Backpackers should buy cheap travel insurance as part of money-saving plans

Backpackers are advised to seek out online travel insurance as they plan to visit far-flung corners of the world in a cost-effective way.

According to the Daily News Online, there are many ways to enjoy travel in exotic and far-fling locations around the world without having to spend huge amounts of money beforehand. For starters, many locations - such as Mexico, Asia and Costa Rica - can now be accessed by cheap flights, with many airlines trying to outdo each other on price in order to win more passengers.

Packing only the essentials makes travelling that much easier. Researching the local climate beforehand means travellers can pack only the clothes they'll need, while cheap options will also be available from local markets. Checking out a guidebook before heading off also means people will have more of an idea of where they want to go, which saves time later, while worldwide travel insurance will ensure protection of any mishaps.

Hostels offer the cheapest accommodation, although backpacker travel insurance is recommended where you may find yourself sharing a dorm with several strangers.

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