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10 Best Travel Insurance Companies in 2023 

Find the Best Travel Insurance Company for Your Needs
2 mins read
Best travel insurance companies
Credit // Canva / Natalia Deriabina

Every traveler is different, so there is no one-size-fits-all answer to the question of the best travel insurance company. Whether you’re an adventure traveler, traveling with a family, a senior, or on a budget, there’s a company that has a better deal for your specific needs. That’s why it’s important to compare companies and policies before you buy.

Here are some of the best travel insurance companies for different types of travelers:

  • Adventure travelers: World Nomads, SafetyWing, Atlas Travel Insurance
  • Families: Travelex, Allianz Travel, Seven Corners
  • Seniors: Cat 70, Nationwide, Seven Corners
  • Budget travelers: Travel Insured, Nationwide, Trawick International

Of course, these are just a few examples, and there are many other great travel insurance companies out there. The best way to find the right company for you is to compare quotes and policies from multiple companies. Below you will find a list of Forbes 10 Best Travel Insurance Companies in 2023: 

  1. Cat 70: Comprehensive coverage, including 100% of trip cost COVID cancellation, superior medical coverage, and good hurricane and weather coverage.
  2. AXA Assistance USA: Comprehensive coverage, including 100% of trip cost COVID cancellation, top-notch baggage loss coverage, and concierge services.
  3. Tin Leg: Competitively priced coverage, including 100% of trip cost COVID cancellation and coverage for sports equipment loss.
  4. HTH Worldwide: Excellent coverage for COVID-19, including $500,000 medical coverage per person and 100% trip cost cancellation coverage. Also offers excellent trip interruption coverage.
  5. USI Affinity Travel Insurance Services: Good coverage for COVID-19, including $500,000 medical coverage per person and 100% of trip cost cancellation coverage. Also offers good hurricane and weather coverage.
  6. John Hancock Insurance Agency: 100% of trip cost COVID cancellation coverage, top-notch medical evacuation benefits, and generous baggage loss coverage.
  7. Trawick International: 100% of trip cost COVID cancellation coverage, low average price, and coverage for medical evacuation at $1 million.
  8. AIG Travel: Covers travel disruptions due to COVID-19, medical evacuation coverage of $1 million, and baggage loss coverage of $2,500.
  9. TravelSafe: 100% of trip cost COVID cancellation coverage, baggage loss coverage limits of $2,500 per person, and excellent missed connection coverage.
  10. World Nomads: Comprehensive coverage for travelers of many countries, including the ability to extend coverage mid-trip. Good health insurance limits and covers COVID-related claims.

Conclusion

When choosing a travel insurance company, it is important to compare coverage levels and pricing to find the best plan for your needs. Consider the type of travel you are doing and the activities you will be participating in when choosing a travel insurance plan. For example, if you are planning on doing any adventure activities, you will need to make sure your plan covers those activities. Be sure to read the fine print of any travel insurance policy before you purchase it to understand what is and is not covered.

All of the travel insurance companies listed above are reputable and offer good coverage. The best travel insurance company for you will depend on your individual needs and budget.

This information should not be relied upon as research, investment or tax advice, or a recommendation regarding any products, strategies, or any security or digital asset in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.

Natalia Ivanova

Natalia Ivanova, Founder and CEO, Financial Planning Specialist at NewGen Wealth Creation, and former financial advisor at Morgan Stanley, has 8+ years of experience working with travel-loving professionals and entrepreneurs, from small business owners to CEOs of Fortune 500 companies. A dog mom, immigrant, and Puerto Rico-based world traveler, Natalia is proud to use her platform and experience to empower others to achieve their financial goals and build a fulfilling life.

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