Best Value Travel Insurance Plans in 2025
Key Takeaways
- We analyzed 100+ policies and found the best value travel insurance plans are offered by: Tin Leg & Berkshire Hathaway
- Great value travel insurance plans include a combination of high coverage limits, low premiums, & a wide-range of benefits
- To find the best value when looking for travel insurance, it’s important to compare plans from multiple providers and only insure trip expenses that are non-refundable
- Higher premiums do not always equate to better protection, we recommend purchasing the lowest priced policy that meets your coverage needs
- Try our online travel insurance comparison tool to get adventure travel insurance quotes from multiple providers at once. For personal assistance, call our award-winning agents at 1-800-240-0369
Our Top ‘Value for the Money’ Plans
John Hancock
Gold
- Best Value Travel Insurance with Comprehensive Coverage: Berkshire Hathaway – ExactCare Value
- Best Value Travel Insurance for Medical Coverage: Tin Leg – Standard
How We Chose the Best Value Travel Insurance Plans
To ensure transparency and independence in selecting our travel insurance award winners, we base our decisions solely on Squaremouth marketplace sales data from the previous month, without any influence from insurance companies, business relationships, affiliates, or other external parties. Each award is given to the top-selling plans that meet the specific criteria outlined below.
- Best Value Travel Insurance with Comprehensive Coverage: Over 250 sales, trip cost insured greater than $0, 100% trip cancellation coverage, emergency medical coverage of at least $10,000, and medical evacuation coverage of at least $50,000, sorted by average premium from lowest to highest.
- Best Value Travel Insurance for Medical Coverage: Over 250 sales, trip cost insured equal to $0, emergency medical coverage of at least $10,000, and medical evacuation coverage of at least $50,000, sorted by average premium from lowest to highest.
Best Value Travel Insurance with Comprehensive Coverage
Berkshire Hathaway Travel Protection
Best Plan: ExactCare Value
Covers 100% of prepaid, non-refundable trip costs for just an average premium of $154 per trip
Offers substantial medical protection without overspending, including $15,000 in Emergency Medical coverage and $100,000 in Medical Evacuation coverage at an affordable price
Ideal for travelers who value added flexibility, offering optional Cancel For Any Reason (CFAR) protection
We chose Berkshire Hathaway’s ExactCare Value as the top travel insurance for value-conscious travelers seeking comprehensive coverage without overspending. With an average cost of just $154 per person, it’s one of the most affordable options on Squaremouth, and it has comprehensive coverage for the most common traveler concerns.
Despite its lower price, ExactCare Value provides essential benefits, including 100% Trip Cancellation coverage, 150% Trip Interruption coverage, and optional CFAR, which gives you the flexibility to cancel your trip for any reason not covered by the standard policy. It also offers $15,000 in Emergency Medical coverage for unforeseen illnesses or injuries and $100,000 in Medical Evacuation coverage, exceeding our recommended amounts.
Best Value Travel Insurance for Medical Coverage
Tin Leg
Best Plan: Standard
One of the most cost-effective medical travel insurance plans, averaging just $35 per trip, compared to an average of $56 for other medical plans
Provides $30,000 in Emergency Medical coverage and $200,000 in Medical Evacuation coverage, significantly higher than the average claim amounts of $1,654 and $17,086 for each benefit, respectively
Emphasizes medical benefits instead of trip cancellations, making it most suitable for travelers who prioritize health coverage, including those with pre-existing conditions, with a standard 14-day window from the initial trip deposit
We chose Tin Leg—Standard as our best medical travel insurance coverage value. It provides complete medical coverage at just $35 per trip, with emergency medical and evacuation benefits. This plan includes generous $30,000 Emergency Medical and $200,000 Evacuation coverage, with a pre-existing coverage waiver (if bought within 14 days of the initial trip deposit) so you can feel secure that you have enough protection in case of illness or injury while traveling while remaining budget-conscious.
How Much Does Travel Insurance Cost?
Travel insurance isn’t a one-size-fits-all solution. The cost of travel insurance varies based on age, trip cost, trip length, and destination. Comprehensive travel insurance typically costs 4-10% of your trip expenses. For example, for a $5,000 trip, you can expect to pay between $200 and $500 for coverage.
In 2025, the average cost of a comprehensive travel insurance policy is approximately $350 per trip, although prices can fluctuate based on your coverage choices. However, travel medical insurance is often a more budget-friendly option, averaging around $56 per traveler. This is the most cost-efficient way to get coverage for travelers seeking medical coverage abroad or to supplement their primary health insurance.
How to Find Affordable Travel Insurance Policies
Finding affordable travel insurance policies involves a combination of research, comparison, and understanding your specific needs. Here are some steps to help you find the best deal:
- Determine Your Needs: Identify the key benefits that are most important to you and the minimum amount of coverage you need for peace of mind.
- Check for Existing Coverage: Travel credit cards sometimes offer limited travel protection that could fulfill some or all of your insurance needs.
- Compare Policies: See how policies compete side-by-side when it comes to price, coverage, customer satisfaction, and value for money.
- Only Insure Non-Refundable Expenses: When prompted to enter your trip costs, be sure to omit any refundable expenses that won’t be reimbursed by your insurer.
For more money-saving tips, be sure to check out our full list of ways to enjoy lower premiums when shopping for travel insurance.
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