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InsureandGo highlights ‘extortionate’ tour operator insurance
Another travel insurance company has highlighted the ‘extortionate’ prices charged by tour operators for travel insurance.
InsureandGo has unveiled research which its claims shows tour operators have the most expensive travel insurance premiums in the market.
It says the research found the average single trip premium from tour operators is £69.44, compared to the £54.84 average for the market and the £33.03 average premium from the 25% most competitive providers.
For annual trip travel insurance, it claims tour operators are charging £129.07, compared to the £123.03 average for the market and £71.67 for the 25% most competitive insurers.
Perry Wilson, director at InsureandGo, said: “I cannot see how tour operators and travel agents can justify their premiums. Many may well offer good cover but I believe in many cases the prices they charge are far too high.”
Its research, carried out by Defaqto in February 2007, also compared the price of insurance for 17 days to Europe for a family of two adults and two children, aged eight and 10. The results were as follows:
Airtours Gold Cover £89.99 (123% above market average)
First Choice Single Trip Travel £95.96 (138% above)
JMC Classic Travel Insurance £116.96 (190% above)
Manos Holidays Gold Travel Insurance £84 (109% above)
InsureandGo Bronze £26.27 (35% below)
InsureandGo Gold £39.18 (3% below)
Market average £40.28
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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