Are you trying to figure out how to find cheap travel insurance that will cover you for more than one trip?
As with most things, when it comes to the cheapest annual travel insurance plans, cheaper does not always mean better. On the other hand, the most expensive travel insurance policy does not always mean that it’s the best, either. If you want to purchase inexpensive travel insurance online that will cover you on an annual basis, then the best thing that you can do is to compare cheap travel insurance policies to see what each one offers.
On a recent search on the internet, when comparing bundled travel insurance plans that covered travelers on an annual basis, the cheapest policy was found for $128 while the most expensive policy was $788. There were also a few in between. So what were their differences?
Out of the 5 plans that were compared, only 2 of them offered accidental death & dismemberment (AD&D) coverage. One of them was actually the policy for $128. It was also the only policy that offered winter sports travel insurance, although it was offered at an additional cost.
Other benefits that the cheapest annual travel insurance policy provided included trip cancellation, trip interruption, foreign and domestic terrorism, travel delay expenses (after 12 hours), baggage loss and delay, pre-existing condition waiver, 24 hour assistance, and employment layoff. There were also additional options that could be added such as rental car damage, emergency medical and dental, and repatriation coverage.
On the other hand, the most expensive policy provided baggage delay coverage, emergency medical and dental coverage, medical evacuation and repatriation, 24 hour assistance, rental car damage, travel document coverage, pet care coverage, hotel overbooking coverage, and credit card coverage.
The major differences between the two were that while the cheapest policy contained more benefits, the coverage amounts were lower than those of the most expensive policy.
Still, depending on what you need and want out of your annual policy, comparing them can definitely save you money. If you think that getting $100,000 in medical evacuation and repatriation coverage is more important to you and your travels than the trip cancellation and interruption coverage options, then you might want to go with the more expensive option.
On the other hand, if you want something that covers a little bit of everything, but doesn’t provide a lot of money or reimbursements for each individual benefit, then you might want to look for something in the middle.
It’s important to look at the amounts that are provided when you are researching your annual policy. One policy might only cover $150 in delayed baggage costs, for instance, while another might cover $500 worth of costs. These are the things that you want to look for.
While cheaper isn’t always better, it’s not always bad, either. What it comes down to is trying to keep in mind not only what you can afford, but what you need out of the policy, too.
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