If you like to travel, you are aware of the importance of travel insurance. In the following lines, read about the best insurance companies and make sure your trip is both fun and safe.
The Best Travel Insurance Companies
Making plans for a trip can be quite entertaining. Gathering information about amazing activities that await you, picturing wonderful beaches and legendary hikes, booking flights in order to reach fascinating destinations in the world constitute the fun aspect of planning. It makes you in charge of your trip and allows you to imagine all the incredible experiences you will remember it for.
Alternately, looking for an appropriate travel insurance plan is an aspect that is not nearly as entertaining but is equally significant.
Familiarizing yourself with all the details, searching for reliable reviews, and eventually choosing the most fitting plan can be rather tiring.
Moreover, if you are new to the traveling world, it may be somewhat distressing.
The market is full of companies that offer plans that are seemingly the same. Their prices differ, so you cannot but ask yourself which one is the right one and which review is trustworthy.
Aiming to help you be safe throughout your next trip, I have gathered information regarding the top travel insurance companies you can find. I have been regularly backpacking since 2004 and have been earning a living by researching companies since 2007. I have spent many sleepless hours reading the small print (trust me on this one — never read NY’s insurance compliance laws).
I have assembled a list of top travel insurance companies so that you don’t have to do the job. Whether you wish to go south and clear your head or engage in a trip around the world, the following list will help you settle for a company that suits both your trip and your budget.
Our First Choice: World Nomads
I have trusted World Nomads for the past ten years, and it has never let me down. The company has extensive plans, and it is perfect for travelers aiming to visit more countries during one trip. The company’s policies are easy to read, so you can understand what is covered right away. Moreover, their customer support is flawless. In case you need additional information prior to purchasing the insurance or after signing up, it is at your disposal.
The company is the ideal solution for travelers keen on adventure who plan to go hiking, canoeing, or kayaking, even those who wish to engage in practicing extreme sports, such as rock climbing or bungee jumping. World Nomads represent the best option for active tourists since as many as 100 activities are covered.
Below you can see a brief overview:
- Emergency dental and medical coverage
- Coverage for interruptions, delays, and trip cancellations
- Luggage protection
- Emergency evacuation (for both medical and other emergencies, such as those related to natural hazards)
- Medical transportation
- Great 24/7 customer service
World Nomads is the perfect travel insurance company for backpackers and those who travel frequently. In fact, the company was established by backpackers, so their plans and customer service are adjusted to long-term travelers. This is the insurance company I have been coming back to for years. You can fill out the form on the official website if World Nomads seems like a company that suits you.
This one is the leading membership program designed for medical transportation. Their comprehensive plans concentrate on emergency transportation and crisis response, and their competent staff is there to assist you.
In case of an emergency, the great majority of insurance companies simply evacuate the passengers to the nearest hospital. Medjet, however, makes sure to transfer you to your homeland, instead of leaving you in a medical facility abroad, away from your family and friends.
They provide short-term plans as well as annual ones. Therefore, regardless of your travel plans, Medjet is able to provide you with affordable coverage.
Below, you can see a brief overview of Medjet:
- Comprehensive medical transport coverage
- Little time spent in medical facilities abroad
- Both annual and short-term plans
- Residents of the USA, Canada, and Mexico are eligible to use Medjet
Medjet is the ideal solution for everyone who wishes to avoid spending too much time in a medical facility abroad in case of an emergency or crisis.
Insure My Trip
Insure My Trip is not among typical insurance companies that issue their own plans. Instead, they propose plans and make it easier for you to compare and contrast prices and purchase the one that suits you best.
Insure My Trip enables you to compare plans issued by nearly 30 insurance companies. Additionally, they represent the ideal company for senior travelers as others are often unavailable to find a company that will cover them if they are over 65. Insure My Trip offers comparisons from providers that cover elderly travelers, which is why this is the best company for senior tourists and retirees.
Below, you’ll find a brief overview of Insure My Trip:
- Provably low prices
- Coverage for the elderly (for travelers over 65 years of age)
- “Anytime advocates” allows you to request that your claim be reviewed again if you believe it was unjustly denied
- Comparisons from 28 providers in order to offer you the best possible plan
If you are an elderly tourist over 65 looking for extensive coverage, Insure My Trip is a company for you.
STA is a virtual travel agency famous for its travel packages and flights. In addition to those services, they offer travel insurance at affordable prices. STA provides low-cost plans for teachers and students that include coverage at the price of $99 per year.
STA is the ideal solution for those who study or work as teachers abroad. On top of the coverage the agency offers, you will be provided with an ISIC card that enables you to get discounts and have other benefits.
Below is a brief overview of STA Travel Insurance:
- Affordable plans
- ISIC card worth in more than 125,000 locations
- Fundamental coverage options
- Ideal for students and backpackers
In case you study abroad or work as a teacher in a foreign country and are in need of basic coverage, STA is the perfect travel agency for you.
Insurance plans issued by IMGlobal resemble the standard U.S. health insurance. They provide extensive coverage for those who travel often, plans for those who do not reside in the U.S., as well as budget-friendly plans for those visiting the country. In addition to fundamental coverage they offer to students and travelers who seek an affordable deal, they offer comprehensive plans for families and expatriates.
They issue plans for travelers going on a single trip as well as for those who plan multiple trips within one year period
Below is a brief overview of IMGlobal:
- Perfect for expatriates and those who travel frequently
- Greatly resembles the standard U.S. health insurance
- For those who do not reside in the U.S. too
- Provides a selection of 16 different plans
IMGlobal is the perfect option for expatriates as well as those who travel often and are in need of a plan covering more than just medical emergencies.
Clements provides insurance plans for expatriates as well as equipment such as smartphones, laptops, and cameras. The majority of companies offer minimal coverage for electronic devices, which puts you in a situation where you have to replace them out of your own pocket in case they get stolen, lost, or damaged in a foreign country. Moreover, they issue plans including low deductibles or no deductibles at all. Given the fact, you are covered if your valuable items need to be replaced, which means you will not have to go broke in order to make up for the damage.
Below is a brief overview of Clements:
- Premium electronics coverage
- Minimal or no deductibles
- High-end plans with absolute coverage
- Available outside of the U.S. as well as within the country’s territory
If you carry valuable electronic items with you when you travel, you are in need of extensive coverage that Clements can provide for you.
Honorable Mention: Credit Card Coverage
The majority of travel credit cards imply a certain level of insurance although it may not be particularly extensive. Coverage is usually restricted to trips and items bought with the credit card. Additionally, this kind of insurance may imply a limited time of coverage as well.
Nevertheless, even that is better than having no insurance at all. Although the idea of a credit card company providing you with an insurance plan free of charge may seem appealing, such plans are usually not extensive and offer minimal coverage and/or compensation. However, you may use these plans as auxiliary coverage on top of one of the plans provided by previously mentioned companies.
It is always good to have more options at your disposal, especially if they are free of charge. However, make sure to familiarize yourself with the most reliable travel credit cards as much as possible prior to going on a trip. Unfortunately, you will be forced to read the small print.
No one plans to get sick or hurt during their trip. Had this been a perfect world, that kind of stuff would not happen. However, we are all aware of the fact that we live in a world that is far from perfect.
My bags got stolen during my trip to South Africa.
My eardrum burst in Thailand while I was diving.
I even got stabbed during my backpacking trip through Colombia.
Apparently, none of those things went according to plan, but they happened anyway.
Fortunately, I was provided with travel insurance that made covering the costs so much easier. Therefore, make sure to be covered prior to going on your next trip. Make a contribution to your own safety and well-being. It is worth every penny; you can take my word for it.
Arrange for Your Trip: Logistical Tips and Tricks
Book Your Flight
Skyscanner and Momondo can be of great help for finding low-cost flights. They are my personal favorites when it comes to search engines because they search airlines and websites worldwide. That way, you can be absolutely sure that you got the best possible deal.
Book Your Accommodation
You can use Hostelworld for booking a room in a hostel since they are known for having the biggest inventory. In case a hostel is not your preferred kind of accommodation, you can use Booking.com. The website is great for finding budget-friendly accommodation in hotels and guesthouses. I personally rely on them a lot.
Remember Travel Insurance
Purchasing travel insurance is a great way of protecting yourself against injuries, illnesses, cancelations, thefts, and other similar misfortunes. It represents extensive protection in case of an emergency or crisis. I always make sure to have it before going on a trip as I have learned about its importance from my own experience. I have been purchasing insurance from World Nomads for a decade. My top two companies in terms of quality of service and value are the following:
- World Nomads (for people below 70 years of age)
- Insure My Trip (for elderly people over 70)