Variation in costs of Annual policy, how to choose?

Andypandyboy

I have just done a comparison online for an Annual Multi trip policy and prices for a couple, worldwide ranged from £30 to £130 or higher.

Checking out the terms didn't help me decide as there isn't much between them.

How can the variation be so great and how do you choose?

None of the cheaper ones are well known but is that a factor?

forgotmyname

Its only a factor when you need to claim. That is when you find out if you got a good deal with a company that handled your claim promptly and efficiently.

Or if your many months down the line with no settlement and just nightmares at every turn.

Andypandyboy

I agree, but does a higher price indicate a better company? I am not sure, so what is a separator?

forgotmyname

No, a higher price does not equal a better company. It may be high because your not their target customer. But at the price quoted your worth a risk.

All you can do is google reviews and think all the positive ones are spam and all the negative ones need to be taken with a pinch of salt and you wont be far wrong.

Pay your money and cross your fingers. Sticking to the well known companies is usually a safe bet. But even the best get it wrong sometimes. You just hope they dont get yours wrong.

dacouch

Andypandyboy wrote: »

I agree, but does a higher price indicate a better company? I am not sure, so what is a separator?

There will be big differences in the cheaper and more expensive policies.

Cheaper policies will normally have bigger excesses.

One of the major issues would be the cheaper policies tend to apply an excess for a claim to each member of your family. So if you claim for say cancellation you may pay 4 x £100 excess

Some of them will also use the above and apply the excess to each part of the claim. So if say you had a claim