Holidaymakers are paying £120 too much for travel insurance by buying from agents, Churchill Insurance has found.
The insurer highlights the fact that a third of Britons buy insurance cover from travel agents rather than examining their options first.
If everyone shopped around rather than simply taking the insurance offered by agents consumers could save £1.2 billion across the industry.
"This time of year is a bargain hunter's paradise and travellers will be able to make huge savings on their holidays. Shoppers should not stop at the cost of a holiday as they could make significant savings on their insurance too, by avoiding travel agents' fees and booking direct," said Paul Whymark, head of travel insurance at Churchill Insurance.To investigate your travel insurance options, click here.
© DeHavilland Information Services plc