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Annual Travel Insurance Policy

I received my annual renewal policy today for £1561.95 inc Tax. This included disclosed existing medical conditions such as BP etc for myself and my wife

After using the comparison sites I found I can take new policy out with the same disclosures, cancellation costs etc for £686.00

That is a saving of £875.00 year on year.

Comments

Comments

  • Woodstok2000
    Woodstok2000 Posts: 1,069 Forumite
    1,000 Posts Second Anniversary Name Dropper

    Good saving, well done.

  • MyRealNameToo
    MyRealNameToo Posts: 3,953 Forumite
    1,000 Posts Name Dropper

    Firstly make sure its like for like, its easy to make a travel insurance policy cheaper by cutting back the ccverages it offers or stricter terms. That said not everyone needs a gold plated policy and lower cover isnt necessarily a bad thing.

    Price walking isnt banned in travel insurance, yet, so new business quotes are often heavily discounted so not surprising a new business quote is cheaper than a renewal .

  • Ms_Chocaholic
    Ms_Chocaholic Posts: 13,448 Forumite
    Part of the Furniture 10,000 Posts Name Dropper

    What's BP? Blood pressure or bipolar? If the latter then that is a good price.

    Thrifty Till 50 Then Spend Till the End
    You can please some of the people some of the time, all of the people some of the time, some of the people all of the time but you can never please all of the people all of the time
  • TELLIT01
    TELLIT01 Posts: 18,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper PPI Party Pooper

    It shows the importance of shopping around for the best price/cover balance, and not just assuming your current insurance is always going to be the best value.

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