Cheap travel insurance isn't always your best option.
With all the travel insurance options available, it's tempting to avoid the comparisons and just buy the cheapest product available, but as Mum used to say - you get what you pay for, so cheapest isn't always best.
If you're struggling to decide what's right for you, there are a few things to look for:
1) Honesty. There are some companies out there that present themselves as Insurers, when they actually are not. If you are buying a company that says they are "direct", you should read the fine print. Usually they are a distributor (like us) trying to present themselves as an insurance company to create a false impression of size.
2) Financial Backing. It doesn't matter whether you're buying insurance for your travel, car, home or life - every insurance policy on the market has to have a thing called a "Financial Services Guide", that outlines who is the insurer. All insurance companies will have to meet certain financial strength guidelines, but there are some that are more consistently present in Australia.
3) Presentation. It doesn't matter if you're buying insurance or pineapples, if the website looks 'dodgy', don't buy. If a company can't afford (or doesn't care) to put on its best clothes in order to win your business, then you should be concerned about what other corners they might have cut to deliver a low price.
4) Product. Sorry, but you should always read the Product Disclosure Statement and go through the product benefits. If you're shopping for the right blend of price and benefit, you need to consider what aspects of coverage are most important to you, and compare the different suppliers. For example, some products will have a maximum cap on medical coverage, for a slightly lower overall price. That might sound tempting, but consider your needs. If you are travelling to the USA, where you can easily spend $50,000 a day in hospital critical care - you do NOT want a policy that limits maximum coverage.
Insurance products can be quite complicated, but don't be intimidated.
All you need is your dates of travel, each traveller’s age and your chosen destinations and we’ll provide you with a range of cover options to choose from.
Simply Travel Insurance is designed to offer you great options for a great price. We strive to make your choices as simple as possible, so you can focus on the fun part, travel.
Our policies are split into simple categories to fit different styles of travel.
Let us take the stress out of your next trip. Purchase a Simply Travel Insurance policy to be covered instantly for a range of benefits.
Enjoy the peace of mind of knowing your policy is underwritten by certain underwriters at Lloyd's.