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How To Shop For Travel Insurance
Once a traveler has determined they need travel insurance, compiled a list of coverages they want to buy and knows (or can closely estimate) the nonrefundable costs of a trip, they can begin shopping for a policy.
Steps before shopping for a policy:
- Determine if you need travel insurance
- Make a list of coverages you need
- Confirm or estimate nonrefundable costs
- Shop around for a policy
With the previously mentioned information at hand, the best place to start shopping for a travel insurance policy is at one of the many comparison websites. In our study of the average cost of travel insurance in 2017, we found almost all of the travel insurance quotes from comparison websites were identical or very similar in price to the premiums quoted from insurers directly. You can also call travel insurance companies directly and they should be able to quote you a premium to insure your trip.
We also analyzed dozens of insurers and determined the best travel insurance companies for specific types of trips and travelers – this is a good place to begin choosing a company, too.
Many travel agencies and cruise lines offer travel insurance but they typically have a partnership with a specific insurer, which means you’ll only have one company or plan to choose from. Those policies are probably adequate, but shopping around for a travel insurance policy could lead to comparable coverage for a better price, or more coverage for the same price.
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