Best Panama Travel Insurance Plans & Coverage (2026)
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Key Takeaways
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Based on internal Squaremouth policy sales data, the best travel insurance plans for Panama are offered by Tin Leg, IMG, and Travel Insured International.
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Quality medical care with English-speaking staff is generally easy to find in Panama, but U.S. health insurance isn’t accepted, so travel insurance with strong emergency medical coverage is recommended.
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Travel insurance for trips to Panama typically costs around $300. According to Squaremouth data, travelers spend $22 per day on coverage.
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Tourists are urged to avoid all travel to the Mosquito Gulf and the Darién Province due to high levels of violent crime, drug trafficking, and human smuggling.
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Panama Canal cruises are considered a bucket list experience by many travelers. We recommend at least $250,000 in Medical Evacuation coverage for cruises due to the costly nature of getting airlifted from a cruise ship.
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Try our online travel insurance comparison tool to get Panama quotes from multiple providers at once . For personal assistance, call our award-winning agents at 1-800-240-0369.
Squaremouth’s Panama Travel Insurance Recommendations
Over the last 12 months, the top three travel insurance plans purchased by travelers with upcoming trips to Panama on Squaremouth were:
For those travelers who are concerned with needing medical coverage while traveling to Panama, Squaremouth recommends a policy that includes at least $50,000 in Emergency Medical coverage and $100,000 in Medical Evacuation coverage.
Emergency Medical coverage can provide reimbursement if a person becomes ill or injured during their trip. Medical Evacuation coverage can reimburse a traveler for expenses related to getting to the nearest adequate medical facility. In some cases, this coverage can also reimburse a traveler for expenses to get home under the guidance and recommendation of a physician.
For those who are traveling to remote areas of Panama or taking a cruise through the Panama Canal, medical treatment and evacuation can be more complicated and expensive. In these situations, Squaremouth recommends at least $100,000 in Emergency Medical coverage and $250,000 in Medical Evacuation coverage.
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More Details on the Best Travel Insurance for Panama
Most Popular Panama Travel Insurance Plan
Medical / Med Evac Coverage
$500,000 / $500,000Cancellation / Interruption Limits
100% / 150% of trip cost
The most popular travel insurance policy among Squaremouth customers visiting Panama, making up more than 21% of all sales for the destination
Great for adventure-heavy itineraries, offering coverage for a variety of popular Panama water sports like kayaking, snorkeling, surfing, and deep-sea fishing
Provides $500,000 in Emergency Medical coverage that can cover the cost of hospital bills and doctor visits if you get ill or injured while in Panama
Panama Travel Insurance Trends and Data
Panama is a popular tourist destination and a stop for cruise lines. Many people visit the iconic Panama Canal and experience the rainforest and metropolitan areas the country has to offer.
Destination Rank: 49
Percentage of Squaremouth Sales: 0.52%
Average Premium: $331.47
Average Trip Cost: $4,081.98
Squaremouth Analytics compares thousands of travel insurance policies purchased over the last two years to identify changes and trends in the travel insurance industry.