8 Easy Steps To Get Cheap Travel Insurance the Best way

5. Raise Your Deductible Amount

A deductible is the amount you pay out-of-pocket before the insurance kicks in. You can often save money on travel insurance by choosing a higher deductible (up to $1,000 or more). The higher the deductible, the lower the total cost of the policy. As with other types of insurance, increasing the deductible reduces your premiums. While it’s important to consider your risk tolerance, raising the deductible can be an easy way to reduce costs.