The team at MoneySavingExpert have shared the best banks that offer travel insurance for holidaymakers.
Now that many are jetting off on their holidays, airlines have seen a surge of customers with some buckling under the pressure. Travel and financial experts are urging holidaymakers to make sure they get travel insurance before they go on holiday in case they run into obstacles.
Luckily, there are a range of packaged bank account and the team at MoneySavingExpert.com, founded by Martin Lewis, have shared their top picks. But they warn that people should make sure they get the best value for money- especially if you're not travelling often.
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They add: "All of our top picks offer similar cover in terms of the insurance policies themselves, so this isn't a strict ranking. Instead we look at who's covered by the insurance, then highlight the features of each account and suggest who it could be best for.
"Do check what each account covers to make sure you pick the one that's right for your circumstances."
Here's their top picks.
Nationwide FlexPlus
What it offers
- Family mobile phone cover
- World family travel insurance (max age 69, or 70+ with a £65 per year upgrade)
- UK & European breakdown cover for account holders
How much
- £13 monthly fee (£156 per year)
- £100 or £125 bonus when you switch to Nationwide FlexPlus
- No minimum monthly pay-in
- Overdraft cost: 39.9 per cent APR variable
See full 'what the insurance covers' info.
Virgin Money Club M
What it offers
- Family mobile phone and gadget cover
- World family travel insurance (max age 75)
- UK breakdown cover for account holders
How much
- £14.50 monthly fee (£174 per year)
- 20,000 Virgin Red points when you switch to Virgin's Club M account
- No minimum monthly pay-in
- Overdraft cost: 19.9 per cent, 29.9 per cent or 39.9 per cent EAR variable
- In-credit interest: 2.02 per cnet AER variable on up to £1,000
See full 'what the insurance covers' info.
Co-op Bank Everyday Extra
What it offers
- Mobile phone cover for account holder(s)
- World family travel insurance (max age 79)
- UK & European breakdown cover for account holder(s)
What is costs
- £15 monthly fee (£180 per year)
- Up to £2.20 per month back for meeting five conditions each month
- No minimum monthly pay-in (or £800+ for cashback)
- Overdraft: 35.9 per cent EAR variable (max £60 per month)
See full 'what the insurance covers' info.
Halifax Ultimate Reward
What it offers
- Mobile phone cover for account holder(s)
- World family travel insurance (max age 70)
- UK breakdown cover for account holder(s)
- Home emergency cover
What is costs
- £17 monthly fee (£204 per year)
- £150 bonus when you switch to Halifax's Ultimate Reward
- £5 per month back (or other rewards) if you meet certain conditions
- No minimum pay-in (or £1,500+ for cashback or other rewards)
- Overdraft: £50 at 0 per cnet, then 39.9 per cent EAR variable
See full 'what the insurance covers' info.
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