Best Panama Travel Insurance Plans & Coverage (2026)
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Reviewed By Last updated: 04/01/2026
Key Takeaways
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Based on internal Squaremouth policy sales data, the best travel insurance plans for Panama are offered by Tin Leg, IMG, and Travel Insured International.
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Quality medical care with English-speaking staff is generally easy to find in Panama, but U.S. health insurance isn’t accepted, so travel insurance with strong emergency medical coverage is recommended.
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Travel insurance for trips to Panama typically costs around $300. According to Squaremouth data, travelers spend $22 per day on coverage.
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Tourists are urged to avoid all travel to the Mosquito Gulf and the Darién Province due to high levels of violent crime, drug trafficking, and human smuggling.
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Panama Canal cruises are considered a bucket list experience by many travelers. We recommend at least $250,000 in Medical Evacuation coverage for cruises due to the costly nature of getting airlifted from a cruise ship.
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Try our online travel insurance comparison tool to get Panama quotes from multiple providers at once . For personal assistance, call our award-winning agents at 1-800-240-0369.
Squaremouth’s Panama Travel Insurance Recommendations
Over the last 12 months, the top three travel insurance plans purchased by travelers with upcoming trips to Panama on Squaremouth were:
For those travelers who are concerned with needing medical coverage while traveling to Panama, Squaremouth recommends a policy that includes at least $50,000 in Emergency Medical coverage and $100,000 in Medical Evacuation coverage.
Emergency Medical coverage can provide reimbursement if a person becomes ill or injured during their trip. Medical Evacuation coverage can reimburse a traveler for expenses related to getting to the nearest adequate medical facility. In some cases, this coverage can also reimburse a traveler for expenses to get home under the guidance and recommendation of a physician.
For those who are traveling to remote areas of Panama or taking a cruise through the Panama Canal, medical treatment and evacuation can be more complicated and expensive. In these situations, Squaremouth recommends at least $100,000 in Emergency Medical coverage and $250,000 in Medical Evacuation coverage.
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More Details on the Best Travel Insurance for Panama
Most Popular Panama Travel Insurance Plan
Medical / Med Evac Coverage
$500,000 / $500,000Cancellation / Interruption Limits
100% / 150% of trip cost
The most popular travel insurance policy among Squaremouth customers visiting Panama, making up more than 21% of all sales for the destination
Great for adventure-heavy itineraries, offering coverage for a variety of popular Panama water sports like kayaking, snorkeling, surfing, and deep-sea fishing
Provides $500,000 in Emergency Medical coverage that can cover the cost of hospital bills and doctor visits if you get ill or injured while in Panama
Best Plan for Panama Cruises
Medical / Med Evac Coverage
$100,000 / $500,000Cancellation / Interruption Limits
100% / 150% of trip cost
Comes standard with up to $500,000 in coverage for medical evacuations, helping cover the cost to airlift you from your cruise ship to the nearest adequate medical facility or back home for treatment
Includes $100,000 in Emergency Medical coverage to cover expenses if you suffer sea sickness, food poisoning, an injury, or other medical emergency while cruising
Offers up to $500 in Missed Connection coverage per person, which can help you book new travel arrangements if you miss your Panama cruise departure due to a covered delay
Features up to $1,000 in Baggage Loss protection, which can cover the cost of personal items that are lost, stolen, or damaged while on your cruise ship or exploring port cities along your cruise route
Best Plan for Family Trips to Panama
Medical / Med Evac Coverage
$100,000 / $500,000Cancellation / Interruption Limits
100% / 150% of trip cost
Offers one of the most generous “Free Coverage for Kids” benefits available on our platform, covering up to nine children at no additional cost per policy
Allows families visiting Panama to customize coverage with add-ons like Cancel For Any Reason, Interruption For Any Reason, and Rental Car Damage for greater flexibility and financial protection
Features optional Upgrade Bundles that increase coverage limits for key benefits like Emergency Medical, Medical Evacuation, and Trip Delay for a small fee at checkout
Includes complimentary concierge services, helping families book dinner reservations, arrange tours, and coordinate airport transfers for a smoother travel experience
Panama Travel Insurance Trends and Data
Panama is a popular tourist destination and a stop for cruise lines. Many people visit the iconic Panama Canal and experience the rainforest and metropolitan areas the country has to offer.
Destination Rank: 48
Percentage of Squaremouth Sales: 0.52%
Average Premium: $312.19
Average Trip Cost: $4,016.73
Squaremouth Analytics compares thousands of travel insurance policies purchased over the last two years to identify changes and trends in the travel insurance industry.