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The 7 best travel insurance providers

We compared travel insurers on coverage, medical protection abroad and cancel-for-any-reason options, and tacked on a short primer on the coverage that protects something bigger than any trip: your income.

Last reviewed: · Reviewed by the TheSavvyAmericans editorial team

The 7 best travel insurance providers

We compared travel insurers on coverage breadth, trip-cancellation and interruption benefits, emergency medical and evacuation limits, and optional upgrades like Cancel For Any Reason. Prices hinge on your trip cost, age and destination, so get a quote and, importantly, read the certificate of coverage before buying, because that is where the real terms live.

01
Our top pick

Travelex

Plan type: Trip protection

Best overall

  • Well-rounded trip protection
  • Kids covered on some plans
4.5 / 5
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Travelex offers well-rounded plans with strong trip-protection benefits and family-friendly features, including coverage for children on some plans. It is a solid default for most leisure travelers.

Also worth knowing

  • Optional CFAR and upgrades
  • Good customer support

Cons

  • Medical limits trail specialist plans
  • CFAR costs extra and has timing rules
  • Two core plans may feel limited
Plan type
Trip protection
CFAR option
Yes (add-on)
Medical
Included
Best for
Leisure travelers
02
Best for frequent travelers

Allianz Travel

Plan type: Single + annual

Best for annual multi-trip plans

  • Annual multi-trip plans available
  • Large, established provider
4.4 / 5
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Allianz offers both single-trip and annual multi-trip plans, making it a strong pick if you travel several times a year. Its established network and app support add convenience for busy travelers.

Also worth knowing

  • Helpful app and 24/7 assistance
  • Range of plan tiers

Cons

  • CFAR not available on every plan
  • Some plans have modest medical limits
  • Coverage terms vary by state
Plan type
Single + annual
CFAR option
Select plans
Medical
Included
Best for
Frequent travelers

Every pick on this page: independently researched · ranked on our published methodology · compensation never sets the order

03
Best for adventure

World Nomads

Plan type: Adventure travel

Best for adventure and active travel

  • Covers many adventure activities
  • Can buy or extend while traveling
4.3 / 5
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World Nomads is popular with adventurous and active travelers because its plans cover a long list of adventure activities that many insurers exclude. You can often buy or extend coverage while already traveling.

Also worth knowing

  • Good for backpackers and active trips
  • Strong emergency assistance

Cons

  • Fewer trip-cancellation options than leisure plans
  • Limited CFAR availability
  • Coverage limits vary by plan
Plan type
Adventure travel
CFAR option
Limited
Medical
Included
Best for
Adventure trips
04
Best for medical

Seven Corners

Plan type: Travel medical

Best for travel medical coverage

  • Strong travel medical options
  • Plans for visitors and long stays
4.2 / 5
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Seven Corners specializes in travel medical plans, including options for international visitors and longer stays abroad, with solid emergency medical and evacuation coverage. It suits travelers who prioritize health protection.

Also worth knowing

  • Good evacuation coverage
  • Flexible plan choices

Cons

  • Trip-cancellation features are secondary
  • Interface is less polished
  • Plan choice can be complex
Plan type
Travel medical
CFAR option
Select plans
Medical
Strong
Best for
Medical coverage
05
Best for customization

Travel Guard (AIG)

Plan type: Trip protection

Best for customizable plans

  • Highly customizable with add-ons
  • Backed by a large insurer
4.1 / 5
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Travel Guard, from AIG, offers customizable plans with a wide menu of add-ons, from rental-car damage to adventure upgrades, backed by a large insurer. It suits travelers who want to tailor coverage.

Also worth knowing

  • Plans for various trip types
  • 24/7 assistance services

Cons

  • Add-ons raise the price
  • Base plans vary in medical limits
  • Coverage terms differ by state
Plan type
Trip protection
CFAR option
Yes (add-on)
Medical
Included
Best for
Custom coverage
06
Best value

Generali Global Assistance

Plan type: Trip protection

Best value trip protection

  • Competitive pricing
  • Solid standard benefits
4.0 / 5
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Generali Global Assistance offers competitively priced tiered plans with solid trip-cancellation, interruption and medical benefits, plus strong 24/7 assistance. It is a good balance of price and coverage.

Also worth knowing

  • Good 24/7 assistance
  • Clear tiered plans

Cons

  • CFAR limited to higher tiers
  • Medical limits vary by plan
  • Fewer adventure options
Plan type
Trip protection
CFAR option
Top tier
Medical
Included
Best for
Value seekers
07
Best digital

Faye

Plan type: Trip protection

Best for a modern app experience

  • App-first with fast digital claims
  • Real-time travel assistance
4.0 / 5
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Faye is a newer, app-first travel insurer offering whole-trip coverage, fast digital claims and real-time trip assistance, with reimbursements that can be paid to a digital wallet. It suits travelers who want a modern experience.

Also worth knowing

  • Whole-trip coverage approach
  • Quick reimbursements

Cons

  • Newer company with a shorter track record
  • Fewer plan tiers
  • CFAR subject to timing rules
Plan type
Trip protection
CFAR option
Yes (add-on)
Medical
Included
Best for
App-first travelers

Side by side

Travel insurance providers compared at a glance
#ServiceBest forRatingPlan typeCFAR optionBest for
1TravelexBest overall4.5 / 5Trip protectionYes (add-on)Leisure travelers
2Allianz TravelBest for annual multi-trip plans4.4 / 5Single + annualSelect plansFrequent travelers
3World NomadsBest for adventure and active travel4.3 / 5Adventure travelLimitedAdventure trips
4Seven CornersBest for travel medical coverage4.2 / 5Travel medicalSelect plansMedical coverage
5Travel Guard (AIG)Best for customizable plans4.1 / 5Trip protectionYes (add-on)Custom coverage
6Generali Global AssistanceBest value trip protection4.0 / 5Trip protectionTop tierValue seekers
7FayeBest for a modern app experience4.0 / 5Trip protectionYes (add-on)App-first travelers

Ratings are TheSavvyAmericans editorial scores based on the criteria in the methodology section below, not user reviews or paid placements. Features and pricing change often, so confirm the current details on each provider’s official site before you sign up.

Important: Travel insurance covers only the specific named reasons spelled out in your policy, so it genuinely pays to read the covered perils and exclusions rather than assuming. Standard "trip cancellation" is not the same thing as Cancel For Any Reason, which has to be added and purchased within a short window after booking. And if you have health conditions, buy early to qualify for a pre-existing-condition waiver, because that door does not stay open long.

Advertising disclosure: TheSavvyAmericans may receive compensation when you apply for or open a product through links on this page. This does not influence our editorial evaluations. Products are reviewed using a documented methodology. Learn how we make money.

Key takeaways

  • 1Our top pick is Travelex for well-rounded, family-friendly coverage. If you travel often, Allianz and its annual plans make sense; if you chase adventure, World Nomads covers activities most insurers quietly exclude.
  • 2Timing matters more than people expect: buy travel insurance soon after your first trip payment to unlock time-sensitive benefits like pre-existing-condition waivers. Wait too long and that window closes.
  • 3Cancel For Any Reason (CFAR) is an optional add-on. It costs more, but it is the only thing that gives you real flexibility to cancel on your own terms, so weigh it honestly.
  • 4Travel medical coverage earns its keep abroad, where your regular U.S. health plan may not follow you. And disability insurance, which we cover below, protects a far bigger risk than any trip: your income.

How we picked and scored these providers

  • Coverage: trip-cancellation, interruption, delay, baggage and emergency medical benefits.
  • Medical and evacuation: limits for care and emergency transport abroad, where they matter most.
  • Flexibility: availability of Cancel For Any Reason and pre-existing-condition waivers.
  • Assistance and claims: quality of 24/7 support and how easy claims are to file.
  • Value: price relative to the coverage for a typical trip.

Good to know: These ratings are editorial assessments, not user reviews. Prices and terms depend on your trip and vary by state, so read each plan's certificate of coverage and get a quote before buying.

A quick primer on disability insurance

Travel insurance protects a trip. Disability insurance protects something far bigger: your ability to earn a living at all. If an illness or injury kept you from working, disability coverage replaces part of your income, and honestly, for most working people it matters more than any travel policy ever will.

  • Start with work: many employers offer short-term and long-term disability, sometimes free or low-cost, so check your benefits first.
  • Consider an individual policy: if your employer coverage is limited or you are self-employed, insurers like Guardian, Principal, MassMutual, Northwestern Mutual and Mutual of Omaha sell individual long-term disability policies.
  • Watch the definition of disability: an "own-occupation" policy pays if you cannot do your specific job, which is more protective than "any-occupation".
  • Check the elimination period and benefit length: how long you wait before benefits start and how long they last.

Good to know: Because disability coverage is so individual, compare it based on your income, occupation and existing employer benefits, ideally with an independent agent, rather than shopping on price alone. This is not the place to grab the cheapest option and hope.

Frequently asked questions

When should I buy travel insurance?
As soon as you make your first trip payment, ideally. Buying early unlocks the time-sensitive benefits, like pre-existing-condition waivers and the option to add Cancel For Any Reason, which usually has to be purchased within a short window (often 14 to 21 days) after your initial deposit. Wait, and you may simply miss them.
What is Cancel For Any Reason (CFAR) coverage?
CFAR is an optional upgrade that lets you cancel for reasons a standard policy would never cover and still recover part of your prepaid cost (commonly 50 to 75 percent). It costs more, has to be added when you buy, and comes with timing and eligibility rules, but in exchange it gives you by far the most flexibility.
Do I need travel medical coverage if I have health insurance?
Often yes, for international trips, even though it feels redundant. Many U.S. health plans provide little or no coverage abroad, and Medicare generally does not cover care outside the country at all. Travel medical and emergency-evacuation coverage can stand between you and a genuinely enormous bill far from home.
Is disability insurance more important than travel insurance?
For most working people, yes, and it is worth sitting with that for a second. Travel insurance protects the cost of a trip; disability insurance protects your income if you cannot work due to illness or injury, which is a far larger financial risk. Check your employer benefits first, then consider an individual policy if the gap is meaningful.

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