Travellers could find themselves paying double if they don’t shop around before buying a travel insurance policy, recent Mozo data analysis shows.
By comparing travel insurance you can save up to $621, which could instead go towards your holiday budget.
“Rushing into a travel insurance policy without shopping around can be a very costly mistake and set holiday budgets back by hundreds of dollars,” says Claire Frawley, Personal Finance and Insurance Expert at Mozo.
Obviously, the cost of travel insurance varies by destination as shown in the table below. But if you do your research and compare travel insurance policies, you could save big bucks.
Compared to 2019, the cost of travel insurance has increased by 57%, Mozo data has revealed. But if you consider the rising cost of travel since nations began opening their borders, it’s not surprising that the cost of living crisis has also impacted travel insurance policy costs.
Frawley says it’s more important now than ever to ensure you’re covered before stepping onto a plane. With COVID still causing mayhem and flight cancellations becoming more common, it could be good to have insurance to protect you from any potential unforeseen mishaps.
Travel insurance tips and tricks
Everyone is keen to travel. Below we’ve provided some tips and tricks to help you find travel insurance that meets your needs:
- Compare policies to help ensure you get the best value cover.
- Read the fine print to help to make sure your policy covers all your holiday plans.
- Know where you stand if you catch Covid and you have to pay for an extended stay, cancel your flight or quarantine.
- Stay on top of any local Government advice and regulations
If you’re looking to get some travel insurance, get started with 2022 Mozo’s Experts Choice Travel Insurance Award winners which recognises providers who beat their competitors in offering great value and quality travel insurance. Alternatively, you can start comparing travel insurance policies below.
^See information about the Mozo Experts Choice Travel Insurance Awards
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While we pride ourselves on covering a wide range of products, we don’t cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
