Cheap Domestic Travel Insurance

Finding the right travel insurance for your next domestic holiday is essential no matter how far away from home you are. Whether you’re planning a road trip to Broken Hill or jetting over to Perth to visit family and friends, it can give you a little extra piece of mind when you’re exploring Australia if you’re concerned about cancellations, lost belongings or travel delays.

When you’re browsing your options for travel insurance, you’re bound to be keeping your eyes peeled for the cheapest policy. While the cheapest policy won’t always be the best one for you and your holiday, there are ways to reduce the cost of your insurance and save you from forking out a large sum should you need to make a claim. Some easy things you can do to find a cheap policy include:

Consider your coverage

Weigh up how much coverage you need for your holiday. While it may be tempting to pick the cheapest insurance on the market, it’s wise to choose a policy that best suits your holiday. It may eventuate that basic insurance covers what you need to a tee, or that annual or single trip policies suit your travel needs perfectly.

Compare with Savvy

Getting cheap travel insurance for your next domestic holiday comes down to comparing some of the variables that make up the policies, such as the benefits, prices and limitations. By comparing these with Savvy, you’ll be able to weigh up the advantages and disadvantages to see which products most suit your trip.

Set a higher policy excess

If you make a claim, you’ll need to pay an excess. This out-of-pocket cost is usually in the ballpark of $100 to $250 for domestic policies, but you can choose to pay a higher amount in exchange for a reduced premium. This is because insurers will reward those willing to shoulder more of the financial burden in the event of a claim, so opting for a higher excess will help you secure a cheaper domestic travel insurance policy.

Read the fine print

Make sure you brush up on each provider’s Product Disclosure Statements while you’re shopping around and getting travel insurance quotes. You may find that the policy which has drawn your eye excludes automatic coverage for certain things that are important to you, such as coverage for the excess on a hire car, which can end up costing you more.

Weigh up the limits

Insurers put caps on how much you can claim if something goes awry while you’re on holiday and you need to make a claim on your policy. For example, some may allow you to claim up to $7,500 with top-level coverage if you lose your bags, while other insurers only allow you to claim $5,000. These caps tend to vary depending on who you purchase through, so it’s worth comparing to find limits which are suitable for your travel plans.