Best Value Travel Insurance Companies of 2025

Regardless of how much you plan, there’s no such thing as a risk-free trip. Delays, cancellations, sudden illnesses, and unexpected injuries are just a few ways your dream vacation can take a sudden turn for the worse.

While there’s no way to completely prevent these disruptions from occurring, travel insurance can protect you from the financial damage they bring.

With so many travel insurance companies in the market, finding the best value for your money can be overwhelming. To help, we’ve compiled a list of providers that are offering great coverage at affordable rates this year.

Best Value Travel Insurance Companies of 2025

Methodology: Squaremouth reviewed average premiums, average trip costs, policy details, and other internal sales metrics to determine the best value travel insurance providers for the categories listed below.

Best Value Travel Insurance

Detour Insurance
  • Policies specifically designed for adventure and sports travel
  • Generous Baggage Delay and Baggage Loss coverage
  • Plans are underwritten by Nationwide Mutual Insurance Company
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Detour Insurance specializes in plans that target the unique risks and coverage needs that come with adventure travel. With that said, their protection for key benefits like Travel Delay, Baggage Delay, and Baggage & Personal Item Loss appeal to the masses regardless of their trip type. Detour Insurance’s comprehensive plans cost an average of 1.8% of a traveler’s insured trip costs, well below the industry average.

Berkshire Hathaway Travel Protection
  • Voted ‘Best Overall Travel Insurance Company’ by NerdWallet
  • Great for affordable comprehensive and travel medical coverage
  • Globally recognized insurance brand
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Berkshire Hathaway Travel Insurance is part of one of the world’s largest and most recognizable insurance brands. They offer travelers a variety of policies that provide well-rounded coverage at an affordable price point. Their travel medical policies, in particular, are among the most popular on Squaremouth. If you’re looking for affordable comprehensive coverage, you can expect to pay roughly 3.65% of your insured trip costs.

Generali Global Assistance
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Generali Global Assistance is one of the biggest, and most trusted, names in travel insurance. They offer a variety of comprehensive plans that offer generous medical coverage, Trip Interruption insurance, and Baggage Loss protection. Generali Global Assistance is also among the best value travel insurance providers on Squaremouth, with their policies costing an average of 5.87% of a traveler’s insured travel expenses.

Best Value Travel Medical Insurance

Tin Leg
  • Best selling travel insurance company on Squaremouth
  • Up to $500,000 in Primary Emergency Medical insurance
  • Plans do not require a medical deductible to be met
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Backed by industry-leading data and insight, Tin Leg is a relatively newer travel insurance provider that aims to meet the evolving needs of today’s travelers. They offer a wide-range of plans at varying degrees of coverage, including Tin Leg Gold, which is currently the most popular policy on Squaremouth. Tin Leg also offers the most affordable travel medical insurance, averaging just over $28 per insured traveler.

Travelex Insurance Services
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Travelex Insurance Services is a U.S.-based travel insurance provider with an impressive 25+ year track record of helping customers protect their trips. They currently offer a variety of plans, including their family-friendly ‘Ultimate’ policy that includes coverage for one child 17 or younger per each insured adult traveler. Travelex’s travel medical policies appeal to those looking for budget-friendly health insurance while away from home, averaging around $31 per insured traveler.

Aegis
  • Up to $2,500 in Baggage Loss protection
  • Emergency Medical coverage starts at $50,000
  • ‘Stress-Less’ claims process aims to reduce paperwork
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Aegis sets itself apart from other travel insurance providers by bringing unique policies and processes to the market. Their ‘Go Ready Trip Cancellation’ policy, for example, is one of the few plans available on Squaremouth that waives popular benefits and solely focuses on providing cancellation coverage. They also offer strong medical plans at a competitive price point, with travel medical premiums averaging just over $33 per insured traveler.

Best Value Travel Insurance for Pre-Existing Conditions

Berkshire Hathaway Travel Protection
  • All plans extend Pre-Existing Condition coverage to eligible travelers
  • Emergency Medical coverage ranges from $10,000-$100,000
  • All policies currently hold an AM Best Rating of A++
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Berkshire Hathaway is not only among the best value travel insurance companies on Squaremouth, but they also hold the crown for the best value Pre-Existing Condition coverage on the platform, too. Eligible travelers can choose any one of their policies to receive up to $100,000 in medical protection for their pre-existing medical conditions. Berkshire Hathaway customers typically spend 5.95% of their prepaid, nonrefundable trip costs plan with the Pre-Ex benefit.

Travelex Insurance Services
  • Named ‘Best for Medical Coverage’ by NerdWallet
  • Up to $250,000 in coverage for pre-existing medical conditions
  • Policy can be extended for up to 7 days if certain criteria is met
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Travelex Insurance Services created policies that are well-suited for budget-conscious travelers, regardless of their destination. In addition to offering some of the most affordable travel medical insurance, Travelex also provides great value Pre-Existing Condition coverage to their customers. The provider’s ‘Ultimate’ policy offers up to $250,000 in medical protection and can be purchased for roughly 6.73% of your total prepaid, non-refundable travel expenses.

Nationwide Mutual Insurance Company
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Nationwide Mutual Insurance Company is a leading insurance and financial services provider. They offer a selection of unique policies on Squaremouth, including a handful of plans that are specifically designed to cover common disruptions experienced while taking a cruise. Most of their plans provide coverage for pre-existing medical conditions, with reimbursement limits for flare-ups reaching up to $250,000 per person. Policies with the Pre-Existing Condition benefit can be purchased for 6.92% of insured trip costs.

How Much Does Travel Insurance Cost?

The cost of travel insurance depends on a wide-range of factors specific to you and your travel plans. Typically, travel insurance companies will take into consideration your age, trip costs, trip length, and destination when determining premiums.

For comprehensive coverage, you can expect to pay between 4-10% of your insured trip costs. For example, a $5,000 vacation may cost between $200-$500 to insure. Some providers, however, may fall above or below this range.

The average cost of comprehensive travel insurance in 2025 is roughly $350 per trip.

Travel medical insurance policies, which are policies that don’t include trip cost protection, can be purchased for much cheaper, with premiums typically averaging around $56 per insured traveler.

How to Find Affordable Travel Insurance Policies

Finding affordable travel insurance policies involves a combination of research, comparison, and understanding your specific needs. Here are some steps to help you find the best deal:

  • Determine Your Needs: Identify the key benefits that are most important to you and the minimum amount of coverage you need for peace of mind.
  • Check for Existing Coverage: Travel credit cards sometimes offer limited travel protection that could fulfill some or all of your insurance needs.
  • Compare Policies: See how policies compete side-by-side when it comes to price, coverage, customer satisfaction, and value for money.
  • Only Insure Non-Refundable Expenses: When prompted to enter your trip costs, be sure to omit any refundable expenses that won’t be reimbursed by your insurer.

For more money-saving tips, be sure to check out our full list of ways to enjoy lower premiums when shopping for travel insurance.

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