These are the 4 best family travel insurance plans

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.)

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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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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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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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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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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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 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 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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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.

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 [LINK] for more information on how we choose the best travel insurance companies. 

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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