The Best Selling Travel Insurance Companies of 2022

Squaremouth offers the largest travel insurance marketplace in the U.S. Using our quote and comparison tools, travelers can find the best travel insurance policy for their trip at the most affordable price.

Leveraging analytics from 2.4 million insured travelers, Squaremouth ranks the best travel insurance companies of 2022 based on policies sold.

Best Selling Travel Insurance Providers

27.54%
Rating 4.14 / 5
2,190 Reviews
13.74%
Rating 4.39 / 5
3,103 Reviews
11.21%
Rating 4.61 / 5
3,197 Reviews
7.31%
Rating 4.38 / 5
3,671 Reviews
5.29%
Rating 4.25 / 5
745 Reviews
Squaremouth’s list of Best Selling Travel Insurance Providers is based solely on which which providers have sold the most plans on the Squaremouth.com comparison platform in the past 12 months. The most in-demand products may change at any time, depending on the travel landscape, evolving consumer needs, and as different benefits become available.

What Does The Best Travel Insurance Policy Include?

Comprehensive travel insurance will cover the most common traveler concerns, including cancellation, medical, travel delay, and lost luggage benefits, among others. Travel insurance is designed to help protect travelers from a financial loss before or during their trip, whether it’s due to an unforeseen event beforehand that impacts their vacation plans, a medical emergency while traveling, or other unexpected losses.

Trip Cancellation and Interruption Insurance

The most common reason travelers buy travel insurance is for Trip Cancellation coverage. Roughly 70% of travelers who buy trip insurance on Squaremouth.com purchase Trip Cancellation.

The Trip Cancellation benefit can reimburse 100% of a traveler’s prepaid and non-refundable trip expenses if they need to cancel for a covered reason.

The most common covered reasons within Trip Cancellation include:

  • An unforeseen illness, injury or death
  • A hurricane or inclement weather
  • A terrorist attack
  • Other reasons such as financial default of an airline, a natural disaster, employment layoff, or others

Trip Cancellation is a pre-departure benefit that covers travelers before they leave. Travelers who buy a policy with this benefit will also have Trip Interruption coverage during their trip. This benefit provides the same covered reasons as Trip Cancellation, however applies to travelers whose trip is unexpectedly impacted once it has already begun, causing a financial loss.In addition to covering a traveler’s prepaid and non-refundable expenses, Trip Interruption can also reimburse their additional travel expenses to return home.

For travelers who want cancellation coverage with increased flexibility, Cancel For Any Reason is the best option. Cancel For Any Reason can provide partial reimbursement for travelers who need to cancel for reasons that are not otherwise covered by Trip Cancellation. While this benefit provides added flexibility, it does increase premium by roughly 40%.

Travel Medical Insurance

After Trip Cancellation, the most important benefit for a majority of travelers is medical coverage. About 30% of Squaremouth travelers buy a policy specifically for travel medical insurance.

There are two main travel medical insurance benefits: Emergency Medical and Medical Evacuation.

Emergency Medical: The Emergency Medical benefit can reimburse the costs to treat a medical emergency during a trip. This benefit covers the cost of treatment for an unexpected illness or injury that occurs while traveling, including ambulance services, hospital and doctor bills, emergency dental services, and x-rays or lab costs. This benefit does not cover routine checkups, prescription refills, or any type of medical tourism.

Squaremouth recommends travelers taking international trips purchase at least $50,000 in Emergency Medical coverage. Travelers taking a cruise or visiting a remote destination should look for a policy with at least $100,000 in medical coverage.

Medical Evacuation: The Medical Evacuation benefit can provide coverage for transportation of a traveler to the nearest adequate medical facility in the event of a medical emergency during their trip. Most policies with Medical Evacuation coverage will transport a traveler to the nearest adequate medical facility. If the treating physician determines they should return home to receive further medical attention, this benefit can also cover those transportation expenses.

Squaremouth recommends travelers taking international trips purchase at least $100,000 in Emergency Medical. For travelers taking a cruise or traveling to a remote destination, travelers should look for a policy with at least $250,000 in coverage.

What are the Additional Benefits within a Comprehensive Travel Insurance Policy?

These additional benefits include coverage for travel delays, luggage, accidental death, and adventurous activities, among others. Most travel insurance policies are built to provide coverage for the most common traveler concerns. In addition to cancellation and medical benefits, there are other key travel insurance benefits that travelers should look for in a policy.

Squaremouth provides a detailed breakdown of all travel insurance benefits, helping travelers find the specific coverage they need for their trip,

How Much Should You Pay for Travel Insurance?

In general, a comprehensive travel insurance policy including the Trip Cancellation benefit will typically cost between 5% and 10% of the total insured trip cost. Travel medical policies without cancellation coverage are significantly less expensive.

The main factors that determine the cost of a travel insurance policy are the cost of the trip, the age of the travelers, the length of the trip, and the coverage amounts.

How to Buy the Best Travel Insurance For Your Trip

Most travel insurance plans include most of the same coverage, however the benefit limits and cost per plan can vary significantly. Because of this variance, Squaremouth always recommends the least expensive policy with the benefits a traveler needs.

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All policies provide worldwide coverage unless stated prior to purchase.
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