According to GoCompare Travel Insurance, 55% of travel insurance buyers now select 4- or 5-star Defaqto rated policies. This is up from 45% 12 months ago.

GoCompare Travel Insurance said the move to higher rated cover had increased average travel insurance premiums by 7.4% year on year.

Sally Jaques, spokesperson for GoCompare Travel Insurance, said the jump in premium was good value. She commented: “You can’t blame people for wanting the best travel cover they can get at the moment, and our figures show that holiday makers are turning to the more comprehensive travel insurance plans, but they aren’t necessarily paying that much more for the added peace of mind.”

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