Hey, Frequent travellers – did you know that you don’t have to purchase travel insurance each time you take off – and that you actually lose money when you do? If not, this could be a good time to compare annual travel insurance options on the market for price and convenience.

Most travel insurance companies give customers a range of options, usually including single trip or annual cover. Naturally, if you’re travelling only once in the year it would be a total waste of money to purchase annual travel insurance, but if you’re frequently taking off it’s costing you way more to purchase single trip insurance every time you go.

It’s a bit like the ‘bulk purchase’ deals around – purchase in bulk for the cheapest price. If you only want one, the bulk purchase discount is actually a waste of money, but if you need several items it can be a real money-saver.

For example, Aussie based company 1 Cover make mention that their annual travel insurance can be on average around 4 times cheaper when compared to purchasing multiple single trip policies, equating to massive savings for both pleasure and business travellers.

Compare Travel Insurance Companies as Well

As well as comparing single trip against annual cover to work out the best low cost deal, it’s also a good idea to compare travel insurance companies, as each company will have its own policy options and rates.

Companies such as Cover More Travel Insurance advertise Travel Services Provider Insolvency cover in their top range cover and include cover for hijacking, while iTrek, another Aussie company, totally focuses on providing great backpacker insurance.

What to Include on Your Comparison Check-List

Of course you want to get best value for money – and – best service and support. When comparing cheap annual travel insurance Australia travellers should keep these points in mind:

• Does the cover provide unlimited cover for emergency medical treatment? This should include hospital expenses, dental due to accident and medical evacuation.
• Does it provide cover for disruption of journey? The more you’re away, the greater the chance you’ll need to return home due to an emergency at home.

If you need to travel frequently through business, sport or special interest, or just love getting away as often as possible, when you compare annual travel insurance fees against multi single trip policies you’ll be amazed at the difference. If you’re not amazed, you’re probably buying through the wrong company.