Tips to lower your travel insurance premium

When you travel abroad, it helps to have a travel insurance policy. Travel insurance offers many layers of protection and wholesomely covers your trip. You pay a small premium for a large cover and this proves to be very beneficial.

Top 6 tips to lower your travel insurance premium

There are some ways in which you can lower the premium of travel insurance. Read on to know what they are.

1. Don't rely on last-minute purchases

It is possible to buy travel insurance at the last minute, as you can do so online with just the click of a few buttons. However, do not leave this for the last minute, as you may end up paying more.

Get travel insurance as soon as you plan your holiday. Then, you will have the time to go through the available options, analyse the covers and find the most affordable plan. Buying in a hurry may not permit you to do so, and you will end up paying more.

2. Choose the cover carefully

Take your time when buying travel insurance. Choose a suitable coverage that offers the exact benefits you need.

Do not go for a travel insurance coverage that has extra covers which you might not need, since it would surely be more expensive. Look for the basic covers to keep your trip adequately secure.

3. Opt for group coverage

You can include several people in a single travel insurance policy. If you are going on a family vacation, get a common policy for yourself, your spouse, your kids and your parents. This will help you save money as individual travel insurance coverage for each family member will be much more expensive.

4. Look for multi-trip options

Multi-trip travel insurance is quite popular. Here, you buy travel insurance for a fixed duration of time, and all the trips made during this period are covered. So, if you are a frequent traveller, this kind of coverage will be beneficial and economical at the same time.

5. Choose the options carefully

When planning your holiday, you might encounter multiple options that are irrelevant to your specific travel itinerary. So, do your own due diligence and choose the options relevant to your specific travel plans. Do not opt for covers that you will never need. Excluding those could be a smart way to reduce the overall premium.

6. Be honest

Fill out the application form yourself and mention all material facts pertaining to your pre-existing health conditions, restrictions, etc. Not disclosing any historic health condition could lead to claim repudiation due to suppression of material facts. This would, in turn, raise your out-of-pocket expenses in case of a claim. So, it makes sense, to be honest about your health condition and choose an appropriate cover so that the travel insurance plan can be utilized effectively in case of any medical emergency.

The bottom line

Keep the points mentioned above in mind before you buy travel insurance. Get the ideal policy and secure your trip for a happy and hassle-free journey and stay. Zurich Kotak General Insurance offer some excellent plans, so choose wisely to get the best coverage at the best rate.