The best cancel for any reason (CFAR) travel insurance provider is USI Affinity, which offers seven cancel for any reason plans and the cheapest premiums of all the companies we researched. To help you choose the best cancel for any reason travel insurance, we evaluated 18 companies based on 28 criteria. Some of the factors we looked at include the maximum CFAR reimbursem*nt rates (20% of the score), premiums (17.5%), number of policy types available (7.5%), and trip cancellation coverage amounts (5%). If you’re a frequent traveler, having travel insurance can be valuable. But if you need to cancel a trip, your policy will only refund your prepaid expenses due to certain circ*mstances. Adding cancel for any reason travel insurance to your policy covers many reasons for canceling that normally are not covered, like last-minute work obligations or safety concerns. All premiums mentioned are based on a $3,500, 10-day trip from Florida to Costa Rica for two same-aged travelers. We gathered quotes for four different ages: 28, 40, 55, and 70. Best Cancel for Any Reason Travel Insurance of 2024 Best Cancel for Any Reason Travel Insurance of 2024 The Bottom Line Frequently Asked Questions Methodology Why We Chose It With seven cancel for any reason plans available and the cheapest CFAR plan premiums, USI Affinity is our top choice for travelers. Pros & Cons Pros Lowest premiums for CFAR policies Offers seven CFAR policy options Cons No pet medical coverage Kids aren’t covered for free Overview USI Affinity offered the most CFAR policy options—seven—out of the 18 cancel for any reason travel insurance companies we reviewed. Additionally, USI Affinity offered the lowest CFAR premium of any company we researched: $121. The company’s highest plan premium was $200, which is also among the lowest rates we found during our research. CFAR plans from USI Affinity include 75% reimbursem*nt, with a maximum trip cancellation reimbursem*nt of $150,000 for covered events and up to $250,000 in medical coverage per person, per trip. Plan Pricing Why We Chose It Cancel for any reason travel insurance from Allianz will provide up to 80% reimbursem*nt for non-refundable travel costs. Pros & Cons Pros Maximum reimbursem*nt of 80% Kids under 17 are covered for free $200,000 limit for covered cancellations Cons Low coverage limit for travel delays No pet medical coverage Limited coverage for medical expenses No missed connections coverage Overview If you spend a lot of money on trips, a CFAR plan from Allianz can be a good choice. Allianz offers up to 80% reimbursem*nt for eligible travel expenses if you need to cancel for uncovered reasons, which was the highest rate of any of the insurers we analyzed. Additionally, Allianz’s $200,000 trip cancellation coverage (for covered cancellations) was among the highest we found during research. Although Allianz offers the most coverage for trip reimbursem*nt, its CFAR plans have some limitations worth noting. For example, there’s no coverage for missed connections or pet medical expenses. Allianz will only provide CFAR insurance if you insure the full cost of your trip within 14 days of making your first trip payment. Plan Pricing Why We Chose It If you want a cancel for any reason travel insurance policy with the best features and the most coverage, Tin Leg is a great choice because it offers the lowest premiums for its upgraded plans. Pros & Cons Pros Lowest premium for upgraded plans Up to $500,000 in medical coverage Cons No pet medical coverage Doesn’t offer multi-trip coverage No annual plans Kids aren’t covered for free Overview Out of the best CFAR companies on our list, Tin Leg has the lowest premiums for its upgraded CFAR plans. The highest plan premium from Tin Leg is just under $200. Another thing we like about Tin Leg is that it has the highest amount of coverage for medical expenses. The maximum amount of medical coverage is $500,000 per person, per trip. There were only six insurers we reviewed that offered that much coverage. Despite the benefits of Tin Leg, this CFAR insurance provider also has some downsides. The plans don’t include pet medical coverage, and kids aren’t covered for free. Berkshire Hathaway offered a slightly lower premium than Tin Leg for its top-tier plan. However, the company’s overall score was below average and higher than just five of the other 17 companies. Therefore, we kept the insurer out of our rankings. Plan Pricing Why We Chose It HTH’s cancel for any reason travel insurance plan reimburses up to 200% of your trip interruption costs, which is the highest reimbursem*nt limit out of the “best” companies we reviewed. Pros & Cons Pros Highest trip interruption reimbursem*nt limit Plan includes pet medical coverage Provides up to $500,000 in medical coverage Cons Only one CFAR plan available Only reimburses $50,000 for covered cancellations No multi-trip coverage No annual plans Overview HTH only offers one CFAR plan, but it provides excellent coverage, including 200% reimbursem*nt for your trip interruption costs (covered interruptions include 14 scenarios, including sickness and natural disasters). Additionally, the plan includes $500,000 in medical coverage per person, per trip, as well as pet medical expenses coverage. HTH’s CFAR plan provides a maximum reimbursem*nt of 75% for prepaid travel expenses, which is the typical rate. Thirteen of the 18 companies we analyzed offered a 75% CFAR reimbursem*nt rate. HTH will only reimburse a maximum of $50,000 in trip cancellation costs for covered events, which is the lowest coverage limit out of the best companies on our list. In addition, it doesn’t offer annual plans, and the one CFAR travel insurance plan available doesn’t cover multiple trips. Additionally, the premium for HTH’s CFAR plan was $301.82, which was around $31 more than the average for top-tier plans and nearly $80 more than the average for low-tier plans. Plan Pricing Why We Chose It Trawick International’s cancel for any reason travel insurance plans provide $3,000 in travel delay coverage, which is the highest amount of delay coverage out of the companies on this list. Pros & Cons Pros Highest amount of travel delay coverage Five CFAR plan options Affordable premiums Cons Plans don’t include pet medical coverage No free coverage for kids Free-look period is only 10 days Overview Trawick International offers the most travel delay coverage out of the 18 CFAR travel insurance companies we evaluated. Plans include a maximum of $3,000 in travel delay coverage in case you need to get a hotel or rent a car due to unexpected travel delays. Trawick International has five CFAR plans, and the premiums are pretty affordable. The lowest plan premium is $143.14, which is one of the cheapest premiums out of the companies we reviewed. You can also get annual plans and plans with multi-trip coverage. Keep in mind that Trawick’s free look period is only 10 days, which is shorter than the typical 15-day period other insurers offer. Plan Pricing Cancel for any reason travel insurance can be worth the added cost, especially if you travel often or take expensive trips. However, the best CFAR travel insurance company is different for everyone. For instance, if you want the cheapest plan, USI Affinity is a great choice. But if you’re looking for a plan with a high CFAR reimbursem*nt rate, Allianz is the top choice. Trip cancellation is a standard part of travel insurance that covers the cost of non-refundable travel if you have to cancel a trip for a specific reason, including illness, injury, or death. Cancel for any reason insurance is something you add to a policy to cover cancellations that don’t qualify for trip cancellation. For example, if you have to cancel a trip at the last second because your fear of flying overwhelms you a couple of days before your flight, CFAR allows you to cancel, no questions asked. Another key difference is that trip cancellation insurance typically offers a maximum dollar amount your policy pays out, whereas CFAR reimbursem*nts you a percentage of your non-refundable trip costs. Cancel for any reason coverage is a type of insurance coverage you can add to a travel insurance policy that will cover you for cancellation reasons that aren’t covered by your travel insurance. CFAR insurance reimburses you a percentage of your non-refundable travel costs, often 50% to 75%. Cancel for any reason insurance can cost you anywhere from 10% to 40% of your travel insurance premium. For example, during our research, we found adding CFAR to a Travel Guard policy that cost $169.29 would add an extra $38.08. In most cases, travel insurance companies will require you to buy your CFAR insurance within 14 to 21 days of your first payment for the trip. Narrowing down the best cancel for any reason travel insurance companies means analyzing aspects of travel insurance that are most important to travelers. With that in mind, we examined 18 top travel insurance companies across the following 16 categories:Best Cancel for Any Reason Travel Insurance of 2024
Best Overall : USI Affinity
Best Reimbursem*nt Rate : Allianz Travel Insurance
Most Affordable Premiums for Upgraded Plans : Tin Leg
Best for Trip Interruption Reimbursem*nt : HTH
Best for Travel Delay Coverage : Trawick International
The Bottom Line
Frequently Asked Questions
What’s the Difference Between Trip Cancellation and Cancel for Any Reason?
What Is Cancel for Any Reason Coverage?
How Much Does Cancellation Insurance Cost?
Can You Buy Cancel for Any Reason Insurance After 21 Days?
Methodology
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See Also
Funko Pop! NBA Trading Card Figure - Choose your FigureFind out if trip cancellation insurance is right for youTrip Cancellation Travel Insurance:fill(white):max_bytes(150000):strip_icc()/allianz-travel-3dd61447249141dab5329f8f4e6ba160.jpg "Best Cancel for Any Reason Travel Insurance of 2024 (2)")
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