ST. PETERSBURG, FL January 11, 2013 – According to Squaremouth, America’s fastest growing travel insurance comparison site, Travel Insured International of East Hartford, CT. is the top selling travel insurance provider of 2012.
What is Squaremouth?
Squaremouth is a website that compares travel insurance products from every major U.S. travel insurance provider. Established in 2006, the company has grown 900% from $1 million in sales to $10 million in 2012. Squaremouth provides an unbiased platform where each product sells based on coverage benefits rather than brand recognition.
What is in this report?
This report includes data compiled from sales from 21 U.S. travel insurance providers. Because the Squaremouth platform does not favor one provider over another, it offers an unbiased detailed overview of the products available in the travel insurance industry. This data can be relied upon to be a snapshot of the entire U.S. direct to consumer travel insurance market as it is not influenced by each providers agency network.
“The Squaremouth platform provides a level playing field,” says Chris Harvey, CEO of Squaremouth. “All products are presented equally. Customers buy based on the benefits of each policy and the value it offers them.”
Top 5 U.S. Travel Insurance Providers in Overall Market Sales for 2012
1 – Travel Insured International – 19.23% of overall market with an average premium of $268.99
2 – CSA Travel Protection – 13.97% of overall market with an average premium of $251.27
3 – Travelex – 12.14% of overall market with an average premium of $183.69
4 – Seven Corners Inc – 11.83% of overall market with an average premium of $166.81
5 – Global Alert – 6.83% of overall market with an average premium of $312.03
Significant Travel Insurance Market Findings
– Squaremouth sales have increased by 900% since 2006
– The overall cost of travel insurance increased nearly 1% since 2006
– Policy cost increased from $182.91 in 2006 to $276.42 in 2012 for products including trip cancellation coverage. This increase is mainly due to the average trip cost increasing from $3,742.73 to $4,970.70.
– 60-70 year old travelers are the largest market, buying 22.66% of travel insurance in 2012
Squaremouth is America’s fastest-growing travel insurance comparison site, providing the tools to instantly quote, compare and buy policies from every major provider. The company is headquartered in St. Petersburg, FL, with offices in Fort Wayne, IN. For more information on Squaremouth or its extensive network of partner sites worldwide, visit www.squaremouth.com.
About our Zero Complaint Guarantee
The cornerstone of Squaremouth’s commitment to customers is the guarantee to remove any provider with a customer complaint that cannot be resolved to Squaremouth’s satisfaction. Squaremouth offers the broadest selection of insurance, with an emphasis on quality, follow-up care, and independent evaluations from insurance industry watchdog, AM Best.
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