One third of UK adults say they'll go on a package holiday in 2018

One third of UK adults say they'll go on a package holiday in 2018

19 April 2018

One in ten (9%) won't buy travel insurance

One third of UK adults say they’ll go on a package holiday in 2018
• A quarter (23%) also bought their travel insurance from their holiday provider
• One in ten (9%) won’t buy any travel insurance
• 17  per cent who insure through their holiday provider say they don’t have time to look for the most competitive travel insurance deal

Research from Sainsbury’s Bank Travel Insurance (1) reveals that one third (34%) of UK adults have plans to go on a package holiday in 2018, with some already having jetted off. 15 per cent have already booked a packaged trip, a further 14 per cent are thinking about it and four per cent have already been away on one this year.

Of those who are planning, or have been on a package break, a quarter (23%) also bought their travel insurance from their holiday provider. For those aged 18-34, this rises to over a third (36%).  Worryingly one in ten of those going on a packaged break (9%) won’t buy any travel insurance for their trip. 

Karen Hogg of Sainsbury’s Bank Travel Insurance, commented: “Just because you’ve picked the ease and security of a package holiday with its many perks including airport transfers and local representatives, it doesn’t mean you can forgo travel insurance. Good quality travel insurance is imperative should you or one of your party become ill. It will also cover loss or theft of personal belongings.”

Of those who will opt for their holiday provider’s insurance package, over half (57%) do so as they trust their holiday provider and prefer to have everything done with the same company. A quarter (26%) also mention that their holiday provider was offering the most competitive rate, while.  17 per cent don’t have time to shop around and find the most competitive deal.

Karen continued: “Not all travel insurance policies are the same so shop around for the best policy for you and make sure that it covers all of your needs so you’ll have peace of mind if anything unexpected happens.”

The research found that three in ten (30%) going on a packaged trip will look around for the most competitive quote from a third party insurance company and purchase a single trip policy, a fifth (21%) purchase an annual policy from the most competitive provider each year while one in eight (13%) have an annual policy they renew each year without shopping around.

Sainsbury’s Bank offers single trip and annual multi-trip policies at different levels of cover, Silver, Gold or Platinum. Holiday makers can also choose optional add-ons such as winter sports cover.  Kids go free with single trip and annual multi-trip cover, although pre-existing medical conditions may be extra. And a 20% discount is applied when a valid Nectar card number is quoted. (2)

Ends

Notes to Editors


This press release is information for journalists only and is not intended to be a promotion to be acted upon by consumers.

For more information, please contact 0131 286 0010 or email  [email protected]

Sainsbury’s Bank Travel Insurance is underwritten by ETI International Travel Protection, the UK branch of Europäische Reiseversicherung (ERV) AG, which is registered at Companies House FC 25660, branch registration BR 007939. ERV is authorised by the Bundesanstalt für Finanzdienstleistungsaufsicht (BAFIN - www.bafin.de) and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Europäische Reiseversicherung (ERV) AG’s reference number is 220041 and registered address is Plantation Place, 30 Fenchurch Street, London, EC3M 3AJ.

Sainsbury’s Bank Travel Insurance is sold and administered by Hood Travel Limited, registered at Companies House 08318836. Hood Travel is authorised and regulated by the Financial Conduct Authority under registration number 597211. Hood Travel Limited’s registered address is at 1st Floor Maitland House, Warrior Square, Southend-on-Sea, Essex, SS1 2JY. Hood Group has more than 30 years' experience in the insurance industry, working in partnership with start-ups, consumer brands and large insurers.  Their goal is to transform insurance through innovation, with an emphasis on data and technology-driven iinsurance.

(1) Sainsbury’s Bank commissioned Opinium Research to survey 2,006 nationally representative UK adults aged 18+ between 2 – 5 March 2018. Opinium Research is a member of the British Polling Council and abides by its rules.

(2) Discount does not apply to the premium for pre-existing medical conditions and enhanced gadget cover. Offer may be altered or withdrawn at any time without prior notice and cannot be used in conjunction with any other promotion or coupon.

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Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Bank provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times. Our products consistently top best buy tables and regularly win awards for quality, price and service.

Sainsbury's Bank plc. Registered Office, 33 Holborn, London EC1N 2HT (registered in England and Wales, no 3279730) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514). Sainsbury's Bank plc is covered by the Financial Services Compensation Scheme (FSCS).