Travel Insurance Price Comparison

It’s getting close to summer holiday time again – and one thing people often forget or neglect to buy is travel insurance.  Travel insurance usually covers other things such as medical expenses , personal accidents, delays, cancellations, baggage loss etc.

We have done a quick travel insurance price comparison from insurers in Ireland.  It is well worth shopping around to save money and to make sure you get adequate cover.


Note: Bank of Ireland give pretty good free worldwide multitrip travel insurance with their Platinum Credit Card   You just need to pay for at least 50% of the trip with the BOI card to be eligible.

BOI also have an AER Credit Card that costs €7.99 a month (€95.88 a year) – and it comes with inclusive family worldwide multi-trip travel insurance and the offer of 2 free Aer Lingus flights in Europe when you spend over €5000 on the card . You also get 1 Avios point for every €1 you spend on Aer Lingus products and services. And 1 Avios for every €4 you spend on all other transactions.

BOI also provide a free basic travel insurance policy with their  Student Credit Card. It still covers up to €1 million in medical expenses and €1000 for cancellation.  It is valid for trips of up to 120 days – which is good for students on a long trip during the summer holidays.


Tip:  Buy your travel insurance as soon as you book your holiday – that way you are covered straight away if you have to cancel the trip because of illness etc.


We obtained some online quotes for annual multi-trip worldwide travel iinsurance for a family group  of 4 (2 adults under 60 and 2 children under 17)   in April 2018. The family did not have private health insurance.

The insurance quotes we obtained  were for Irish residents and all included cover for cancellation, missed departure, baggage loss, personal belongings as well as medical cover. The differences in price were substantial. You need to consider things such as why would you need cancellation cover of up to €7000 if the holiday has only cost you €2000 ?

AA Value policy was the cheapest price at just €67.49
This policy included cover of up to

  • €1500  for cancellation or curtailment
  • €1500 for lost baggage and passport
  • €500 for missed departure
  • €15,000 Personal Accident
  • €3 million Medical expenses.
  • Standard excess of €150 .
  • Max trip duration 31 days (365 day duration available to under 45s)

 


Other Prices :

AA Essential  Cover €85.49
Getcover.ie Standard Policy  €88.74
123.ie Bronze Cover €97.22
Getcover Premium €104.79
AA Extra  €109.49
123.ie Silver €136.11
123.ie Gold €155.55


AA Essential Policy – would cost €85.49 –   and will give a bit more cover in all areas.

  • €3500  for cancellation or curtailment
  • €2000 for lost baggage and passport
  • €800 for missed departure
  • €25,000 Personal Accident
  • €5 million Medical expenses.
  • Standard excess of €75 .

Getcover Standard (€88.74) includes

  • €3000  for cancellation or curtailment
  • €2500 for lost baggage and passport
  • €700 for missed departure
  • €15,000 Personal Accident
  • €10 million Medical expenses.
  • Standard excess of €150 .
  • Maximum  trip duration 31 days

123.ie policy  Gold cover  (€155.55)

  • €7000  for cancellation or curtailment
  • €3000 for lost baggage and passport
  • €1000 for missed departure
  • €35,000 Personal Accident
  • €10 million Medical expenses.
  • Standard excess of €75 .
  • Max trip duration 45 days

All prices were quoted  online by the provider’s websites on April 29th 2018


Important Tip – Don’t forget to declare any existing conditions when buying travel insurance. The insurance company won’t payout if you make a claim because of a condition you already had before you bought travel insurance.


Bank of Ireland’s free multi-trip travel insurance with their Platinum Credit Card includes cover of up to : –

  • €2500  for cancellation or curtailment
  • €2500 for lost baggage and passport
  • €1000 for missed departure
  • €200,000 Personal Accident
  • €6.4 million Medical expenses.
  • Standard excess of €75 .
  • Max trip duration 90 days

It covers the Cardholder, their spouse or partner and all children aged under 23.

In our opinion – this provides adequate insurance cover for most people – unless you are booking some luxury trip costing more than €3000. It provides better coverage than some of the other providers in certain areas  – for example, the personal accident cover is much higher than the others.



N26
– the new online bank – also have free travel insurance included with their N26 You Mastercard . Insurance is provided by Allianz and includes up to €150,000 medical cover and free medical return flights plus €7500 cancellation cover and more.The card has a €9.90 per month fee  (€118.80 a year) –  but it also comes with “fee-free” ATM withdrawals of foreign currency and also no fees on non-Euro card purchases.   (The trip must be paid for in full with the N26 Black Mastercard in order to be covered by the insurance.)


EHIC

Some free medical cover within Europe will be provided by having a European Health Insurance Card  (EHIC) – but this on it’s own will not cover all medical costs in all situations.  Travel insurance typically covers at least €3 million of medical costs. More about the EHIC herecheapest travel insurance

If you are planning on buying US Dollars before you travel – have a look at our page on the best place to buy US Dollars in Ireland

Also – check out our information on spending on cards when abroad.