Tips for Getting Cheaper Travel Insurance Cover

When buying single trip insurance, most people want to get the best value they can while always ensuring they have enough cover in place. There are many ways that you may be able to cut the costs of a good policy, so here are a just few you may want to consider.

1. Compare Policies

One of the simplest ways to potentially reduce the cost of your single trip insurance is to compare different policies. You can do this by either visiting the websites of providers or by visiting a comparison site. By doing this, you can quickly find out which company has the best value for money, and it can be especially useful when you find two policies that are identical in the cover they provide but where one is cheaper than the other.

2. Choose Between Single-Trip and Multi-Trip

In some situations, single trip insurance will be the most cost-effective option, especially when you are just going away on one or two trips a year. However, if you are going to be travelling numerous times during the year, you may want to compare the cost of a multi-trip policy. If you travel three or more times a year, it could work out more cost effective to take out annual cover, so do your sums and work out the best option for you.

3. Get a Basic Policy

You can often cut the cost of a policy by simply opting for more basic cover. For example, rather than getting a policy that includes cancellation, personal belongings, missed departure and more, you can simply purchase a policy that covers your healthcare and medical repatriation costs, which are likely to be the most significant costs you will face. However, if you do this, always make sure that you are happy with the reduced level of cover and that you are aware of the events that you will not be covered for.

4. Increase the Excess You Pay on Claims

Some providers may allow you to increase the amount of excess you pay on each claim in exchange for a lower premium, so you may want to consider this. However, remember that excess is often charged per event, and you could end up having to pay the excess a number of times if you make various claims, which can soon add up.

5. Get an EHIC

If you apply for a free EHIC (European Health Insurance Card) it is unlikely to get you any reduction on the premium, however, if you require medical assistance and you use your EHIC, your insurer may waive the excess.

Cut the Costs

These are just a few ideas for how you can reduce the costs of single trip insurance when you go abroad. The most important thing to remember, however, is to get cover that is suitable for your situation. Don't just go with the cheapest you can find if it does not provide the cover that you need. It is always worth spending a bit more and getting the appropriate level of cover for peace of mind.