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Top 5 Best Travel Insurance Companies For May 2024

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If the past few years have proven anything, it’s that even the most well-thought-out plans can fall apart. Now more than ever, travelers are wondering what the best travel insurance for their next trip is.

As a result, travel insurance usage is more prevalent than ever.

Whether for unexpected medical expenses, trip cancellation guarantees, or policies that cover more adventurous travelers, Travel Off Path has found 5 of the best travel insurance options for every type of traveler.

Best Travel Insurance Policy Detailed Information
CompanyBest Travel Insurance For Already Decided?
SafetyWingVery Affordable Insurance With Great CoverageGo Here
HeyMondoHigh Coverage Option For Those Who Want Peace Of MindGo Here
InsureMyTripGreat Option For Seniors & Comparison JunkiesGo Here
World Nomads Perfect For Thrill SeekersGo Here
HTH WorldwideBest For Seniors 70+Go Here
SafetyWingPic
Courtesy Of: SafetyWing

SafetyWing

Best Travel Insurance For: SafetyWing is a very low-cost insurance that is great for budget travelers and digital nomads that is easy to extend on the go. SafetyWing separates itself from competitors by offering low-cost monthly travel insurance plans, perfect for a nomadic lifestyle.

Travelers 39 and under can secure coverage for just $56.28 per month. As ages increase, so do rates. Those in their 40s will pay $92.40 per month, those in their 50s will pay $145.04 per month, and those in their 60s will be subject to the highest pricing of $196.84 per month. Interested in just a week? Your price will be drastically lower than the competition.

Pros

  • Very-Low-Cost Option
  • Available for nearly everyone in almost any country.
  • Travelers under 39 get lower pricing.
  • Subscription model makes it easy to stay covered while traveling long-term.

Cons

  • Age limit of 69
  • Has a deductible for medical incidents ($250)
  • No coverage for extreme sports

Coverage

  • Trip Interruption: Up to $5,000
  • Travel Delay: Up to $100
  • Lost Luggage: Up to $3,000
  • Medical Incidents: Up to $250,000

Cost for 1 Week of Coverage in May*

  • Ages 10 – 39: $16.08
  • Ages 40 – 49: $26.40
  • Ages 50 – 59: $41.44
  • Ages 60 – 69: $56.24

*Pricing is based on a 1-week trip from the USA to Europe in May.

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HeyMondoPic
Courtesy Of: HeyMondo

HeyMondo

Best Travel Insurance For: HeyMondo has no deductible and offers incredible coverage amounts. This is the perfect plan for travelers who want complete peace of mind.

HeyMondo offers one-off trip insurance plans, but no longer offers annual plans to U.S. travelers.

Pros

  • 3 tiers of plans to choose from, offering greater flexibility
  • NO deductible
  • Optional coverage for extreme sports

Cons

  • Age limit of 69 for trips under 30 days, and age limit of 49 for trips over 30 days
  • Can be pricier depending on policy needs

Coverage

  • Trip Interruption: Up to $10,000
  • Travel Delay: Up to $3,000
  • Lost Luggage: Up to $3,000
  • Medical Incidents: Up to $500,000

Cost for 1 Week of Coverage in May*

  • Heymondo Top: $52.81
  • Heymondo Premium: $65.17
  • Heymondo Medical: $20

*Pricing is based on a 1-week trip from the USA to Europe in May.

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InsureMyTripPic
Courtesy Of: InsureMyTrip

InsureMyTrip

Best Travel Insurance For: InsureMyTrip is great for seniors. Great for coverage for those 69 and older, InsureMyTrip offers many different coverage plans that will keep you protected during your journey should any travel incidents or medical incidents occur.

Pros

  • Great coverage that includes trip cancellation benefits.
  • Coverage options for those over 69
  • Vast coverage options allows for ultimate choice.

Cons

  • Can be more pricy when compared to other plans

Coverage

  • Coverage varies based on the plan selected.

Cost for 1 Week of Coverage in May*

  • Cheapest Plan: $58
  • Most Expensive Plan: $460

*Pricing based on 35-year-old American traveling for 1 week in May from USA to Europe with a total trip cost of $5,000

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WorldNomadsPic
Courtesy Of: World Nomads

World Nomads

Best Travel Insurance For: World Nomads is a great option for the more adventurous traveler. Plans automatically cover more extreme activities such as scuba diving or ATV outings.

Pros

  • Coverage for extreme sports automatically included
  • Explorer plan offers car rental coverage up to $35,000
  • 24-hour assistance for added peace-of-mind

Cons

  • Age limit of 69. However, a partnership with TripAssure allows those over 69 to find coverage

Coverage

  • Trip Interruption: Up to $10,000
  • Travel Delay: Up to $3,000
  • Lost Luggage: Up to $3,000
  • Medical Incidents: Up to $100,000

Cost for 1 Week of Coverage in May*

  • Standard Plan: $93.09
  • Explorer Plan: $157.23

*Pricing is based on a 35-year-old American traveling for 1 week in May from the USA to Europe.

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HTH Travel Insurance
Image Courtesy Of: HTH Worldwide

HTH Worldwide

Best Travel Insurance For: HTH Worldwide is best for travelers over the age of 69.

Pros

  • Coverage those over 69
  • 3 tiers of coverage offer cost flexibility
  • 24-hour assistance for added peace-of-mind

Cons

  • Can be expensive depending on age
  • Cancel for any reason option only reimburses 75% of cost

Coverage

  • Trip Interruption: Up to 200% of trip cost
  • Travel Delay: Up to $2,000
  • Lost Luggage: Up to $2,000
  • Medical Incidents: Up to $500,000

Cost for 1 Week of Coverage in May*

  • TripProtector Economy: $184.21
  • TripProtector Classic: $223.19
  • TripProtector Preferred: $300.22

*Pricing is based on a 35-year-old American traveling for 1 week in May from the USA to Europe with a trip cost of $5,000.

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This article originally appeared on TravelOffPath.com

Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.


Deana

Friday 5th of January 2024

It’s hard to put it just a few words how terribly important it is to get travail insurance when traveling to Mexico or out of the Country! My sister recently traveled to Cancun and while getting Gelato she slipped on some that had spilled by someone else. She was completely sober. Her left knee hit the ground so hard it split right in two. The pain was so intense she passed out. It took the ambulance two hours to arrive .. it was pure misery for her! She was finally taken to the hospital where neither the Dr nor the nurse spoke English. They had to use their phone to translate. It made the situation quite stressful The hospital was , however clean. The staff were very curteous and helpful as tried to be helpful. She couldn’t be flown per her Drs at home because by now the bleeding was out of control. Everything had taken so long.. she had to have surgery in Mexico to stabilize her knee and then had it done again in america the proper way and to clean out the staph infection. She still doesnt have full movement in the knee. And is inderglung rehab to get movement. *The main issue was prior to leaving Mexico hospital and also prior to taking the ambulance she had to pay CASH! They are out $90,000. Just from Mexico.not even counting the many billls from additional surgery’s here in Texas and continuing rehab. 🙏🏼🙏🏼🙏🏼insurance is a must!!! When leaving the US, be prepared!

Omid Nasih

Tuesday 15th of August 2023

I want to go Brazil. How I can to go Brazil.

Nosizwe

Saturday 8th of July 2023

Revolut offers travel insurance as part of the premium upgrade package, which I think is €7/month. Has anyone actually used this?

Seidu issah

Monday 10th of April 2023

Am 42 ready to move

Liz Linsell

Monday 27th of March 2023

Why don't you offer 70+ travel insurance?