Taking a trip without taking out a travel insurance policy first is extremely unwise, as it will leave you without protection should you fall victim to illness or injury while abroad. However, just because you need to buy travel insurance, it doesn’t mean you should pay a fortune for it. In this blog, we will look at a few ways of keeping the premium low.
Don’t buy from a travel agency
Some travel agencies and holiday tour companies offer travel insurance as part of your holiday package, and it can be tempting to go with that as the simplest option. Simplest rarely means best in this situation though, as many policies provided by these companies are more costly. It pays to take the extra time to compare them with policies offered by travel insurance specialists before making a decision.
It is possible to get travel insurance online these days and that is often where you will find the best deals. This is because a number of insurance providers offer customers who shop online discounts of up to 20% on their policies as online applications reduce the overheads for the providers. Looking for your travel insurance on the internet will also give you the broadest choice of policies as an increasing number of companies are online-only now.
Choose your cover carefully
A good way of making sure you do not pay more than you need to is to tailor your policy. For instance, if the trip you have planned will mainly involve lying on a beach you can skip parts of travel policies like extreme sports cover that will add to the cost of the premiums and are not necessary for you. Equally, if you already have a home insurance policy that protects you if your possessions are lost abroad, try to get that part of the travel insurance policy removed.
Annual or single
If you travel frequently each year for business then choosing an annual travel policy will probably work out cheaper than getting insured individually for each trip. On the other hand, if it is just a once a year holiday, a single trip policy will likely be more cost-effective.
Contact us now to discover the best travel insurance policies to suit your needs.