Aussie travellers wasting money

Australian dollars

New research from travel insurer InsureandGo has found that nine out of 10 Australian travellers are demonstrating careless holiday habits that end up costing them money. According to InsureandGo, just 11 per cent of respondents had never been affected by one of the avoidable holiday issues.

More than 20 per cent of respondents did not take the time to compare the prices of different accommodations before booking, while nearly 40 per cent reported having exchanged money in airports where exchange rates were less than favourable. Almost 50 per cent said that they used overseas ATMs where they could potentially be subjected to up to three layers of extra fees.

Excess baggage costs, car rental excess reduction charges and paying for GPS navigation units were among the other unnecessary extras on which Australians are apparently splashing out.

“When you’re on holidays, you often want the quickest and easiest method of doing things, which can often be more costly,” said Raphael Bandeira, Managing Director of InsureandGo. “For instance, paying up to AU$40 a day to reduce the excess on your car insurance is a prime example of an unnecessary cost [which could be covered much more cheaply by travel insurance]. Other times, I think it’s due to a lack of education and understanding by Aussies about ways they can save money on travel.”