8 Tips to Save on Travel Insurance

There is one aspect that you have always to remember before starting your trip: Travel Insurance. Any health or accident issue abroad can lead to exorbitant costs.

One night in a hospital in USA can easily result in over $10,000. There are many cases where people were treated abroad and afterwards got six-digits medical bills. Obviously such issues as a stolen laptop or video camera can be quite costly as well.

We created a long list of travel insurance tips to help you to save on travel insurance! So, let's start!

1. Travel medical on your credit card: Check your credit cards - one or two may already have Travel Medical Protection, both for you and sometimes for your family members too.

2. Various credit card perks: Not sure if you need to buy a Flight Delay, Trip Interruption/Cancellation and Baggage Loss - check out your credit cards, sometimes you will be surprised what you will find.

3. Liability via Home Insurance: Thinking to buy an extra Umbrella / Liability insurance for your trip e.g. in case you hit somebody when skiing? Your Home Insurance might already have a worldwide umbrella protection - check the policy or ask your broker / insurance provider.

4. Protection for belongings: Wondering if you need to pay extra to protect some of your belongings while on a trip (e.g. expensive camera) - your home insurance might protect them as well while you are travelling and have them with you.

5. Multi-trip travel insurance: If you travel several times a year, it often makes sense to take a multi-trip insurance policy as opposed to getting every time single-trip policy.

6. Family travel insurance: If you travel as a family, it sometimes makes sense to buy a family travel insurance policy rather than buying a separate plan for each member of the family.

7. Shop around: Search, Compare, and switch insurance companies. There are many insurance providers and their price offerings for the same policies can be very different, therefore use multiple online tools and talk to several brokers since each will cover a limited number of insurance companies.

8. Burglary insurance:Some credit cards offer this kind of protection if some of your personal belongings disappear from your hotel or motel. Don't forget to pay for your trip and hotel stay with a credit card that offers this protection. Attention: your protection may extend to USA but not necessary to other countries e.g. Mexico.

How Free Auto Insurance Quotes Can Save Time And Money

There was a time when seeking an insurance quote took time and effort. In fact, most people tended to accept the terms that a well-known brokerage or company offered, and rarely bothered to check out alternative options. But the availability of free auto insurance quotes over the Internet has changed things.

Thanks to the growth and development of online insurance quotes, the task of tracking down the very best policies and lowest premiums is made faster and simpler. All applicant need do is to enter the preferences in the search box and click on. It has become that easy.

But that is not to say there are no factors to consider or issues to watch out for. In fact, given the competition that exists between insurance companies, and the range of auto insurance products to choose from, there is plenty more to contemplate.

Getting Quotes Fast

The reason that internet searches are so fast is really down to the quality of the technology that is used today. The information is very quickly processed, so that in a matter of seconds a free auto insurance quote can be provided.

It is a bit like having all the boxes ticked in a loan application, thus giving the assessor no reason to issue a rejection. The only difference here, of course, is that a quote is never rejected but simply underlines whether or not the online insurance quote given is a good one.

The reason that online quotes tend to be so good is also down to the smaller overheads online insurance companies have to deal with. So, they can afford to offer lower costing auto insurance coverage, and still make a profit.

Quotes and Coverage

It is important to understand, however, that there is no actual guarantee that a low premium means the best deal. In fact, the opposite is often proven to be the case. The availability of free auto insurance quotes means drivers have a good chance to decide to carry out a detailed assessment.

The problem is not always price, but the quality of the coverage. Remember, it is details in the insurance policy that will save money in the event of an accident, not the premium rate. For example, without fire protection, a payout in the event of the car being burned out cannot be expected.

When an online insurance quote gives a rate that looks too good to be true, it is usually because an element of the coverage has been removed. That can lead to an affordable auto insurance policy, but an inadequate degree of protection. So, payment for damage will have to come out of your own pocket.

Finding the Best Quote

The key to this is shopping online, with some time needed to invest in front of the PC screen. It is important to note that free auto insurance quotes are available from all the major companies, so it is advisable to avoid those companies that charge for their quotes.

When a comparison site is used, even more insurance options can be obtained, but be sure to make a shortlist of the best 4 or 5 quotes before studying them in greater detail. The small print can reveal hidden charges and penalties, so it is worth investigating before making a decision.

When this is done, the best possible auto insurance is almost certain to be found. A shortlist is hugely effective when trying to choose between auto insurance policies that seem to be pretty much the same. But on closer inspection, savings can be identified in each and a sounder decision can be made.

How Much Car Insurance Is Enough?

When car insurance is to be bought you start to wonder how much it's going to cost you. You obviously don't want it to cost you an arm and leg. At the same time, you don't want to be caught in the lurch without adequate funds to pay for damages when it comes to making a claim. But let's think for a minute. Car insurance doesn't have to cost you so much. It's a question of figuring out how much you need to adequately cover your assets and needs. And while you're at it, you can actually end up spending a few big bucks as well, if you're being watchful. Don't make the mistake of buying minimum coverage just to save some money. Let's take a look at ways in which you can buy adequate car insurance coverage and save some money as well:

1) When you should buy comprehensive insurance

Comprehensive coverage pays for damages caused by floods, storms, hail, theft, riot, fire, vandalism, falling trees, damaged caused by animals (example: hitting a deer). If your car hasn't been paid off yet, you might be required to carry comprehensive insurance. But if you haven't bought your car in a loan, comprehensive insurance might not be needed. You should buy comprehensive coverage if your car has a high resale value; as a way to protect your investment. Also, if you stay in an area with a high theft rate or an area where storms, thunderstorms etc, are common, you might want to consider buying comprehensive coverage for your car.

2) When you should drop collision and comprehensive car on your vehicle

As the name suggests, collision insurance pays for damages caused to your vehicle when your vehicle has a collision with another vehicle or object. As the years go by, the value of your car decreases. So when you think about it, there'll come a point somewhere down the line where the cost of fixing the damages to your car (in the event of an accident) will exceed the current value of the car. When you think about it, carrying collision and comprehensive coverage on an older car might not make a lot of sense. To find out the present value of your car, visit the Kelley Blue Book website. The website will give you an estimate for what your car is currently worth, after which you can decide whether or not you wish to carry collision and comprehensive coverage on your car.

3) Find out about the different kinds discounts offered by insurance companies

Often people are unaware of the different kinds of ways in which they could save on auto insurance. For instance, insurance companies offer different kinds of discounts such as good student discount, low mileage discount, defensive driver discount etc. These discounts benefit people of different age groups and give almost everyone a great chance to save money on car insurance. It pays to do your research well and be very sure of what kind of coverage pays for what. And while you're at it, find out about the different kinds of discounts that you might be eligible for.

Car insurance doesn't have to be tricky business. You can be adequately covered for less if you're watchful.