Don’t be thrown off guard by a cheap travel insurance price

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Posted by Hunter Lane-Poole on Jan 23, 2012

Many people are thrown off guard by the cheap prices of travel insurance, but its important not to be. If youve done your research and selected a travel insurance plan that delivers the coverage you need and the price is reasonable, even cheap, it just means youve qualified for a good rate.

Travel insurance can be quite comprehensive for the price.

For example, if two travelers from Kansas, ages 32 and 36 find a great package deal on a week in Scotland for $3,000, they can have comprehensive travel insurance coverage for just $154 more. We ran these trip details through our travel insurance comparison tool and found a Travel Select plan from Travelex that includes:

  • 100% trip cancellation
  • 150% trip interruption
  • $50,000 per person primary emergency medical
  • $500,000 per person emergency medical evacuation
  • $750 per person travel delay
  • $250 per person baggage

Thats a lot of coverage for the price. And this particular plan covers terrorism, financial default, loss of employment, missed connections and more. Of course, this is just one trip example and one travel insurance example, and every trip and every traveler is different. You can always see plan and pricing information with our travel insurance comparison tool by entering your basic trip details, and clicking go.

Our cheap travel insurance recommendations

  1. We recommend choosing an amount of travel medical coverage based on an assessment of your travel medical needs.
  2. We also recommend not over-spending on your travel insurance plan. See our 5 Rules for Saving Money on your Travel Insurance Plan for details.

And dont worry if you initially purchase the wrong policy - travel insurance plans come with a review period of 10-14 days and during that time, you can make changes to your plan and even cancel it (for a small fee).

 




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Tags: Price, Travel Insurance