Annual travel insurance is largely the same as a standard travel insurance policy. The main difference is that your cover lasts for 12 months and covers you for any trips you decide to take during that period.
Before you start comparing quotes, there are a few things you need to consider, including:
Once you decide a start date for your annual policy, you'll have cover in place for the next 365 days and will be covered if you need to make a claim. Don't worry - if you change your mind about your policy, you've got a 14-day cooling off period. This allows you to get a full refund of whatever you've already paid.
The main benefits of an annual travel insurance policy are:
There are some cases where a multi-trip policy may not be the right option for you, including:
Here are the cheapest prices of annual multi-trip policies to popular destinations:
| Destination | Cheapest annual premium1 |
|---|---|
|
UK
|
£9.45
|
|
Europe
|
£9.45
|
|
Worldwide including US, Canada and Caribbean
|
£29.80
|
|
Worldwide excluding US, Canada and Caribbean
|
£18.60
|
|
Australia/New Zealand
|
£18.60
|
1. The cheapest annual premiums by worldwide destinations (based on 1 adult aged 30, with no previous medical conditions travelling for up to 1 year). Prices correct on the 15/08/2023.
The cost of your multi-trip insurance depends on:
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 travelling to the US, Canada, the Caribbean and Mexico. It's cheaper to buy multi-trip insurance that just covers European countries.
As part of your annual policy, you can expect the following to be covered:
You can also get cover for:
Some insurers offer cover for trips lasting 45, 60 or even 90 days at a time too. To find out how long you are covered for, check the small print on your yearly travel insurance policy.
"If you've got a few holidays planned in the next year, or are likely to jet off for some last minute sun, then an annual travel policy is a great way to make sure you're covered without having to worry about buying insurance at the last minute.
It's important to remember that if you buy an annual policy that only covers Europe and you decide to travel to somewhere like the US, you'll need to upgrade your policy."
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.
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 that country would.
means you can get one policy that covers everyone, rather than buying individual policies.
is the perfect policy for those who plan to travel for an extended period.
Page last reviewed: 18 August 2023
Reviewed by: Matthew Harwood
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