Many take five or more holidays a year, but take a break on travel insurance

17 April 2019

Two fifths (39%) of holidaymakers in the UK take three or more short breaks or holidays every year, with over a quarter (27%) of 25-34 year olds, taking five or more every year, research from Co-op Insurance can reveal¹.

Despite frequent travelling, holidaymakers are playing a travel lottery as many don’t see it necessary to buy travel insurance for these trips. Over two fifths (44%) are not taking out travel insurance to protect their getaway, with a quarter (23%) saying they don’t need insurance because they’re “not going away for that long”.

However, those not taking out insurance for this reason, are taking the same risks for short breaks as they would be for longer holidays, and could be missing out on money saving options, such as annual policies – which usually come with a higher level of cover.

Furthermore, over two fifths (41%) believe that they don’t need insurance for certain holidays/breaks because they’re not leaving the country. Whilst 35% of those who say they don’t need insurance believe that they don’t need it as they can go to the hospital for free.

Not only does this mean that these people will not have their trip covered for eventualities such as cancelling a trip due to illness or the loss or theft of items whilst away – whether in the UK or abroad – but with the uncertainty of Brexit, they could face expensive medical bills should they go abroad and find their European Health Insurance Card (EHIC) to no longer be valid.

Other reasons for not getting insurance include holidaymakers who don’t see the point of insurance (34%), and a quarter (25%) saying that they’re not doing any dangerous activities whilst away, so don’t need insurance.

Those who are going on holiday the most, and spending the most, however, are the most likely to protect their breaks away. Millennials have proven to be the generation most likely to flash the cash on holiday as those aged between 25 and 34 spend an average of £3729 when they go away – around £500 more than the typical holidaymaker*.

This age group is most concerned with protecting their holiday, with seven out of 10 (71%) taking out insurance for short breaks and holidays, compared to 45-54 year olds where under half (44%) take out insurance.

Almost half (46%) of 25-34 year olds say they like to enjoy the finer things in life when they jet off, and almost two fifths (37%) say it’s their only opportunity to relax, so don’t worry about money.

Colin Butler, Head of Travel Insurance at Co-op said:

“As the research shows, people are taking multiple short breaks a year, but worryingly, many don’t see the need to protect these getaways.

“If you’re going on multiple trips throughout the year, it’s always worth considering an annual policy as a cost-effective way of making sure you’re always covered whenever you go away, especially when we are still uncertain about the outcomes of Brexit on travel.

“It’s a possibility that in the future, those going abroad may find that they are no longer covered by an EHIC, and so having insurance in place can take away at least some uncertainties for any upcoming trips.”


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Hannah Charlton: / 07713 314 894

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Notes to editors

¹ Research was conducted among among 2,001 holidaymakers in October 2018 on behalf of the Co-op by Atomik Research
*The typical holidaymaker spends an average of £3,216 on holidays and short breaks every year, with the majority of people (63%) paying with savings.

About Co-op Travel Insurance

Co-op Travel Insurance is part of Co-op Insurance Services Limited and is underwritten by MAPFRE. Full policy details can be found here:

About Co-op Insurance:

Co-op Insurance is part of the Co-op, one of the world’s largest consumer co-ops, owned by millions of members. Alongside Co-op Insurance, we have the UK’s fifth biggest food retailer, the UK’s number one funeral services provider, and a developing legal services business.

As well as having clear financial and operational objectives, the Co-op is a recognised leader for its social goals and community-led programmes.