As global travel picks up full steam in 2025, having reliable travel insurance isn’t just a nice-to-have — it’s a necessity. Whether it’s a sudden medical emergency, a canceled flight, or lost luggage, the right coverage can save your trip (and your wallet). According to a report by Allied Market Research, the global travel insurance market is expected to hit $143.5 billion by 2033, growing at a strong CAGR of 20.1% from 2024 to 2033.
In this article, we’ll break down the top 6 best travel insurance companies for 2025 — covering their pros, cons, pricing, and coverage options — so you can find the perfect policy for your next adventure.
The top 6 Best Travel Insurance Companies
1. Allianz Global Assistance
Overview: A leader in the global travel insurance industry, Allianz offers a broad range of customizable plans suitable for frequent travelers, families, and business professionals.
Pros:
- Strong global presence with 24/7 emergency support
- Comprehensive medical and trip cancellation coverage
- Annual multi-trip plans available
Cons:
- Slightly higher premiums
- May require detailed documentation for claims
Best For: Business travelers and frequent flyers who need global coverage.
Website: https://www.allianztravelinsurance.com
2. World Nomads
Overview: Tailored for adventure seekers, World Nomads covers high-risk activities like scuba diving, hiking, and surfing.
Pros:
- Excellent for long-term travel and backpacking
- Covers over 200+ adventure sports
- Flexible extensions while abroad
Cons:
- Not ideal for short vacations
- Medical limits may be lower than competitors
Best For: Digital nomads and adventure travelers.
Website: https://www.worldnomads.com
3. AXA Travel Insurance
Overview: AXA offers global coverage with strong support for Schengen visa applicants, making it ideal for travelers to Europe.
Pros:
- High medical expense limits
- Strong customer service reputation
- Available in over 50 countries
Cons:
- Basic plan lacks trip delay coverage
- Add-ons can increase overall cost
Best For: Travelers visiting Europe or applying for Schengen visas.
Website: https://www.axa-assistance.us
4. Travelex Insurance Services
Overview: Known for its family-friendly plans and child coverage, Travelex is ideal for vacations and group travel.
Pros:
- Kids under 17 often covered for free
- Strong coverage for trip interruptions and delays
- Optional “Cancel for Any Reason” upgrade
Cons:
- Limited international medical evacuation benefits
- Some plans not available in all states
Best For: Families traveling with children.
Website: https://www.travelexinsurance.com
5. IMG Global
Overview: IMG is known for long-term international medical insurance and is favored by expats, students, and missionaries.
Pros:
- Excellent for long-term global travelers
- Customizable medical benefits and deductible options
- COVID-19 coverage included in most plans
Cons:
- Complicated plan selection
- Certain plans have limited trip cancellation features
Best For: Expats, international students, and remote workers.
Website: https://www.imglobal.com
6. Seven Corners
Overview: A flexible option with strong medical coverage and optional protection for COVID-19 and political evacuations.
Pros:
- Available to U.S. and non-U.S. residents
- Customizable coverage based on travel needs
- Strong medical emergency and evacuation support
Cons:
- Less intuitive website interface
- Some claim processing delays reported
Best For: Travelers seeking flexible, high-medical-benefit plans.
Website: https://www.sevencorners.com
Price Comparison Table (Basic Plans)
| Company | Starting Premium (per trip) | Medical Coverage | Trip Cancellation | COVID-19 Coverage |
|---|---|---|---|---|
| Allianz | $50 | Up to $500,000 | Included | Yes |
| World Nomads | $70 | Up to $100,000 | Included | Yes |
| AXA | $45 | Up to $100,000 | Included | Yes |
| Travelex | $60 | Up to $250,000 | Included | Yes |
| IMG Global | $55 | Up to $1,000,000 | Optional | Yes |
| Seven Corners | $52 | Up to $500,000 | Optional | Yes |
Expert Tips for Choosing Travel Insurance in 2025
- Match Coverage to Your Destination: Traveling to the U.S.? Make sure your plan includes high medical limits.
- Watch for COVID-19 Clauses: Some policies still exclude pandemic-related cancellations.
- Don’t Ignore Adventure Activities: Planning to ski or dive? Many basic plans won’t cover these without add-ons.
- Annual vs. Single-Trip Plans: If you travel more than three times a year, consider an annual plan to save money.
FAQ: Travel Insurance in 2025
1. Is COVID-19 still covered in 2025 travel insurance plans?
Yes, most top-rated travel insurance companies now include COVID-19 coverage by default, both for medical treatment and trip cancellation.
2. What type of plan is best for family travel?
Travelex and Allianz offer family-oriented plans that often include free coverage for children under a certain age.
3. Are adventure sports like scuba diving covered?
Only certain providers like World Nomads offer adventure sports coverage. Always read the fine print or choose an add-on.
4. Is it worth getting an annual plan instead of per trip?
If you take more than 2-3 international trips per year, an annual plan could save you money and hassle.
5. Do I need travel insurance for visa applications?
Yes, especially for Schengen visas. Companies like AXA and Allianz provide visa-compliant documents.
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