The Best Credit Cards for Travel Insurance Benefits

To help you find the most valuable option, we’ve built this comprehensive list.
woman holding credit card and iPhone in an office


The Daily Navigator strives to help you make the best decisions in travel. While we produce content according with strict editorial integrity this post may contain references to partner products. Here’s a full explanation for how our team makes money .

What is travel insurance?

Travel insurance is a type of insurance coverage that provides financial protection against unexpected events or emergencies that may occur during your travels, such as trip cancellations, medical emergencies, lost baggage, or other unforeseen circumstances.

What are the main types of travel insurance?
  • The main categories of travel insurance are typically based on the type of coverage they provide. Here are the main categories of travel insurance:
  • Trip cancellation/interruption insurance: This  covers expenses incurred if you need to cancel or interrupt your trip due to covered reasons such as illness, injury, death, natural disasters, or other unforeseen events. 
  • Medical insurance: This provides coverage for medical expenses incurred while traveling. It can include emergency medical treatment, hospital stays, doctor’s visits, medications, and medical evacuations.
  • Baggage and personal  belongings insurance: This type of travel insurance protects against loss, damage, or theft of your luggage, personal belongings, and valuables during your trip. 
  • Travel delay insurance: This covers additional expenses incurred due to unexpected delays, such as flight cancellations, missed connections, or severe weather conditions. 
  • Emergency evacuation insurance: This category assists with the cost of emergency evacuations, particularly in remote or medically inadequate areas. 
  • Accidental death and dismemberment insurance: This provides financial compensation in the event of accidental death, loss of limbs, or permanent disabilities resulting from accidents that occur during your trip.
How much does travel insurance cost?

The cost of travel insurance varies depending on several factors, including your destination, the length of your trip, your age, the coverage options you choose, and any pre-existing medical conditions. It is advisable to compare quotes from different insurance providers to find the best coverage at a competitive price.

Where can you buy travel insurance?

Travel insurance can be purchased from various sources, providing flexibility and options for travelers. Here are some common places where you can buy travel insurance:

  • Insurance companies: Many insurance companies offer travel insurance policies. You can directly contact insurance providers to inquire about their offerings, receive quotes, and purchase a policy. These companies may have online platforms or local offices where you can access their services.
  • Travel agencies: Travel agencies often offer travel insurance as part of their services. When booking your trip through a travel agency, they can provide you with options for travel insurance coverage and facilitate the purchase on your behalf.
  • Online travel booking platforms: Online travel booking platforms, such as Expedia, Travelocity, or Kayak, often provide the option to purchase travel insurance during the booking process. These platforms may partner with insurance providers to offer a range of policies that you can select from.
  • Credit card companies: Some credit card companies offer travel insurance as a benefit to their cardholders. If you have a credit card with travel-related perks, review the terms and benefits associated with your card to see if travel insurance coverage is included and how to access it.
  • Comparison websites: There are online comparison websites that allow you to compare different travel insurance policies from multiple providers. These platforms provide a convenient way to review coverage options, prices, and customer reviews, helping you make an informed decision.
  • Specialized travel insurance providers: There are companies that specialize in travel insurance, offering a wide range of policies tailored to different types of travelers and trips. These specialized providers may have additional coverage options or unique features that cater to specific needs, such as adventure travel or long-term travel.

We spend a lot of time writing about the free travel and luxury benefits credit cards can offer you, and trust us, we’ll keep doing that. But there’s one underappreciated perk flying under the radar of most cardholders, and it might just be the most valuable one of them all: travel insurance.

A strong travel insurance policy should be one of the first things planned before any trip, but it’s often neglected. While we might get away with it most of the time, we’re all a fender bender, missed flight, or lost bag away from an expensive problem. And that’s not even considering some of the worst-case medical scenarios.

So, as you consider a shiny new travel card, keep insurance in mind. To help you find the most valuable, we’ve built a list of the best credit cards for travel insurance benefits.

Chase Sapphire Reserve®

Who’s it for?: Regular travelers who want both luxury and practical perks
Notable benefits: The broadest insurance package of any credit card

The Chase Sapphire Reserve® leads the pack with its tremendous coverage. Of course, with a premium card comes premium-sized annual fees, but considering how much it could save you in a tough situation, Chase Sapphire travel insurance is well worth it for many.

Chase Sapphire travel insurance comes with an auto rental collision damage waiver, trip cancellation and interruption insurance up to $10,000 per instance, trip delay reimbursement, lost luggage reimbursement up to $3,000 per person, emergency medical and dental up to $2,500, medical evacuation insurance, and travel accident insurance.

Overview
  • Trip cancellation: $10,000 per person/ $20,000 per trip
  • Trip interruption: $10,000 per person/ $20,000 per trip
  • Trip delay: $500 per ticket when delayed more than 6 hours
  • Baggage delay: Up to $100 per ticket for 5 days
  • Lost luggage: Up to $3,000 per passenger
  • Travel accident: Up to $1 million
  • Rental car insurance: Up to $75,000
  • Medical coverage: Up to $2,500 emergency medical and dental coverage

Chase Sapphire Reserve®

60,000 Bonus Points

after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Travel℠.

Annual Fee: $550  |  Terms Apply  |  Rates & Fees

Navigator Tip

Read the fine print. It’s great knowing you have some protection from your credit cards, but always ensure you’re covered in a given situation before banking on the help. Most policies require using the card to cover the entire trip, usually without points. There are some exceptions, but if you’re travel hacking, make sure your bags and flights are covered.

Capital One Venture X Rewards Credit Card

Who’s it for?: Families and groups traveling together 
Notable benefits: Primary rental insurance

Capital One travel insurance is another premium option, although only costing a far more palatable $350. The Capital One Venture X Rewards Card is one of the best credit cards for travel insurance benefits. If you’re renting a car, declining the rental agency’s coverage grants you primary coverage, giving you peace of mind if the worst happens on your trip.

On top of the stellar rental insurance, every ticketholder paid for with the card is covered with trip cancellation and interruption insurance up to $2,000, as well as lost luggage and trip delay reimbursement. You won’t be covered for medical situations, however, so you’ll need to use this in tandem with a great insurance policy. 

Overview 
  • Trip cancellation: Up to $2,000 per person
  • Trip interruption: Up to $2,000 per person
  • Trip delay: $500 per ticket when delayed more than 6 hours/overnight stay
  • Baggage delay: N/A
  • Lost luggage: Up to $3,000 per passenger
  • Travel accident: Up to $1 million
  • Rental car insurance: Up to $75,000
  • Medical coverage: N/A

Capital One Venture X Rewards Credit Card

75,000 Bonus Miles

after you spend $4,000 on purchases in the first 3 months of account opening

Annual Fee: $395  |  Terms Apply  |  Rates & Fees

Chase Sapphire Preferred® Card

Who’s it for?: Responsible budget travelers
Notable benefits: High value coverage for a small annual fee

If the Chase Sapphire Reserve is a little beyond your budget, check out its more affordable sibling, the Chase Sapphire Preferred® Card. While this $95-a-year card may have less travel coverage, its Chase Sapphire travel insurance still packs a value-laden punch.

The Chase Sapphire travel insurance shares the same auto rental collision damage waiver as the Reserve, lost luggage reimbursement, trip cancellation, and trip interruption insurance. Other benefits like travel accident insurance, emergency medical, and medical evacuation insurance are either not included or have less coverage. It’s still a massive contender, and at that price point, it’s arguably the best value card on this list.

Overview
  • Trip cancellation: Up to $5,000 per person
  • Trip interruption: Up to $5,000 per person
  • Trip delay: Up to $500 per ticket when delayed more than 12 hours
  • Baggage delay: Up to $100 for five days
  • Lost luggage: Up to $3,000 per passenger
  • Travel accident: Up to $500,000
  • Rental car insurance: Up to the cash value of the car
  • Medical coverage: N/A

Chase Sapphire Preferred® Card

Earn 60,000 bonus points

after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Travel℠.

Annual Fee: $95  |  Terms Apply  |  Rates & Fees

Navigator Tip

Many of the cards offer collision protection or rental insurance of some sort. What may not be immediately obvious is that you’ll need to decline coverage from the rental provider first, so keep that in mind if you’re being sold on their “superior” coverage. On the other hand, some card-based insurance is secondary and requires you to have a primary provider. Do your research.

American Express Platinum Card

Who’s it for?: Those traveling in unreliable circumstances
Notable benefits: Strong trip interruption coverage

The American Express Platinum Card is the most iconic card on this list. Its unmistakable shiny finish is synonymous with luxury travel perks, and the American Express travel insurance coverage offerings are just as plentiful. It doesn’t include any medical insurance beyond its global assist line, but it’s got you covered on a number of other angles.

American Express travel insurance trip cancellation and trip interruption insurance covers you up to $10,000 a trip up to $20,000 in a 12-month period, while its trip delay program can give you up to $500 per trip if you’re delayed more than six hours. It also comes with secondary car rental insurance, a baggage insurance plan, and emergency medical evacuation.

Overview
  • Trip cancellation: Up to $10,000
  • Trip interruption: Up to $10,000 per person
  • Trip delay: Up to $500 per ticket when delayed more than 6 hours
  • Baggage delay: N/A
  • Lost luggage: Up to $3,000 per passenger
  • Travel accident: Up to $500,000
  • Rental car insurance: Secondary policy up to $75,000
  • Medical coverage: Global assist program but no medical coverage

The Platinum Card® from American Express

80,000 Membership Rewards® Points

after you spend $8,000 on purchases in your first 6 months of card membership

Annual Fee: $695  |  Terms Apply  |  Rates & Fees

Capital One Venture Rewards Credit Card

Who’s it for?: The lost luggage worrier
Notable benefits: A $1,500 lost luggage policy

Capital One’s more affordable offering, the Venture is another of the best credit cards for travel insurance benefits. Another $95 annual fee makes its protection pretty high value.

This Capital One travel insurance option offers a robust travel accident policy of up to $1,000,000, luggage reimbursement of $1,500 per trip, and an auto rental collision damage waiver. Its primary medical coverage comes in the form of “emergency services,” which can help rearrange travel, find medical assistance, and seek legal help—but note that it’s not actual coverage, just support.

Overview
  • Trip cancellation: $1,500
  • Trip interruption: $1,500
  • Trip delay: N/A
  • Baggage delay: $100 per day for 3 days
  • Lost luggage: $1,500 per passenger
  • Travel accident: Up to $1,000,000
  • Medical coverage: Emergency assistance program

75,000 Bonus Miles

after you spend $4,000 on purchases in the first 3 months of account opening.

Annual Fee: $95  |  Terms Apply  |  Rates & Fees

Southwest Rapid Rewards® Plus Credit Card

Who’s it for?: Domestic travelers and Southwest loyalists
Notable benefits: Travel accident insurance up to $500,000

The Southwest Rapid Rewards® Plus Credit Card flies well under the radar of many travelers. We’ve been recommending it for a while for its solid perks, but we haven’t focused too much on its strong travel coverage.

The card offers an auto rental collision damage waiver (which kicks in when the rental agency’s insurance is declined), lost luggage reimbursement of up to $3,000, baggage delay insurance, and travel accident insurance. 

Overview
  • Trip cancellation: N/A
  • Trip interruption: N/A
  • Trip delay: N/A
  • Baggage delay: Up to $100 per day for 3 days
  • Lost luggage: Up to $3,000 per passenger
  • Travel accident: Up to $500,000
  • Rental car insurance: Secondary policy
  • Medical coverage: Emergency assistance program

Southwest Rapid Rewards® Plus Credit Card

Earn 85,000 bonus points

after spending $3,000 on purchases in the first 3 months from account opening.

Annual Fee: $69  |  Terms Apply  |  Rates & Fees

Navigator Tip

Many of the benefits provided must be claimed after the fact, so make sure you keep as much evidence as possible, including recently purchased clothing tags, pictures of what’s in your luggage, and the luggage receipt itself. In a rental, take pictures of the car before and after to make sure you cover yourself against any discrepancies.

Frequently asked questions

Many credit cards come with various travel insurance benefits as part of their perks. These benefits typically include coverage for trip cancellations or interruptions, travel accident insurance, baggage delay or loss coverage, rental car insurance, and emergency medical assistance.

You can find information about your credit card’s travel insurance benefits in the card’s terms and conditions, benefits guide, or by contacting your credit card issuer directly. Additionally, some premium cards clearly state these benefits on their websites.

It depends on the credit card you have. Some cards offer travel insurance benefits at no additional cost, while others might require you to pay an annual fee or specific charges to activate the coverage.

 The types of trips covered can vary between credit cards, but most travel insurance benefits will typically cover both domestic and international trips, as long as you use the credit card to pay for a significant portion of the travel expenses.

 While credit card travel insurance can provide valuable coverage, it may not be as comprehensive as standalone travel insurance policies. It’s essential to review the coverage limits, exclusions, and terms of your credit card’s benefits and compare them with your specific travel needs. In some cases, purchasing additional coverage might be a good idea.

 

In the event of a covered incident, contact your credit card issuer’s claims department as soon as possible. They will guide you through the claim process and provide the necessary forms and documentation requirements. Be sure to keep all relevant receipts, documents, and evidence to support your claim.

Ask the Navigators: Do I need travel insurance?

Editorial Disclaimer: Opinions expressed here are the author’s alone. This post contains references to products from one or more of our partners and we may receive compensation when you click on links to those products.

Navigate the News Better

Take a five-minute trip through the news that matters most to travelers with our daily newsletter.

Related Stories

Built with ❤️ by travelers, for travelers.

© 2024 Dollar Flight Club Inc. All Rights Reserved

Stay in the know with
The Navigator Newsletter

A five-minute trip through the news that matters most to travelers. Past Edition

A five-minute trip through the news that matters most to travelers. Past Edition

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. The relationship may impact how an offer is being presented. Our site doesn’t include all the offers available. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

DFC Partner Perks App Link Image
Special Discounts for Our Members

Save Big with Perks

Get $5,000+ in immediate travel savings with Perks. Unlock next level travel benefits, for life. Get discounts from the world’s best travel brands you won’t find anywhere else. No credit required.

DFC Concierge App Link Image
Special Discount for Our Members

93% off lifetime access

Save $1,200 and 10 hours of your time on every vacation. With Lifetime access to DFC Concierge, get fully customized trip itineraries to make every vacation unforgettable.

Dollar Flight Club App Link Image
Special Discount for Our Members

50% Off PREMIUM

You can save up to $500 on your next adventure without lifting a finger get email alerts when we find flights up to 90% off leaving your home airport. Just let us know your departure airport and we’ll do the rest.

The Navigator Commitment

The Daily Navigator is the cornerstone of the DFC Media family. Through each of our brands, we’re dedicated to helping our readers travel, spend, and live smarter.

With products dedicated to affordable travel, daily news, hospitality, and personal finance, we deliver the day’s essential content with none of the filler — all in a way that’s fast, easy, and fun to read. Every morning, over 2 Million travelers trust DFC to deliver the latest news and information so that they can make informed decisions faster. We hope you’ll join them.

We’re happy to have you here!