Money Guide Ireland

Travel Insurance – is one of those last minute purchases that we don’t do too much research on. Is there really that much difference in the cost of travel insurance in Ireland? Is it worth shopping around to save money?
We obtained some online quotes for a 9 day trip in Europe for a family of 5 (2 adults and 3 children aged 6, 15 and 19). Some sites allowed us to treat the 19 year old as a child if they are in full time education. Other sites made us treat them as adults.

Quotes for the single trip travel insurance cover ranged from  €30 at  Aceinsure.ie  up to €69.20 at CoverMe.ie  (They wouldn’t treat the 19 yearold as a child).
These are the prices we were quoted for single trip travel insurance. (No cover for winter sports or golf ). The most expensive we found was more than twice the price of the cheapest policy.

Aceinsure.ie  €30
Justcover  €34.24
Insurancebookers.ie  €35.80
Hibernian Aviva €36
AIB  €38
Getcover.com €60.59
Quoteme.ie  €69.20

If you think you will be going abroad more than once in the next 12 months – it is worth taking out a multitrip anual travel cover instead of buying separate insurance cover for the two trips. It will almost always work out cheaper.
We were quoted the following prices for annual travel cover.

Justcover.ie €69.50
Allianz  €71.70
Aceinsure.ie   €73
Hibernian   €80
Getcover.com €91.89
AIB €92
Insurancebookers.ie   €154.80

None of the party being insured had existing health insurance. The prices may have been lower if we had private health insurance because that would cover most of the medical costs.