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Best Personal Accident Insurance of This Years

We researched more than 25 insurance companies to find 5 the best personal accident insurance policy based on plan options, price, amount covered, and more.

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Best Personal Accident Insurance of This Years

Each year, there are 35 million emergency room visits related to injuries, according to the Centers for Disease Control and Prevention. And just one visit to the ER can cost between $150 and $3,000. That’s one of the main reasons people get personal accident insurance to help cover the cost of medical bills.

Accident insurance is also known as supplementary insurance and is not tied to any health insurance plan. If you purchase coverage and have an accident covered by your plan, also known as a covered claim, your insurance company will pay you the money directly.

5 Best Personal Accident Insurance Company

We researched more than 25 insurance companies to find the best personal accident insurance policy based on plan options, price, amount covered, and more.

1. Combined Insurance Company of America

The Combined Insurance Company of America is the obvious choice for the better overall for its long history and for providing insurance policies in all 50 states, and is the only insurance company on this list with national coverage.

Pros Cons
Founded in 1922 You need to contact an agent to purchase an accident insurance policy.
Online quotes available
AM Best rating of A+ Superior
Coverage begins immediately

To provide insurance individuals and businesses across the country, The company offers personal accident insurance under the protection policy. You can easily request a quote on their website by selecting the type of coverage you need, submitting your residency status, and confirming that you are between 18 and 64 years old.

Mutual insurance offers different types of coverage: family, single, children, and spouse. If you are someone who wants to get a quote directly from a real person, you can also speak to an insurance agent directly through the company’s national hotline.

With an individual company policy covered, you can expect to receive payments of up to $800 for eligible hospital treatment, $200 per day for hospitalization, up to $100 for accidental emergency visits, and up to $100,000 for accidental loss life.

Based on quotes for individuals ages 18 to 64 who live in California, the estimated monthly premium for an individual policy is $15.17 ($182 per year). This policy is valid 24/7 and will cover whether the accident occurred at work or during your spare time.

Benefits will be paid directly to you or your beneficiaries, not to a medical facility, such as a hospital. The company also offers a combined accident and illness with more coverage options related to illness and accident.

2. American International Group, Inc.

AIG, is our top pick for an affordable option personal accident insurance because it offers the lowest monthly installments among the companies on this list.

Pros Cons
Online quotes available Coverage not available in all 50 states
Different types of coverage and plans that fit your budget Does not cover accidental death and dismemberment (AD&D)
No medical exam required
AM Best rating of A for financial strength

AIG is an insurance company that was founded in 1919. The company also provides services to more than 80 countries that have an AM Best A rating for financial affairs. In addition, they also provide individual and family packages that you can choose from.

The packages currently available are: basic, standard, and a choice of upgradeable plans. Premiums on the basic plan are among the cheapest, starting at $4.41 per month for individuals.

Meanwhile, the standard package option starts at $13.7 per month and you can fine-tune it. However, you need to remember that the premium you have to pay also depends on where you live.

This price is based on offers received online and includes additional non-insurance services, such as healthcare resources through web-based programs, expert medical consultations, online medical records, and secure email. You can opt out of this feature to reduce the cost of your monthly premium.

It should be noted that AIG accident insurance does not cover accidental death and disability (AD&D). AIG offers an Accidental Death Plus plan that specifically includes AD&D, including coverage for paralysis, coma, and funeral planning, and that basic plan starts at nearly $10 per month.

Some of the highlights of the company’s basic individual plan for covered claims include:

  • $250 for emergency transportation, per day
  • $500 for emergency treatment, per day
  • $250 for in-hospital stay, per day
  • $500 for intensive care unit, per day

If you decide to go with the standard or the enhanced plan, you will get the following benefits:

  • $500 for emergency transportation, per day
  • $500 for emergency treatment, per day
  • $400 for in-hospital stay, per day
  • $800 for intensive care unit, per day

However, as noted above, these benefits may vary by country. You can apply for a policy online or by calling the company hotline. You can cancel your policy at any time, and any unearned premiums will be refunded.


Read:
Benefits of Accident Insurance: All About you Need to Know

3. Liberty Mutual Insurance Company

Liberty Mutual Insurance Company will assign a dedicated representative for you when you file a claim to ensure you have a fast and smooth process. These individual contacts will actively update you on the status of your claim at each step of the process.

Pros Cons
Covers emergency dental procedures Coverage not available in all 50 states (only 39 states and the District of Columbia)
No medical questions asked
Includes AD&D benefits
Provides a designated representative to help with the claims process

With an A rating from AM Best, Liberty Mutual Insurance Company was founded in 1912 and provides insurance services throughout the United States and in more than 29 countries and economies worldwide.

The company offers three different types of personal accident insurance coverage: basic, additional and premium, and this flexible plan can be customized based on your needs.

To request a quote online, visit the website, select your country of residence, enter your gender and date of birth, then answer questions about your current accident policy status (if any).

Customers can earn up to $7,500 for accidents such as up to $500 for eye injuries or $5,000 for burns - or up to $50,000 for AD&D, for $8 to $10 per month, with the option to add additional Emergency services for an additional fee.

Prices and coverage vary depending on the state you live in and your gender. You can apply for an insurance policy online or by speaking directly to one of the sales agents available through the company’s national hotline.

We’re glad that they don’t keep you waiting to learn more about the claim and instead appoint a representative to your case until the claim is resolved.

4. The Guardian Life Insurance of America

We selected The Guardian Life Insurance of America for Best Customer Service because of their direct customer support, available Monday through Friday from 9 a.m. to 9 p.m. ET by email or phone. Insurance representatives are ready to help answer all your questions about plans, coverage and more.

Pros Cons
A++ Superior rating from AM Best Coverage not available in all 50 states
Insurance coverage can be purchased online without speaking to an agent
No waiting period and no deductible

The Guardian Life Insurance of America was founded in 1860 and has an A++ (Excellent) financial strength rating from AM Best. It serves more than 29 million people across the country and offers direct customer support via the company’s national phone lines and via email with a single click on its website, raising the bar for customer service.

To request a personal accident insurance quote online, enter your zip code, provide details about who you are seeking for coverage (you, your spouse, children, etc.), and select your age group.

The company offers two package options. Guardian Accident Protection Plus Silver comes with a monthly premium of $14.31, which provides $250 per day for hospital care, $1,000 for emergency air transport, and up to $25,000 in AD&D.

The second option, Guardian Accident Protection Plus Gold, has a monthly premium of $20.98 and offers $300 for hospital care, $1,400 for emergency air transport, and up to $50,000 for advertising and development.

Customers have the option of purchasing a policy online, without having to speak to an agent, or purchasing a policy over the phone with a helpful representative.


Read:
4 Tips and How to Choose Accident Insurance

5. Buddy Technology, Inc

While most plans provide annual coverage, personal accident insurance offered by Buddy Technology, Inc. unique. You simply buy a personal insurance policy when you need it and for the exact length of time you need it, be it a day, a week, a month or a year. This feature makes Buddy Technology the best for on-demand coverage in our review.

Pros Cons
Live chat support Does not provide coverage for accidents that occur while at work
Instant online quotes Available in only 43 states and the District of Columbia
Policies can be purchased within 90 seconds.

In 2017, a group of friends who love the outdoors got together to found Buddy Technology, Inc. , a company that offers on-demand insurance, providing instant worldwide coverage at no discount. Headquartered in Richmond, Virginia, StarNet Insurance Company, headquartered in Richmond, Virginia, covers the company’s insurance policies rated A+ Superior AM Best in terms of financial strength.

Customers can request quotes and purchasing policies directly on the Buddy website by simply selecting the state in which you live, providing information about who you are seeking coverage for, and selecting the length of cover and date you request. replace.

You can also share details about the activities you will be participating in such as free excursions or diving (this is optional and will not affect the price of your policy).

Nationally, Buddy’s policies range from $8.25 to $14.48 for one-day coverage, $17.16 to $30.10 for one-week coverage, $46.79 to $82.07 for one-month coverage, and $42.91 to $75, 26 per month for one year coverage.

Some of the policy highlights include paying up to $500 for emergency department visits, $75 per physiotherapy visit for up to 10 visits, and $250 to $5,000 for ambulance transportation (ground and air, respectively).

If you purchased a policy that provides coverage for 10 days or more and you are not satisfied, you can cancel within 10 days of registration (free serving period) for a full refund. The company offers customer service over the phone, via email, and via live web chat.

While a national rollout is underway, Buddy Insurance is only available in 43 states and the District of Columbia. You can enter your contact information on their website to find out when a particular state will be published.

FAQs

What Is Personal Accident Insurance?

Personal accident insurance is an additional type of coverage that you can purchase in addition to your existing health insurance. It provides financial support that is paid directly to you if you have an accident covered by your policy. Some accident insurance policies cover accidental death and disability (AD&D) coverage or you can purchase them separately.

What Is Covered by Personal Accident Insurance?

Under an accident insurance policy, you are usually covered for any accidents you may experience during the activities of your daily life, and sometimes this includes injuries you sustain at work, but not in all cases. This policy provides financial benefits that are paid directly to you and which can be used at your discretion (i.e. to pay medical bills, rent or child care); You are responsible for how your money is spent.


Please note that benefits will not be paid if you are injured under the influence of drugs, due to self-harm, due to illness or illness not related to an accident, and other restrictions. Be sure to read the fine print to find out what your insurance policy does and doesn't cover.

Is Personal Accident Insurance Necessary?

Deciding whether to purchase personal accident insurance is entirely an individual choice and depends on the other types of insurance coverage you may have. If you already have life and disability insurance, this policy may be overkill.


However, if you only have health insurance, it can cover gaps in your insurance coverage and help you pay for your deductible costs. It is important to note that accident insurance does not provide adequate coverage for exemptions from the Affordable Care Act.

What Are the Expected Costs of Personal Accident Insurance?

The cost of personal accident insurance is relatively low compared to health insurance and other types of coverage. You may be able to find monthly premiums as low as $4 or as high as $50, depending on the company and type of coverage. These costs may vary based on your condition, medical condition, type of coverage and number of people covered by the policy.

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