Roughly 25% of British travellers take to the skies (or the seas) without taking out travel insurance, according to data from ABTA… which can be a risky decision no matter where you’re going or what you’ll be doing when you get there.
Provided you don’t have any pre-existing medical conditions your travel insurance could prove to be surprisingly cheap, but there are always a few things you can do to increase your odds of finding a great deal. Here are five, for starters.
Make sure you aren’t already covered
Some high street banks in the UK include complimentary travel insurance to their current account customers, while a number of credit card companies do the same thing for their cardholders.
So the first thing to do is to make sure you aren’t already covered – no sense forking out for additional travel insurance when you already have suitable cover in place.
If your bank doesn’t offer complimentary travel insurance they’re probably happy to sell it to you, but just because you bank with them doesn’t mean they’re sure to offer you the best deal. By using our travel insurance comparison system you’ll be able to compare quotes from dozens of travel insurance companies in just a few minutes, making it much more likely that you’ll find a suitable policy at a great price.
Many holidaymakers assume annual travel insurance is only suitable for gap year students that plan to spend a year backpacking through Asia, or jetsetters that can afford to jet off to a new destination each month.
But the truth is that an annual, multi-trip travel insurance policy can be more cost effective than a series of individual policies even if you’re only planning to take three or four trips within the next year – and in some cases you only need to take two trips to make an annual policy the better option.
Insuring the whole family under a single travel insurance policy is usually more cost effective than insuring each traveller individually.
And as a matter of fact you don’t even need to be family members to benefit from a group travel insurance policy – a group of friends travelling together can all be insured under a single policy, which is usually cheaper than each person taking out their own cover.
Most travel insurance policies will provide a certain amount of cover for your personal belongings, such as jewellery, watches, mobile phones and cameras, but if you’re taking a lot of valuables with you most insurance companies will allow you to pay a bit more to increase this personal belongings cover.
However, many home insurance policies include a certain amount of cover for your personal belongings, and in some cases you’ll be covered even if you’re overseas so it’s worth checking your home insurance policy before deciding on whether or not to increase your cover.