Comparing 6 Month Travel Insurance Prices: Finding the Best Deal
Travel insurance provides peace of mind when travelling overseas, especially when considering unforeseen circumstances such as lost baggage, trip cancellations and medical emergencies. But with so many options available, how can travellers compare and find the best travel insurance deals?
In this article, we’ll explore the factors to consider when comparing six-month travel insurance prices and finding the best deal.
Factors to Consider
When comparing travel insurance prices, it’s important to consider the factors that could affect coverage and overall costs.
1. Level of Coverage
The level of coverage required for a six-month travel insurance policy will depend on the individual’s needs and circumstances. Factors such as age, medical history, length of trip and destination will all impact the level of coverage required.
2. Policy Inclusions
Check if the policy includes common inclusions such as emergency medical expenses, lost luggage, trip cancellation and personal liability coverage. The more inclusions, the better the policy.
3. Policy Exclusions
Policies may have exclusions such as adventure sports, certain pre-existing conditions or high-risk destinations. Ensure exclusions are reviewed before selecting a policy.
4. Excess Fees
Check the excess fees that apply to the policy. While a lower excess fee will generally mean higher policy premiums, it can save money in the event of a claim.
Ways to Find the Best Deal
Once the factors have been considered, there are certain ways travellers can find the best six-month travel insurance deal.
1. Shop Around
The most basic way to find a good deal on travel insurance is to shop around and compare prices. Use online comparison tools, read reviews and don’t settle for the first quote.
2. Multi-Trip Coverage
If travelling regularly, consider multi-trip coverage instead of single-trip coverage, this is often more cost-effective.
3. Membership Discounts
Membership discounts offered through organisations such as motoring, financial or travel groups can provide significant savings.
4. Deductibles
Increasing the deductible amount can result in lower premiums. However, bear in mind that this means paying a larger amount if a claim is made.
Examples of Best Deals
The following are examples of the best deals for six-month travel insurance as of May 2021 based on a 25-year-old traveller:
1. American Express – $386.06
2. Southern Cross Travel Insurance – $359.83
3. World Nomads – $567.78
It’s important to note that these premiums are based on a standard coverage package and don’t include any optional extras.
Conclusion
Comparing six-month travel insurance prices and finding the best deal requires careful consideration of several factors. By shopping around, checking policy inclusions and exclusions, and membership discounts, travellers can find the most cost-effective and comprehensive policy for their needs. With this knowledge, travellers can explore the world with peace of mind knowing they are covered in the event of an emergency.
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