Martin Lewis has revealed the ‘best’ time to buy travel insurance if you’re jetting off on holiday in the near future.
The money-saving guru says you need to remember buy your insurance ‘ASAB’ (as soon as booked) to get the most out of your cover.
While shopping around for the cheapest deal, Martin says it’s important to tick this off your list early because it means you’re covered for any delays during your travel too.
Speaking on This Morning, he said: “My travel insurance rule is get it ASAB, as soon as you book. People do get a little confused about this, so let’s break it down.
“if you’re getting a single trip policy, so that is a policy to cover just one holiday then what you do is as soon as you book, you go on one of the travel insurer’s website, you tell it your holiday dates and you buy the policy then.”
Providing an example, he says if you’re booking your holiday in January for August then you need to book your insurance in January too.
“That means you have the travel insurance in place to covers that holiday,” he said. “You don’t need to [cover yourself] for extra dates [in case there’s a delay at the airport] because you have your return date.
“If something delays you, so you weren’t back, that would still be covered because that delay is all part of the travel insurance.”
However, if it’s an annual policy, you need to have the policy’s start date as January to be covered for an August holiday.
Commenting on the clip, one TikTok user said: “I always get gold with insure and go. It cost me £70 and covers me for two weeks. Guys insurance is cheap; just go get it! It covers luggage, hotels, medical, repatriation, a bunch of other things that could cost thousands if I didn’t have it.”
Another user added: “Makes no sense to book an annual insurance in January when your going away in say August and Dec as you’ll only be cover until Dec where as if you book it from Aug your covered until Aug the following year.”
A third person chimed in: “Most banks give you the travel insurance covered with your account. Are you saying now we need to still book a separate travel insurance?”
One more user added: “I became seriously ill whilst in Turkey through no fault of my own and no warning which required emergency surgery, had I not had insurance it would of cost £16,000 and that was in 2008.”
While a final TikTok user said: “We usually buy annual insurance to cover a few trips. We’re looking at 2026 and 2027 holidays. When would we book insurance for those? Or would we just have to do single trip?”
