Forbes Advisor: Top-Rated Travel Insurance Companies (July 2022 Update)

AXA Assistance United States

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $250,000/$1 million

Better coverage for luggage and personal effects.

Plan with the highest score: Platinum

Cat 70

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $500,000/$500,000

Rated best for hurricane and inclement weather coverage.

Plan with the highest score: Travel

GoReady

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $50,000/$500,000

Rated best for the price.

Plan with the highest score: Pandemic Plus

HTH around the world

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $500,000/$1 million

Rated best for medical coverage.

Best performing plan: TripProtector

John Hancock Insurance Agency

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $250,000/$1 million

Rated best for AD&D coverage.

Plan with the highest score: Gold

At national scale

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $150,000 accident, illness/$1 million

Rated best for interrupt coverage.

Plan with the highest score: Prime

seven corners

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $500,000/$1 million

Rated best for superior coverage.

Plan with the highest score: RoundTrip Choice

tin leg

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $500,000/$500,000

Excellent for the price and level of benefits provided.

Plan with the highest score: Gold

Traveling safe

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $150,000/$1 million

Rated best for the price among the best plans.

Plan with the highest score: Classic

Trawick International

Forbes Advisor Rating: 5/5

Medical/evacuation limits per person: $150,000/$1 million

Rated best for the price among the best plans.

Plan with the highest score: Safe Travels First Class

According to ResearchandMarkets.com, the growth of the travel and tourism industry, coupled with the increase in business travel, the ease of online booking and discounted travel packages, is expected to boost global sales. travel insurance to $31.3 billion per year, a compound annual growth rate of 14.49%, by 2027.

In 2021, the overall market value was estimated at $13.9 billion.

The World Travel and Tourism Council (WTTC) reported in the first half of the year, inbound flight logs worldwide recorded triple-digit growth, in the Americas, Europe and Asia. For example, Europe saw a 350% increase in international arrivals during the first quarter of 2022 compared to the same period the previous year. Asia-Pacific countries saw an increase of more than 250%.

The acceleration in travel continued in the second quarter of 2022, according to WTTC, which reported a 264% increase in international bookings during the period.

Additionally, some countries make it mandatory to attach travel insurance documents to visa applications, which is also expected to boost the market.

The slideshow above includes details of the best travel insurance companies, according to an analysis of Forbes Advisor.

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Kristan F. Talley