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.
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 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 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.
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 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 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.
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 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 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.
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.
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:
For more money-saving tips, be sure to check out our full list of ways to enjoy lower premiums when shopping for travel insurance.
Have questions about travel insurance coverage? Call us!
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