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Top 10 Highest Ranked Travel Insurance Companies in 2020
How We Chose The Top 10 Travel Insurance Plans
We identified the top 17 travel insurance brands and narrowed it down to 10 of our favorites based on a number of criteria. We looked at affordability, service, ease of use and other factors to rank the best travel insurance on the market. Take a look at the systems we have deemed the best of the best.
The price of Allianz Travel Insurance varies drastically depending on your destination, duration of travel, age and how much coverage you desire. On average, the OneTrip Basic Plan runs between $150-$250, while their top-of-the-line OneTrip Premier costs between $240-$300 for those in the senior age-rage.
Allianz offers customers a ‘cancel for any reason’ coverage in addition to hazardous activity and auto rental upgrades. Affordable annual travel plans are excellent for seniors seeking to travel extensively domestically and internationally. Overall, you’ll get solid coverage at reasonable rates with Allianz Travel Insurance.
Package pricing varies dramatically depending on where you plan to travel, and high risk areas may cost more or have certain limitations. On average, one can get a decent amount of protection for about $100 per $50,000 in medical insurance coverage from AAA. Those who only want basic options for weekend or short getaways will find pricing reasonable.
Seniors looking for coverage from an affordable, senior focused company appreciate AAA’s travel insurance options. You will find coverage for trip cancellation, damaged or lost baggage, auto rental discounts and much more with AAA Travel Insurance.
American Express offers four travel insurance packages: Basic, Silver, Gold and Platinum. Naturally, they ascend in price and coverage levels with each option. The Basic plan offers only $1000 of trip protection and $5000 of medical coverage, which can usually be added on for around $100. However, the upgraded plans vary in price depending on the traveler’s age and destination.
American Express Travel Insurance has a stellar reputation, and one would be hard-pressed to find many negative reviews. However, their policy’s low medical coverage limitations are something to consider before signing up. Ideally, this coverage is best for those looking for trip protection to complement their existing medical coverage.
AIG Travel Guard provides an online quoting system, and on overage it appears that quotes are approximately 6% of the cost of your trip. Interestingly, this company does not only vary pricing by the customers age and destination but also on their state of residence. However, their pricing appears to be on par with competitors.
Seniors will like AIG’s straightforward policies, reasonable prices and their 24/7 professional customer assistance. AIG Travel Guard also offers translation services and phone concierge services that allows you to easily send flowers or arrange for booking excursions or tickets to shows. Senior looking for a good travel insurance policy with perks should consider AIG.
As with other companies, pricing will vary depending on age, destination, date of travel and whether or not one chooses the Explorer Plan that covers medical incidents during high-risk activities. However, they do offer some of the best rates for international travelers hands down with comprehensive travel insurance plans. Quotes are available online.
World Nomad is ideal for seniors aged 70 and under who are looking to travel overseas or plan to undertake an adventure-filled journey. Seniors will like that World Nomad offers long-term plans up to 18 months, so expats might find this to be very useful. They offer convenient claim forms, and actually have a 30-day level of terrorist attack protection—a rare feature in travel insurance today.
GeoBlue tends to offer spectacular rates to seniors traveling long term, and they appear to have the best prices for international travel on the list. The company offers online quotes that will vary depending on the date and length of travel, destination and the level of coverage desired.
GeoBlue Travel Insurance has been serving clients with quality international travel insurance since 1997, and they work in cooperation with the reputable Blue Cross Blue Shield company. Seniors who are heading abroad and want a supplemental policy for emergencies and traditional health care will want to give GeoBlue serious consideration.
Pricing for travel insurance with Generali Global Assistance will vary by the age of travelers and their destination. Overall, this company’s prices run much lower than competitors, and they offer generous benefits such as $3000 in lost luggage reimbursement. This can be a vital benefit to those traveling with expensive gear or equipment.
Seniors who love adventure, long-term travels or who plan to live overseas for a while will want to give Generali Global Assistance a hard look. Between the additional features, high payouts and the low price of their plans, this one is hard to beat for international travelers with a sense of adventure.
While Worldwide Insure doesn’t consider the state you live in, they do consider age, destination, time of travel and of course, the policy you choose. They have more than a half a dozen options, and you can call customer service or receive a quote online to find a package that meets your needs and age requirements.
Seniors looking for a number of versatile packages designed for both short and long-term travel domestically or internationally might find Worldwide Travel to be a good fit. However, it is recommended to create your policy with a travel professional or through customer service due to the number of restrictions.
Pricing will depend on age, destination, date of travel and how much coverage you desire. Of course, the more coverage you purchase the more you will pay overall. However, occasional and long-term travelers can enjoy really great rates with AXA Travel Insurance.
Overall, seniors will find AXA Travel Insurance useful for comprehensive coverage while on vacation. However, it is very important to review each plan very carefully, as they tend to vary dramatically in coverage and amenities. We recommend the Gold Plan for maximum coverage at a good rate.
Nationwide’s website doesn’t offer pricing models without requesting a quote, as they need details of your travel plans and your age before offering a solid price. However, they can lean a bit towards the high side and might offer discounts to current policy holders for other goods such as property or auto insurance.
Seniors looking to get travel insurance from a trusted company they know might feel good about a Nationwide Travel Insurance Policy. Between their comprehensive coverage options, concierge phone services and free educational programs, Nationwide is company you can feel confident in trusting for your next adventure.
Travel insurance is designed to protect travelers from financial losses that are often incurred due to unexpected events either before or during a trip. Policies are typically designed to cover two major types of events like medical coverage and trip insurance. However, other policies can reach into other categories such as lost luggage and other benefits such as:
Again, a senior’s primary focus when considering travel insurance are medical and trip protection coverage.
Medical insurance policies from your normal coverage carrier often will not cover incidences during international travel, making coverage a must for seniors going overseas. After all, some of the pricing of health care in other countries surpasses even ours, and one doesn’t want to wipe out their savings due a medical emergency on a vacation. While most policies won’t cover pre-existing conditions, they typically do cover emergency medical treatment, emergency medical evacuation, repatriation home in case of death and accidental death and dismemberment coverage.
This is a very affordable way to protect your investment in a planned vacation, as trip insurance often includes trip interruption and trip cancellations in case you must put your trip off. This will help prevent losses from non-refundable deposits even if you have to return home early from your travels. Trip insurance is a must for even domestic or short-term trips.
Again, baggage loss or damage can be expensive, so it’s wise to find a policy that covers that or offers additional coverage add-ons. Those seeking adventures, rental car discounts, dental coverage, prescription replacement and other perks will want to search each company carefully to find an ideal travel insurance plan.
It cannot be reiterated enough that travel insurance is typically well worth the cost as long as you choose a top-rated company with reliable service and claims processing. The total cost of these travel insurance policies will vary drastically depending on the aforementioned factors such as age, destination, time of travel, level of coverage, etc. It is wise to get quotes from several companies and comparing their options prior to making a final decision.
Travel insurance is not only a good investment for seniors, it is a must—especially for those planning to travel overseas or long-term whereas current policies will offer no or minimal coverage. Anything can happen before departure, such as an illness or a sick relative. Flights can be delayed or canceled, throwing off your entire plans including connecting flights, hotels and pre-planned transportation. This can get costly fast. Travel insurance helps protect against these barricades in addition to providing a certain level of medical care. Don’t risk spending thousands of dollars on a vacation that you ultimately cannot take or get caught overseas with an illness without this valuable care.