Here are the best policies to cover your group trip, plus everything else you need to know about group travel insurance3 March 2022
Looking for the best group travel insurance policy for an upcoming trip with friends and family? Look no further! Today, we’re going to share our recommendations so you can get the best group travel insurance coverage for you.
If you’re planning a trip for a larger group of people, you should consider group travel insurance. This will protect you from losing money for canceled trips, medical emergencies abroad, delays, and countless other mishaps. Here is a summary of our findings for the best group travel insurance policy in 2022:
Before we get into our explanation for these recommendations for group coverage, here is some basic information on group policies. Read the full guide for more information on how much these plans cost, what they cover, and more information on group travel insurance in general.
There are a few options for insurance, depending on the size of your group and the type of coverage you need.
The first option is comprehensive travel insurance. This would cover your trip cost if you needed to cancel, medical emergencies, baggage, delays, and more. These plan cost more because they have more coverage.
The second option is travel medical insurance. This type of plan focuses on medical emergencies and evacuation (if necessary). These plans cost less because they don’t cover your trip costs.
For both options, the following criteria are important and are considered when picking these best plans:
*applies to comprehensive plans
The following are my recommended insurance plans for group trips based on the criteria listed above, individual features in each policy, and the cost. All plans are offered by A.M.Best Rated reputable companies that specialize in travel insurance.
This plan is perfect for a large family, or a multi-generational trip that includes grandparents, adults, and the grandchildren. It is a standard plan (covers cancellation, interruption, medical, evacuation, baggage, delays, etc) that you would purchase for any other trip. However, it happens to have great pricing for a larger traveling group. Quoting/purchase process is just like any other travel insurance plan. Note: All travelers must reside in the same state.
Example quote $816 (includes all travelers): For the above plan, the example trip includes 10 travelers (70, 70, 45, 45, 40, 40, 14, 14, 12, 12) on a two week trip, with a total trip cost of $20,000).
For groups of more than 10 travelers that still want full comprehensive coverage for their trip, the following plan is the best choice. This is a plan that has special group rating for larger groups, and simplified enrollment. This is a good plan for larger families and organized tours, or any other trip where you want comprehensive coverage (covers cancellation, interruption, medical, evacuation, baggage, delays, etc). More details below on quoting & purchasing.
Example quote $2,014 (includes all travelers): For the above plan, the example trip includes 16 travelers (70, 70, 70, 70, 45, 45, 42, 42, 40, 40, 14, 14, 14, 14, 12, 12) on a two week trip, with a total trip cost of $32,000).
For a group trip larger than 10 travelers where you only want coverage for medical emergencies, this is the best plan. With comprehensive travel insurance, you have coverage for canceled or interrupted trips, medical emergencies, baggage, etc. This plan focuses on emergency medical coverage and medical evacuation coverage. This is a simpler, lower-cost option for when cancellation is not a concern.
Example quote $1,627 (includes all travelers): For the above plan, the example trip includes 16 travelers (70, 70, 70, 70, 45, 45, 42, 42, 40, 40, 14, 14, 14, 14, 12, 12) on a two week trip with medical coverage up to $100,000).
In general, comprehensive travel insurance costs between 4-10% of your insured trip cost. A travel medical only plan can vary, but a general rule would be under $10/day for each traveler.
Comprehensive plans cost more because they are insuring your trip cost in addition to medical emergencies. For example: A comprehensive plan for a large family cruise would cover their $25,000 trip cost, plus medical, evacuations, baggage, and delays. That is a lot of financial risk for the insurance company, so they need to charge more. The same trip with medical only would have less financial risk, so far less premium.
Here are sample costs from above on a per-person basis:
This is a trip with two grandparents, their two adult children and two spouses, and six grandchildren. They are taking a two-week trip costing $20,000.
The policy above (Worldwide Trip Protector) would cost $816 for all travelers, which is around 4% of the trip cost. The plan covers trip cancellation, medical emergencies, evacuation, baggage, delays, and more. The cost breaks down to $81/person for two weeks of coverage.
This is a similar trip but with more people, totaling 16. They are taking a two-week trip costing $32,000.
The policy above (RoundTrip Group) would cost $2,014 for all travelers, which is around 6% of the trip cost. The plan covers trip cancellation, medical emergencies, evacuation, baggage, delays, and more. The cost breaks down to $125/person for two weeks of coverage.
This is a similar trip but with more people, totaling 16. They are taking a two-week trip.
The policy above (Liaison Travel Plus Group) would cost $1,627 for all travelers. The plan covers medical emergencies, evacuation, baggage, delays, and more. The cost breaks down to $7/day for each traveler.
The risks on a group trip are similar to any other trip, but with more people you have a higher chance of something happening. Here are the main covered reasons for trip cancellation to think about with descriptions of each one:
Well, there you have it – the best group travel insurance coverage currently available. In summary, here are our findings:
The best way to determine your ideal travel insurance for a group? Get a quote through us. We’ll seek out the most ideal coverage for your unique trip – no matter where you’re headed, who you’re going with, and what you want covered. Get started today so you can relax and enjoy peace of mind on your travels put a price tag on that!
Damian Tysdal is the founder of CoverTrip, and is a licensed agent for travel insurance (MA 1883287). He believes travel insurance should be easier to understand, and started the first travel insurance blog in 2006.