Every year, there are 40 million visits to the emergency room (ER) related to injuries, according to the Centers for Disease Control and Prevention in the United States.1 And just one visit to the ER can cost anywhere 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.
Accidental insurance is also known as supplemental insurance and is not tied to any medical insurance plan. If you buy coverage and experience an accident covered by your plan, also known as a covered claim, your insurer will pay money directly to you. We researched over 25 insurance companies to find the best personal accident insurance policies based on plan options, pricing, coverage amounts, and more. The 5 Best Personal Accident Insurance of 2021 in USA.
Providing insurance for individuals and businesses across the nation, Combined Insurance Company of America was founded in 1922 in Chicago, Illinois. The company offers personal accident insurance under its Accident Protector policy. You can easily request a quote on their website by selecting the type of coverage you need, providing your state of residence, and confirming that you are between the ages of 18 and 64 years old.
You can request a quote online on their website by simply filling out your date of birth and the state where you live, then select an individual plan or a family plan. AIG offers three different levels of coverage: basic, standard, and enhanced. The company’s basic plan is the most affordable, with a monthly premium that starts at $5.21 for an individual.
Liberty Mutual Insurance Company: Best for Claims Support – Liberty Mutual Insurance Company will assign you a dedicated representative when you file a claim to ensure you have a fast and smooth process. This individual contact will actively update you on the status of your claim at every step of the process.
The Guardian Life Insurance of America was founded in 1860. Today, they serve more than 29 million people across the nation and offer support for customers online with live chat (with team members available within 11 seconds) or through the company’s national phone line, raising the bar for customer service. To request a quote online, enter your zip code, provide details about who you’re seeking coverage for (yourself, a partner, children, etc.), and select your age range.
Coverage not available in all 50 states- In 2011 a group of friends who love outdoor activities came together to found Buddy Technology, Inc., a company that offers on-demand insurance, providing instant and global coverage with no deductibles. Based in Richmond, Virginia, the company’s insurance policies are underwritten by StarNet Insurance Company, which has an A+ Superior AM Best rating for financial strength.4
What Is Personal Accident Insurance?- Personal accident insurance is a supplemental type of coverage that you can buy on top of your existing health insurance. It offers financial support that gets paid directly to you in case you suffer an accident that is covered by your policy. Some accident insurance policies include Accidental Death and Dismemberment (AD&D) coverage or you can purchase this separately.
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 $5.18 or as high as $51.05, depending on the company and type of coverage.
To guide the selection process, the criteria these companies were held to include offering coverage in a minimum of 20 states or more, having at least an A rating for financial strength from AM Best, having the option for customers to seek online quotes on their website, providing a variety of plan options, and not requiring medical questions to be answered to purchase a policy. All of these are some of the important factors for people looking for personal accident insurance coverage.