Travel insurance savings tips

Too many people overpay for the travel insurance they need when they vacation, typically because they are unaware of the following money-saving tips:
Buy one policy that covers the whole family
Look at getting one policy that covers the whole family, rather than buying one policy per person. Family rates are often available and are usually cheaper. As well, if you are travelling with children, look for travel insurers who will insure kids for free when a parent is insured along with them.
Buy an annual, multi-trip policy
If you’re a frequent traveller (say two or more times a year), an annual, multi-trip policy may save you money over buying a single trip policy each time you vacation. Multiple-trip policies mean that for one annual rate, you will have emergency medical travel insurance coverage for every trip you take within the year after the policy is issued. Policies for a variety of trip lengths are available too.
Watch for loyalty incentives
Some travel insurers have loyalty programs and, if eligible, may offer you a discount if you have purchased from them in the past.
Bundle your travel insurance needs
If you need more than just emergency medical coverage, like trip cancellation and interruption, and loss of luggage coverage, consider buying one all-inclusive policy that typically includes these popular travel insurance options instead of buying a standalone policy for each. If you want all three, this is usually the way to go to save money.
Shop around and compare
The one tip that likely will save you the most off your travel insurance premiums is to shop around and get quotes from competing companies. At, for example, you can get online quotes from competing insurers.