8 Effective Tips For Saving Money On Travel Insurance

April 5, 2019 By Admin

Travel insurance is meant to save you from the financial crises when a trip is interrupted or canceled. Though travel insurance can be pricey, it can protect you from losing tons of money in an unforeseen situation. Travel insurance packages vary from provider to provider, but most of them include cover for illness, weather, and events that ruin your travel plans. Here are 8 working tips that can help you save bundles of cash on your next travel insurance policy.


  • Opt for Annual Policy if you are a frequent traveler

If you are someone who travels more than three times a year, it is advisable to choose annual travel insurance over single-trip travel insurance. Paying a one-time fee for the entire year’s travel can be a lot cheaper than buying single-trip policies. Post Office Travel Insurance provider offers up to 40% savings on annual multi-trip insurance.


  • Know what things are already covered

If you are booking a refundable trip, then you may not need to buy travel insurance in the first place as you will get your money back if you cancel your trip. Also, remember that some hotels and flights offer refundable booking options, slimming the value of travel insurance.


  • Check if anything is covered in your home insurance policy or credit card

Sometimes home insurance policies include coverage for your personal belongings while away from home. That means you can opt out baggage cover in your travel insurance which can save you considerable money. In addition, many rewards and credit cards also offer auto hire coverage, trip cancellation coverage and baggage delay coverage as cardholder benefits.


  • Compare prices online and shop around

Travel insurance plans are not one size fits all. You can tailor your own travel insurance plan to include what you need and exclude what you don’t need. Spend some time to research online and compare prices on price comparison websites. In this way, you will be able to find the least expensive policy that suits your needs.


  • Use travel insurance discount vouchers and deals

One of the best ways to save on travel insurance is finding respective deals and bargains. We offer a plethora of voucher codes from plenty of insurance service providers, such as Boots Travel Insurance, Leisureguard, Post Office and Alpha Travel insurance so you can get the best price for your desired policy. Using these free deals can help you save up to 40% on your policies.


  • Include only things that you need

While buying travel insurance, make sure you include only those things in the policy that you think need coverage. For instance, if you are not going to hire a car, then you don’t need car hire insurance. Or, if you are going on a domestic trip, then you don’t need to buy expensive international travel cover.


  • Pay attention to excess

An excess is an amount a policyholder needs to pay against a claim. Higher the amount of excess, cheaper the policy will be. For example, if you claim £400  for your stolen phone and the excess is £150, then the insurer will pay £250. So, make sure you carefully choose your excess. That is because the amount of excess will decide whether the claim is worth making or not.


  • Get an EHIC card if you are heading to Europe

If you are traveling to Europe, a European Health Insurance Card (EHIC) will give you access to low-cost or free state-provided healthcare in a medical emergency. Some travel insurance plans will also waive the excess amount for medical claims if you use the EHIC card for getting medical treatment. However, remember that EHIC card is the supplement to travel insurance and not an alternate.



While looking for ways to save on travel insurance, it is important to understand what you need in the policy and when buying travel insurance is a wise choice. Sometimes, you may not even need travel cover in the first place.


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