by Top-rated “cancel for any reason” travel insurance plans of 2024
- Seven Corners.
- WorldTrips.
- AIG.
- Aegis.
- John Hancock Ins Agency.
- Tin Leg.
- Travel Insured.
- Travelex.
- USI Affinity.
Why trust our travel insurance experts
Seven Corners
BLUEPRINT RATING
Via TravelInsurance.com’s website
Top-scoring plan
Trip Protection Basic
Average cost for plan with CFAR
$502
CFAR coverage
75% of trip cost
What you should know
Pros and cons
WorldTrips
BLUEPRINT RATING
Via TravelInsurance.com’s website
Top-scoring plan
Atlas Journey Preferred
Average cost for plan with CFAR
$513
CFAR coverage
50% or 75% of trip cost
What you should know
Pros and cons
AIG
BLUEPRINT RATING
Via TravelInsurance.com’s website
Top-scoring plan
Travel Guard Preferred
Average cost for plan with CFAR
$525
CFAR coverage
50%
What you should know
Pros and cons
Aegis
BLUEPRINT RATING
Via TravelInsurance.com’s website
Top-scoring plan
Go Ready Pandemic Plus
Average cost for plan with CFAR
$615
CFAR coverage
75%
What you should know
Pros and cons
John Hancock Insurance Agency
BLUEPRINT RATING
Via TravelInsurance.com’s website
Top-scoring plan
Silver
Average cost for plan with CFAR
$645
CFAR coverage
75%
What you should know
Pros and cons
Tin Leg
BLUEPRINT RATING
Via TravelInsurance.com’s website
Top-scoring plan
Gold
Average cost for plan with CFAR
$678
CFAR coverage
75%
What you should know
Pros and cons
Travel Insured
BLUEPRINT RATING
Via TravelInsurance.com’s website
Top-scoring plan
Worldwide Trip Protector
Average cost for plan with CFAR
$639
CFAR coverage
75% of trip cost
What you should know
Pros and cons
Travelex
BLUEPRINT RATING
Via TravelInsurance.com’s website
Top-scoring plan
Travel Select
Average cost for plan with CFAR
$600
CFAR coverage
75% of trip cost
What you should know
Pros and cons
USI Affinity
BLUEPRINT RATING
Via TravelInsurance.com’s website
Top-scoring plan
Ruby
Average cost for plan with CFAR
$689
CFAR coverage
75% of trip cost
What you should know
Pros and cons
Compare the best “cancel for any reason” travel insurance plans
| COMPANY | TOP-SCORING PLAN | OUR RATING | LEARN MORE |
|---|---|---|---|
 Seven Corners | Trip Protection Basic | Compare QuotesVia TravelInsurance.com’s website | |
 WorldTrips | Atlas Journey Preferred | Compare QuotesVia TravelInsurance.com’s website | |
 AIG | Travel Guard Preferred | Compare QuotesVia TravelInsurance.com’s website | |
 Aegis | Go Ready Pandemic Plus | Compare QuotesVia TravelInsurance.com’s website | |
 John Hancock Insurance Agency | Silver | Compare QuotesVia TravelInsurance.com’s website | |
 Tin Leg | Gold | Compare QuotesVia TravelInsurance.com’s website | |
 Travel Insured | Worldwide Trip Protector | Compare QuotesVia TravelInsurance.com’s website | |
 Travelex | Travel Select | Compare QuotesVia TravelInsurance.com’s website | |
 USI Affinity | Ruby | Compare QuotesVia TravelInsurance.com’s website | |
| WorldTrips | Atlas Journey Premier | Compare QuotesVia TravelInsurance.com’s website |
Methodology
What is “cancel for any reason” (CFAR) insurance?
“Cancel for any reason” (CFAR) coverage picks up where basic trip cancellation benefits included with travel insurance leave off.
It typically reimburses you for up to 75% of your nonrefundable travel costs when you decide to cancel your trip for a reason not listed in your policy.
“While travel insurance will cover a wide array of travel situations, it won’t cover everything,” said Stan Sandberg, cofounder of TravelInsurance.com.
“For trip cancellation coverage, travel insurance plans will only cover you for very specific covered reasons listed in a plan’s description of coverage. If an event is not listed as a covered reason, it won’t be covered unless the consumer opts for a ‘cancel for any reason’ policy,” Sandberg added.
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How does “cancel for any reason” coverage work?
“‘Cancel for any reason’ is typically sold as an upgrade to a regular travel insurance plan,” Sandberg said.
Depending on the insurance company, you’ll typically need to buy CFAR travel insurance within one to three weeks of making your first trip payment. You’re also usually required to insure the full value of your nonrefundable trip expenses.
How much does CFAR coverage typically cost?
Travel insurance with “cancel for any reason” coverage costs an average of $745 per trip, according to our analysis of travel insurance costs for plans with a CFAR upgrade. Our top-scoring CFAR travel insurance plans all have below-average rates.
CFAR coverage can increase the cost of your base travel insurance plan anywhere from 40% to 100%, depending on the company and the policy.
Average cost for travel insurance policies with CFAR
| COMPANY | TOP-SCORING PLAN | AVERAGE COST | LEARN MORE |
|---|---|---|---|
| Seven Corners | Trip Protection Basic | $502 | Compare QuotesVia TravelInsurance.com’s website |
| WorldTrips | Atlas Journey Preferred | $513 | Compare QuotesVia TravelInsurance.com’s website |
| AIG | Travel Guard Preferred | $525 | Compare QuotesVia TravelInsurance.com’s website |
| Travelex | Travel Select | $600 | Compare QuotesVia TravelInsurance.com’s website |
| Aegis | Go Ready Pandemic Plus | $615 | Compare QuotesVia TravelInsurance.com’s website |
| WorldTrips | Atlas Journey Premier | $627 | Compare QuotesVia TravelInsurance.com’s website |
| Travel Insured | Worldwide Trip Protector | $639 | Compare QuotesVia TravelInsurance.com’s website |
| John Hancock Insurance Agency | Silver | $645 | Compare QuotesVia TravelInsurance.com’s website |
| Tin Leg | Gold | $678 | Compare QuotesVia TravelInsurance.com’s website |
| USI Affinity | Ruby | $689 | Compare QuotesVia TravelInsurance.com’s website |
Average cost is based on travel insurance quotes for seven international trips taken by travelers of various ages. Plans have different levels of benefits, which can account for price differences.
Do you need “cancel for any reason” insurance?
If you want the flexibility to be able to cancel your trip for a reason the travel insurance plan doesn’t cover, you may want to spend the extra money to add CFAR coverage to your policy.
What to know about CFAR insurance
With “cancel for any reason” travel insurance, you typically need to cancel your trip at least 48 hours before your scheduled departure time.
“To take advantage of the CFAR benefit, travelers must cancel their trip in its entirety two to three days before their departure to receive reimbursement,” said James Clark, a spokesperson for Squaremouth, the company behind Tin Leg travel insurance.
In other words, if you get nervous about your trip and want to cancel the morning your plane departs, it’s too late to use your CFAR coverage.
What is “interruption for any reason” (IFAR) coverage?
Similar to CFAR travel insurance, an IFAR upgrade can reimburse up to 75% of your nonrefundable trip costs if you change your itinerary after departing for a reason your base policy doesn’t cover.
Also similar to CFAR coverage, IFAR coverage is optional and costs extra. Not all travel insurance companies offer it.
