Annual travel insurance, or multi-trip travel insurance, is a specific policy that’s designed for frequent flyers who take two or more holidays or business trips in 12 months. 12 month travel insurance costs slightly more than single trip travel insurance but it will cost significantly less overall if you take two or more holidays each year.
Annual travel insurance policies work the same as single trip policies. The significant difference between the two is that annual policies cover you for multiple trips within a 12 month period. Like single trip travel insurance, you’ll need to take out extra cover if you plan on doing any high-risk activities while you’re away.
Annual holiday insurance offers you the same level of cover as single trip travel insurance. The exact level of cover will vary depending on the type of policy you take out but the best annual travel insurance policies include:
Some providers may put a limit on how many times you can travel on an annual travel insurance policy so it’s worth checking the terms and conditions of your policy if you’re unsure.
Many policies will state that each holiday can’t exceed a certain number of days, usually 31. However, some providers will let you define this when you’re getting a quote. It may be possible for you to get an extension on the trip duration but this will depend on your age and the level of cover you want. If you need an extension, you should contact your provider but in some cases, it will be easier to take out a separate single trip policy for that specific trip.
When you’re taking out an annual travel insurance policy, you will need to ensure your policy covers the countries you’re visiting. You’ll have the choice between Europe, Worldwide (the USA, Canada and the Caribbean) or Worldwide (including the USA, Canada and the Caribbean).
Many travel insurance policies exclude cover for extreme sports and activities such as skydiving and rock climbing. If you plan on doing any high-risk activities while you’re on holiday, you’ll need to ensure that your travel insurance policy covers that specific activity. You can take out extra cover for this if necessary.
The type of cover you need depends on where you’re travelling to, why you’re travelling and who you’re travelling with. Other types of travel insurance include:
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Provider
Annual trip quote
Review Score
Medical cover limit
Single trip quote
Cancellation cover limit
£66.29
1st of 25
£40.27
2nd of 25
£68.19
3rd of 25