Best Panama Travel Insurance Plans & Coverage (2026)
Written By 
Reviewed By Last updated: 03/12/2026
Key Takeaways
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In the last 12 months on Squaremouth, the top three travel insurance plans purchased by travelers with upcoming trips to Panama are offered by: Tin Leg, IMG, and Travel Insured International.
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U.S. travel insurance is not accepted throughout Panama, which is why many travelers prioritize plans that include strong travel medical coverage.
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Try our online travel insurance comparison tool to get 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.
Click here to begin your search for Panama Travel Insurance.
More Details on the Best Travel Insurance for Panama
Best Overall Medical Coverage
Medical / Med Evac Coverage
$500,000 / $500,000Cancellation / Interruption Limits
100% / 150% of trip cost
The top-selling travel insurance plan on Squaremouth, accounting for roughly 13% of all policy sales
Comes standard with $500,000 in Emergency Medical and Medical Evacuation coverage, which is among the highest offered by any comprehensive travel insurance plan
Includes 100% Trip Cancellation protection, which reimburses up to $30,000 in trip expenses per traveler in the event of a covered cancellation
Best Overall Cruise Insurance
Medical / Med Evac Coverage
$100,000 / $500,000Cancellation / Interruption Limits
100% / 150% of trip cost
Selected by over 22% of Squaremouth cruisers, making it the most popular option
Offers up to $100,000 in Emergency Medical coverage and $500,000 in Medical Evacuation coverage, surpassing our coverage recommendations for cruise vacations
Plans have the option to add CFAR and IFAR coverage, which can add the most possible flexibility and additional peace of mind heading into a cruise
*Features strong comprehensive coverage with the most important benefits for cruisers
Best Overall Family Travel Insurance
Medical / Med Evac Coverage
$100,000 / $500,000Cancellation / Interruption Limits
100% / 150% of trip cost
Features the most generous ‘Free Coverage for Kids’ pricing, allowing up to 9 children to be covered at no additional cost for an insured adult
The most popular family plan, chosen by roughly 14% of families insuring trips through Squaremouth
The customization options, well-rounded coverage, and up to $500,000 in medical coverage also make FlexiPAX our pick for ‘Best International Travel Insurance For Families’
The only family plan on Squaremouth that offers the optional Cancel For Any Reason (CFAR) and Interruption for Any Reason (IFAR) upgrades, providing the most possible flexibility for families
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: 48
Percentage of Squaremouth Sales: 0.52%
Average Premium: $308.77
Average Trip Cost: $4,008.31
Squaremouth Analytics compares thousands of travel insurance policies purchased over the last two years to identify changes and trends in the travel insurance industry.