8 Easy Steps To Get Cheap Travel Insurance the Best way

2. Purchase Early

Buying travel insurance well ahead of your trip can save you significant money compared to waiting until closer to your departure date. Aim to purchase a policy around 2-3 weeks in advance. The cost of insurance rises substantially in the days or even weeks leading up to your trip. This is because insurance companies assume less risk when you buy a policy early on. For instance, a $150 policy for a $5,000 trip could be purchased 6 months ahead of departure, while the same policy might cost $150 more if bought just 1 week before the trip. To ensure you get the best price, mark your calendar to shop for travel insurance as soon as you have booked your flights and accommodations.