NEW DATA FROM PREMIER TRAVEL INSURANCE COMPARISON SITE INSUREMYTRIP.COM SHOWS CONSERVATIVE TRAVEL IS THE NEW NORMALJun 30th, 2009
WARWICK, RI, June 30, 2009—Travel consumers have become conservative consumers reports InsureMyTrip.com, the leading online travel insurance comparison site. Citing data from a Q1 ’08 vs. Q1 ’09 sales analysis, the travel insurance aggregator notes several new statistics that indicate travelers are taking a more measured, thoughtful approach to travel planning.
The data clearly points to:
- Shorter vacations: While all travel is down in 2009, extended holidays of two to four weeks saw the largest decline at nearly 15%.
- Cost-conscious travel: The number of trips costing more than $2,000 fell by 25%. Overall, average trip costs decreased 12%.
- Compressed planning: Travel insurance consumers are purchasing coverage closer to their departure date. On average, insurance is now purchased 62 days before departure, a decrease of 11%.
- Longer stays, more protection: In a separate InsureMyTrip survey, customers noted insuring 68% of trips lasting eight days or more, whereas 30% of week-long trips and just 18% of weekend trips were protected.
“Given the tough economic climate, it stands to reason that travelers are taking more precautionary measures,” notes Jim Grace, President and CEO of InsureMyTrip.com. “Money is tight for a lot of people right now and job security is a concern for some. Taking less costly, shorter vacations, holding out for super-saver deals, and making sure that any travels are protected with travel insurance, are practical strategies for dealing with the new ‘normal’ of travel today. We are encouraged to see that people are in fact getting back to traveling and that travel insurance is now a ‘must have’.”
One of the best and easiest ways to ‘save’ money on travel is to protect your trips with travel insurance. “Start by shopping around,” advises Grace. Everyone’s travel needs are different, but InsureMyTrip.com offers all the leading U.S. travel insurance companies on one site so you can do side-by-side comparisons of policies and prices quickly and easily. “Travel insurance is your best defense against many of the most common risks affecting travel today,” adds Grace, “and the wide variety of available plan choices enables you to select the plan that best fits your budget and travel needs.”
InsureMyTrip.com also offers personal customer assistance seven days a week, 365 days a year. To learn more about invaluable peace of mind protection plans, call (800) 487-4722 to speak with a licensed insurance Customer Care representative or visit www.insuremytrip.com today. The Customer Care team is available by phone and online Monday through Friday 7 AM to Midnight, Saturday 9 AM to 6 PM and Sunday 11 AM to 6 PM ET.
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Established in 2000, InsureMyTrip.com is the leading, consumer-oriented online travel insurance aggregator worldwide. Featuring insurance comparisons from the top industry providers, InsureMyTrip.com is a unique, one-stop resource designed to meet consumers’ comprehensive travel insurance needs all in a secure environment. InsureMyTrip.com also specializes in providing integrated technology solutions for the travel insurance industry, with over 2,000 private-labeled and co-branded travel-related websites around the globe. InsureMyTrip.com is headquartered in Warwick, RI with additional offices and data centers in Connecticut and Oregon.