How much does annual travel insurance cost?
The cost of your multi-trip insurance depends on:
- Where you’re travelling
- Who is travelling
- If you (or anyone else on the policy) have pre-existing medical conditions.
The cost of annual travel insurance will partly relate to your level of risk – the higher the risk, the more you pay. Some policies may also cost more because they include more cover.
You should expect to pay more if your multi-trip travel insurance covers you for worldwide trips – including, the US, Canada, the Caribbean and Mexico. It's cheaper to buy multi-trip insurance that just covers European countries.
Confused.com can help you find cheap annual travel insurance.
Here are the average prices1 of annual policies to popular regions around the world:
| Destination | Average annual premium1 |
|---|---|
|
UK
|
£82.32
|
|
Europe
|
£82.42
|
|
Worldwide including US, Canada and Caribbean
|
£111.21
|
|
Worldwide excluding US, Canada and Caribbean
|
£89.12
|
|
Australia/New Zealand
|
£128.21
|
1. Amounts are based on average prices of all purchases of annual travel insurance from Confused.com between 2nd May 2022 and 2nd November 2022.
Need more help?
Do I need annual travel insurance if I have an EHIC or a GHIC?
Although the UK has left the EU, you can still use your European Health Insurance Card (EHIC) if it hasn’t expired.
If you don’t have an EHIC, you can apply for its replacement, the Global Health Insurance Card (GHIC). This gives you cheaper or free state healthcare in the EU and Switzerland. You'll pay the same amount as someone living in the country would.
But the EHIC or GHIC aren’t a replacement for travel insurance. They can only help you get state-level medical treatment if you should need it. And they don’t cover cancellations or lost baggage like an annual travel insurance policy.
When should I start my annual travel insurance?
It’s up to you to decide, but your policy will start on the date that you select and last for 364 nights. So if you choose an annual multi-trip policy to start on 30th November 2022, your cover will last until the end of 29th November 2023.
This is why it’s best to start your annual travel insurance policy on the day that you buy it, just in case any of your travel or accommodation gets cancelled in the future.
Can I cancel my annual travel insurance
Yes, you can cover an annual multi-trip travel insurance policy. If you cancel within the 14-day cooling off period you should receive a full refund of any amount you’ve already paid.
Should you cancel an annual travel insurance policy outside the 14-day cooling off period, you’ll typically be refunded a reduced amount, depending on how much time is left on the policy. You may not be eligible for any refund at all if there’s six months or less left on the policy.
If you’re considering cancelling an annual travel insurance policy, you should check the policy wording to find out what refund you're entitled to.
What our travel insurance expert says
I’d consider how spontaneous your trips tend to be as buying an annual policy means you don’t have to worry about cover every time you book as it’s in place all year round!
Although please be mindful if your annual policy only covers Europe and you decide to fly off last minute to Dubai – in this instance, you will need to upgrade your policy.
Jac Morris
Travel insurance Product Executive
What are the different types of travel insurance?
Family travel insurance
means you can get one policy that covers everyone, rather than buying individual policies.
Long stay travel insurance
is the perfect policy for those who plan to travel for an extended period.
Our service is free and compares a wide range of trusted household names. Confused.com is an intermediary and receives commission from theidol.com if you decide to buy through our website which is based on a percentage of the total annual premium. We pride ourselves on impartiality and independence – therefore we don't promote any one insurance provider over another.
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