5 Top Tips to Save Money On Your Single Trip Holiday Insurance

Even for just a single trip, holiday insurance is one of the most important things to pack whenever you go abroad for any period of time. But even though you know you need it, you will, of course, want to save some money. Rather than buying the cheapest policy you can find, which may not have the cover you need, here are five ways you may be able to save money when you purchase cover.

1. Pay a Higher Excess

One of the simplest ways to save money on your premium when you buy single trip holiday insurance is to try and opt for a higher excess. The excess is the amount that you will pay yourself in the event of making a claim, and this can sometimes be altered to be higher or lower. The higher the excess, the lower the premium will typically be, so this is something you may be able to weigh up and consider.

2. Shop Around For the Best Deals

The simplest way to save some money is to compare policies online. It is easier than ever to compare various policies to see what the differences are. However, don't simply try to find the cheapest one that you can. Cover levels can vary greatly; so instead try to find the one that provides the right level of cover for you at the best price.

3. Buy a Family Policy

If you are travelling as a family, you may be able to save some money by choosing a family policy. This is not always possible, but if it is available it could save you a lot of money. Discounts are often provided if you all travel together, so always keep an eye out for this.

4. Limit Your Cover to Medical Only

Another way you may want to save money is to buy a more basic single trip holiday insurance policy. Many companies will provide two, three or even more levels of cover, and the most basic of these may simply include medical cover. If you are just concerned with having your medical costs covered, this may be a simple way to reduce your premium.

5. Buy a Multi-Trip Policy

Another option may be to consider buying a multi-trip policy instead. These will usually be more expensive, but they will cover you for more than one trip abroad. If you know that you will be travelling more than two or three times during the year, it may be worth looking into this option as it could save you money over the course of the year.

Save Money

These are just five simple ways that you may be able to save money when you buy single trip holiday insurance. By following these tips, you should be able to find a policy that has all the cover you need for less, so it is always worth spending the time on a little research.

Patrick Chong is the Managing Director of Insuremore. We provide low cost travel insurance and offer a range of policies including single trip holiday insurance, annual, multi-trip and family cover. For all your travel cover needs, Insuremore can help you in the quickest and most cost-efficient way.

Writer and Online Marketing Manager in London.