Cutting Travel Insurance Costs

8 Ways To Save On Travel Insurance: The Ultimate Guide

Are you planning to travel? Travel Insurance can save you hundreds of dollars if something goes wrong while you’re on your vacation but you don’t have to spend lots just to cover this, you can save more to add it up on your travel budget!

In case you’re wondering,

There are ways to cut down on your travel insurance costs and still be fully covered abroad! However, it is important when looking into this type of protection to consider all of your options before committing – getting ripped off would not only cost you money now but may also affect what you can afford later.

Shop Around For Quotes

There are much different travel insurance plan providers1. Some offer better rates than others, even if they do not have the best reputation.

So when you shop around for quotes, make sure that you consider all of your options and choose what works best for you!

Keep in mind

Look into other types of coverage instead of travel insurance to cut down on costs. The most common type is medical evacuation, but there are things like baggage protection or trip cancellation as well!

Consider these when looking at how much money you need to spend to feel safe traveling abroad.

If something happens while you’re abroad, it may be costly without travel insurance – but with it? It’s a small number that will give you peace of mind during your travels and potentially save your life.

A good travel company should give you some different options when it comes to your specific needs

Avoid Travel Agents

Avoid travel websites and agents that offer low prices for a travel insurance policy. You’ll get a lot of coverage from them, but in the end, they’re not as helpful if something goes wrong.

You see:

Some agents are not traveling insurance experts and don’t educate themselves on the topic. This is the safety we’re talking about!

Buy Online

Buying travel insurance on the Internet is a great way to cut costs. There are many different policies, and you can shop around for what’s suitable for your needs, budget, destination country, etc.

Let’s take a closer look:

Choose carefully

Look at companies that offer discounts or benefits (like free rental car coverage) if they’re included in your policy. Discounts for families, seniors, and travel nurses are also available.

Don’t forget your pets!

If you’re traveling with a pet, make sure to purchase additional coverage if necessary at the time of booking or before leaving on vacation. You’ll want to make an extra effort in this area because some companies will offer discounts for those who buy their pet insurance in advance.

Know your coverage limits

It’s not a good idea to buy travel insurance that exceeds the cost of your trip, but you’ll want enough coverage for emergencies and medical needs while abroad. If you have any pre-existing conditions or if there are things like chronic diseases which could flare up when you’re away from home.

Save With An Annual Policy

If you’re a frequent traveler, taking the time to buy an annual policy can save you hundreds of dollars in both upfront and monthly costs.

Use your credit card if possible.

It gets better:

Many travel insurance providers offer discounts or perks for those who have specific types of credit cards.

Check with your provider before purchasing to see if this will be beneficial for you. If not, it may still be worth applying for these cards after buying travel insurance just so that you’ll get the benefits in other areas like rewards points!

Only Get The Cover You Need

Travel insurance is expensive, and it’s tempting to buy everything just in case. However, you may not need every type of coverage or even want to pay for the higher price if it won’t matter as much to you when traveling outside your home country.

So figure out what will be helpful for you before purchasing a policy!

Avoid Paying Twice

You may have to pay for your travel policy with a credit card and then buy an additional one from the same company if you want it in case of an emergency.

This can be too much money! It’s best to find out what type of coverage they offer before buying either so that you avoid paying twice. You also don’t have travel insurance for both medical and emergencies.

Get a Family Policy

Save on individual policies for your spouse, kids, and parents. In addition, some travel insurance companies offer a discount if you purchase multi-trip coverage before buying the first trip; this is worth looking into!

Remember Your GHIC

Please bring your membership card2 when you travel and show it to your insurance provider.

The good news?

GHIC members are eligible for discounted rates on travel medical coverage through the GHIC Travel Medical Insurance Plans, which can be as much as 30% off regular premiums. 

Common Questions

How Much Should I Expect To Pay For Travel Insurance?

Can I Met My Money Back When I Cancel My Flight?

When is The Best Time To Buy Travel Insurance?

What Does Travel Insurance Typically Include?

In Conclusion

In a nutshell,

You should purchase travel insurance that suits your needs. 

Many travel options and new plans are coming out every day, so it’s worth doing some research to find the best plan for you.

If you find one that’s more expensive than your current plan, remember to check the benefits package and whether it suits your needs.


Your Journey to Financial Success Starts Here