03 April 2018
Stay at home holidaymakers are three times more likely to risk going away without insurance than those travelling to Europe, according to a new study released today by Co-op Insurance.¹
Co-op’s new study highlights the current risks that people are taking, as three fifths (59 per cent) of adults who holiday within the UK are doing so without insurance. ²
The average Brit ‘staycates’ twice a year and a further third (30%) say they only ever holiday within the UK.
When asked why these people would take the risk of holidaying in the UK without insurance, a quarter (24 per cent) said they couldn’t see the point of a travel policy. A fifth (20 per cent) said they couldn’t afford to get cover and a further one in five (20 per cent) admitted they had simply forgotten to arrange insurance.
When looking at the age groups most likely to staycate in the UK without having any insurance, 54-65 year-olds are most likely to risk it, with three thirds (65 per cent) saying this is the case.
Whilst younger people aged 18-24 are least likely to go without protection, half (48%) still don’t bother getting travel insurance.
Colin Butler, Head of Travel Insurance at the Co-op, said:
“It’s concerning that so many people holidaying in the UK are doing so without having travel insurance in place.
“Cancellations, accidents or illnesses on holiday within the UK can cost just as much, if not more, than say a trip to Spain. For that reason, it’s really important that despite not ‘jetting off’ on holiday, people consider what insurance cover they might need.”
The Co-op’s new travel insurance product launched in January and offers three types of policies; single trip, annual / multi and backpacker insurance.
Press and Media Relations Manager
Notes to Editors
¹ Research was conducted among 2,000 UK holidaymakers by atomic research on behalf of Co-op Insurance. Research was conducted in December 2017 among UK adults who have had to claim on their travel insurance
² ABTA study conducted in 2016 among UK adults: https://abta.com/assets/uploads/general/2016_Holiday_Habits_Report.pdf
³ Co-op Travel Insurance is part of Co-op Insurance Services Limited and is underwritten by MAPFRE. Full policy details can be found here: https://www.co-opinsurance.co.uk/travel-insurance/policy-documents
About Co-op Insurance:
Co-op Insurance is part of Co-op Group, 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 Group is a recognised leader for its social goals and community-led programmes.