How 2024 Travel Costs Could Affect Your Travel Plans

Are you in the process of determining your summer travel budget? If so, we have some good news and some bad news.

The good news is, airfares continue to fall according to a recent NerdWallet report. Also, car rental prices are down compared to the same time last year.

And now the bad news. That same report basically says that all other travel costs are up, including food, hotels, movies, theaters, excursions, events, etc.

So, how can you ensure your travel budget goes as far as possible? Here are some helpful tips.

The bottom line is this: If you take a trip in 2024, you’re going to spend a sizeable amount of money. There’s really no way around it.

With so much cash on the line, you need a way to hedge against the potential of losing it. For example, what happens if your destination is suddenly considered a war zone? Or, what if you get COVID-19 just prior to departure? In both those scenarios, you won’t likely go on your trip, and normally any non-refundable expenses already paid would simply be lost unless you have travel insurance in place.

Travel insurance is crucial to protecting your travel budget, says Dan Drennen, Director of Sales and Marketing at Travel Insurance Center^®.  “That kind of protection provides peace of mind, which is so important considering the alternative – fear, and anxiety about potentially losing your travel budget.”

But how do you go about getting travel insurance? And once you get it, how do you know it’s a plan that fits your specific needs and budget? There are so many insurance carriers and most of these have multiple plan options.

It can be overwhelming. That’s why Dan strongly recommends going through a knowledgeable travel insurance agent, like those working with him at Travel Insurance Center.

Travel Insurance Center does the research needed to locate suitable travel insurance options, tailored to meet your specific coverage needs. Drennen adds, “We’re licensed and qualified to help you find suitable travel insurance. We put your needs first, giving you confidence that any coverage purchased is in your best interest and based on your specific needs and budget.”

Some of Travel Insurance Center’s travel insurance solutions include:*

• Coronavirus-Friendly Plans
  Coronavirus-friendly travel insurance can provide a way to hedge against financial risk related to travel during the pandemic. Coverage may include costs connected with travel delays, emergency medical and evacuation, trip cancelation and interruption, and the like. Despite these uncertain times, you can schedule trips with confidence because of the financial protection available through these plans.


• Trip Cancellation / Comprehensive Packaged Plans
  Comprehensive travel protection plans including Trip Cancellation, Trip Interruption, Emergency Medical, Emergency Evacuation, Travel Delay, Baggage Protection, Baggage Delay, and more.


• Travel Medical/International Medical Insurance
  Travel Medical Insurance reimburses you for emergency medical expenses incurred when you are traveling or living in a foreign country.


• Emergency Medical Evacuation
  Travel Medical Insurance reimburses you for emergency medical expenses incurred when you are traveling or living in a foreign country.


• Accidental Death & Dismemberment Insurance
  Travel Medical Insurance reimburses you for emergency medical expenses incurred when you are traveling or living in a foreign country.


• Global Risk Insurance
  Travel Medical Insurance reimburses you for emergency medical expenses incurred when you are traveling or living in a foreign country.


• Annual Multi-Trip Insurance
  Travel Medical Insurance reimburses you for emergency medical expenses incurred when you are traveling or living in a foreign country.


• Group Insurance
  Travel Medical Insurance reimburses you for emergency medical expenses incurred when you are traveling or living in a foreign country.

Are you enthused about taking a summer trip? Are you ready to protect your travel investment? Call 1.866.979.6753 or complete this form to get a no-cost, no-obligation quote.

*Do contact Travel Insurance Center at 1.866.979.6753 for a more complete rundown of product benefits, features, limits and exclusions.

Travel Insurance Center is operated by Senior Market Sales LLC, a licensed insurance marketing organization. Insurance services provided by Senior Market Sales LLC. This is a solicitation.