If you travel a few times per year, you could make huge savings by purchasing an annual multi-trip policy, rather than a single trip policy each time you travel. For one price, you can get standard or comprehensive travel insurance cover for a whole year.
With frequent traveller travel insurance, you can generally take an unlimited number of trips or travel as often as you like for up to 90 days per journey.
When trying to figure out whether to purchase single trip versus an annual trip policy it is quite self explanatory. If you travel frequently, consider an annual multi-trip policy. If you're planning a single trip and don't have any foreseeable travels coming up, then a single trip policy is likely to be the best option.
Although, it's not quite so black and white! Aside from cost, you need to consider how long you're travelling for as an annual trip policy usually has trip length restrictions. You should consider levels of cover and your planned activities. For example, if you're going on a ski holiday, you may require a specialist single ski trip policy to ensure your winter sports activities are covered or if you are planning multiple ski holidays, consider an Annual Ski Policy.
Most insurers offer worldwide cover for annual multi-trip policies and some insurers offer additional, cheaper price points that allow travellers to only pay for the cover they required. For instance someone that knows they have multiple trips planned for Australia and South Pacific only does not require worldwide cover.
Benefits of an annual policy
- You can make huge savings
- You're automatically covered for spontaneous trips
- No need to research and purchase travel insurance each time you travel
- Easily renewed, even if you're abroad
You can save yourself a lot of time and money by planning your insurance around your travel behaviour. It is important that you first take into account what you will be doing and where you will be going. In addition to comparing single against multi-trip, it's also a good idea to compare quotes, levels of cover and trip durations.