These are the 4 best family travel insurance plans (2024)

Family vacations are a special time, and ensuring they go smoothly is essential to making memories that will last forever. Travel insurance is one way to ensure that any bumps in the road can be smoothed over, from a lost bag to an injury abroad.

CNBC Select reviews the best travel insurance plans for families based on coverage, cost and plan variety. (See our methodology for more information on how we choose the best family travel insurance companies.)

Best family travel insurance

Best for families with young children

Allianz Travel Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • Policy highlights

    10 travel insurance plans make it possible to customize your coverage. For families, Allianz's OneTrip Prime package covers children age 17 and younger when traveling with a parent or grandparent.

  • 24/7 assistance available

    Yes

Pros

  • Trip cancellation benefits can reimburse your prepaid, nonrefundable trip payments if you have to cancel your trip for one of the covered reasons stated in your plan documents.

Cons

  • Limited coverage for risky sports

Who's this for? Allianz is great for families with young children as its OneTrip Prime travel insurance policy offers free coverage for children ages 17 or under when traveling with a parent or grandparent. Though this benefit isn't available to Pennsylvania residents, it could help families with younger children lower the cost of their travel insurance coverage.

Standout benefits:Allianz's cancel for any reason (CFAR) coverage has an enhanced version available that can cover up to 80% of trip expenses if you have to cancel for a reason that's not covered.

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Best for affordability

Faye Travel Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • Policy highlights

    Faye offers travel insurance with a convenient online buying experience and an app with real-time travel alerts. It's one simple plan includes coverage for common issues, like trip cancellation, emergency medical expenses and trip delay coverage. It also offers coverage for pre-existing medical conditions when plans are purchased within 14 days of an initial trip deposit.

  • 24/7 assistance available

    Yes

Pros

  • Covers Covid like any other medical condition
  • CFAR is available for up to 75% of trip costs for an additional cost.
  • Additional coverage options like vacation rental damage coverage and pet care coverage.

Cons

  • Not all benefits are available in all states.

Who's this for?Faye travel insurance stands out for families on a budget. Its policies start at just $4.64 per day (for 14 days) for domestic trips and $5.16 per day (for 14 days) for international trips. It's also great for those who want a completely digital experience and would rather manage a policy through an app than an agent or by phone.

Standout benefits:Faye's intuitive interface makes it easy to get travel insurance coverage on your own time, and quotes are available entirely online. On top of the standard trip delay, cancellation and interruption coverage, you can purchase CFAR coverage, coverage for adventure and sports activities and a pet care add-on, which can cover illness or injury for your pet when traveling with you, or extra kenneling costs if your trip is delayed if you leave your pet at home.

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Best for CFAR coverage

Travel Insured International Travel Insurance

  • Cost

    The best way to estimate your costs is to request a quote

  • Policy highlights

    Travel Insured International has two simple travel insurance plans — the Worldwide Trip Protector and Worldwide Trip Protector Gold. Its plans are affordable and offer the option of cancel for any reason (CFAR) coverage.

  • 24/7 assistance available

    Yes

Pros

  • Optional CFAR coverage and interruption for any reason coverage

Cons

  • Medical coverage can be lower than other options

Who's this for?Travel Insured International could be a great fit for families looking for the flexibility of a CFAR addition to ensure they'll be covered for any reason they need to cancel. The company's wide variety of reasons for cancellation includes coverage for school year extensions with all plans.

Standout benefits:Travel Insured International's Worldwide Trip Protector can cover all children 17 and under for free when traveling with related adults.

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Best for cruises

Berkshire Hathaway Travel Protection

  • Cost

    The best way to estimate your costs is to request a quote

  • Policy highlights

    Berkshire Hathaway Travel Protection has multiple plans to cover vacations from luxury travel to adventure travel. The brand's LuxuryCare offers the highest limits of travel insurance coverage offered by the company. Quotes and policies are available online.

  • 24/7 assistance available

    Yes

Pros

  • Wide variety of policies available
  • Strong financial strength rating by AM Best

Cons

  • Cancel for any reason only provides reimbursem*nt for up to 50% of non-refundable trip payments

Who's this for?Berkshire Hathaway Travel Protection offers cruise-specific packages for families setting sail on a cruise.

Standout benefits:Cruise plans include coverage for missed connections and unique challenges you could face on a cruise vacation, like cruise disablement and diversion.

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More on our top family travel insurance companies

Allianz

Allianz offers 10 different travel insurance policies for travelers and trips of all types, including single-trip and multi-trip coverage. It also offers quotes and claims online, making the experience simple.

CFAR coverage available?

Yes, up to 80% of prepaid, non-refundable trip costs

24/7 assistance?

Yes

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Faye

While relatively new to the space, Faye's travel insurance plans combine affordability and easy access. Policies are backed by the United States Fire Insurance Company.

CFAR coverage available?

Yes, up to 75% of prepaid, non-refundable trip costs

24/7 assistance?

Yes

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Travel Insured International

Travel Insured International has been offering travel insurance for over 25 years. It has two tiers of coverage (available in most states) that can help you meet all your travel protection needs.

CFAR coverage available?

Yes, up to 75% of prepaid, non-refundable trip costs

24/7 assistance?

Yes

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Berkshire Hathaway Travel Protection

Berkshire Hathaway Travel Protection offers several tiers of travel protection and insurance, including packages specifically designed for road trips and cruises. Its strong A++ financial strength rating also helps it stand out against the competition.

CFAR coverage available?

Up to 50%, only available on LuxuryCare packages

24/7 assistance?

Yes

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FAQs

Generally, you can insure your whole family on one travel insurance plan, so you won't have to buy separate plans for every traveler. Your travel insurance plan will cover every person listed on the policy.

In many cases, travel insurance can help you recoup the cost of your vacation if you have to cancel due to a death in your family. However, you'll want to carefully read your policy's definition of a family member, as not everyone in your life could be included.

Bottom line

A family vacation can be a big investment, so it's important to protect yourself in case anything goes awry. Having a travel insurance plan that's easy to access, provides 24/7 support and fits your specific travel concerns and budget can help ensure your trip will go smoothly.

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Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every travel insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of travel insurance products. To research the best travel insurance companies, we compiled over 100 data points on more than a dozen travel insurance companies. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best travel insurance companies.

Our methodology

To determine the best travel insurance companies, CNBC Select analyzed dozens of travel insurance companies and compared them based on various factors.

While narrowing down the best travel insurance companies, we focused on the number of plans available, the availability of 24/7 assistance to access while traveling, coverage for Covid-19, the availability of cancel for any reason coverage, and financial strength (which measures a company's ability to pay on contracts) using A.M. Best ratings. We also considered family-friendly features, such as the inclusion of children on policies for free with parent's coverage, and reasons for cancellation, including school year extension as a reason for cancellation.

Note that the premiums and policy structures advertised for travel insurance companies are subject to fluctuate in accordance with the company's policies.

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Read more

Everything you need to know about travel insurance before you book your next trip

The best travel insurance companies to make sure your next trip is covered

Here are the best cheap travel insurance companies to protect your upcoming adventures

Here are the 5 best cruise insurance plans

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

These are the 4 best family travel insurance plans (2024)

FAQs

Who is considered a family member for travel insurance? ›

Grandparents and grandchildren; The following in-laws: mother, father, son, daughter, brother, sister, and grandparent; Aunts, uncles, nieces, and nephews; Legal guardians and wards; Paid, live-in caregivers; Service animals (as defined by the Americans with Disabilities Act)

Who is included in family travel insurance? ›

A family travel policy covers people from the same family who live at the same address, such as: Parents. Children. Step-parents.

What is the best travel insurance company? ›

The Best International Travel Insurance Providers in Detail
  • Faye. Our Top Pick. ...
  • Travelex. Our pick for families. ...
  • Nationwide Travel Insurance. Our pick for most coverage reimbursed. ...
  • Tin Leg. Our pick for customizable coverage. ...
  • Berkshire Hathaway Travel Protection. ...
  • Seven Corners Travel Insurance. ...
  • AIG Travel Guard.
6 days ago

What are the main types of travel insurance? ›

Types of travel insurance: There are several types of categories of travel insurance including:
  • Trip cancellation. ...
  • Travel medical and major medical. ...
  • Emergency medical evacuation. ...
  • Accidental death and dismemberment. ...
  • Baggage loss. ...
  • Cancel For Any Reason (CFAR) policies.

Who are immediate family members? ›

In general, a person's immediate family is their smallest family unit, including parents, siblings, spouse, and children. It may include relatives through marriage, such as a mother-in-law. But the exact inclusions may differ depending on the law or organization that defines an individual's immediate family.

What is immediate family for travel insurance? ›

Chase defines immediate family as "your Spouse or Domestic Partner and their children, including adopted children or step-children; legal guardians or wards; siblings or siblings-in-law; parents or parents-in-law; grandparents or grandchildren; aunts or uncles; nieces or nephews."

Does travel insurance cover both people? ›

Also known as joint travel insurance, it covers both you and your partner on one policy, so you won't have to take out two separate policies. There are several different types of cover couples can get, including: Single trip travel insurance – covers you for a one-off holiday.

What is not covered by travel insurance? ›

Reasonably foreseeable events. Known storms, epidemics, acts of war. Travel restrictions imposed by government authorities. Pre-existing conditions, unless the Premium plan is bought within the window for coverage.

Does travel insurance cover death of a family member? ›

Most policies will cover you for the death of a family member if it adversely affects your travel plans. This includes completely cancelling the trip, having it delayed, or having it interrupted part-way through. This will normally cover non-refundable trip payments such as flights or hotel bookings.

Is Allianz good travel insurance? ›

We at the MarketWatch Guides team awarded Allianz Travel Insurance 4.1 out of 5 stars based on our provider review methodology. Named our pick for concierge services, Allianz offers 24/7 travel assistance through a multilingual team, which can help policyholders with travel and coverage issues while abroad.

Where is the best place to get travel insurance? ›

The best travel insurance
  • Santander. Times Money Mentor award winning cover. ...
  • Saga. Best for over-50s. ...
  • Post Office. Best for those with pre-existing medical conditions. ...
  • Aviva. Best for those wanting substantial medical cover. ...
  • LV= Best for a range of unique add-ons. ...
  • Switched On. ...
  • Just Travel Cover* ...
  • InsureandGo*
Mar 26, 2024

Who is the best and cheapest travel insurance? ›

The 7 Best Cheap Travel Insurance Companies Worth The Cost
CompanyBBB RatingCheapest Plan
Travelex Compare PlansA+Travel basic
Seven Corners Travel Insurance Compare PlansA+Trip Protection Basic
Generali Global Assistance Compare PlansA+Standard Plan
AIG Travel Guard Compare PlansA+Essential
3 more rows
5 days ago

What is not covered by Allianz travel insurance? ›

Claims due to known, foreseeable, or expected events, epidemics, government prohibitions, warnings, or travel advisories or fear of travel are generally not covered (coverage can vary by state.)

Does AARP offer international travel insurance? ›

While there are no AARP travel insurance products or discounts available for seniors, members can use the AARP website for trips and tricks on how to plan for international travel and information regarding how to choose the right insurance plan for older travelers.

What are the two 2 basic types of travel insurance? ›

What type of travel insurance do I need? There are two main types of travel insurance: trip protection plans and travel medical plans.

What is the legal definition of a family member? ›

Family Member means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the Participant's household (other than ...

Who is not considered an immediate family? ›

What is a non-immediate family? Non-immediate family members include grandparents, grandchildren, great-grandparents, great-grandchildren, cousins, uncles, aunts, nieces, nephews, parents-in-law, siblings-in-law, step-children, adopted children, half-siblings, civil and cohabiting partners.

Does travel insurance cover relatives being sick? ›

Does travel insurance cover cancellation due to illness? Travel insurance with Trip Cancellation coverage will cover you if you, a traveling companion or family member come down with an illness before your trip and an in-person visit to a doctor certifies that you're too sick to travel.

What does travel with family mean? ›

Family travel takes us out of the routine and gives us the chance to focus on quality time with our family members. It can provide a chance to learn and grow together, whether by trying new foods, exploring different cultures, or simply enjoying an activity together.

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