Best Luxury Travel Insurance Plans for 2026
Written By James Clark Author
Reviewed By Steven Benna Editor
Reviewed By Arielle Turriff Product Specialist
Key Takeaways
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We analyzed 100+ policies and found the best luxury travel insurance plans are offered by IMG, Travel Insured International, and AXA Assistance USA..
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Luxury travel insurance plans feature high Trip Cancellation coverage limits to protect your prepaid, non-refundable trip expenses if you’re forced to cancel your travel plans for a covered reason.
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*Plans that cover high-cost vacations often include the option to add the Cancel For Any Reason (CFAR) benefit to your coverage, giving you the most possible cancellation flexibility
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Many luxury plans include unique benefits like concierge services and identity theft protection, providing premium support and peace of mind while you travel.
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Most single-trip luxury travel insurance policies are comprehensive, and typically cost 4–10% of your total trip expenses.
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Try our online travel insurance comparison tool to compare multiple luxury travel insurance quotes at once. For personal assistance, call our award-winning agents at 1-800-240-0369.
The Most Popular Luxury Travel Insurance Plans
After analyzing all providers and plans on the Squaremouth marketplace, we can reveal that IMG is the top luxury travel insurance company so far in 2026. However, Squaremouth offers multiple plans that are well-suited for expensive trips.
- IMG – iTravelInsured Choice
- Travel Insured International – FlexiPAX
- AXA Assistance USA – Explorer Elite
To ensure transparency and independence in selecting our travel insurance award winners, we base our decisions solely on Squaremouth marketplace sales data from the previous month, without any influence from insurance companies, business relationships, affiliates, or other external parties. Each award is given to the top-selling plans that meet the specific criteria outlined below.
- Best Luxury Travel Insurance Plans: The top three plans with over 250 plans sold, trip costs greater than or equal to $20,000, sorted from highest to lowest number of policies sold.
The Best Luxury Travel Insurance Plans in Detail
Most Popular Luxury Travel Insurance Plan
Medical / Med Evac Coverage
$100,000 / $500,000Cancellation / Interruption Limits
100% / 150% of trip cost
The best-selling travel insurance policy among luxury travelers, covering roughly 25% of trips over $20,000
Includes up to $100,000 in Emergency Medical coverage and $500,000 in Medical Evacuation coverage, making it an excellent choice for international trips
Features special protection for personal sports equipment, such as golf clubs and ski gear
IMG’s iTravelInsured Choice policy is currently the most in-demand plan among travelers insuring over $20,000 in prepaid, non-refundable trip costs. This plan is a great option if you’re looking for well-rounded coverage against the most common trip disruptions, including medical emergencies, cancellations, and delays. Like other plans on this list, IMG offers a wide range of add-ons to really take your trip protection to the next level.
It’s important to note that this plan only covers up to $10,000 in prepaid, non-refundable trip costs per insured traveler. With that in mind, this plan is not recommended if your upfront travel expenses exceed $10,000 per person on your plan.
Best for Personalized Coverage
Medical / Med Evac Coverage
$100,000 / $500,000Cancellation / Interruption Limits
100% / 150% of trip cost
Great for high-cost vacations, covering up to $100,000 in travel expenses per insured traveler in the event of a cancellation
Provides the most possible flexibility for travelers, with the ability to add Cancel For Any Reason (CFAR), Interruption For Any Reason (IFAR), and various other upgrades
Includes concierge services at no additional cost, which can assist in making dinner reservations, purchasing event tickets, booking golf tee times, and more
Higher-cost vacations often require specialized protection. We chose Travel Insured International’s FlexiPAX plan as our pick for the best overall luxury travel insurance plan because it’s able to insure up to $100,000 in prepaid travel expenses per traveler. FlexiPAX offers more upgrades and add-ons than most policies on the market today, allowing customers to customize their coverage based on their unique adventure. The policy’s benefits, coverage limits, and customization capabilities resonate with travelers taking expensive trips, as FlexiPAX accounts for more than 35% of all luxury travel insurance sales.
FlexiPAX also features additional benefits like Identity Theft and Concierge Services to add an extra layer of support to customers seeking a more luxurious travel experience.
Great for Baggage Protection
Medical / Med Evac Coverage
$250,000 / $1,000,000Cancellation / Interruption Limits
100% / 150% of trip cost
Covers up to $50,000 in trip costs per insured traveler in the event you’re forced to cancel your plans due to a covered reason, such as an unexpected illness or injury
Offers up to $5,000 in Baggage Loss protection, which is among the highest coverage limits available for personal belongings
Includes $100,000 in Search & Rescue coverage, a benefit only a handful of policies on the market offer
AXA’s Explorer Elite plan caters specifically to travelers with high upfront costs. It covers up to $50,000 in prepaid, non-refundable travel expenses per person, which can reimburse first-class airfare and luxury accommodations in the event of a covered cancellation. The plan also features up to $5,000 in Baggage Loss protection, which is more than almost all other plans found on the Squaremouth marketplace. This benefit can reimburse you if your personal items go missing, get stolen, or become damaged while traveling.
If you are visiting a remote destination or planning an adventure trip, AXA’s Explorer Elite plan comes standard with up to $100,000 in Search and Rescue coverage in the event you go missing or become disoriented during your covered trip.
Compare Costs for the Best Luxury Travel Insurance Plans
One of the major determining factors when it comes to travel insurance premiums is the amount of prepaid, non-refundable trip costs you choose to insure. This includes expenses like first-class airfare, 5-star hotel accommodations, and private excursions.
Since luxury travel includes high upfront costs, the price of travel insurance is generally much higher than average.
The table below outlines estimated costs for a two-week luxury trip to Bora Bora, broken down by traveler type.
Plan |
Couple |
Family |
|
|---|---|---|---|
$763 |
$765 |
Get Quotes | |
$808 |
$544 |
Get Quotes | |
$1,015 |
$1,318 |
Get Quotes |
The above prices are examples of a sample quote for a generic traveler profile and destination. The actual price you pay will vary based on your age, trip length, trip cost, destination, state of residence, and more. We provide these prices for example purposes only. For exact pricing, get a quote using your unique trip details.
Luxury travel insurance premiums can differ dramatically from one provider to the next. As the table shows, these plans can cost hundreds, and sometimes thousands, of dollars.
If you’re traveling without young children, IMG’s iTravelInsured Choice can be a great option for your trip. Based on the figures, it offers the most affordable coverage for the 50+ year-old couple. IMG is also one of the most trusted travel insurance brands, offering great value for money to luxury travelers.
Travel Insured International, however, is a great option if you’re a parent and traveling with children under the age of 18. Since this plan offers free coverage for kids, it becomes a great way for families to protect their trip without breaking the bank. It also provides a wide range of upgrades and opportunities to customize your coverage, which is possible given the cost savings you receive by not having to pay to protect your children.
While AXA’s Explorer Elite policy is the most expensive option out of the plans featured, it is not the most expensive plan available on our platform. The higher premium is also a reflection of the policy’s very generous coverage limits, which will be highlighted in the section below.
Compare Benefits for the Best Luxury Travel Insurance Plans
If you’re spending hundreds of dollars on travel protection, it’s important to find a plan that fits your specific coverage needs. If you’re traveling to an international destination that doesn’t accept U.S. health insurance, it’s essential to pay close attention to the medical coverage a policy provides.
Because your luxury trip likely involves a high amount of prepaid, non-refundable travel expenses, Trip Cancellation and Trip Interruption coverage is also essential. Plans with great cancellation protection can save you thousands in the event you’re forced to unexpectedly cancel your trip or end it early.
The table below highlights how the top luxury travel insurance plans compare across the most popular benefits:
| Travel Insurance Benefit | IMG iTravelInsured Choice |
Travel Insured International FlexiPAX |
AXA Assistance USA Explorer Elite |
|---|---|---|---|
| Emergency Medical | Up to $100,000 per person | Up to $100,000 per person | Up to $250,000 per person |
| Medical Evacuation | Up to $500,000 per person | Up to $500,000 per person | Up to $1,000,000 per person |
| Trip Cancellation | 100% of trip cost (up to $10,000 per person) | 100% of trip cost (up to $100,000 per person) | 100% of trip cost (up to $50,000 per person) |
| Cancel For Any Reason | Available Upgrade | Available Upgrade | Available Upgrade |
| Trip Interruption | 150% of trip cost (up to $15,000 per person) | 150% of trip cost (up to $150,000 per person) | 150% of trip cost (up to $75,000 per person) |
| Travel Delay | $1,000 per person after a 6-hour delay | $1,000 per person after a 6-hour delay | $1,000 per person after a 12-hour delay |
| Missed Connection | (Cruise and tour only) $500 per person after a 6-hour delay | $500 per person after a 3-hour delay | $1,500 per person after a 3-hour delay |
| Baggage Loss | $1,000 per person | $1,000 per person | $5,000 per person |
| Baggage Delay | $300 per person after a 6-hour delay | $300 per person after a 6-hour delay | $500 per person after a 12-hour delay |
Luxury trips deserve great coverage. The plans listed in the table above all feature high trip cost protection, medical coverage, and exceptional customer support to ensure you’re protected every step of the way.
When protecting a high-cost trip, you may want additional flexibility. Cancel For Any Reason ( CFAR ) coverage can partially reimburse your travel expenses if you cancel your trip for a reason that isn’t otherwise covered, such as a conflicting schedule or a sudden change of heart. Fortunately, all of the plans listed above offer the option to add CFAR to your coverage for a fee.
While all plans offer adequate medical coverage, AXA’s Explorer Elite plan is a clear standout in this department. It offers up to $250,000 in Emergency Medical coverage and $1,000,000 in Medical Evacuation protection per person, enough to cover high medical costs at private hospitals around the world. This plan also features the best Baggage Loss protection, making it a top option if you’re traveling with high-cost items.
While not shown in the table, FlexiPAX is the only policy featured on this page that offers policy upgrades at checkout. These upgrades allow you to increase coverage limits for most benefits for a small fee. This, in a sense, gives you total control over how much financial protection you receive while traveling the world.
Compare Customer Satisfaction Ratings
When taking a luxury trip, it helps to know you’re protected every step of the way. Outside of cost and coverage limits, customer satisfaction is another factor to consider when comparing policies from different providers.
Squaremouth is home to over 180,000 travel insurance provider reviews and ratings. The table below shows how customers rate the provider’s level of service before, during, and after a trip.
| Customer Satisfaction | IMG | Travel Insured International | AXA Assistance USA |
|---|---|---|---|
| Overall Rating | 4.2 / 5 | 4.4 / 5 | 4.2 / 5 |
| Customer Service Before a Trip | 4.3 / 5 | 4.5 / 5 | 4.3 / 5 |
| Customer Service During a Trip | 3.6 / 5 | 4.0 / 5 | 3.6 / 5 |
| Customer Service After a Trip | 3.5 / 5 | 3.7 / 5 | 3.7 / 5 |
We based the ratings in the above chart on verified customer reviews and rounded them to the nearest decimal. All ratings were valid when we published them, but they may change as new reviews come in.
As you can tell from the ratings above, Travel Insured International has a reputation for delivering superior customer service before and during your trip. Having a provider that offers top-notch support at every stage of your journey can give you additional peace of mind and can make a huge difference when problems arise.
Both IMG and AXA provide great pre-trip customer assistance, but ratings fall when it comes to customer service while policyholders are traveling.
How Reliable Are the Best Luxury Travel Insurance Providers?
As you can tell from the ratings above, Travel Insured International has the best reputation among the luxury providers in this list. Having an insurer that offers top-notch support at every stage of your journey can give you additional peace of mind and can make a huge difference when problems arise.
We only offer policies on our site that come from reputable, financially strong travel insurance providers.A.M. Best ratings and Better Business Bureau scores help judge the financial strength and reliability of insurance companies. You can compare these scores for each luxury travel insurance plan below
| Reliability | IMG iTravelInsured Choice |
Travel Insured International FlexiPAX |
AXA Assistance USA Explorer Elite |
|---|---|---|---|
| Underwriter | SiriusPoint America Insurance Company | United States Fire Insurance Company | United States Fire Insurance Company |
| A.M. Best Rating | A- (Excellent) | A+ (Superior) | A+ (Superior) |
| BBB Rating | A+ | A+ | A+ |
As you can see, all of the luxury travel insurance plans on Squaremouth are backed by reputable, reliable providers. You can purchase coverage from these companies with confidence, knowing they handle claims fairly and will respond to your concerns with care.
Which Luxury Travel Insurance Plan is Right for Me?
The best way to find the perfect plan for your luxury trip is to compare options, paying close attention to the benefits that matter most for you. If you need personalized assistance, we recommend contacting our award-winning customer service team.
IMG – iTravelInsured Choice: Great Value Coverage for Luxury Trips
For a great, budget-friendly option, consider IMG’s iTravelInsured policy. This plan is particularly popular among luxury travelers because it offers all the benefits you’d expect from a luxury travel insurance policy without the high price tag. Some coverage highlights include up to $500,000 in reimbursement for medical evacuations and up to $1,000 in baggage loss protection. This plan is also backed by IMG, which is one of the world’s largest and most trusted insurance brands.
Travel Insured International – FlexiPAX: Best for Personalization
For the most customization options, we recommend Travel Insured International’s FlexiPAX plan. It offers ample ways for you to enhance your coverage, which can be great if you want the maximum amount of peace of mind when planning a trip that involves numerous upfront costs. For example, FlexiPAX offers a wide range of optional add-ons like CFAR, Interruption for Any Reason ( IFAR ), and Rental Car Damage protection that can be added to your coverage at checkout. FlexiPAX is also one of the only plans on our platform that allows you to increase coverage limits for select benefits, such as Emergency Medical, Medical Evacuation, Baggage Delay, and Baggage Loss, through policy upgrades.
AXA Assistance – Explorer Elite: Best for Medical Coverage
For best-in-class medical coverage, look no further than AXA Assistance’s Explorer Elite policy. It comes complete with up to $250,000 in Emergency Medical coverage and up to $1,000,000 in Medical Evacuation coverage. These limits are plenty to cover medical treatment at private facilities around the world, even in countries known for high medical costs. AXA also includes strong Baggage Loss protection in this plan, making it a solid option if you’re traveling with high-value items that may get lost, stolen, or damaged during your trip.
FAQs: Best Luxury Travel Insurance Plans
What to Look For When Insuring a High-Cost Trip?
When taking an expensive trip, it’s important to find a policy that can cover all of your travel costs. With so many comprehensive trip insurance plans currently on the market, it can be challenging to identify the perfect coverage for your trip.
When selecting a luxury travel insurance policy, keep an eye out for the following:
- High Trip Cost Coverage Limits: Choose a policy that covers all your insured trip costs, such as airfare, accommodations, tours, and transportation expenses. Ideally, your plan will cover 100% of your travel expenses for cancellations and 150% of your travel expenses for trip interruptions.
- Comprehensive Medical Coverage: Look for policies that include access to private hospitals, medical evacuations, and 24/7 emergency assistance services. This protection is especially important if you’re traveling overseas to a country that does not accept U.S. health insurance.
- Concierge & VIP Benefits: Premium policies often include complimentary concierge services that can assist in rebooking flights, arranging private transport, and securing exclusive reservations.
- Lost or Stolen Valuables: Ensure coverage for high-end personal effects such as luggage, jewelry, and electronics.
- Optional CFAR Coverage: This optional add-on can add flexibility to your trip, allowing you to cancel plans without needing a specific covered reason.
- Sports Activity Coverage: If your trip includes sports or activities, such as golf and skiing, travel insurance can provide specific coverage for related fees and personal equipment.
How Much Does Luxury Travel Insurance Cost?
As a rule of thumb, expect to pay between 4% and 10% of your total trip expenses for a comprehensive policy. For example, insuring a $50,000 luxury trip could cost anywhere from $2,000 to $6,000, depending on the level of coverage chosen.
Other factors that impact the cost of luxury travel insurance include your trip length, destination, age, and state of residence. Enhancing your travel insurance coverage through add-ons and policy upgrades can increase the cost of your policy.
Is Travel Insurance Worth It for an Expensive Trip?
For luxury travelers, insurance is not just an added expense; it’s an essential safeguard against the unexpected. With premium trips often involving substantial non-refundable costs, unforeseen events can result in significant financial loss if you’re not properly protected.
Beyond monetary protection, luxury policies ensure access to elite medical care, personalized support, and seamless trip adjustments, allowing you to travel with complete peace of mind.
Whether you’re booking a once-in-a-lifetime safari, a private yacht charter, or a five-star European getaway, luxury travel insurance ensures your experience remains stress-free, no matter what happens.