How to Get Cheap Travel Insurance
Advice from Travelcover
Is it really worth it? What are you losing by buying a cheap policy compared to a recognised name? Here are a few things to look out for and some comparisons.
Travel Insurance policies are priced using the following criteria:
- Where are you travelling to?
- How long are you going to be away for?
- What are you going to be doing ?
- How old are you?
When you compare policies use this as the starting point by making sure all quotes you get are obtained using the same answers to these questions. Once you have whittled them down to a handful then you could start looking at the details.
High Street or Internet?
While it is tempting to go with a high street name such as Boots or the Post
Office, are they really the best value for money?
A recent study looked into this and while the levels of cover were very similar if not exactly the same there were saving of up to £50 or more to be made by choosing an Internet based insurer. Even if the underwriters (the actual insurer) were the same different brokers (Boots and the Post Office are brokers). See comparisons below.
A typical range of cheap travel insurance policies is offered by Travel Insurance Direct [www.tia-insurance.co.uk] who offer a range of policies to residents of the UK & Ireland. From the cheapest budget quote of just £8.00 for five days in Europe, these cheap policies still offer excellent levels of cover for medical expenses (£5 million including repatriation).
Families can benefit particularly when you consider the Travel Bond range of insurance cover provides free insurance to under 18s. This goes for annual travel insurance policies as well where further savings can be made by purchasing insurance for an unlimited number of trips in a 12 month period.
Travel Agents Insurance
If your travel company asks if you cancellation cover or any other kind of
travel insurance then think carefully. Invariably you will be paying a hefty
premium - for more than some other travel insurance companies. If they try
to insist then be warned. In general tour operators and travel agents cannot
insist you buy their own travel insurance.
All in all, with a little bit of ground work you will be able to find a very good, cheap travel insurance quote which will help protect you and your family to provide everyone with peace of mind while travelling abroad.