9 Best Travel Insurance Companies of 2025

Traveling can be an exhilarating adventure, but it also comes with its fair share of risks. From lost luggage and missed flights to unexpected medical emergencies, having travel insurance can be a lifesaver. As we look ahead to 2025, understanding the best travel insurance companies can help you make educated decisions about protecting your travel investments and ensuring peace of mind during your journeys.

What to Know About Travel Insurance

Before diving into our list of the best travel insurance companies, it’s essential to understand what travel insurance covers and why it’s crucial for your trips.

• Coverage Overview: Travel insurance typically reimburses you for lost luggage, missed flights, trip cancellations, and emergency medical expenses. With the uncertainty surrounding travel today, having insurance that protects you against these potential issues is more critical than ever.
• When to Buy: It’s advisable to purchase travel insurance right after booking your trip to ensure the best coverage and benefits. Many policies include specific protections that fade after you book your flights or accommodations.
• Our Top Picks: For 2025, we’ve reviewed and selected several insurance providers that offer various coverage options tailored to different travel needs. Our top picks include Seven Corners, Generali Global Assistance, and TravelInsured.com among others.

Our Top Picks for the Best Travel Insurance

Below is a detailed overview of the nine best travel insurance companies for 2025. We’ve analyzed various options based on coverage, customer feedback, and overall reputation.

Company Name	Best For	COVID-19 Coverage	Age Restrictions	Optional Coverage	AM Best Rating
AIG Travel Guard	Add-ons and Customization	Yes	All ages	CFAR, Pre-existing condition waiver	A
Allianz Insurance	Business Travelers	Yes	All ages	Rental car collision/loss	A+
Generali Global Assistance	Emergency Support Services	Yes	All ages	CFAR, Additional medical coverage	A+
HTH Travel Insurance	Long-term International Travel	Yes	Up to 95 years	CFAR, International expatriate	A
Nationwide Insurance	Cruises	Yes	All ages	Collision/loss insurance	A+
Seven Corners	Large Groups	Yes	All ages	CFAR, Medical insurance for groups	A++
TravelInsured	Flexible Plans	Yes	All ages	Trip cancellation insurance	A+
Travelex Insurance Services	Families with Children	Yes	All ages	Trip delay coverage	A++
World Nomads	Adventure Sports	Yes	Under 70 years old	Coverage for over 150 sports	A+

1. AIG Travel Guard

Best For: Add-ons and Customization
AIG Travel Guard stands out for its comprehensive coverage options tailored to travelers needing a bit extra. Notable offerings include a pet bundle, wedding bundle, and lodging coverage in case you test positive for COVID-19 abroad. AIG currently holds an A rating with AM Best. Read more about AIG Travel Guard here.

2. Allianz Insurance

Best For: Business Travelers
Allianz is an excellent option for frequent business travelers. Its annual plan covers trip cancellations, medical emergencies, and even rental car damage. It boasts a robust 24-hour assistance service accessible via the Allianz TravelSmart app. Discover more about Allianz here.

3. Generali Global Assistance

Best For: Emergency Support Services
Generali includes comprehensive support services with all its policies, ensuring that travelers have assistance during crises. With options catering to specific needs, its preferred and premium plans stand out for inclusivity. Learn more about Generali here.

4. HTH Travel Insurance

Best For: Long-term International Travel
HTH offers specialized plans for expatriates and students traveling abroad, featuring unlimited medical maximums and no waiting period for pre-existing conditions. For more about HTH, visit here.

5. Nationwide Insurance

Best For: Cruises
Known for its tailored cruise insurance plans, Nationwide offers various tiers that cater to specific budgets while providing excellent medical coverage. Check out Nationwide’s offerings here.

6. Seven Corners

Best For: Large Groups
Providing comprehensive group plans, Seven Corners covers medical expenses and emergency evacuations tailored for groups traveling together. For more information, see Seven Corners here.

7. TravelInsured

Best For: Flexible Plans
TravelInsured enables travelers to customize their coverage easily while providing essential protections against various unforeseen events. More details on TravelInsured can be found here.

8. Travelex Insurance Services

Best For: Families with Children
Travelex’s plans cover children under 17 at no extra charge, making it ideal for traveling families. For insights into Travelex’s offerings, read more here.

9. World Nomads

Best For: Adventure Sports
World Nomads is specifically great for adventure enthusiasts as it covers over 150 sports activities, providing necessary medical and evacuation coverage. For more information, explore World Nomads here.

Understanding Travel Insurance: Coverage & Exclusions

Travel insurance can seem complicated, so understanding what it covers is crucial. Here’s a breakdown of common inclusions, potential add-ons, and exclusions.

What Does Travel Insurance Cover?

• Trip Cancellation Insurance: Refunds up to 100% of prepaid, non-refundable travel costs if you cancel for covered reasons.
• Trip Interruption Coverage: Reimburses for unused portions of the trip and any expenses to return home, typically capped at 150% of the trip cost.
• Emergency Travel Medical Insurance: Covers medical expenses incurred during your journey.
• Emergency Medical Evacuation: Provides coverage for evacuation in case of severe medical issues.
• Baggage Coverage: Protects against loss, damage, or delay of baggage and personal effects.
• Worldwide Assistance: Offers 24/7 support for emergencies during your trip.

Popular Travel Insurance Add-Ons

• Cancel for Any Reason Coverage (CFAR): Allows you to cancel for virtually any reason, reimbursing a percentage of your non-refundable costs.
• Pre-existing Condition Waiver: Allows for coverage of certain pre-existing conditions.
• Adventure Sports Coverage: Covers injuries or losses related to high-risk sports.

What Does Travel Insurance Not Cover?

• Existing medical conditions that are not disclosed or covered.
• Injuries sustained while participating in extreme sports unless specifically covered.
• Loss of personal items not covered by standard insurance (e.g., electronics).
• Claims related to "foreseeable events," such as pandemics.

How to Choose the Right Travel Insurance

Choosing the right travel insurance involves asking the right questions and understanding your needs:

1. Define Your Travel Insurance Needs

Consider your travel plans, including duration, destinations, and activities. Tailor your coverage based on specific needs, such as business equipment insurance or coverage for family trips.

2. Review Policy Limits

Ensure the coverage limits are sufficient for your needs. Higher-value items may need additional coverage add-ons.

3. Check Policy Fine Print

Read the details of the policy carefully. Make sure to inquire about exclusions, especially concerning activities or sports you plan to partake in.

4. Compare Quotes

Using platforms that compare insurance options, you can find the best deals tailored to your specific needs.

5. Purchase Soon After Booking

To maximize coverage options, especially for pre-existing conditions, purchase your policy immediately after booking your trip.

Is Travel Insurance Worth It?

Travel insurance is often worth it for high-cost and international trips. It provides a safety net against unforeseen events and can save you from significant financial loss. However, if you have existing coverage through your credit card or other means, ensure it suits your travel plans.

Conclusion

As we embark on 2025, having robust travel insurance is essential for every traveler. The travel landscape continues to evolve, and so do the possibilities for unforeseen events. By choosing one of the best travel insurance providers on this list, you can travel with confidence, knowing you have taken steps to protect yourself and your investment in your travels.

For more information on specific policies and to find the best option for your trip, please check the websites and get quotes from the mentioned companies. Safe travels!

Feature image Credit: pixabay.com