Snowbirds: Save on Your Travel Insurance by Booking Before Your Birthday!

Have you ever heard of pre-birthday savings? If you love to travel or are a Snowbird, you have a significant opportunity to save on your travel insurance that you might not be aware of yet.

Here's a tip about travel insurance that could save you significantly, all thanks to your birthday!

The Time of the Year Impacts Your Quote

First off, to grasp how the tip works, you need to understand the impact of seasonality on rates.

You might be surprised to learn that insurance rates generally increase in the fall. Insurers adjust their risk calculations at that time, considering various factors like weather conditions, accident risks, and the frequency of claims to determine the cost of your insurance.

Risk Increases with Age

As you get older, the cost of your travel insurance may rise. This is because, typically, you are more likely to encounter health issues over time, leading to increased insurance costs.

Understanding Age Brackets

For Snowbirds or travellers, understanding the impact of age brackets on pricing insurance policies is essential. As you celebrate another birthday, premiums tend to increase, often showing adjustments every five years after thresholds such as 60, 65, or 70 years.

Understanding these age-related price variations can significantly help you predict cost changes and enable you to adapt your insurance plans accordingly. This ensures that your coverage remains tailored to your evolving needs over time.

Don't Let Age Brackets Affect You

At soNomad, we do things differently! We don't put you in age groups like other companies. We calculate your insurance precisely based on your age, giving you more choices and ensuring you pay a fair price.

So how can this save you money? It's simple: getting your insurance before your birthday can save you quite a bit of money.

For example, if you're a Canadian Snowbird and you often travel abroad for extended periods, it can be worth it. You're already spending a lot of money on travel each year, so saving on your travel insurance can make a big difference.

How to Benefit from Pre-Birthday Savings?

It's simple, just call soNomad before your birthday, ideally a few days or even weeks in advance, to lock in the rate for your travel insurance. 

By taking this proactive step, you can fully enjoy the potential savings offered by this clever strategy.

This step can save you considerably on your insurance fees, allowing you to maximize your travel budget for your upcoming adventures.

Develop Good Habits

Every year, remember to book your travel insurance before your birthday. Make it a habit to mark a date in your calendar a few days or weeks before your birthday.

By adopting this simple yet effective annual resolution, you can ensure that you're always ahead to take advantage of the potential savings offered by this tip.

Inform Your Insurance Provider of Any Changes in Your Health Status

It's important to remain transparent with your insurer. If your health changes before your trip, inform your travel insurance company immediately. Failure to do so could result in reduced protection or even the loss of your insurance coverage.

In other words, getting your insurance early doesn't mean your health status is fixed for insurance purposes. If your health changes (for example, a change in medication, the onset of certain symptoms, or the confirmation of a suspected medical condition), you must inform your insurance company so that your policy can be reassessed and your premium adjusted if necessary.

Remember: Not informing the insurance company of health changes can result in reduced coverage or total cancellation.

When Celebrating Rhymes with Saving

Before your birthday, give yourself the ultimate gift by booking your travel insurance for the next year and save even more! By anticipating the purchase of your travel insurance before blowing out your next birthday candles, you can save while ensuring coverage tailored to your needs.

Want to save now on your travel insurance with soNomad? Freeze your travel insurance rate with just a $25 deposit per policy!