Travel insurance is one of those things most of us buy at the last minute, often from the first company we think of. But prices for similar cover can vary widely between insurers, and a quick travel insurance price comparison can save tens or even hundreds of shekels – especially for families. Here is how to do it and what to look out for.
Why compare travel insurance?
Whether you are going on holiday, a business trip or a family visit abroad, travel insurance is essential. A medical emergency overseas can cost a fortune, and lost luggage or a cancelled flight can quickly ruin a trip. Because each insurer prices risk differently, the same traveller can receive very different quotes. The rule of thumb is simple: get at least three quotes before you buy. You can compare travel insurance prices across companies online, ask friends for recommendations, or speak to an insurance agent.
How a travel insurance comparison works
Comparison services do the market research for you. Most offer:
- An online comparison between insurers, showing prices side by side.
- Clear information on types of cover, exclusions and optional extras.
- Telephone support to help you choose the right policy for your needs.
The goal is not just the lowest price, but the right cover for your trip. A ski holiday, for example, needs a policy that covers winter sports, while a trekking trip may need cover for adventure activities.
How much does travel insurance cost?
A basic policy usually costs a few tens of shekels per day of travel, but the price depends on several factors:
- Age: older travellers generally pay more.
- Medical history: pre-existing conditions may raise the price or need special cover.
- Destination: cover for the United States, where medical care is very expensive, usually costs more.
- Length of trip: the more days, the higher the premium.
- Extras: cover for winter sports, electronics, pregnancy or trip cancellation adds to the cost.
What to check before you buy
- Medical cover limits: make sure they are high enough for your destination.
- Pre-existing conditions: declare them honestly, or a claim may be rejected.
- Luggage and electronics: check the limits per item.
- Cancellation and delays: see whether these are included or optional – our guide to flight cancellation insurance explains the options.
- Your credit card: some cards include basic travel insurance, but cover is often limited.
The bottom line
Comparing travel insurance takes only a few minutes, and the savings can be significant, especially when several family members are travelling. For more ways to save, read our cheap travel insurance tips and how to save on travel insurance without losing cover.
