Multi Trip Travel Insurance – Where is the Best Place to Buy It?

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Multi Trip Travel Insurance

Multi trip travel insurance is becoming a more popular and more cost-effective way of buying travel insurance. Most policies provide 12 months cover so they are also commonly known as annual travel insurance policies. So, where is the best place to buy this type of insurance? Let’s take a look at some of the more popular options.

Bank

Many people will head straight for their local bank when they want travel insurance. Although banks can be as competitive on price as insurance companies now, you will still often pay a premium for their cover. However, many banks offer customers free or discounted travel insurance as part of their overall banking package so it is worth having a good look at what they can offer. Often the extent of their cover will include the rest of your family including children under 18.

Insurance Company

The obvious place to go for your multi trip travel insurance and particularly the companies that specialise in travel insurance, and there are plenty of these around. By shopping around and obtaining quotations that you then use to play one company off against the other you should be able to get a great deal. Not only that you will generally get a professional level of advice from them about what type and level of cover is right for you.

Insurance Broker

Virtually all insurance companies will sell their policies through brokers as well as directly. By using a broker, because of the discounts they receive from the insurance company and the level of competition between brokers, you can often pay less for the policy than if you went direct to the company itself for the same policy. You should also get quality advice if the broker is a travel specialist.

Travel Agents

Buying your multi trip travel insurance at the same time as paying for your vacation or holiday is very  convenient, but few travel agents will provide as cost-effective a deal as a specialist broker or company, and the level of insurance knowledge is likely to be lower also. Also there will be a poor choice of policies to choose from.

Multi Trip Travel Insurance At the Airport

This is NOT a good place to buy travel insurance. I have seen so many people buying travel insurance at the airport just minutes before boarding their plane which just adds to the stress involved in the journey. With just a little preparation this could have been prevented by buying the travel insurance well beforehand. Of course, if you haven’t bought it already you will need to buy at the airport, but be prepared to pay an extortionate price compared to what you will pay elsewhere. Don’t blame the airports, they’re just responding to a need and pricing accordingly! Another word of advice – if you are forced to buy at the airport, because of the price loading, just get a single trip policy, then get an annual multi trip policy when you return home.

So, there are plenty of places to choose from. But whatever you do, make your initial search using the internet. This will enable you to get a really good feel for what is available and lead you to the best deals for multi trip travel insurance with the widest cover and best prices.