Earlier this month we reported that Norwich Union had conducted research which found that 51% of British holidaymakers were considering leaving travel insurance off of their list of holiday essentials this year due to the increased pressures resulting from the credit crunch(News article: ‘Scrapping travel insurance ‘isn’t worth the risk’’).

When we reported this story, we knew that we would have to bring our readers methods to cut the cost of their travel insurance, as well as reasons why it’s not wise to leave for a holiday without this cover. We thought this is especially important considering we have just entered the peak holiday season.

The Foreign Commonwealth Office (FCO) says “Don’t travel without insurance...take out adequate Travel Insurance or you could face a huge medical bill if you fall ill and need treatment”.

Norwich Union reported that in 2007, over £60m was paid out in insurance claims with the cost of the average medical claim at £1,200 and the average luggage claim at £220.

The FCO reports that it costs £35-45,000 for an air ambulance from the East coast of the USA back to the UK.

There are several ways you can cut the cost of your travel insurance and some even mean that you shouldn’t lose out on the amount of cover you receive.

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