7 Tips to Make Your Travel Insurance More Affordable
Travel insurance is an essential part of any holiday, but it doesn’t have to break the bank. By following these tips, you can lower your travel insurance premiums and save money on your next trip.
According to Doug Skoog from the travel insurance and safety app, Freely, it’s important to research different travel insurance options as they vary in terms of features and benefits. Here are seven ways to make your travel insurance policy more affordable:
1. Explore Your Options
Take the time to compare different travel insurance policies to find one that offers the right level of cover at an affordable price. Consider factors such as excess options, maximum age of policyholders, and coverage for snow sports and adventure activities.
2. Check for Membership Perks
Some insurance providers offer discounts or additional benefits to their existing members. For example, Bupa offers a 15% discount on travel insurance for its members. Credit cards and airline frequent flyer programs may also provide complimentary travel insurance or extra points when booking through their systems.
3. Choose to Combine Policies with Other Travellers
If you’re traveling with someone else, consider combining your insurance policies instead of taking out individual ones. Some providers offer discounts for couples, groups, or families. Additionally, check if dependents are included in the base policy to save on costs.
4. Consider Annual Travel Insurance
If you travel frequently, it may be more cost-effective to opt for annual travel insurance instead of a single-trip policy. Annual travel insurance covers you for a 12-month period and may include domestic travel as well. However, make sure it offers the level of cover you need throughout the year.
5. Lower Your Excess
Excess is the amount you pay when making a claim. Choosing a higher excess can lower your policy cost, but be aware that you’ll have to pay more out of pocket if you need to make a claim.
6. Include Your Activities
Make sure your policy covers the activities you’ll be doing during your trip. Some policies automatically include certain activities, such as cruising holidays or special event cancellation. Avoid paying for extras you don’t need.
7. Be Honest
When taking out a travel insurance policy, always declare any pre-existing medical conditions. Being honest with your insurer ensures you’re appropriately covered and avoids potential financial costs in the future.
Conclusion
Lowering your travel insurance premiums is possible with these tips. By exploring your options, checking for membership perks, combining policies, considering annual cover, adjusting your excess, including relevant activities, and being honest with your insurer, you can find affordable travel insurance that meets your needs.
Remember to always research and compare policies to ensure you’re getting the best deal. Safe travels!
About the Author
“This article was written by [Author Name], a travel enthusiast and expert in finding affordable travel insurance. With years of experience in the industry, [Author Name] is dedicated to helping travelers save money while ensuring they have the right coverage for their needs.”
George Barham, an accomplished journalist and avid gambling enthusiast, serves as the esteemed Editor-in-Chief at fly-to-australia.com, Australia’s leading source for comprehensive gambling news and insights. With an unwavering passion for both the written word and the ever-evolving world of betting and gaming, George brings a wealth of knowledge and expertise to the helm of our editorial team.
