HomeRenters InsuranceDoes State Farm Have Travel Insurance? Everything You Need To Know (2024)

Does State Farm Have Travel Insurance? Everything You Need To Know (2024)

Does State Farm Offer Travel Insurance?

Based on our research team’s findings, State Farm does not offer travel insurance. However, it does provide coverage for car rentals and living expenses in certain situations. If your car is in the repair shop due to damage or an accident covered by a State Farm car insurance policy, the company will reimburse you for a rental car if you’ve opted for this type of coverage.

In addition, State Farm covers travel expenses — such as lodging, meals and transportation — if your car is not driveable due to covered damage occurring more than 50 miles from home. If you have a home or renters insurance policy with the company, coverage is also extended to your personal property if it’s stolen during your travels.

While this coverage is helpful in case of a car accident during your travels, it does not provide the comprehensive coverage typically found in a travel insurance policy. If you plan to travel domestically through the U.S. or abroad, consider looking into a travel insurance policy to protect your nonrefundable trip expenses along with emergency medical situations.

What Types of Insurance Does State Farm Offer?

While State Farm doesn’t offer travel insurance policies, it does provide other types of coverage to protect you and your assets in various ways. Learn more about some of State Farm’s popular insurance offerings in the sections below.

State Farm Car Insurance

According to the National Association of Insurance Commissioners (NAIC), State Farm is the largest auto insurer in the U.S., with 18.3% of the market share. Based on research conducted by the MarketWatch Guides team, State Farm auto insurance has a strong reputation in consumer studies and offers discount opportunities for students and teens. In addition, it offers a telematics insurance option that provides additional discounts for good driving.

State Farm Homeowners Insurance

State Farm offers homeowners insurance in addition to its auto insurance policies. While policies are available in all 50 U.S. states, the company stopped accepting new applications for property insurance in California in May 2023. However, current policyholders in the Golden State can still renew their existing policies at this time.

Coverage options offered through State Farm home insurance include dwelling, personal property, loss of use, personal liability, medical payments and more. Other insurance coverages may be available through your local State Farm agent, so contacting one of the company’s over 19,000 insurance agents could yield more options.

State Farm Life Insurance

Life insurance policies can provide a tax-free benefit to beneficiaries when a policyholder passes away, with no restrictions on how they can use the benefit. With State Farm life insurance, you can select from term, whole and universal life insurance policy options. The company also offers add-on endorsements such as term riders for children and care benefit riders, allowing customers to customize coverage and benefits to suit their needs.

Other Types of State Farm Insurance

State Farm offers other types of insurance besides auto, homeowners and life. It offers coverages such as disability insurance, supplemental health insurance, renters insurance, motorcycle insurance, roadside assistance and more. It even offers pet insurance through its partnership with Trupanion, a top-rated pet insurance provider based on the MarketWatch Guides team pet insurance methodology.

Do I Need Travel Insurance?

While some countries may require you to have travel insurance to fulfill entry or visa requirements, our research has shown that many destinations do not require U.S. travelers to have a policy in place for entry. 

If you’re concerned about covering your belongings, non-refundable trip expenses or potential emergency medical bills you might accrue during your travels, you may consider purchasing a travel insurance policy for peace of mind.

Types of Travel Insurance

In your search for trip coverage, you’ll encounter several types of travel insurance. The sections below provide an overview of standard travel insurance types providers frequently offer.

Trip Cancellation and Interruption Coverage

Our research shows that most travel insurance policies include trip cancellation and trip interruption coverage. These coverages can help reimburse prepaid, nonrefundable travel expenses if your trip is delayed or canceled for a covered reason under your policy. Covered expenses may include airfare costs, hotel reservations, event tickets and more.

Note that not all cancellation and interruption scenarios are covered under a travel insurance policy. If you’re looking for coverage that protects you in virtually any situation, you may want to consider cancel for any reason (CFAR) coverage.

Medical Expense Coverage

Travel medical insurance covers emergency medical bills incurred while on a vacation or trip abroad. Our research has found that most health insurance plans, including Medicare, do not cover injuries or illnesses while outside the U.S. Travel medical policies can cover a set amount related to medical expenses that your primary domestic health insurance policy may not cover.

Emergency Evacuation and Transportation Coverage

Travelers visiting a remote area lacking a robust medical system may want to consider emergency evacuation and transportation coverage. If you become sick or injured and require extensive care, this coverage can help you pay for the cost of transportation to an adequate medical facility. In addition, our research found that some providers offer emergency evacuation services during a political emergency or civil unrest.

Lost and Delayed Baggage Coverage

Baggage insurance covers your travel bags and the contents if they become lost, delayed or damaged during your travels. Lost baggage coverage can reimburse you for the cost of your luggage if it’s lost, stolen or damaged during your trip. Baggage delay coverage applies if your luggage is delayed due to transportation provider issues. Note that coverage limits vary by travel policy, so if you plan on traveling with expensive or valuable items in your luggage, it’s worth looking into a plan with high limits for this type of loss.

Auto Rental Damage Coverage

Some travel insurance companies offer rental car coverage, which can help pay for damages to a rental during your travels. However, this type of coverage usually only provides collision insurance and not liability insurance. Because of this, it’s best practice to consult with your rental car company to learn about any specific insurance requirements in your state.

How To Find the Best Travel Insurance

There are several steps you can take while shopping for a travel insurance policy to ensure you find the right coverage for your travel needs. Read more in the sections below.

Evaluate the Financial Risks of Your Trip

When deciding whether or not to purchase a travel insurance policy, it’s best practice to ask yourself if you can take on any losses related to trip costs. For example, if you get sick and cannot travel, are you comfortable with losing any non-refundable travel expenses such as airfare or hotel? A travel insurance policy may be worth the extra expense if you’d rather not take the risk.

Examine the Coverage You Already Have

Look at any coverage you may have through a credit card company or elsewhere. Many credit cards, such as the Chase Sapphire Preferred card, offer travel insurance benefits such as trip cancellation, trip interruption and trip delay coverage if you purchase non-refundable expenses with the card. If you have this coverage but want additional protection, a travel medical insurance policy could meet your needs.

Gather Quotes from Multiple Travel Insurers

Once you know the type and amount of coverage you’re looking for, gathering quotes from multiple travel insurers can help you find a plan that fits your budget. In our experience, gathering quotes is a relatively straightforward process. Most providers allow you to get a quote and complete the purchasing process entirely online, making it ideal for digitally savvy shoppers. 

On the other hand, if you’d prefer to speak with a representative who can explain coverage options in further detail, providers typically offer a phone number that can connect you with the help you need.

Read the Fine Print

It’s best practice to read the fine print within your travel insurance contract. Understanding what is and is not covered is important when shopping for travel insurance. All policies have coverage exclusions, and aligning your needs with a plan involves ensuring you fully understand what a policy entails. This can also help prevent surprises if you need to file a claim and the company denies coverage due to fine print exclusions.

How Much Does Travel Insurance Cost?

The average cost of travel insurance is $221, based on quotes gathered by our research team from 20 different travel insurance providers. Your costs may vary due to factors such as total trip costs, your destination, age, coverage amounts and more. To better break down this average cost, we’ve outlined the average plan cost for each of the seven traveler profiles used to gather quotes. 

Traveler Type Trip Details Total Trip Cost Average Plan Cost
30-year-old couple 7-day trip to Mexico $5,000 $204
Family of 4 7-day trip to Mexico $8,000 $313
65-year-old couple 7-day trip to London $7,000 $484
30-year-old couple 7-day trip to London $7,000 $269
19-year-old college student 7-day trip to France $2,000 $83
27-year-old solo traveler 7-day trip to Greece $1,800 $85
51-year-old solo traveler 7-day trip to Spain $2,000 $113
Created with Sketch Beta. MARKETWATCH GUIDES TIP

After gathering 1,519 quotes using the seven unique traveler profiles featured above, our research team concluded that the average cost of a travel insurance policy equals about 3% to 5% of your trip’s total value.

Is Travel Insurance Worth It?

Deciding whether to purchase a travel insurance policy is a decision only you can make. A travel insurance policy can provide a safety net regarding non-refundable trip expenses and unexpected emergency medical bills. However, if your travel bookings have a generous cancellation policy or if you’re booking an inexpensive trip, you may not find travel insurance worth the extra cost. 

Based on our research, it’s best practice to consider your personal travel needs and circumstances when deciding if a policy is worth your money. This way, you can make an informed decision that best suits you.

Frequently Asked Questions about State Farm Travel Insurance

State Farm does not offer travel insurance. However, it provides several other types of insurance, including vehicle insurance, home insurance, renters insurance, life insurance, disability insurance and more.

The average cost of a travel insurance policy is $221, according to quotes gathered by our research team from 20 different travel insurance providers. We calculated this average using seven unique traveler profiles when gathering quotes. Note that your cost for a policy will likely vary based on your personal circumstances and travel needs.

For most U.S. residents traveling internationally, travel insurance is not a requirement to enter many countries abroad. However, a travel insurance policy may provide peace of mind regarding non-refundable trip expenses or emergency medical bills from an unexpected illness or accident.

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