InsureandGo has released new research showing that the
travel insurance offered by tour operators is the most expensive in the market.
The insurance company joins a growing chorus against the price of insurance offered by tour operators after the Financial Services Authority (FSA) announced it would begin tighter regulation of travel insurance.
According to the report carried out for
InsureandGo by Defaqto, travellers going on a family tour operator holiday of two weeks could be charged up to 190 per cent above the market average.
The research also further found that the average single trip premium from tour operators was about £15 above the market average.
For annual trip travel insurance the difference was smaller, about £6 more for those choosing insurance offered by travel operators compared to the market average.
Perry Wilson, director of insurance at InsureandGo, expressed his disagreement at the high premiums tour operators placed on their insurance, arguing it simply wasn't justified.
"Many may well offer good cover but I believe in many cases the prices they charge are far too high," he added.
For great value deals on
travel insurance from InsureandGo, check online or call for a quote.