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Best Group Travel Insurance You Must know About

Intro to Best Group Travel insurance in 2023

My Top Pick for the Best Group Travel Insurance : Seven Corners

Are you frustrated at the infamous “I think I have lost my luggage!” Or are you tired of the classic “I forgot to pack that” fiascos during your group trips? Those issues come up in everyday travel, but they are multiplied a thousand times worse when traveling in large groups. 

But these issues are probably never solved, because you travel without group travel insurance. 

So without it, you are stuck feeling frustrated, confused, and upset at yourself for not reading the rest of this article. But, you have come to the right place to find the best group travel insurance that will fit your travel destinations and group needs!  

Whenever I explore the world, I alway buy travel insurance to ensure that I am protecting and covering my self. Because with out travel insurance, I am fearful of the unknown or “what-ifs”. Aside from knowing the best international travel essentials, by getting travel insurance, you can ensure that you have a safe and adventurous trip!

So by using group insurance you can ensure that yourself and your traveling companions are protection during any uncertainties when traveling the world.

Travel Insurance coverage questions to ask yourself

What is the Best Group Travel Insurance Company?

Top Pick: Seven Corners

Looking for top-notch group travel insurance coverage?

Seven Corners has you covered! With the option to add Cancel for Any Reason (CFAR) coverage, up to 75% reimbursement for trip interruptions, and COVID-19 medical costs, you can travel with total peace of mind.

I am in no way compensated for my review of these companies or group policy plan. My review is based on my research and own opinions, but should not be substitute for professional advice.

Disclaimer: I am not an insurance agent. The information in this article is based on personal research and should not substitute for professional advice. Before purchasing travel insurance, conduct additional research and consult with licensed insurance professionals to make informed decisions.

Companies Overview Comparison:

Want more of an overview on the different companies offering group travel insurance policies and their unique offerings?

I created a hypothetical group trip to gain a fair estimate of costs for each travel insurance policy. We based our cost analysis on a group of 6 traveling from Florida to Mexico by plane from October 1-8th, 2023. The total trip costs $800 per person ($4,800 total). Three travelers are 25 years old, and Three travelers are 35 years old.

Group Travel Insurance Basic Coverage Options Based on Providers

ProviderBasic Coverage Cost TotalUnique/Cool OfferingsCancel for Any Reason Coverage
Seven Corners$243-Interruption for any reason (75% coverage) 
-Sports equipment rental coverage
Yes**
Nationwide$190-Trip cancellation/interruption coverage due to terrorismNo
Travelex$204-Cover up to 10 people under single planNo**
AXA Travel$324-Concierge and Identity theft servicesNo

** Optional Add On (Additional cost apply)

Please note that prices are subject to change and are only accurate based on the time of publishing this article.

Seven Corners 

Overview:

  • COVID-19 coverage: Yes
  • CFAR coverage: Add-on
  • AM Best rating: A

Seven Corners is a leading travel insurance company and is my top recommendation for group travel insurance. As they offer some of the best hassle-free and cost-effective solutions to common travel issues!

Seven Corners is great because even the most basic policies let you add Cancel for Any Reason (CFAR) coverage. This add-on feature allows you the freedom to cancel your trip and receive reimbursement for reasons that are typically not included in standard insurance policies, such as school or work commitments.

For people traveling together, the addition of a CFAR coverage offers invaluable peace of mind during your travels!

Seven Corners goes the extra mile by reimbursing you up to 75%of interruption for any reason (IFAR). For example, if you rejoin your trip after your scheduled departure date.

Your group can also rest assured knowing that you can receive reimbursement for medical expenses if any member of your group contracts COVID-19 during the trip.

When it comes to group travel insurance plans, Seven Corners’ blend of flexibility, pandemic preparedness, and financial stability makes it an outstanding choice for your group travel protection needs.

Pros & Cons

Pros

  • Covers U.S residents up to 99 years old
  • COVID-19 protections
  • CFAR coverage available in basic plans
  • CFAR coverage available in basic plans

Cons

  • Price significantly increases with optional add-ons 
  • Higher initial cost for basic plan

Coverage & Cost

Add-On Options: Options are all available in basic plan

  • Cancel for any reason coverage (CFAR)
  • Trip interruption for any reason coverage (75% coverage)
  • Rental car damage coverage
  • Sports rental equipment coverage

Scenario Based Pricing:

Scenario 1:

Two 25-year-olds traveling from Florida to Mexico from October 1st to 8th, 2023, have a total travel cost of $1,400 ($700 per person). They can expect to pay approximately $68 to $130, depending on the Seven Corners plan they choose.

Scenario 2:

A group of 6 travelers, including 3 who are 25 years old and 3 who are 35 years old, is traveling from Florida to Mexico from October 1st to 8th, 2023. Their total travel cost is $4,800 ($800 per person), and they would pay a flat fee of $243 for the basic plan with no add-ons.

Nationwide

Overview

  • COVID-19 coverage: No
  • CFAR coverage: Premium Plan Add-on
  • AM Best: A+

 Nationwide stands out as an excellent choice for group travel insurance, especially for families traveling on a cruise.

One of the key advantages of Nationwide comprehensive cruise coverage is it ensures travelers are financially protected in case a cruise itinerary. For example, when an itinerary is disrupted due to unforeseen events such as fire, mechanical issues, or other issues, you will be financially protected. This specialized group coverage adds an extra layer of peace of mind, allowing them to enjoy their cruise with confidence.

Beyond cruise-specific protection, Nationwide offers essential coverage for emergency medical expenses and issues like lost, stolen, or delayed baggage.

In addition to Nationwide being great got group travelers, they also provide individual solo travel insurance policy’s.

Nationwide’s commitment to cruise travelers, combined with their comprehensive travel protections, makes it a good choice for group travel insurance, ensuring a worry-free and enjoyable journey for all members of the group.

Pros

  • Cruise insurance includes coverage for boat itinerary changes
  • Accidental death and dismemberment coverage available

Cons

  • Coverage is limited in based on your state of residence 
  • CFAR is not available in basic packages

Coverage & Cost

Add-On Options: You may be able to include the following add-ons to your policy:

  • Rental car collision and loss coverage
  • Accident death and dismemberment coverage
  • Cancel for any reason coverage (available on premium plans only)

Scenario Based Pricing:

Scenario 1:

Two 25-year-olds traveling from Florida to Mexico from October 1st to 8th, 2023, have a total travel cost of $1,400 ($700 per person). They can expect to pay approximately $57 to $101, depending on the Nationwide plan they choose.

Scenario 2:

A group of 6 travelers, including 3 who are 25 years old and 3 who are 35 years old, is traveling from Florida to Mexico from October 1st to 8th, 2023. Their total travel cost is $4,800 ($800 per person), and they would pay a flat fee of $190 for the basic plan with no add-ons.

Travelex

Overview

  • CFAR coverage: Add-on (Available in premium plan only) 
  • A.M. Best rating: A++

Travelex is great for large groups traveling internationally. With Travelex, you can purchase group travel insurance to cover up to ten people under a single comprehensive plan. Which can help speed the enrollment and claims process while potentially saving you money.

Under the Travel Select (premium plan), families can benefit from coverage for children under 17 at no additional cost. This helps provide all-inclusive protection for all aged-travelers!

Travelex also offers a flexible trip cancellation policy, including cancel-for-any-reason coverage worth up to 75% of trip costs.

Additionally, within the premium plan, there are a wide array of adds-on, such as coverage for adventure sports, and additional medical, accidental death and dismemberment coverage. This helps ensure your group’s unique needs are met. When it comes to group travel insurance plans, Travelex stands out for its unique coverage, value, and peace of mind.

Pros

  • Cancellation with full refund available up to 15 days after policy enrollment 
  • Within the premium plan, can you mix and match 4 additional add ons to meet your group needs! 
  • Within premium plan, children pricing is included 

Cons

  • Lower medical coverage than some competitors 
  • CFAR is not available in basic packages

Coverage & Cost

Add-on options- Available within Premium Plan Only 

  • CFAR coverage (up to 75% of trip costs) 
  • Increase medical expense AD&D coverage
  • Adventure Sports

Scenario Based Pricing: 

Two 25 year olds traveling from Florida to Mexico for a week on a $1,400 trip would pay around $68-$112 depending on Travelex Plan.  

Scenario 1:

Two 25-year-olds traveling from Florida to Mexico from October 1st to 8th, 2023, have a total travel cost of $1,400 ($700 per person). They can expect to pay approximately $68 to $112, depending on the Nationwide plan they choose.

Scenario 2:

A group of 6 travelers, including 3 who are 25 years old and 3 who are 35 years old, is traveling from Florida to Mexico from October 1st to 8th, 2023. Their total travel cost is $4,800 ($800 per person), and they would pay a flat fee of $204 for the basic plan with no add-ons.

AXA Assistance USA:

Overview:

  • COVID-19 coverage: No
  • CFAR coverage: Add-on for Platinum (premium) policies only
  • AM Best rating: A+

AXA plans cater to leisure travelers and business travelers, making it an ideal for groups wanting essential coverage and peace of mind while traveling.

AXA’s basic insurance includes basic features like trip cancellation and interruption coverage, as well as comprehensive protection for medical emergencies. All of which addresses important aspects of group travel security.

AXA’s also partnered with over 1 million healthcare providers worldwide! This is great for travelers that are worried about not having access to quality medical care while traveling.

The most basic plan (AXA’s Silver policy) doesn’t offer Cancel for Any Reason (CFAR) insurance. CFAR is only an add-on option for their Platinum group travel insurance policy. While the platinum package offers more comprehensive protection, it comes at a higher cost.

AXA’s reputation for reliability makes it an excellent choice for groups seeking travel insurance that provide coverage for their journeys.

Pros

  • Partner with over 1 million healthcare providers worldwide
  • Accidental death and dismemberment coverage
  • Trip interruption and cancellation reimbursement of 100% of the trip cost

Cons

  • No special COVID-19 protections
  • CFAR is only an option with the platinum (premium) plans
  • Plan prices are more expensive compared to other insurance compared

Coverage & Cost

Add-On Options: Are only available for premium policies only:

  • Cancel for any reason coverage (up to 75%)
  • Collision damage waiver

Scenario Based Pricing:

Scenario 1:

Two 25-year-olds traveling from Florida to Mexico from October 1st to 8th, 2023, have a total travel cost of $1,400 ($700 per person). They can expect to pay approximately $108 to $166, depending on the Nationwide plan they choose.

Scenario 2:

A group of 6 travelers, including 3 who are 25 years old and 3 who are 35 years old, is traveling from Florida to Mexico from October 1st to 8th, 2023. Their total travel cost is $4,800 ($800 per person), and they would pay a flat fee of $324 for the basic plan with no add-ons.

What Is Group Travel Insurance?

Group travel insurance covers your entire group throughout your travel destinations. It is essential for you if you are traveling with a group of your family members, family, co-workers, or simply in a large group of 4 or more people.

From luggage delays, to flight cancellation, to weather delays, and even to medical evacuation, your group travel insurance can cover everyone in your party. 

Yup, everyone is covered for one small group price. 

This is great for you if you are sticking to a budget while having the peace of mind that all travelers are covered.

Group travel insurance also allows you to mix and max add on coverage to ensure that the unique needs of your group are met. 

So whether your traveling aborad, with your family, or traveling solo, purchase group travel insurance that protects everyone!

How Can Group Travel Insurance Benefit You

Benefits of Group Travel Insurance to you

When you’re traveling abroad: Group travel insurance is the way to go if you are traveling in your home country or abroad in a foreign country. With so many ways for a trip to go wrong while aborad, having insurance for your group can ensure you have a safe and memorable trip.  

Coverage for Medical Emergencies: The last thing anyone wants to do while on vacation is deal with a medical emergency. Especially when traveling with children, elderlies, or to an unfamiliar area.

So it is important to plan ahead and prepare, especially when your group of family or friends are traveling together.

So by planning ahead and purchasing travel insurance, you can rest assure that you will receive quality care and have medical coverage for the covered reason.

When you’re traveling with children: If you are a family traveling with children, you can ensure that your family has coverage, regardless of your children’s age. From minor bumps and scrapes to more serious concerns, your insurance will be there to ease your worries.

Peace of Mind: Travel can be unpredictable, and even the best-laid plans can encounter hiccups. But when you have group travel insurance, you gain an incredible peace of mind!

So when you have common travel issues or unexpected accidents, you can rest assure knowing that your group is covered. 

How We Conducted Our Researched 

Selection of Companies: We began by identifying a list of reputable travel insurance companies known for offering group travel insurance policies. These companies were selected based on their reputation, customer reviews, and industry recognition.

Only the companies listed in this article were compared. 

Quote Process Tool: We visited the official websites of each selected company and utilized their online quote process tool. This tool allowed us to input standardized information for each quote request, ensuring a consistent and fair comparison.

Uniform Information: We maintained uniformity in the information provided for each quote request. This included specifying the same number of travelers, their ages, similar travel dates, along with going to the same destination. This step was crucial to ensure a level playing field for all the companies being reviewed.

Quote Evaluation: After receiving quotes from each company, we reviewed and documented the coverage details offered by their respective plans. This includes assessing coverage limits, types of coverage (e.g., medical, travel delay coverage), deductibles, and additional benefits.

I analyzed the key benefits, pros and cons based on my personal judgment and preference.

Common Coverage Assessment: We identified common coverage elements across all the insurance plans, such as emergency medical coverage, trip cancellation coverage, and baggage protection. This allowed us to make meaningful comparisons among the companies.

The information covered in this article is based on my limited research, and the quotes are accurate at the time of publishing this article. However since insurance policy amounts are ever changing, you must visit each individual company’s policy for the most up to date and accurate information. 

I am in no way compensated for my review of these companies or policy plan. My review is based on my research and own opinions.

Disclaimer: I am not an insurance agent. The information in this article is based on personal research and should not substitute for professional advice. Before purchasing travel insurance, conduct additional research and consult with licensed insurance professionals to make informed decisions.

Conclusion:

Group travel insurance can be a lifesaver when you’re exploring the world with friends, family, or colleagues.

 It’s like a safety net for your entire group, providing coverage for unexpected setbacks like trip cancellations, medical emergencies, or lost luggage.With group travel insurance, you can enjoy peace of mind knowing that everyone in your party is protected, making your adventures worry-free. 

Plus, group policies often comes with cost savings compared to separate policies, making it an affordable and easy way for larger groups.

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