Saturday, November 7, 2009, 3:00PM ET - Canadian Markets Closed.
Have you ever noticed when booking a vacation you’re almost always offered the opportunity to buy travel insurance? It doesn’t matter if you’re buying direct from the airline or through an online travel agent, you can easily tack on the price of the travel insurance premium to your trip purchase. It sure is convenient but is it a good deal? A quick comparison of a leading financial institution, airline and online travel agent shows that often you’re paying a hefty premium for this convenience.
Take a look at the range in prices found for a basic emergency medical plan* with similar coverage for a single traveler under age 30, travelling for 7 days to the US:
• $13.00 at online quote comparison service kanetix.ca
• $24.00 at a Canadian financial institution
• $26.00 through a major airline, and
• $26.25 at an online travel agent
If you take a look at family plans, the difference in price is even more startling. Prices for coverage for a family of four (2 adults over age 30 and 2 children under 16) taking a 7-day trip to a US destination can be found for:
• $24.00 through kanetix.ca
• $48.00 through the financial institution
• $104.00 through the airline
• $105 through the online travel agent
In no time, you can shop, compare and save
Thanks to the Internet, you can easily uncover the price discrepancies, for similar products, to see how much you’re actually paying for that so-called opportunity.
Why pay more than you have to? Because, if it’s about convenience and ease in getting covered, you’ve got better options for getting the travel insurance you need at a better price.
See if you can cut your travel insurance premium in half by comparing and buying travel insurance using the kanetix.ca travel insurance shopping service today.
*The basic medical plan, and corresponding rate, was pulled from the websites of a major Canadian financial institution, airline, online travel agent, and kanetix.ca -an online quote comparison service. In each case, the lowest price is published and is accurate as of March 26, 2008, but may be subject to change at any time.
Rates provided by 
| Mortgages Type | Rate |
|---|---|
| 1-yr Closed | 3.59% |
| 3-yr Closed | 4.22% |
| 5-yr Closed | 5.07% |
| GICs Type | Rate |
|---|---|
| 1-yr Annual | 0.98% |
| 3-yr Annual | 2.16% |
| 5-yr Annual | 2.80% |
| RRSP Type | Rate |
|---|---|
| 1-yr | 0.97% |
| 3-yr | 2.13% |
| 5-yr | 2.78% |
Quotes and other information may be supplied by independent providers. All information is provided on an “AS IS” basis, for informational purposes only, and is not intended for trading purposes, advice or planning. It would be unreasonable for you to make any trade without first consulting an authorized financial advisor and verifying the accuracy of all information. Yahoo! and its independent providers do not warrant the accuracy, completeness or timeliness of any information provided herein, and expressly disclaim any and all liability for any decisions made in reliance thereon. The information is not an endorsement or recommendation by Yahoo! of any trade, even where the information relates to Yahoo!. Notwithstanding anything herein, Yahoo! does not hold itself out as an advisor or planner of financial services of any kind. By accessing the Yahoo! site, you agree not to redistribute the information found herein, and to be otherwise bound by the Yahoo! Terms of Service.