Does Your Low Cost Travel Insurance Have High Value Benefits?

It is easy to associate low cost travel insurance with reduced benefits and value. Fortunately this is not necessarily the case if you choose insurers and packages that suit your individual needs.

But first there are two absolutes you cannot neglect no matter how much you are trying to save on your cover. You must have adequate hospital, medical and dental cover underwritten by a well-known, internationally recognised company. For overseas travel you must also have comprehensive medical and emergency evacuation cover in place. These two aspects are bottom-line critical.

One of the best, though little known, ways of making quite massive savings is by purchasing your cover through a travel insurance company direct, and not through the travel agent. This will result in an extremely low cost insurance rate of up to 66% cheaper.

Purchasing online insurance can, depending on the company, result in a further 10% reduction in policy costs. A number of companies now have secure, reliable online facilities.

There are more ways you can benefit from low cost health insurance rates through purchasing plans to suit your individual needs. But be sure that whatever the cover you choose you are adequately protected. These options include but are not exclusive to:

Annual Multi Trip, which covers you worldwide for 90 days for each trip, includes loads of activities, can include the whole family for up to one year and children travel free. Sporting or other clubs can gain great savings from group insurance.

Backpacker Insurance covers you for the vital health insurance basics but may also include lost or stolen baggage, documents, cards and cheques for a travelling period of up to 12 months. If you’re willing to take some risks this package offers big savings.

Medical Only health care insurance provides you with the essentials but none of the bells and whistles, which may well suit your circumstances. You do receive medical, hospital and dental and medical evacuation, and the cover lasts a full 12 months.

Another point to consider - if you are intending hiring a vehicle or motorbike you can also pick up low cost auto insurance. While travelling overseas ensure you have a valid international driver’s licence.

The world of travel insurance is quite competitive for the customer’s business, which has resulted in some great low cost travel insurance deals for those who take the time to compare insurance companies. But realise that there is a limit. If the costs are too low then the infrastructure simply cannot exist to support you when you need it most.