Holidaymakers could have saved £195 million with annual travel insurance, study shows
Topic: Insurance & protection
That is according to research from Sainsbury's Bank, which found 29% of people took multiple foreign holidays last year, yet just one in three bought annual travel cover.
Figures from Consumer Intelligence show a single trip policy cost an average of £67.97 in October 2012, while a multi trip policy cost around £101.64.
As such, those enjoying two foreign breaks could have saved £34 with annual travel insurance, while those taking four holidays abroad could have pocketed savings of £170.
"Our figures suggest that close to 0.75 million people took three or more overseas holidays last year and they could have saved more than a hundred pounds each," said Scott Gorman, of Sainsbury's Bank.
Indeed, failure to take out annual travel insurance for regular foreign breaks could have cost Britons as much as a collective £195 million, the analysis showed.
Posted by David Shuker
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