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US Travel Insurance Market to Reach USD 16.12 Billion by 2030 Driven by Rising Leisure Travel and Insurance Integration in Booking Platforms

Mordor Intelligence has published a new report on the US Travel Insurance Market, offering a comprehensive analysis of trends, growth drivers, and future projections.

-- US Travel Insurance Market Outlook

According to Mordor Intelligence, the US Travel Insurance Market size is valued at USD 7.71 billion in 2025 and is forecast to reach USD 16.12 billion by 2030, advancing at a 15.9% CAGR. The US Travel Insurance Market share is influenced by shifting consumer preferences and regulatory factors, shaping the competitive landscape for both established insurers and new market entrants. 

Key Growth Drivers in the US Travel Insurance Market 

Rising Outbound Leisure Travel Driving Policy Demand 

Rising international and domestic leisure travel, coupled with greater post-pandemic risk awareness, drives more U.S. travelers, especially Gen Z and Millennials, to buy insurance. 

Growth of Embedded Insurance Through Online Platforms 

Integrating insurance into booking platforms of online travel agencies and airlines simplifies purchases, allowing seamless policy inclusion during booking and boosting adoption rates. 

Increasing Need for Protection Against Weather-Related Disruptions 

Frequent extreme weather events like hurricanes and wildfires raise traveler concerns, driving demand for insurance offering protection against trip disruptions and cancellations. 

Expanding Coverage Awareness Among Seniors and Cardholders 

Senior travelers and frequent flyers increasingly buy insurance due to limited overseas medical coverage and growing awareness of credit card travel protection benefits. 

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/us-travel-insurance-market?utm_source=marketersmedia 

Segmentation in the United States Travel Insurance Market 

By Insurance Cover Type: 

  • Single-Trip Travel Insurance 
  • Annual Multi-Trip Travel Insurance 
  • Long-Stay / Extended-Stay Travel Insurance 

By Coverage (Benefit) Type: 

  • Medical & Emergency Care Expense 
  • Trip Cancellation & Interruption 
  • Baggage & Personal Effects Loss 
  • Flight / Travel Delay 
  • Other Add-On Coverage (Adventure Sports, Rental Car, etc.) 

By Distribution Channel: 

  • Insurance Companies (Direct) 
  • Insurance Intermediaries & Agents 
  • Banks & Credit Unions 
  • Online Aggregators & Comparison Portals 
  • Travel Agencies & OTAs 
  • Airlines & Cruise Lines (Embedded) 

By End User Type: 

  • Senior Citizens (65+) 
  • Family Travelers 
  • Business Travelers 
  • Student / Educational Travelers 
  • Solo Backpackers & Adventure Travelers 

By Geography: 

  • Northeast 
  • Midwest 
  • South 
  • West 

Key Players in the United States Travel Insurance Market 

  • Allianz Partners – Offers a wide range of travel insurance plans, including single-trip and annual multi-trip policies with global medical coverage. 
  • American International Group Inc. (AIG) – Provides travel insurance solutions focusing on trip cancellation, medical emergencies, and 24/7 assistance services. 
  • Berkshire Hathaway Travel Protection – Specializes in fast-claim processing and innovative travel insurance products for leisure and business travelers. 
  • Generali Global Assistance – Offers direct-to-consumer and embedded travel insurance policies with flexible coverage options for individuals and families. 
  • Seven Corners Inc. – Provides tailored travel insurance plans for seniors, students, and frequent international travelers, including medical and trip protection. 

Explore more insights on the US Travel Insurance Market competitive landscape: https://www.mordorintelligence.com/industry-reports/us-travel-insurance-market/companies?utm_source=marketersmedia  

Conclusion 

The United States Travel Insurance Market is on a steady upward trajectory, driven by increased outbound travel, greater awareness of financial risks, and the integration of insurance into digital booking channels. Market growth is supported by both individual travelers and corporate policies, while senior citizens and business travelers continue to be key segments for insurers. 

Get the latest industry insights on the US Travel Insurance Market: https://www.mordorintelligence.com/industry-reports/us-travel-insurance-market?utm_source=marketersmedia    

Industry Related Reports: 

United States Health and Medical Insurance Market 

The United States Health and Medical Insurance Market is projected to grow from USD 1.57 trillion in 2025 to USD 2.1 trillion by 2030, at a CAGR of 5.98%, reflecting steady demand despite regulatory changes. Growth is driven by rising healthcare costs, increasing awareness of health coverage, and the adoption of digital insurance platforms that simplify policy access and management. 

Get more insights: https://www.mordorintelligence.com/industry-reports/united-states-health-and-medical-insurance-market?utm_source=marketersmedia 

Travel Insurance Market 

The Travel Insurance Market is expected to grow from USD 25.98 billion in 2025 to USD 50.77 billion by 2030, at a CAGR of 14.34%. Growth is driven by increasing global travel, rising awareness of financial risks during trips, and the adoption of digital platforms and embedded insurance solutions that simplify policy purchase and enhance coverage accessibility. 

Get more insights: https://www.mordorintelligence.com/industry-reports/travel-insurance-market?utm_source=marketersmedia 

Germany Travel Insurance Market 

The Germany Travel Insurance Market is projected to grow from EUR 620 million (USD 682 million) in 2025 to EUR 774.7 million (USD 852.2 million) by 2030, at a CAGR of 4.56%. Market growth is supported by increasing outbound travel, rising demand for comprehensive coverage, and the growing adoption of online platforms that simplify policy purchase and enhance customer convenience. 

Get more insights: https://www.mordorintelligence.com/industry-reports/germany-travel-insurance-market?utm_source=marketersmedia 

About the company: About Mordor Intelligence: Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics. For any inquiries or to access the full report, please contact: media@mordorintelligence.com https://www.mordorintelligence.com/ Mordor Intelligence, 11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli, Hyderabad, Telangana – 500032, India.

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