When you plan to go on holidays, you need to think about travel insurance. So many people decide to go without insurance, but this is not advisable. Travel insurance is essential for keeping you protected when you're abroad. It means you’ll be able to get treatment if necessary. And, it can be useful when you’re trying to look after your possessions as well. Here are some of the most amazing ways you can cut the costs of your holiday insurance.
Don’t Use Travel Agents
The first thing you need to make sure you do is to ignore what your travel agents offer you. At the end of the day, it might seem easier to do everything with them all in one go. But, is it going to be as cost-effective as possible? The answer is, of course, no. The fact is that many of the options you’re offered by the travel agency are going to be more expensive than they will be elsewhere. And, you might even find that you won’t receive the adequate level of cover you need. So, always avoid what the travel agents will offer you, and instead go and find your own travel insurance deals.
If you need anything these days, the best place to start is going online. The internet is so vast and expansive these days that you can find almost anything on there. That’s why you need to make sure you use it to your advantage. The best way to find cheap travel insurance is to check out price comparison sites. You can find out all about the different insurance premiums available, and what the costs are. This can help you to compare and contrast what is on offer, and choose the most cost-effective option on the market. Use the internet as much as you can to help you make the right decision here.
Don’t Take the First Thing You’re Offered
A problem that many people encounter when they buy insurance is just taking the first thing they’re offered. It’s so easy to do this because you just want to get the process over and done with. Travel insurance is the least fun part of sorting out a holiday (except maybe packing)! So, many people just take the first deal so they can get it sorted. But, you need to understand that this isn’t always the wise choice. In fact, a lot of the time you will find that it’s less effective doing this. More often than not the first offer you get is not going to be the cheapest. It will mean taking a bit of extra time, but hunting around can save you a significant amount of cash in the long run.
Get What You Need
It’s vital to remember that you should only be paying for the insurance you need. A lot of people don’t realise that they’re already covered. And, as such, they end up paying a lot more money for it than they should. Make sure you take a look at what cover you have already paid for (if any). Then you will know what else you need to buy, and what you don’t. Sometimes credit card companies offer insurance deals as part of their package and things like that. So, you need to check whether you already have comprehensive cover. Contact your bank and credit card company, and check with them. Only paying for the parts of your travel insurance that you actually need is the best way of reducing costs.
Where Do You Live & Where Are You Going?
It’s important to think about where you live, and where you are travelling to. These factors can affect how much you’ve got to pay for your travel insurance. For instance, if you live in a European country, and you’re travelling within Europe you will have an EHIC. You’ll find that, more often than not, the premium you pay for will be less expensive than travelling outside of Europe. Getting travel insurance in Ireland, for example, will work out more cost-effective for you. You also need to look at the social and economic situations in certain countries. These can have a big bearing on what the country is like. It can have a massive impact on what you have to pay for your insurance. So, you need to think hard about the country you want to visit before you start paying for insurance premiums.
The big advantage of living in the European Union is that we can make use of EHIC cards. These are European Health Insurance Cards (EHIC) and they provide some medical cover in Europe. You must remember that an EHIC is not a replacement for travel insurance. Instead, it is a card that allows you to get access to the best medical treatment available. You should be using it in conjunction with your travel insurance. And, by protecting yourself like this, a lot of insurers will not charge excess for medical claims. This is very useful and will come in handy if you have any sickness or injury while you’re abroad on holiday. Bear in mind that your EHIC is only applicable to countries in the European Economic Area (EEA).
Decide When to Travel
A lot of the time you might find that your premium can be affected by when you travel. Of course, where you go is also something you need to take into account. But, when you travel can also play a major role. This is because you need to consider the climate and social situations at different times of year. For instance, if you plan to travel somewhere during storm season, the likelihood of an accident is much higher. As a result, you’ll find your premium much higher than it would normally be. Take these things into account, and try to make sure you travel at the best possible time of year you can. This is a good way to make sure you cut the costs of your travel insurance for any trip you might take.
Increase Your Excess
Do you consider yourself to be a sensible and responsible person? If the answer is yes, then you might take the option of increasing your excess. When it comes to insurance, excess is the amount you are going to be expected to stump up for an insurance claim. It means that it’s the first part of the pay out that you cover yourself. The idea behind excess is to cut down on the regularity of insurance claims. But, it also helps to keep the cost of premiums lower as well. So, you need to think about paying for a larger excess. The advantage of this is that it will result in you having to pay a lower cost for the premium. It’s tricks like this that can really help you to cut back on the costs of your insurance premium.
One of the best things you can do is to go for annual cover when you take out your policy. This means that you are covered for the year. Many people see this as pointless, and would rather just buy cover for the week they are going to be away. But, supposing you want to go away again a couple of times during the year. You would then have to buy individual cover for each of those trips in turn. So, the best thing to do is to make sure you buy multi-trip travel insurance right away. That way you will find yourself covered for the entire year, and it means that you will have cover for all trips during that year. This is much more cost-effective in the long-run than buying cover for each individual holiday. So, be sure to bear this in mind, and make sure you check out how much it costs to get annual cover.
It’s important to acknowledge and understand the benefits of travel insurance. It’s estimated that up to 40% of Brits regularly travel without insurance. This is not advisable, and you need to make sure you’re more careful. Travel insurance is essential for protecting you and your property when you got abroad. You will need to decide on the type of insurance you want to get, and you’ll have to account for a lot of different things to achieve this. So, try to make sure you think about the factors that will affect your insurance. If you can account for these, you should have no problem working out ways to cut the costs of your travel insurance.