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Top 5 Best Travel Insurance Companies Of 2025
Traveling is always fun and joyful for everyone, especially for young blood.
You probably read one of the articles about travel essentials and the things you need on a trip, but I was shocked when I find very few of these articles include travel insurance as an important essential for traveling.
Imagine being stuck in a foreign country with a medical emergency, or losing all your luggage on the way to your dream destination. The costs can easily go into thousands of dollars, and without travel insurance, you’ll have to pay it all from your own pocket. In fact, many countries like those in the Schengen Area even require proof of travel insurance before they grant you entry.
Travel Insurance is one of the most important things you need to do before planning a travel trip. There are uncountable things can go wrong in a foreign country.
Why Travel Insurance is So Important
Here are a few reasons why Travel Insurance is so Important:
While traveling in case of any accidents or loss of life, insurance is necessary for emergency medical cover
In the case of a flight delay, if you have to cancel your flight because of any situation or to reduce the plan of your trip, so there will be fewer problems in canceling them.
Insurance pays in some certain situations for example, if there’s a death by an accident not by some natural illness, so insurance pays the amount on that.
In case of loss of luggage or your backpack, without any hesitation, you can claim and the insurance company will have to pay you for that.
The best travel insurance company will always provide you all of these facilities and always get your back. We have gathered some of the best insurance providers in the market with the best rates and the best coverages.
We were able to find current running deals and coupons of these amazing insurance companies.
1. World Nomads
World Nomads was established in 2002, They are the best travel insurance provider in the market. You’ll definitely find world nomads on the top of the chart of every travel insurance list.
According to World Nomads traveling is not just an activity or opportunity to visit new places, it’s a lifestyle.
They cover almost every mishap on your trip including:
Trip Cancellation
Gear & Baggage Coverage
Overseas Medical
Overseas Dental
Delayed Baggage
Assault
Terrorist Attack
Death Overseas
2. Visitors Coverage
VisitorsCoverage was created in 2006 and since then they are covering travelers. They are one of the most trusted insurance company working for more than 14 years.
They have customers from all over the world and more than 2 million satisfy customers. The best part is you can compare your insurance plans and price for better selection.
They cover insurance plans for any travel risk:
Travel Medical Insurance
Visitors Insurance
Green Card Health Insurance
International Student Health Insurance
J1 Visa Health Insurance
OPT Student Health Insurance
Europe trip Insurance
Schengen Visa Health Insurance
Short-Term Health Insurance
Travel Insurance for Canada
Group Insurance plans
Global Medical Insurance
Expat Health Insurance
Trip Insurance
Trip Cancellation Insurance
International Trip Cancellation Insurance
Business Travel Insurance
Cancel For Any Reason Insurance
Multi-Trip Insurance
Trip-Delay Insurance
Cruise Insurance
Medical Evacuation Insurance
Flight Accident Insurance
Missionary Insurance
Marine Crew Insurance
AD&D Insurance
Travel Insurance for the U.S.
Travel Insurance for the U.S.
Visitors Insurance for the U.S.
New Immigrant Insurance to the U.S.
J1 Visa Insurance
Student Health Insurance
Insurance for US Citizens Visiting U.S.
3. Amex Insurance
You probably heard the name American Express, Amex Assurance is travel insurance offered through American Express.
You are thinking you should be a credit card holder for the Amex Assurance policy, No you don’t have to be a credit card customer to purchase this coverage.
Amex is super easy to use, you can get your insurance by clicking a few times on their website. The insurance plans are super flexible since you can modify or cancel your plan anytime before your trip, and you can even request a full refund within 14 days after you receive your plan documents.
They cover important travel protections including:
Trip Cancellation and Interruption
Global Emergency Assistance
Lost or Delayed Baggage Coverage
Travel Accident Insurance
Medical Expense Coverage
Want to save even more on your Amex insurance plan? Check out our American Express coupon codes page for the latest deals and discounts.
4. Seven Corners
Seven Corners provide the most personalized insurance plans. They cover almost every insurance plan and have travel plans for everyone from a solo traveler, student and groups work overseas.
At the start of your insurance plan, they ask you some simple questions related to your trip and give you the best insurance plan according to your trip. You can compare prices, no doubt seven corners have the best prices in the market.
You can select and read about the plans, they have insurance plans for everyone:
Travel Medical Insurance
Health insurance for international travelers: up to $5M in coverage.
Visitor Insurance
Health insurance for visitors to the USA: renewable for up to 3 years.
Trip Insurance
Trip cancellation and interruption insurance: travel protection for your trip cost, medical expenses, and belongings.
Student Travel Insurance
Specially designed plans for students, faculty & scholars traveling abroad.
Annual Traveling Insurance plans
Wander® Frequent Traveler covers multiple trips with an annual insurance plan.
Medical Evacuation and Repatriation
Designed for J Visa and Other Visa Holders
Group Insurance
Travel insurance that’s ideal for large groups traveling internationally.
5. Travelex Insurance
Travelex Insurance is one of the oldest Travel Insurance company, they are covering their customers for over 55 years. It won’t be wrong to say, they’re one of the most experienced travel insurance providers in the market.
They have customizable insurance plans for every type of traveler. You can compare two plans and get a clear look at which one suits you better.
Their website is easy to use and user-friendly. You’ll find all the insurance plans on the home-page of the website and fill your requirements and get a quote from Travelex. Children 17 and under covered at no additional cost
There all the travel insurance plans they cover:
Luggage is Protection
Trip Cancellation and Interruption Coverage
Inclement Weather Protection
Delay Protection
Emergency Medical Services
Pre-Existing Condition Waiver
24/7 Assistance While Traveling
How Much Does Travel Insurance Cost?
Travel insurance usually costs between 4–10% of your total trip cost. For example, if your trip costs $3,000, you can expect to pay between $120–$300 for travel insurance.
Factors that affect cost:
Age of the traveler
Destination country
Length of trip
Type of coverage (basic vs comprehensive)
Example Costs by Traveler Type
Young Traveler (25 years old, 1-week Europe trip, $2,000 cost): about $80–$120.
Family (2 adults, 2 kids under 17, 10-day vacation, $5,000 cost): about $250–$400. Many providers include kids at no extra cost.
Senior Traveler (65 years old, 2-week international trip, $4,000 cost): about $300–$500 because premiums are higher for older travelers.
Example Costs by Destination
USA Trip (domestic coverage for U.S. residents): tends to be cheaper since healthcare is already familiar.
Europe (Schengen visa required): typically $50–$100 for short stays with minimum medical coverage of €30,000.
Asia (Thailand, Japan, etc.): usually $80–$150 for 1–2 weeks.
Worldwide Including USA Coverage: more expensive since U.S. medical costs are very high.
Example Costs by Plan Type
Basic trip cancellation only: 3–4% of trip cost.
Comprehensive coverage (medical, baggage, cancellation, evacuation): 6–10% of trip cost.
Annual multi-trip coverage: $200–$500 per year depending on age and destinations.
Tips for Choosing the Right Travel Insurance
Check if pre-existing conditions are covered.
Compare cancellation policies carefully.
Make sure medical coverage is high enough for your destination.
Look for 24/7 global assistance.
Always compare at least 2–3 providers before buying.
Read the exclusions carefully (some policies don’t cover high-risk activities like scuba diving or skiing).
Check if emergency evacuation and repatriation are included.
See if the plan covers trip interruptions due to natural disasters or political unrest.
Look at baggage delay limits, some plans only cover after 12+ hours of delay.
If you’re a frequent traveler, consider multi-trip or annual plans, they’re often more cost-effective.
Make sure the provider has good customer service and easy online claim options.
If traveling with kids or family, look for plans that include children at no extra cost.
Final Thoughts
Although it's an amazing experience, traveling carries risks that could easily throw your plans off. In situations of unexpected medical emergencies, flight cancellations, or misplaced luggage, the financial burden can easily become too much to bear without insurance. Travel insurance is your safety net in this situation.Â
Given the large number of providers offering various plans, it is important to carefully compare them and select the coverage that best suits your trip. Whether you are a family vacationing, a student studying overseas, or a single traveler, there is a plan made to meet your needs. You can get invaluable peace of mind by paying a small portion of your trip expenses for insurance.
So before you pack your bags, make travel insurance part of your essentials checklist. With an intelligent strategy, you can confidently enjoy your journey, knowing that you'll be protected no matter what. Explore the world with ease, travel wisely, and stay safe.
FAQ's
Q. Is travel insurance worth it?
Yes, it protects you from financial loss due to accidents, cancellations, or emergencies abroad.
Q. Does travel insurance cover COVID-19?
Most providers now offer COVID-19 medical coverage, but always check the policy details.
Q. Can I buy travel insurance after booking my trip?
Yes, but the earlier you buy, the better, especially for trip cancellation coverage.
Q. What’s the difference between travel medical insurance and trip insurance?
Travel medical insurance covers health emergencies abroad.
Trip insurance covers cancellations, delays, and lost luggage.
Q. Does travel insurance cover adventure activities?
Companies like World Nomads cover many adventure sports, but always confirm which activities are included.
Q. Is travel insurance mandatory?
Some countries, like those in the Schengen Area, require proof of travel insurance before granting visas.
Q. What if my luggage is delayed or lost?
Most providers will reimburse you for essentials during delays and compensate you for lost baggage.
Q. Can I cancel my travel insurance if my trip gets canceled?
Many providers, including Amex Assurance, allow refunds if you cancel within a specific timeframe (often 14 days).
Q. Where can I find exclusive coupon codes and save more?
Visit our website Saving Says to find countless exclusive coupon codes, discounts and savings guides, where we regularly update exclusive offers, including deals for several stores.
