Research has shown that every year British travellers are shelling out far more for their travel insurance than they need to. This is despite this type of insurance, when compared to others, being remarkably good value for money if you shop around for the best policies.
This may be attributable to lethargy or ignorance, with more than half of UK travellers opting for the cover suggested by the travel agent when the trip was booked. The cost of taking out cover through a travel agency can be up to five times more expensive than arranging it separately, with some agencies being more interested in boosting their profits rather than giving their customers good value for money. Even if the insurance is advertised as free there is a good chance that, somewhere down the line, you’ll be paying for it.
The travel insurance industry has been blown wide open in recent years, with online travel companies now offering great deals to anyone who takes the trouble to find them. Hotels, flights and car hire costs have been reduced thanks to decreased overheads, and the same savings now apply to travel insurance too.
Online insurance comparison websites simplify the process of finding the right deal that suits your needs and budget. You supply the details of the cover you need, and the website does the trawling through all the offers to come up with the optimal shortlist. The cheapest insurance you find online is not necessarily the worst, either, because more expensive ones may provide a level of cover that is not necessary for your trip and planned activities.
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