equipment and high-cost ticketed events.

World Nomads


Thrill seekers. Plans automatically cover 200+ adventurous activities. Plus, if you're currently traveling and want to extend your trip, World Nomads lets you buy and extend coverage.

Berkshire Hathaway Travel Protection


Customizers and cruise goers.

Travelex Insurance Services


Nervous nellies. Add on the Medical Coverage upgrade, which includes an additional $50,000 in medical expense coverage and $500,000 in medical evacuation coverage on top of what is already included.

Seven Corners


Traveling athletes. Seven Corners offers medical only protection, plus options to cover sports and golf equipment rental.



Long-term budget travelers. The most basic package covers trips up to 180 days and offers 100% trip cancellation coverage and 125% trip interruption coverage.

AXA Assistance USA


Risk-conscious but economical travelers who want basic protection.



Anyone looking for coverage. You don’t have to be an AAA member to buy a policy.

Tin Leg


Those who have a lot of time on their hands to compare policies and look for bargains.



U.S. residents shopping for single-trip coverage.

HTH Insurance


Travelers searching for group trip coverage, including missionaries and crew.

Top travelers insurance options

Let's take a closer look at our 14 recommendations for travel insurance this month.

Allianz Global Assistance

What makes Allianz Global Assistance great:

  • Annual and single-trip plans.

  • Plans are available for international and domestic trips.

  • Stand-alone rental-car damage product is available.

Here’s a snippet from our Allianz Global Assistance review:

“Allianz Global Assistance has five travel insurance plans for single trips, including a plan that’s mainly focused on emergency medical coverage. The OneTrip Cancellation Plus plan is geared toward domestic travelers who are looking for trip cancellation, interruption and delay coverage but don't need post-departure benefits like emergency medical or baggage loss. This plan is Allianz’s most affordable option.”

For our test trip, Allianz Global Assistance’s basic coverage cost $91, a little more than $10 above average.

Travel Guard by AIG

What makes Travel Guard by AIG great:

  • Three comprehensive plans and a Pack N' Go plan for last-minute travelers who don't need cancellation benefits.

  • Flight accident insurance, medical evacuation plan and annual plans available.

  • Plan available for business travelers.

  • The Deluxe plan includes a pre-existing medical condition waiver as an add-on.

In our Travel Guard by AIG review, we write:

“While the Essential, Preferred and Deluxe plans all offer varying degrees of coverage for your trip, there are some things that won’t be covered by any of the plans. Examples include coverage for trips paid for with frequent flyer miles or loyalty rewards programs; baggage loss for eyeglasses, contact lenses, hearing aids or false teeth; and known events.”

Travel Guard by AIG offers basic insurance for $119, about 32% higher than average.

USI Affinity Travel Insurance Services

What makes USI Affinity Travel Insurance Services great:

  • Search comprehensive plan types by policy name, insurance needs and traveler type.

  • Medical and evacuation plans for international travel.

  • One annual plan with two levels of coverage to choose from.

The USI Affinity Travel Insurance Services basic plan is on par with average prices in the industry for our example trip.

Travel Insured International

What makes Travel Insured International great:

  • Comprehensive and medical-only plans.

  • Flight plans include coverage for missed and canceled flights and lost or stolen baggage.

What’s more, Travel Insured International coverage costs fall below average at $72.

World Nomads

What makes World Nomads great:

  • Comprehensive international travel insurance plans.

  • Coverage available for adventure activities, such as trekking, mountain biking and scuba diving.

  • Coverage for cameras, laptops and phones.

In our World Nomads review, Nerd Elina Geller reports that:

“The Standard Plan ($81) is a good choice for those who are satisfied with trip cancellation and interruption coverage of $2,500 or less, do not need rental car damage protection, find the limits to be sufficient and do not need coverage for certain adventure sports.”

World Nomads coverage hits average almost on the dot.

Berkshire Hathaway Travel Protection

What makes Berkshire Hathaway Travel Protection great:

  • One complete and two comprehensive plans offer cancellation, emergency medical coverage and emergency travel assistance.

  • Two of the plans offer compensation for missed connections and higher thresholds for lost baggage.

  • Coverage can be customized with add-ons like adventure sports coverage, car rental collision and more.

Basic Berkshire Hathaway Travel Protection will run you $81 — average. However, a basic AirCare plan is just $29 but only includes fixed amounts for its coverage.

According to our Berkshire Hathaway Travel Protection review, the company claims that "it pays out claims five times faster than the industry average." Some claimants may even receive same-day reimbursement.

Travelex Insurance Services

What makes Travelex Insurance Services great:

  • Three comprehensive plans available.

  • Coverage can be customized.

  • Two flight insurance plans available.

Basic coverage from Travelex Insurance Services cost $90 for our sample trip; this is about 11% more than average.

“Travelex Insurance Services offers six types of travel insurance plans. There are three types of comprehensive plans, two flight plan options and a post-departure plan. Its policies are underwritten by Berkshire Hathaway Specialty Insurance Company and Zurich Insurance Group,” as per our Travelex Insurance Services review.

Seven Corners

What makes Seven Corners great:

  • Comprehensive plans for U.S. residents and foreigners, including visitors and immigrants traveling to the U.S.

  • Annual, medical-only and student plans are available.

The NerdWallet Seven Corners review highlights the company’s annual travel insurance options.

“Seven Corners offers one annual policy called Travel Medical Annual Multi-Trip. The policy can be customized depending on how long you plan to be away from home for any one trip. You can travel as much as you like during the 364 days, so long as any one trip doesn’t exceed the option selected — 30, 45 or 60 days.”

Another plus: Seven Corners’ basic coverage plan for our trip to Spain costs $6 below average, around $75.


What makes IMG great:

  • Special medical insurance for ship captains and crew members, international students and missionaries.

  • Coverage for adventure travel.

  • Trip cancellation plans.

  • Search results page indicates if plans offer COVID-19 coverage.

IMG is also a good option for the budget-minded: its basic plans cost $22 less than average in our test. Adventure sports rider is available as an add-on.

AXA Assistance USA

What makes AXA Assistance USA great:

  • Three comprehensive plans available.

  • Optional insurance benefits can be added to Gold or Platinum plans, but vary. Rental collision can be added to the Gold; that and Cancel For Any Reason coverage can be added to the Platinum plan. No add ons are available for Silver-level policyholders.

AXA Assistance USA basic travel insurance coverage will run you $61 — $20 below average. If you add on CFAR or rental car damage coverage, be prepared to pay a little more.

aaa travel insurance


What makes AAA great:

  • Don't have to be a AAA member to get a policy.

  • Coverage provided by Allianz Global Assistance, which is a reputable company.

AAA travel insurance plans are actually provided by Allianz Global Assistance but include AAA-exclusive features, such as SmartBenefits that provide payments on delayed bags without purchase receipts, missed port of call coverage that reimburses expenses associated with the ship’s changing or missing a scheduled stop, and rental vehicle return coverage should an illness prevent you from doing it yourself. 

The TripAssist Choice plan will run you $106, which is about 24% more expensive than the average.

The NerdWallet review of AAA travel insurance highlights the company’s single-trip and annual plans. You don’t have to be a AAA member to purchase travel insurance.

tin leg travel insurance logo

tin leg travel insurance

Tin Leg

What makes Tin Leg great:

  • A multitude of plan options for every budget.

  • Option to add Cancel For Any Reason coverage to some plans.

Tin Leg’s Basic plan is going to run you just $64 and knock about $17 off the average policy. Keep in mind that you’ll pay a lot more if you shop for the most comprehensive coverage, and there are eight plans to choose from for trips abroad. 

From our NerdWallet review, “When comparing Tin Leg travel insurance plans, there doesn’t seem to be much rhyme or reason as to which plans offer the most benefits or the largest payouts. For example, just because a plan is more expensive or has a seemingly better name doesn’t mean it automatically offers you more protections across the board.

Instead, the only way to figure out the plan that’s right for you is to compare them all, look at the plan details, and decide which features and coverages suit you and your travel style best.”

travel safe insurance logo

travelsafe insurance


What makes TravelSafe great:

  • Rental car damage coverage add-on is available on both plans.

  • Cancel For Any Reason coverage available as an optional add-on on the TravelSafe Classic plan.

TravelSafe’s Basic plan for $79 is right at the average mark for our example trip to Spain. Unfortunately, if you’d like to add on CFAR coverage, you have to purchase the TravelSafe Classic plan, which costs $103.

Additionally, multi-trip or year-long plans aren’t available, unless you’re a travel agent.

hth worldwide travel insurance

HTH Insurance

What makes HTH Insurance great:

  • Medical-only coverage and trip protection coverage.

  • Group trip coverage is available as well as long-term coverage for expats. 

Single- and multi-trip medical insurance coverage as well as trip protection plans are available from HTH. The TripProtector Economy policy for $74 costs about $17 below average and provides comprehensive trip protection coverage.

HTH partners with GeoBlue for its medical coverage plans. You can even choose to insure group trips for educators, crew, religious missionaries and corporate travelers. 

What does travel insurance cover?

Most travel insurance plans cover several trip protections, including accidental death and dismemberment, baggage delay and loss, emergency medical coverage and evacuation, trip cancellation, delay or interruption.

These protections can help you prepare for unexpected disruptions and expenses when traveling, and help you recover money paid upfront when booking a major trip.

For instance, if your flight is delayed or canceled, most travel insurance plans will cover an extra hotel night or taxi ride expense you incur as a result. Travel insurance can also help you recover, say, prepaid hotel and rental car reservations if you need to cancel your trip due to a covered incident.

Plans can also offset the cost of valuables in your luggage if the airline loses your bags.

Additionally, many comprehensive travel insurance plans have medical coverage to serve as an insurance policy if you get sick or injured while traveling, to offset costs not covered by your normal health insurance plan abroad.

Just like health insurance and car insurance keep you from having to incur large out-of-pocket expenses when you get sick or crash a car, travel insurance protections keep you from having to take a financial hit due to unexpected situations that come up during your travels.

Coverages like Cancel For Any Reason, pre-existing conditions coverage, rental car collision damage waiver or an adventure sports rider usually cost extra or must be added within a specified timeframe.

Cancel For Any Reason coverage allows you to recoup the upfront costs you paid for a trip, even if you’re canceling for a reason not otherwise covered by your travel insurance policy.

What’s not covered by travel insurance?

Typical travel insurance policies offer coverage for many unforeseen events, but as you do you research to select a plan, consider your individual needs. Though every plan differs, there are some commonly-excluded coverages.

  • Named storm. You typically can’t get coverage for a named storm if you purchased the coverage after the storm was named. In other words, if you have a trip to the Caribbean booked for Sept. 25 and on Sept. 20, a hurricane develops, you generally won’t be able to buy a travel insurance plan on Sept. 21 in hopes of getting your money back.

  • Activities done under the influence. Many plans also don’t cover activities performed under the influence of drugs or alcohol, or extreme sports. If the latter applies to you, you might want to consider a plan that has specific coverages for adventure junkies.

  • Excluded situations. Numerous plans exclude certain situations that don’t qualify as an acceptable reason to cancel and make a claim, such as fear of travel, medical tourism or pregnancies (unless you booked a trip and purchased insurance before you became pregnant). This is where a Cancel For Any Reason add-on to your coverage can be helpful.

  • Whether certain inconveniences are met. You can also run into trouble if you give up on a trip too soon: a minor (or even multi-hour) flight delay likely isn’t sufficient to cancel your entire trip and get reimbursed through your plan. Be sure to review what requirements your specific plan has when it comes to canceling a trip, claiming trip interruption, etc.

How much does travel insurance cost?

Travel insurance costs vary widely. The final price of your plan will fluctuate based on your age, length of trip and the destination.

It will also depend on how much coverage you need, whether you add on specialized policies (like Cancel for Any Reason or pre-existing conditions coverage), whether you plan to participate in extreme sports and other factors.

In our examples above, for instance, the 35-year-old traveler taking a $2,000 trip to Spain would have spent an average of $80 for a basic plan to get coverage for things like trip cancellation and interruption, baggage protection, etc. That’s about 4% of the total trip cost — lower than average, which typically ranges between 5-10% of the total trip cost.

If there were multiple members in a traveling party, or if they were going on a rock-climbing or bungee-jumping excursion, the costs would certainly go up.

On the high end, travel insurance can cost around 10% of the trip. However, considering many of the plans reimburse up to 100% of the trip cost (or more) for disruptions like trip cancellation or interruption, it can be a worthwhile investment if something goes wrong.

Do I need travel insurance?

It depends. Consider the following factors that might affect your decision. You’re young and healthy; all your bookings are refundable or cancelable without a penalty; your flights are nonstop; you’re not checking bags; and a credit card you carry offers some travel protections. In that case, travel insurance might not be necessary.

On the other hand, if you prepaid a large chunk of money for a nonrefundable African safari, you’re going on a Caribbean cruise in the middle of a hurricane season, or you’re going somewhere where the cost of healthcare is high, it’s not a bad idea to buy a travel insurance plan.

🤓Nerdy Tip

Here’s how to find the best travel insurance coverage for you.

If you’re thinking of booking a trip and not planning to purchase travel insurance, you may want to consider at least booking refundable airfare and not pre-paying for hotel, rental car and activity reservations. That way if something goes wrong, you can cancel without losing any money.

How to choose the best travel insurance policy

Selecting the best travel insurance policy depends on your individual needs, concerns, preferences and budget.

As you book, take a few minutes to consider what most concerns you. Is it getting stranded because of flight trouble? Having the ability to cancel for any reason you see fit without losing money? Getting sick or injured right before departure and needing to postpone the trip? Injuring yourself or falling ill while overseas?

Ultimately, you want a plan that protects you, your money and the large investment in your trip, but doesn’t cost too much, either.

  • Medical coverage. If your priority is adequate medical coverage abroad, you might want to look for plans with high limits for medical emergencies and medical evacuation.

  • Complex travel itinerary. If your itinerary has many flight connections, prepaid hotels and deposits for activities you can’t get back, prioritizing a plan with the best coverages for trip cancellations or interruptions may land at the top of your list.

  • Travel uncertainty. If you’re on the fence about a trip altogether and have nonrefundable reservations, you may want to select a plan with a Cancel For Any Reason coverage option, which can help you recoup about 50% to 75% of the costs. This helps provide peace of mind, placing the decision on whether to travel entirely in your hands.

  • Car rentals. If you’re renting a car, a collision damage waiver is often worth considering.

What are the top travel destinations in 2023?

The following 10 destinations are the top insured destinations in 2023, according to Squaremouth (a NerdWallet partner).

  • Mexico.

  • Italy.

  • Israel.

  • Bahamas.

  • France.

  • Costa Rica.

  • Spain.

  • Japan.

  • Antarctica.

  • Canada.

In 2022, travelers spent about 25.53% more on trips than they did before the coronavirus pandemic. As of May 2023, NerdWallet analysis determined travel prices are 18% higher than pre-pandemic. Each statistic makes a strong case for protecting your travel investment as you plan your next trip.

Frequently asked questions

No, it doesn’t necessarily get more expensive the longer you wait to purchase. However, as you put off buying insurance, you may lose access to potential plans and coverage options.

In general, purchasing travel insurance within a few days to two weeks of pre-paying or making an initial deposit for your trip is your best bet. Assuming you’re not booking last-minute, this will give you access to the widest possible range of coverage options. It also helps prevent any medical conditions or storms that pop up between booking and purchasing a plan from ending up as excluded situations, which your plan won't cover.

But, generally speaking, many plans do allow you to purchase coverage quite close to your departure date.

To get the most out of your travel insurance plan, buy it soon after making your initial prepayment or deposit to ensure you have access to the biggest menu of plans possible.

Select a comprehensive plan to cover the travel scenarios you’re most concerned about or likely to encounter, but not too expensive or laden with protections you’d never likely need.

Whatever your coverage, thoroughly review the plan to understand what’s covered and what’s not, plus how to adhere to the plan’s rules for making a claim.

Getting travel insurance for international trips, much like domestic trips, is not required, and your personal circumstances may drive the decision of whether or not to purchase a policy.

For instance, young, healthy travelers with few prepaid trip expenses embarking on a relatively risk-free trip may not see a need for travel insurance.

Older travelers with complicated itineraries, who are visiting destinations where they could fall ill or get injured — or who could encounter bad weather or some other interrupting factor along the way—may do well to purchase coverage.

Consider a few key questions:

  • How well would your health insurance plan cover you if you needed to visit a hospital overseas?

  • How much did you prepay for a hotel or rental car?

  • How much money would you be out if weather or another flight issue derailed your itinerary?

  • Could you afford an unexpected night in a city where you have a connecting flight?

Answering these questions can help you decide whether you need travel insurance for your international trip.

Travelers frequently use phrases like “trip insurance” and “travel insurance,” as well as “trip protection,” interchangeably, but they do mean different things, according to Stan Sandberg, founder of insurance comparison site TravelInsurance.com.

Trip insurance, or trip protection, generally refers to pre-departure (or pre-event) coverage if you need to cancel. You may see these plans sold by airlines, online travel agencies or even ticketed event sellers.

“You could refer to it as the portion that protects the investment in the trip,” Sandberg says.

A travel insurance plan typically includes that — plus more comprehensive benefits to protect you during your trip, from medical coverage to trip delay and lost baggage protections, and many more elements, depending on the plan.

More resources for travel insurance shoppers

Bookmark these resources to help you make smart money moves as you shop for travel insurance.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:

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