Travel insurance costly with agents
20 May 2009 14:43
Purchasing travel insurance from travel agents will leave consumers out of pocket, according to a leading price comparison site.
Confused.com has suggested that travellers could be paying as much as 500 per cent more for their insurance premiums with holiday providers and advised them to shop around for a better deal.
This is despite the fact that 40 per cent of all travel insurance policies were sold by agents in 2008, according to the market intelligence firm Datamonitor.
Steve Williams, head of travel insurance at Confused.com, explained that insurance is a "must-have" for any trip abroad.
He said: "Even if consumers choose to purchase their holiday through a travel agent, they should not feel obligated to take their travel insurance out with them too."
Earlier this month, the introduction of the government's Equity Bill ensured that the over-65s will continue to pay more for their travel insurance.