Men take more travel risks than women and buy more trip insurance, survey finds

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A survey from Berkshire Hathaway Travel Protection finds that while men are more likely to take risks when it comes to travel in the age of Covid-19, they're also more likely to hedge their bets by buying travel insurance.

Men were also more than twice as likely to say they'd take risks in general when traveling, at 48%, compared to just 20% of women. That said, the insurer also found that men were actually much more likely to say news of disease outbreaks or violence would affect plans to travel to a chosen destination.

Six years of travel surveys have demonstrated that women "tend to be more prudent and sensible travelers than men," said Carol Mueller, vice president of strategic marketing at Berkshire Hathaway Travel Protection. However, "that doesn't necessarily translate into women buying more travel insurance because they're more prudent," she added.When it comes to insuring trips, men are, in fact, more likely to buy policies, according to the company. More than 46% of men insured all of the trips they took in 2020, compared to just over 25% of women. Only 34.6% of men insured no trips, compared to 49.5% of women.

Among travelers of both genders who did buy travel insurance, just 24% of men cited fear of disease outbreaks as a reason to insure, compared to 38% of women. The top reason women gave for buying travel insurance was to cover flight delays and cancellations, while men said travel insurance saves time and money. Men tend to spend more on travel, with just 48% of men spending under $5,000 total on travel this year, compared to 70% of women.

 

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