Save on Travel Insurance

5 Simple ways to save on travel insurance

We all love to save a dollar or two; especially prior to travelling so we can spend more whilst on our well-deserved holiday. So here are some tips on how you can save on travel insurance, without skimping on cover.

1. Increase your excesses:

An excess is the amount you have to pay when you make a claim, so if you increasing or double your excesses, it will reduce the price of your premium.  However, this is something you should only consider if you're confident you can cover your excesses later in case you need to make a claim.

2. Opt for multi-trip packages:

Are you one of the lucky few planning to travel multiple times throughout the year?

If so, a combined annual multi-trip travel insurance package is probably ideal for you. This will provide you with continual cover for your trips and can save you lots, since you won't have to buy a brand new policy every time you need to travel. Many insurers offer different cover options depending on the duration of your trips, so be sure to always read the PDS to ensure you purchase the right cover for you.

3. Look for discounts and compare value:

Discounts and promotions are one of the best ways to save on travel insurance! Keep an eye out for coupons and codes for your chosen travel insurance providers or sign up to their newsletters and follow them on social media to gain access to specific customer deals.

In addition, it is a good exercise to get an understanding of what inclusions travel insurers offer at no extra expense such as included activity and sports cover, free cover for kids travelling with grandparents and couple/family discounts.

4. Be honest:

If you are dishonest while applying for travel insurance to reduce premium costs and end up making a claim, the insurance company will discover any deceit. As a result, claims will be automatically rejected, so it is definitely not a smart way to save money.

5. Don't under-insure:

Under-insuring your holiday is one of the most common ways that travellers attempt to save but end up losing money. Make sure you're covered for all your destinations and activities. If you make a claim and discover you're not covered, you will have to pay the costs out of your own pocket, which can sometimes be in the thousands when overseas.

As you can see, there is a smart way to save on your insurance without skimping on cover. As a rule of thumb, when looking for travel insurance, you should make sure that you will be covered for:

  • The destination/s you will be visiting
  • Your general level of risk depending on what you will be doing on your trip
  • Luggage and baggage items
  • Any additional valuables you decide to bring
  • Your planned activities and sports while away
  • Your specific needs, such as age or pre-existing medical conditions

Who are we?

InsureandGo is one of the world's largest online travel insurance companies and globally covers over 1.6 million travellers every year. In Australia, InsureandGo is the 2015 CANSTAR award-winner for 'Outstanding Value' for their international travel insurance product. InsureandGo specialise in a number of policies to cover different types of holidays including Cruise, Seniors and family travel insurance, plus all medical conditions are considered online or over the phone at: