the cheapest travel insurance options, considering expert and consumer recommendations.
Winter 2022 outlook: With uncertainty in the economy and trickier weather conditions to contend with as the temperatures cool down (think: snow, sleet, freezing rain and wind), winter is an important time to purchase travel insurance to make sure your trip is covered. Travel insurance with a cancel for any reason rider can help you get money back if you are no longer able to take a vacation you originally booked due to financial hardship, such as losing your job or trying to cut back on expenses as talks of a recession loom. It can also protect in the case of severe weather:
You can be reimbursed for costs incurred if you are delayed on the way to your destination and numerous plans offer trip cancellation coverage if the journey is canceled due to poor weather. Travel insurance can also be helpful for people whose luggage has been lost or delayed on the way to their final destination:
Due to staff shortages, reports of baggage issues are on the rise and many policies will reimburse you for clothes and toiletries you may have to buy if your luggage is lost or missing.
There are plenty of smart ways to save money on your travel plans, but refusing to buy travel insurance isn’t necessarily one of them. Sure, you may not feel you need a travel insurance policy if you are going on a road trip or planning a cheap vacation close to home. However, we all know “life happens” and plenty of scenarios can knock your travel plans off track.
Why do you need travel insurance? Before COVID-19 brought the travel world to a screeching halt, vacations could be interrupted or canceled altogether due to an unexpected illness, a family emergency or a cancellation by an airline or resort. Not only that, but travel insurance can also cover other components of your trip you may not even think of.
This could include lost or stolen baggage or a missed connection that requires a sudden hotel stay and a few dinners while you’re rerouted on another flight. With ongoing uncertainty as the coronavirus pandemic continues to affect travelers in the U.S. and around the world, travel insurance might be another thing you want to factor into your overall trip cost when planning a vacation.
To determine the Cheapest Travel Insurance Companies, U.S. News created sample traveler profiles for three separate eight-day trips to different domestic and international destinations at various price points. We used that information to get quotes for the cheapest option for 100% trip cancellation coverage for each trip. We then calculated the average cost of the trips to determine the sample average cost.
Find more information on the methodology for the Cheapest Travel Insurance Companies here. (Note: The sample average costs are not price quotes from U.S. News. To find a travel insurance price quote, use the “get a quote” link to enter your trip details and find more information.)
The Cheapest Travel Insurance Companies:
World Nomads Travel Insurance
* Trawick International
* AXA Assistance USA
* GoReady Travel Insurance
* Generali Global Assistance
* Allianz Travel Insurance
* Nationwide Insurance
* Seven Corners
* IMG Travel Insurance
* American Express Travel Insurance
Keep in mind coverage limits and availability may vary by state. Also note: Coverage for trip cancellation or interruption due to COVID-19 varies by provider, so you’ll want to consult each travel insurance website for further details. Read on to find out more about what each company offers and decide which travel insurance policy is right for you.