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Last year in May, when I was fully vaccinated against COVID-19, one of the first things I did was re-up my annual Allianz travel insurance that covers all my travels either booked or have yet to book for one full year. That has now lapsed for a few months since I have found myself homebound all of this summer with a rather overwhelming home improvement series of projects to complete. Those are, finally, nearing their end and I have a number of trips planned to both end the year and start 2023.
Unfortunately all the shopping portals that used to offers sweet cash back offers to purchase a policy have gone away. However, I found during this quarter a way to at least get 5% off the yearly policy fee. Take a look:
Right now Discover it Card (a great no fee card I have had forever) has Paypal as one of the 5% quarterly bonus categories. Thus for the past few months I have selected my Discover it Card as the default payment option in Paypal.
Saving over $24 on my policy is a nice way to save a few bucks as I personally find the Discover it Card Paypal bonus category usually a hard one to max out when offered (compared to Grocery or Gas etc.).
Is it worth it to pay net $461 a year for travel insurance for both my wife and me? Most years I have had the policy I have had enough claims to cover either all or almost all of the yearly policy cost when things have happened like my cruise ship deciding to end at a port other than the one planned and having to pay over $200 for a taxi to the airport. Plus, having rental car insurance for cars up to $75,000 MSRP as well as emergency medical coverage is a great value to me. – René
Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of the links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Great tip! I just looked an my Allianz policy expires this August 31, inside the Discover Paypal bonus window.
I’m a bit torn though because I have two cruises booked next year, but one isn’t until October ’23. I’m debating letting my policy lapse and renewing it in October/November this year. My primary reason for the insurance is for cruises, most of my other travel is covered by CC’s or my business.
@DLPTATL – Yeah I often go a few months per year with no coverage but then as you 100% when I am sailing or flying outside the USA.
My policy lapsed this year and there were a few months *during which my family and I weren’t traveling* that we didn’t hold travel insurance. But a couple of weeks before a trip, I purchased an annual policy. Might as well get the most juice out of the squeeze. Or whatever the saying is.