Best Travel Insurance Companies for International Travel in 2024

Best Travel Insurance Companies for International Travel in 2024

Absolutely pumped for that international adventure! Ready for those incredible experiences, but hey, let’s also give a little thought to the potential risks that you might face on this journey.

Research shows that in the first three months of 2023, approximately 235 million tourists traveled internationally, surpassing the figures from the same period in 2022, more than doubling the numbers.

Having travel insurance is key to a safe and protected journey. Interestingly, 38% of Americans use travel insurance for international travel. We care about your safety, and will do anything within our reach to ensure that you are safe during international travels.

Do you think travel insurance for international travel is expensive? Well, it might not be as expensive as you think. Let’s see the costs.

How much does Travel Insurance For International Travel cost?

Typically, how much you’ll pay for travel insurance abroad depends on factors like your age, your destination, and the overall trip cost. Generally, the cost of travel insurance for international travel falls in the range of $80 to $160 for a $2,000 trip.

Interestingly, 40% of Americans express a likelihood of buying travel insurance for future international trips. However, shockingly, a slightly higher 41% of U.S. citizens don’t end up purchasing travel insurance when they head abroad.

Importance of Travel Insurance for International Travel

The significance of travel insurance during international trips cannot be overstated. Here are some reasons why you need travel insurance:

  • Medical Emergencies: Medical coverage is a primary reason for having travel insurance. Health issues can happen unexpectedly, and medical expenses abroad can be expensive. Travel insurance steps in to cover hospitalization, medical treatments, and evacuation if needed.
  • Trip Cancellation or Interruption: Unexpected situations like family emergencies, natural disasters, or unforeseen work commitments can indeed disrupt travel plans. In these scenarios, travel insurance becomes crucial. It offers the necessary financial protection through recouping non-refundable expenses for trip cancellations or interruptions.
  • Lost or Delayed Baggage: Airlines occasionally misplace or delay baggage. Travel insurance typically covers the cost of essential items you may need while waiting for your luggage or reimburses you if your baggage is permanently lost.
  • Travel Delays: Flights can be delayed or canceled due to various reasons. Travel insurance often includes coverage for additional expenses incurred due to unexpected delays, such as accommodation, meals, and transportation.
  • Emergency Evacuation: In the event of a natural disaster, political unrest, or other emergencies, travel insurance can cover the costs associated with emergency evacuation, ensuring your safe return home.
  • Personal Liability and Legal Expenses: Travel insurance may provide coverage for legal expenses and personal liability in case you accidentally injure someone or damage property during your travels.
  • Financial Protection: Travel insurance provides financial protection by reimbursing non-refundable expenses in case of trip cancellations or interruptions. This can include costs related to flights, accommodations, tours, and other prepaid arrangements.
  • Peace of Mind: Perhaps one of the most significant benefits of travel insurance is the peace of mind it brings. There is no better feeling than knowing that you have a safety net in place for your travels. It will allow you to enjoy your trip without constant worry about unforeseen circumstances.
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10 Best Travel Insurance Companies For International Travel

There are several insurance companies in the United States that offer travel insurance for international travel.

Note: This is not a sponsored post. Non of the insurance companies on this list paid us a dime to be on our platform.  However, based on our personal findings and customer reviews on different platforms. You can still do your personal research to know the full details of companies and their terms of services.

Here is the list of the best travel insurance companies for international travel in USA:

1. Allianz Global Assistance

Allianz Global Assistance is like the go-to expert in travel insurance! They’re known for covering everything you can think of and providing top-notch customer service. Plus, they’ve got a bunch of plans to suit whatever kind of travel you’re into.

Whether you just want the basics like trip cancellations and delays or need more coverage, Allianz has you covered. They offer a personalized approach to travel insurance, including options for medical emergencies and evacuation.

Pros of Allianz Global Assistance

  • Extensive global network for assistance services.
  • Diverse insurance products, including travel and health coverage.
  • Reputation for financial stability and reliability.

Cons of Allianz Global Assistance

  • Some customers report slow claims processing.
  • Coverage details may vary, requiring careful review.
  • Premiums can be relatively high compared to competitors.

2. World Nomads

If you’re an adventurous soul exploring off the beaten path, World Nomads is your go-to. Designed for outdoor enthusiasts, they’ve got your back with coverage for all sorts of travel mishaps.

Whether you’re into extreme sports or facing unexpected medical emergencies, World Nomads’ policies are all about giving peace of mind to the adventurous soul.

Pros of World Nomads

  • Covers travel worldwide.
  • Tailored for adventurous activities.
  • Customizable plans for specific needs.
  • Easy online management of policies.
  • 24/7 support during travel.
  • Engages in responsible and sustainable travel projects.

Cons of World Nomads

  • Premiums may be higher.
  • Limits based on traveler’s age.
  • Restrictions on maximum trip duration.
  • Some activities may not be covered.
  • Claims may involve intricate procedures.

3. AXA Assistance USA

As a global giant in the insurance industry, AXA Assistance USA brings forth a reputation built on reliability.

They’re known for plans that pack a punch with significant medical coverage and a whole range of other travel perks.

Whether it’s comprehensive coverage for health emergencies or protection against trip interruptions, AXA Assistance USA stands as a solid choice.

Pros of AXA Assistance USA

  • Extensive global support for travelers.
  • Several insurance options available.
  • Continuous customer assistance.
  • Positive track record and reliability.

Cons of AXA Assistance USA

  • Relatively high premiums.
  • Plans may have restrictions.
  • Perceived complexity in documentation.
  • Occasional negative reviews, emphasizing the need for understanding policy terms.

4. Travelex Insurance Services

Flexibility is the hallmark of Travelex Insurance Services. The company know that travelers have different needs, so they provide customizable plans that allow individuals to tailor their coverage.

Travelex has you covered from trip cancellation and interruption to handling medical emergencies. No matter your travel insurance needs, Travelex will always meet it, no matter how complex they are.

Pros of Travelex Insurance Services

  • Comprehensive coverage for various aspects of travel.
  • Customizable plans tailored to individual needs.
  • Diverse range of policies for different travelers.
  • Reputable provider known for reliability.
See also  Tips for Getting Affordable Travel Insurance for Your Next Trip

Cons of Travelex Insurance Services

  • Relatively high cost of insurance plans.
  • Policies may have limitations requiring careful review.
  • Claims process perceived as complex.
  • Mixed customer reviews regarding claims and customer service.

5. Seven Corners

Seven Corners takes the lead in covering high-risk destinations. They specialize in providing flexible plans tailored for areas with potential challenges. Furthermore, they cater to various types of travelers – be it a business trip or an adventure-seeking escapade.

Pros of Seven Corners

  • Comprehensive travel insurance coverage
  • Global assistance services
  • Multiple plan options for different needs

Cons of Seven Corners

  • Premiums can be relatively high
  • Some coverage limitations and exclusions
  • Mixed customer reviews

6. IMG Global

IMG Global is best for expatriates and long-term travelers. They have worked with this demographics over the years and they understand their challenges. IMG Global offers extensive medical coverage coupled with additional benefits.

One thing that people like about them is that that they are committed to the well-being of travelers during extended stays.

Pros of IMG Global

  • IMG Global provides international coverage for individuals and families.
  • Offers a range of insurance plans including health, travel, and specialty coverages.
  • Provides 24/7 emergency assistance services for travelers.
  • Flexible plans allow customization based on specific needs.

Cons of IMG Global

  • Premiums may be relatively higher compared to basic local insurance plans.
  • The variety of plans may be overwhelming for some customers.
  • The provider’s network may not be as extensive in certain regions.
  • Some pre-existing conditions may not be covered, and coverage may have limitations.

7. Generali Global Assistance

Generali Global Assistance is like an old pro in the insurance game, bringing loads of experience to help you out. They’ve got these awesome plans covering everything from canceling trips to unexpected interruptions, making sure they’ve got you covered, no matter where your adventures take you!

People love going with this company because they’ve got this solid rep for being totally reliable. If you want a travel insurance provider you can trust, this one’s a top pick.

Pros of Generali Global Assistance

  • Generali Global Assistance operates worldwide.
  • Offers a range of services, including travel insurance, medical assistance, and identity protection.
  • Generally positive reviews and a reputable name in the assistance industry.

Cons of Generali Global Assistance

  • Services may come at a higher cost compared to some competitors.
  • Specific plans may have limitations or exclusions that could affect the extent of coverage.
  • Some users report mixed experiences with customer service, with occasional issues in responsiveness.

8. HTH Travel Insurance

For travelers prioritizing medical coverage and emergency services, HTH Travel Insurance is a notable option. HTH offers plans for both short-term and long-term international travel, emphasizing the importance of health-related contingencies.

Their commitment to providing comprehensive medical coverage makes them a go-to choice for health-conscious travelers.

Pros of HTH Travel Insurance

  • Comprehensive coverage for medical emergencies abroad.
  • Assistance services, including 24/7 customer support.
  • Flexible plans to suit different travel needs.
  • Coverage for trip cancellations and interruptions.

Cons of HTH Travel Insurance

  • Some plans may be relatively expensive.
  • Coverage limitations and exclusions apply.
  • Pre-existing conditions may have limited coverage.
  • Certain activities or regions may not be covered.

9. TravelGuard

The brand TravelGuard is a big deal in the travel insurance world. They offer all types of travel insurance plans to fit whatever you need. Whether you just want coverage for canceled trips or need the whole shebang, including medical emergencies and evacuation, TravelGuard’s got your back.

See also  Tips for Getting Affordable Travel Insurance for Your Next Trip

They’re interested in giving you options to make sure your trip is as protected as you want it to be. You get to pick plans that match exactly what you need for your trip. It’s all about making sure you’ve got the perfect protection for your journey – total customization!

Pros of TravelGuard

  • Comprehensive coverage for trip cancellations and interruptions.
  • Emergency medical coverage for illness or injury during travel.
  • Coverage for lost or delayed baggage.
  • 24/7 travel assistance services.

Cons of TravelGuard

  • Cost can be relatively high.
  • Some coverage may have limitations or exclusions.
  • Certain pre-existing conditions may not be covered.
  • Claims process can be bureaucratic.

10. USI Affinity Travel Insurance Services

USI Affinity Travel Insurance Services offers a range of plans catering to various types of travelers, from students to families and business professionals. 

Their coverage includes standard features like trip cancellation and medical emergencies, and they often provide additional services such as concierge assistance. USI Affinity aims to provide tailored solutions for different travel scenarios.

Pros of USI Affinity Travel Insurance Services

  • Comprehensive coverage for travel-related emergencies.
  • User-friendly online tools for policy management.
  • Flexible options to customize coverage based on individual needs.

Cons of USI Affinity Travel Insurance Services

  • Premiums may be higher compared to some competitors.
  • Limited coverage for pre-existing conditions.
  • Some policy details may have specific exclusions.

How to Save on Travel Insurance For International Travel

Saving on travel insurance while enjoying the full coverage is a good approach for any international traveler. Here are practical tips on how to save on the best travel insurance companies for international travel in the USA:

  • Compare Plans: Use comparison websites like Squaremouth and InsureMyTrip to compare plans from various insurance providers. This allows you to find the best coverage at the most competitive price.
  • Buy Essential Coverage: Evaluate your travel needs and opt for coverage that is essential. Skip add-ons that might not be relevant to your trip, thereby reducing the overall cost.
  • Consider Your Health: If you have comprehensive health coverage at home, you might not need high medical coverage in your travel insurance. Adjusting this can significantly lower your premium.
  • Choose a Higher Deductible: Opting for a higher deductible means you agree to pay more out of pocket before the insurance coverage kicks in. This often results in lower premium costs.
  • Travel During Off-Peak Seasons: Plan your travels during off-peak seasons. Some insurance providers offer lower premiums for trips during periods with lower travel demand.
  • Bundle Insurance Policies: Check if the insurance provider offers bundling options. Sometimes, combining travel insurance with other policies, such as car or home insurance, can get you discounts.
  • Look for Discounts: Keep an eye out for discounts offered by insurance companies. These could be related to age, group travel, or loyalty programs.
  • Review Your Existing Coverage: Check if your credit card or existing insurance policies provide any travel-related coverage. You might not need duplicative coverage and can save by relying on what you already have.
  • Plan Well in Advance: Purchase your travel insurance well in advance. Some providers offer better rates for early bookings, and you have ample time to compare options.
  • Review and Update Your Policy: Regularly review your travel plans and adjust your insurance coverage accordingly. If your plans change, you might be able to modify your policy to save money.

Conclusion: Best Travel Insurance Companies For International Travel

If you care about a secure and enjoyable international journey, then you should buy the best travel travel insurance for international trips. The 10 insurance companies in the United States that we highlighted in this guide have, over the years, proven their reliability and commitment to providing comprehensive coverage.

Before you settle on your go-to insurer, take a moment to check out what you really need for your trip. Think about where you’re headed and any possible hiccups along the way – it’ll help you make the right call! Safe travels!

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