Cheapest Travel Insurance for Families

For a 10-day Europe trip costing $8,000 (two adults ages 35 and 37, two children ages 8 and 10), Travel Insured International and Travelex tied for cheapest at $166. Family premiums across 12 providers ranged from $166 to $325 and averaged about $230.

Note: BHTP's ExactCare® shown above is the insurer's cheapest international plan. BHTP's ExactCare Value® costs $221 for this scenario but offers lower premiums for domestic and senior travel.

Domestic family travel insurance costs about 40% less than international coverage. For a five-day, $3,000 U.S. trip, BHTP's ExactCare Value® was cheapest at $81. Domestic premiums ranged from $81 to $344, and averaged about $143.

Premiums rise when a family trip includes a senior traveler. For a 10-day, $10,000 international trip with one adult aged 65, Travel Insured International was cheapest at $250. Senior-inclusive premiums ranged from $250 to $630, and averaged about $350.

*Seven Corners didn't offer a senior-eligible version of Trip Protection Basic; Trip Protection Choice was the lowest-priced available option.

The table below shows how each provider's cheapest plan prices across domestic, international, and senior-inclusive scenarios.

*Seven Corners' senior-eligible alternative priced at $630.

Travel Insured International consistently offers the cheapest coverage across all three scenarios. BHTP's ExactCare Value® provides the lowest domestic and competitive senior pricing, though its international premium runs $55 higher than the cheapest option. 

The cheapest plans cover essential trip cancellation and emergency medical needs, though families with high trip costs, pre-existing conditions, or traveling to high-medical-cost regions may need more comprehensive travel insurance coverage.

These factors determine how much you'll pay for family travel insurance:

Focus on five key points when comparing family travel insurance plans to find coverage that matches your trip needs and budget.

• Compare Quotes From Multiple Companies: Family premiums vary by up to 300% across providers for identical coverage. Compare multiple insurers to find the best rate. The most expensive plan in our analysis cost $325, while the cheapest cost $166.
• Choose Basic-Tier Plans: Essential plans cost 40-50% less than premium options while covering trip cancellation and emergency medical expenses. Basic plans work well for straightforward trips without complex coverage needs.
• Compare Plan Tiers Within the Same Insurer: Lower-tier plans can save you $140 or more per trip. BHTP offers three tiers (ExactCare Value®, ExactCare®, and ExactCare Extra®) with significant price differences for similar core coverage.
• Skip CFAR Unless You Really Need It: Cancel-for-any-reason coverage typically adds 40-60% to your premium. Only add CFAR if you truly need flexibility to cancel for any reason.
• Book Coverage Within 14 Days: Purchase within 14 days of your initial trip deposit to qualify for pre-existing condition waivers at most insurers. Buying early also ensures all trip payments are covered if you need to cancel.

We collected quotes from 12 major insurers on November 19, 2025, using three standardized family profiles. Domestic quotes used two adults (35, 37) and two children (8, 10) for a five-day trip costing $3,000. International quotes used the same family for a 10-day trip costing $8,000 to Europe. Senior-inclusive quotes used two adults (35, 65) and two children (8, 10) for a 10-day trip costing $10,000.

We gathered quotes manually from each insurer's online portal, selecting the cheapest available plan that met basic coverage requirements. For insurers offering multiple plan tiers, we used the plan with the lowest overall cost across all three scenarios. Per-traveler premiums were totaled for insurers that price individually. Plans unavailable for certain ages were excluded from rankings.

Companies included Allianz, AXA, BHTP, Travel Guard (AIG), Travelex, Seven Corners, Travel Insured International, Nationwide, Trawick International, WorldTrips, Generali Global Assistance, and IMG.