Traveling as a family can be exciting, but it can also be stressful. The best way to minimize stress and ensure everyone in the family is protected is by having family travel insurance. With family travel insurance, you can have peace of mind knowing that you and your loved ones are covered if anything goes wrong during your trip.
Jetlag, changes in routine, and new foods can make kids (and parents!) more prone to getting sick while traveling. That's why having a family travel insurance plan is essential. Some plans automatically include coverage for children under 17 at no additional cost. However, it's important to carefully read the terms and conditions to ensure all family members are covered.
If your family plans on taking multiple trips throughout the year, consider getting annual family travel insurance. This type of insurance offers coverage for the entire year and can be a cost-effective option. On the other hand, if you're only planning a single trip, a single-trip family insurance plan will provide the coverage you need.
Now, let's explore the best travel insurance options for families and compare family travel insurance quotes.
Best Travel Insurance for a Family
After thorough research, these are the top family travel insurance companies:
- Travelex: The best affordable travel insurance for a family.
- World Trips: The best family travel insurance for high coverage.
- Allianz: A good family travel health insurance option.
- AIG Travel Guard: Offers free coverage for children.
Travelex, affordable family travel insurance plan
Travelex stands out as the most affordable option, offering comprehensive coverage for the entire family. If you prioritize high coverage, especially for medical expenses, World Trips is an excellent choice. Allianz is a great option for family travel health insurance, while AIG Travel Guard provides coverage for children at no additional cost.
What is Family Travel Insurance?
Family travel insurance is a type of travel insurance specifically designed to cover family members traveling together. It offers an affordable and convenient solution for parents and children to have coverage under a single policy. Family travel insurance typically includes medical coverage, trip cancellation/interruption/delay coverage, baggage loss coverage, and even COVID-19 coverage.
The most affordable family travel insurance option is usually family travel health insurance, which provides extensive medical coverage but may have limited trip coverage. It's essential to assess your priorities and determine the type of coverage your family needs before buying a policy.
How Much is Family Travel Insurance?
The cost of family travel insurance depends on various factors, such as the age of family members, travel destination, and your home country or state. The duration and cost of your trip will also impact the price of your family travel insurance plan.
Let's take the example of a 5-person family (two 40-year-old parents and children aged 10, 8, and 5) from Pennsylvania, traveling to Spain for a week, with a trip cost of $5,000.
Please note that the prices mentioned here are for illustrative purposes only.
1. Travelex: The Best Affordable Travel Insurance for a Family
Travelex offers the cheapest family travel insurance, providing coverage for children ages 1 to 17 at no additional premium when traveling with one paying adult. The Travel Select plan is a comprehensive option that includes a $0 deductible for medical expenses and coverage for newborns. It even covers sports equipment delays, making it ideal for ski or surf trips.
2. World Trips: The Best Family Travel Insurance for High Coverage
World Trips is the top choice for families seeking high coverage. Their Atlas Journey Preferred plan offers the highest amount of coverage in all categories, including COVID-19 coverage and newborn coverage. With a $0 deductible for medical expenses and the option to add Cancel for Any Reason insurance, World Trips provides peace of mind for families traveling the world.
3. Allianz: A Good Family Travel Health Insurance
Allianz is an excellent option for families looking for travel health insurance. Their OneTrip Prime plan offers high medical-related coverage, including COVID-19 coverage and a $0 deductible for medical expenses. Children aged 17 and under are covered for free when traveling with a parent or grandparent. This plan is well-suited for families primarily focused on medical coverage.
4. AIG Travel Guard: Travel Insurance Plans That Include Children for Free
AIG Travel Guard offers affordable family travel insurance with their Essential plan. It provides coverage in most categories and includes a $0 deductible for medical expenses, coverage for newborns, and free coverage for one child aged 17 and under. AIG's plan also offers additional perks like concierge services and luggage tracking. However, it has lower emergency medical expense and baggage loss coverage compared to other plans.
What Is the Best Family Travel Insurance?
After considering all the options, Travelex emerges as the best family travel insurance provider overall. Their coverage is comprehensive, and their plans are the most affordable for families.
If you prefer higher coverage and are willing to pay a premium price, World Trips is the ideal choice. Their plans offer the highest level of coverage across all categories, ensuring your family's safety during your travels.
What Kind of Travel Insurance Do Families Need?
When choosing a family travel insurance plan, there are several important factors to consider:
Medical Travel Insurance for Unexpected Illness or Injury
The best family travel insurance includes coverage for medical expenses resulting from emergencies like injuries or illnesses. Make sure all family members are covered under this benefit to avoid hefty medical bills.
Trip Cancellation Insurance for Family Trips
Trip cancellation insurance reimburses you for certain travel expenses if you need to cancel your plans due to unexpected illness, political unrest, or natural disasters. Some policies even offer Cancel For Any Reason (CFAR) insurance as an add-on, providing more flexibility.
Trip Interruption Insurance for Going Home Early
Trip interruption insurance covers you and your children if you need to end your trip prematurely due to unforeseen circumstances like illness or family emergencies back home. It can also cover work-related issues that interrupt your trip.
Baggage Coverage for a Family Vacation
Lost, delayed, or damaged baggage can be a major inconvenience. Ensure your family travel insurance policy includes coverage for this, allowing you to replace essential items and cover unexpected expenses.
Return of Minor Children
International travel insurance for families should include coverage for returning minor children to their home country if a parent falls ill and needs hospitalization. Check with your insurance provider for specific details and requirements.
With family travel insurance in place, planning your trips becomes easier and more enjoyable. Remember to explore domestic travel insurance options if you're embarking on a road trip within the USA.
Happy travels with your loved ones!
