The top 4 family travel insurance policies are:

To make memories that last forever, it's crucial to ensure that family vacations run smoothly. Travel insurance can help smooth over any bumps in the road, such as a lost bag or an injury abroad.

We evaluate the top family travel insurance policies based on coverage, cost, and variety of options. (For details on our selection process, please refer to our methodology.)

Best for families with young children

This travel insurance policy from Allianz is ideal for families with young children as it offers free coverage for kids aged 17 or under when traveling with a parent or grandparent. However, this benefit is not available to Pennsylvania residents. Nonetheless, it could help families with younger children save money on their travel insurance coverage.

Allianz's cancel for any reason (CFAR) coverage has an upgraded version that can cover up to 80% of trip expenses if you have to cancel for a reason that's not included in the standard coverage.

Best for affordability

Faye travel insurance is ideal for families on a tight budget. Its policies begin at $4.64 per day (for 14 days) for domestic trips and $5.16 per day (for 14 days) for international trips. Additionally, Faye offers a completely digital experience, allowing policyholders to manage their policies through an app rather than an agent or by phone.

Faye's user-friendly interface allows you to quickly obtain travel insurance coverage online, with quotes available at any time. In addition to the standard trip delay, cancellation, and interruption coverage, you can also purchase CFAR coverage, which covers adventure and sports activities, as well as a pet care add-on, which can provide coverage for your pet's illness or injury while traveling with you or extra kenneling costs if your trip is delayed and you leave your pet at home.

Best for CFAR coverage

Travel Insured International could be an excellent option for families seeking the flexibility of a CFAR addition to guarantee they'll be covered for any reason they need to cancel. The company offers a broad range of cancellation reasons, including coverage for school year extensions with all plans.

Travel Insured International's Worldwide Trip Protector offers free coverage for all children under 17 years old when traveling with adult relatives.

Best for cruises

Berkshire Hathaway Travel Protection provides cruise-specific packages for families embarking on a cruise.

Cruise plans provide coverage for missed connections and unique challenges that may arise during a cruise vacation, such as cruise disablement and diversion.

Allianz

Allianz provides 10 diverse travel insurance policies for various types of trips and travelers, including single-trip and multi-trip coverage. Additionally, the company simplifies the process with online quotes and claims.

CFAR coverage available?

Yes, up to 80% of prepaid, non-refundable trip costs

24/7 assistance?

Yes

Faye

Faye's travel insurance plans offer affordability and ease of access, with policies 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

Travel Insured International

For over 25 years, Travel Insured International has provided travel insurance with two tiers of coverage, which is available in most states and can assist you in fulfilling all your travel protection requirements.

CFAR coverage available?

Yes, up to 75% of prepaid, non-refundable trip costs

24/7 assistance?

Yes

Berkshire Hathaway Travel Protection

Berkshire Hathaway Travel Protection provides various tiers of travel insurance and protection, including specialized packages for road trips and cruises. Its A++ financial strength rating sets it apart from competitors.

CFAR coverage available?

Up to 50%, only available on LuxuryCare packages

24/7 assistance?

Yes

Bottom line

To safeguard your investment in a family vacation, it's crucial to have a travel insurance plan that's user-friendly, offers round-the-clock assistance, and caters to your unique travel needs and budget.

Why trust CNBC Select?

At CNBC Select, our goal is to deliver top-notch service journalism and in-depth consumer advice to our readers, enabling them to make well-informed decisions when it comes to managing their finances. Our travel insurance reviews are the result of meticulous reporting by our team of expert writers and editors, who possess extensive knowledge of travel insurance products. In order to identify the best travel insurance companies, we conducted extensive research, collecting over 100 data points on more than a dozen providers. 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 uphold the highest journalistic standards and ethics. For more information on our methodology, please visit [LINK].

Our methodology

Various factors were compared by CNBC Select when analyzing dozens of travel insurance companies to determine the best options.

We evaluated travel insurance companies based on the number of plans offered, 24/7 assistance, Covid-19 coverage, cancel for any reason coverage, financial strength, family-friendly features, and reasons for cancellation.

The premiums and policy structures offered by travel insurance companies may change based on their policies.

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