Do not treat travel insurance as an after-thought. If you accept what the travel agents give you, you are likely to pay excessively on your premium. The table below illustrates the savings that can be made by shopping around with a typical travel agent compared with the cheapest travel insurance cover found through the travel insurance comparison tool - in this case, Insure4me.
With Insure4me there is a saving of £62.41 for the same family of four holiday compared to the typical travel agents’ cover. Notably, not only is this policy significantly cheaper but it is also more extensive – with higher limits on medical cover, cancellation cover and baggage cover and an equal amount of personal liability insurance available. Remember that the cheapest will not always be the most extensive and so you should pay close consideration to the levels of cover on offer.
Travel insurance cost for a family of two adults and two children spending two weeks in Menorca.
Medical cover
Personal liability cover
Cancellation cover
Baggage cover
Total Cost
Typical travel agent
£5m
£2m
£3,000
£1,500
£73.56
Insure4me
£10m
£2m
£5,000
£2,500
£11.15
* Sourced by moneysupermarket.com on January 17, 2009. Family of four featuring parents aged 35 & 30 with children aged 10 & eight. Statistics correct for the period Jun 06-20, 2009.
In case you're thinking this is a one-off example and that short-haul family travellers are the only ones that can benefit, think again.
There are huge savings to be made for all types of travellers using the travel insurance comparison tool, including single travellers looking to make lengthy trips abroad. Take a look at this example for a single male traveller spending most of the summer (85 days) travelling across the USA:
Travel insurance cost for a single male traveller, spending 85 days in the USA
Medical cover
Personal liability cover
Cancellation cover
Baggage cover
Total Cost
Typical travel agent
£5m
£2m
£5,000
£1,500
£313.99
Columbus Direct
£10m
£2m
£3,000
£1,500
£46.10
Flexicover Direct
£10m
£2m
£5,000
£2,000
£70.90
* Sourced by moneysupermarket.com on January 17, 2009 and based on a single male traveller aged 26, travelling from Jun 06-Aug 31, 2009.
Again, the savings to be made are significant – the travel agent's cover is more than £250 more expensive as the cheapest policy through the travel insurance comparison tool, though the travel agent's cover does offer a higher level of cancellation cover. However, you can secure a policy with another stand-alone provider – Flexicover Direct – that is still just a fraction of the travel agent's charge and offers more extensive medical and baggage cover, while matching the travel agent in all other areas. Remember to think about the value of your trip and the level of cover you really need before picking the right policy for you.
Using the price comparison tool only takes minutes and it could save you a sizeable amount, as the tables above illustrate. Consequently you should not accept travel insurance as an add-on to a flight or holiday package – treat it as a separate entity and don't accept anything less than the right cover at the right price.
With Insure4me there is a saving of £62.41 for the same family of four holiday compared to the typical travel agents’ cover. Notably, not only is this policy significantly cheaper but it is also more extensive – with higher limits on medical cover, cancellation cover and baggage cover and an equal amount of personal liability insurance available. Remember that the cheapest will not always be the most extensive and so you should pay close consideration to the levels of cover on offer.
Travel insurance cost for a family of two adults and two children spending two weeks in Menorca.
Medical cover
Personal liability cover
Cancellation cover
Baggage cover
Total Cost
Typical travel agent
£5m
£2m
£3,000
£1,500
£73.56
Insure4me
£10m
£2m
£5,000
£2,500
£11.15
* Sourced by moneysupermarket.com on January 17, 2009. Family of four featuring parents aged 35 & 30 with children aged 10 & eight. Statistics correct for the period Jun 06-20, 2009.
In case you're thinking this is a one-off example and that short-haul family travellers are the only ones that can benefit, think again.
There are huge savings to be made for all types of travellers using the travel insurance comparison tool, including single travellers looking to make lengthy trips abroad. Take a look at this example for a single male traveller spending most of the summer (85 days) travelling across the USA:
Travel insurance cost for a single male traveller, spending 85 days in the USA
Medical cover
Personal liability cover
Cancellation cover
Baggage cover
Total Cost
Typical travel agent
£5m
£2m
£5,000
£1,500
£313.99
Columbus Direct
£10m
£2m
£3,000
£1,500
£46.10
Flexicover Direct
£10m
£2m
£5,000
£2,000
£70.90
* Sourced by moneysupermarket.com on January 17, 2009 and based on a single male traveller aged 26, travelling from Jun 06-Aug 31, 2009.
Again, the savings to be made are significant – the travel agent's cover is more than £250 more expensive as the cheapest policy through the travel insurance comparison tool, though the travel agent's cover does offer a higher level of cancellation cover. However, you can secure a policy with another stand-alone provider – Flexicover Direct – that is still just a fraction of the travel agent's charge and offers more extensive medical and baggage cover, while matching the travel agent in all other areas. Remember to think about the value of your trip and the level of cover you really need before picking the right policy for you.
Using the price comparison tool only takes minutes and it could save you a sizeable amount, as the tables above illustrate. Consequently you should not accept travel insurance as an add-on to a flight or holiday package – treat it as a separate entity and don't accept anything less than the right cover at the right price.
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