When making travel arrangements on a budget, every little bit of savings can feel like a victory. You want to put your money towards something fun like activities and souvenirs, not fees and insurance. It can be difficult to determine when travel insurance is worth it. Of course, it only winds up being useful when you need it (like a last-minute emergency, health issue, or any change of plans). The good news is, you may not have to pay for it.
Before making the decision to pay an extra fee for travel insurance of any kind, whether for the flight, hotel, or rental car, check with your credit card company. They may offer coverage just as a part of their regular service. If you book your trip with that card, you may not need the additional coverage.
When it comes to the rental car, check your personal auto insurance policy as well. If your credit card doesn’t include insurance, your own policy might cover you for a rental car.
These are just a few simple ways that you can save money on travel. Avoid paying additional fees and enjoy your vacation knowing that you’re covered. Just make sure you know exactly what you’re covered for. Check with your credit card and auto insurance companies to find out.
To speak to a credit counselor today about budgeting and managing your finances, call American Consumer Credit Counseling at 800-769-3571.