Looking for a discount on your travel insurance? Enjoy these coupon codes and deals to help you save.
If you’re planning a trip, travel insurance is an essential expense. But if you’ve already maxed out your budget booking flights, accommodation, tours and all the rest, every little bit you save helps. These travel insurance promo codes offer discounts on your travel insurance policy so you can spend less on insurance and more on your trip.
Why use travel insurance coupon codes?
Why should you use a travel insurance coupon code? Because you could save money, that’s why. We could all do with a little extra spending money on our next holiday, and using coupon codes is a simple way to save when buying travel insurance and keep more money in your own pocket.
Just by copying and pasting one of the codes above, you could enjoy substantial savings on the cost of travel insurance. Our range of travel insurance coupon codes is also constantly updated, so make sure to check back with us whenever you’re planning your next holiday for the latest deals and discounts.
How to save on travel insurance
Coupon codes aren’t the only way you can save money on travel insurance. Keep the following tips in mind to help cut the cost of your premium:
- Buy online. Travel insurance from travel agents and airlines tends to be far more expensive than insurance purchased online, simply because many travel agents and airlines charge a commission on top of the price of cover. When you use finder.com.au, you’ll pay the same as going direct.
- Choose a lower level of cover. It shouldn’t come as a surprise to find that the lower the level of travel insurance cover you choose, the cheaper your premium will be. So if the cost of cover is important to you, consider choosing a basic policy rather than comprehensive cover, and remember to remove any optional extras you don’t need.
- Consider multi-trip cover. Are you a frequent traveller? If so, buying a separate travel insurance policy for every trip you take can add up to be quite expensive. That’s why it could be worth your while considering annual multi-trip insurance, which covers all your holidays across a 12-month period and works out to be much cheaper for regular travellers.
- Purchase a joint policy. If you’re travelling with a friend or relative, it can be quite expensive if each of you purchase separate travel insurance policies. But if you pool your resources and buy a joint policy, you can enjoy significant savings.
- Adjust your excess. Many insurers allow you to choose the excess amount payable when you make a claim. By shifting to a higher excess, you can enjoy lower premiums.
- Student discounts. Students tend to travel on a tight budget, so saving a little extra money on your travel insurance cover is always welcome. With this in mind, you may want to hunt around for an insurer that offers discounted cover for student travellers.
- Senior discounts. If you’re over 55 years of age and no longer working full time, some insurers will offer discounted travel insurance for seniors. Check the fine print or contact the insurer directly to find out whether they offer any seniors discounts.
- Group discounts. Travelling as part of a group? Use your strength in numbers to negotiate a better deal on your travel insurance policy.
- Find cover for the whole family. If you’re planning a family holiday, did you know that many insurers will cover your children and other dependents travelling with you free of charge? This can help reduce the cost of cover, so check the fine print to find out whether your insurer offers cover for the whole family.
- Shop around. Last but definitely not least, make sure to shop around for the best policy. This will not only help you find the most affordable cover, but more importantly, it will allow you to choose the policy that provides the best value.
For more tips on travel insurance discounts and savings, check out our guide to reducing your travel insurance premium. Otherwise, choose the discount you want from those listed above and enjoy the savings on offer.
Traps to watch out for when looking for a deal on travel insurance
It can be easy to snatch up the policy offering the lowest premium when comparing policies but doing this could leave you drastically underinsured. Here are some key points you may want to consider when looking for value for money travel insurance:
- Benefit excess: Low cost policies may have higher excesses applied for the payment of benefits. It is important to work out what you stand to pay in excess charges prior to application.
- Deterioration: Many policies will take into consideration the “wear and tear” of items when determining the benefit that will be paid. It can be worth assessing how this will be applied on your policy.
- Exclusions on the policy: Many low cost policies have many exclusions for claim payment in place. As stated previously, it can be worth comparing the exclusions of policies prior to application.
- Documentation required: It can be helpful to get an understanding what documentation your insurer will require in order for a claim to be paid. Many insurers will require either a receipt or valuation document for some types of claims, for example.
- Limits on valuable items: Basic policies will generally only provide cover for items up to a certain value. You may want to consider registering any high-value items prior to departure to ensure adequate cover is in place.
- Activities covered: Insurer will often have a complete list of the sports and activities that they are willing to cover under the policy. Many basic policies do not provide cover for potentially risky activities. If you are going to be participating in any high-risk activities on your trip, it might be worth considering a specialist policy.
- Don’t ignore warnings in the media or from the government: Many insurers will not honour claims for events that have taken place in countries that have been recommended as no-travel areas by the government or mass media, or for claims resulting from the events warned about in travel advisories. It can be worth checking travel advisories before heading overseas, and checking whether your policy covers you there.
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