Washington, DC- According to a RBC Insurance poll, three in five (60%) Americans who have traveled outside of the country for a leisure trip in the last three years, say they never purchase travel insurance when they travel out of the country, and another 6% did so only rarely. Just one-quarter (26%) say they always (18%) or usually (8%) purchase travel insurance for trips outside of the U.S. An additional 7% say that they purchase travel insurance only occasionally. The poll was conducted by telephone to a representative sample of 1,000 adults Americans nationwide by Ipsos Public Affairs. Even fewer travelers purchase travel insurance when they are traveling at home. Just 8 percent say that they always (5%) or usually (3%) purchase travel insurance when they travel within the U.S., while more than three-quarters (77%) say that they never purchase insurance for domestic travel. The primary reason travelers say they rarely or never buy travel coverage is the belief that they don't need it (33%) or that they that don't buy it because already have coverage through work or credit cards (11%). However, the results of the survey also highlight a significant minority (37%) of travelers who admit that they do not know exactly the limitations of their insurance coverage through private health care and credit cards when traveling internationally and one-quarter (24%) are not clear about their coverage when traveling domestically. Other highlights from the survey include:
- 41% of Americans (32% of travelers) have never heard of travel insurance.
- Older Americans are more likely to have heard of travel insurance than younger Americans (45% of 18 to 34 years old; 61% of 35 to 54 years old; 67% of 55 years old and older).
- Higher income Americans are also more likely to have heard of travel insurance (40% of those with an income of $25,000 or less; 59% of those with an income between $25,000 and $50,000; 68% of those with and income of $50,000 or more).
- 58 percent of Americans say that it is important for their travel agent to explain the benefits of purchasing travel insurance (31% very important and 27% somewhat important for their travel agent to explain the benefits of purchasing travel insurance).
- Younger Americans are more likely than older Americans to think it is important for travel agents to explain the benefits of purchasing travel insurance (64% of 18 to 34 years old; 55% of 35 to 54 years old; 54% of 55 years old or older).