Travelers who choose more economical trip planning options may often look for innovative ways to save money. These may include choosing to camp out instead of stay at hotels every night, packing your own food instead of dining out, or driving instead
However you choose to save money, you may still want to consider travel insurance. Fortunately, travel insurance does not have to be expensive, and may help save your trip if an emergency occurs.
The price of a purchase can often be the deciding factor for budget travelers. However, with a purchase like travel insurance, it’s important to also pay attention to the benefits of having it, and not just the cost. (We’ll talk more about that in a moment.)
With Arch RoamRight travel insurance, there are several factors that go into calculating the cost of a policy. Those factors are:
You can easily get a quote from RoamRight.com to see how much a travel insurance policy would cost for any trips you may be planning.
If you travel several times a year, you may be interested in an annual, or multi-trip, travel insurance policy.
This type of policy provides coverage for an unlimited number of trips up to the total Trip Cost you provided, in a single year. This means you only have to purchase a policy before your first trip of the year and you will not have to purchase a policy
for additional trips taken over the next 365 days.
To see pricing on this type of policy, simply select “Annual” in the “Coverage For” dropdown when you create a quote.
If you are still hesitant to purchase even the lowest-price travel insurance policy, consider how it can help you when you are on your trip. Here are a few real-life examples of where travel insurance helped.*
Travel insurance is something that you may purchase and not need to use. In which case, we’ll be happy that your trip went smoothly as planned. However, if any travel or medical emergencies were to occur while on your trip, you may appreciate having the
protection and benefits provided by a travel insurance policy.
Because one factor that determines the price of a travel insurance policy is the cost of your trip, you may be able to save money by opting to not insure the cost of your trip. This can be done by purchasing a medical-only policy. This type of policy does NOT include pre-trip benefits, such as coverage for trip cancellation. So if you have to cancel your trip for an unforeseen reason, you will not be covered
for any pre-paid, non-refundable trip expenses.
However, you will still have on-trip coverage, for things such as emergency accident and sickness and emergency medical evacuation, as well as limited coverage for baggage, trip interruption, and others.
Ultimately, the amount of coverage you choose is up to you. You may want to review a full list of what travel insurance may cover, and you should read through the policy before you purchase. Even if you’re traveling on a budget, you may still want to consider the added protection that can be afforded to you through travel
*Coverage costs vary based on age, trip length, and benefits selected. Based on a true story. Some details have been changed for privacy.
Your bag when backpacking is heavy enough. Here's how travel insurance can help take some weight off your shoulders.
Adele DiRende is a Marketing Intern currently pursuing a
degree in Mass Communications at Towson University. Although the wallet of a
college student is not kind to those with a passion for travel, Adele has
experience in international travel to places like Italy and the UK, as well as
domestic travel around the U.S. In addition to travel, Adele enjoys
photography, music, and creative writing. Connect with her on LinkedIn.
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