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Best Annual Travel Insurance in 2024

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If you’re a frequent traveler, annual travel insurance may be something you’ve been considering. Unlike single-trip insurance, annual travel insurance plans can cover you for an entire year, no matter how often you’re on the road.

Let’s look at the best yearly travel insurance companies, why we choose them and the coverage you can expect.

Factors we considered when picking travel insurance companies

We used the following criteria when choosing which companies we thought were best:

Cost . Annual plans can be expensive — depending on the type of coverage you choose — so we wanted ensure that they stayed affordable. 

Types of coverage . Travel insurance for annual travelers can be limited in its coverage. We picked the ones with the broadest range of coverage for possible travel disruptions.

Coverage amounts . Annual trip insurance isn’t worth much if your limits are too low. Instead, we wanted plans with reasonable coverage amounts. 

Customizability . If your travels take you to different places, you’ll want the ability to customize your plan. The best annual travel insurance plans can provide this. 

» Learn more: What does travel insurance cover?

An overview of the best annual travel insurance

We gathered quotes from various travel insurance companies to determine the best annual travel insurance policies. In these examples, we used a year-long trip by a 22-year-old from Alabama. We indicated the main countries of travel as France and Malaysia, and when asked, put the total trip costs at $6,000.

The average cost for an annual travel insurance plan came out to $220. The plans ranged from $138-$386.

Let’s take a closer look at our top recommendations for annual travel insurance.

1. Allianz Travel

What makes Allianz travel insurance great:

Lower than average cost.

Provides health care and travel insurance benefits.

Includes rental car insurance up to $45,000. 

Here’s a snippet from our Allianz Travel insurance review :

“AllTrips Basic (annual plan) is suitable for those who would like emergency medical coverage while abroad but don't need trip cancellation and interruption benefits. The AllTrips Prime, Executive and Premier plans provide an entire year of comprehensive travel insurance benefits.

The Executive and Premier plans offer various levels of trip cancellation and interruption benefits. The Executive plan is specifically designed for business travelers since it offers protection for business equipment.”

2. Seven Corners

What makes Seven Corners great:

Offers up to $20,000 for acute coverage of pre-existing conditions. 

Includes up to $1 million for emergency medical evacuation. 

Optional add-on for adventure sport activities.

$0 deductible available. 

Here’s a snippet from our Seven Corners review :

“Seven Corners offers one annual policy called Travel Medical Annual Multi-Trip. The policy can be customized depending on how long you plan to be away from home for any one trip. You can travel as much as you like during the 364 days, so long as any one trip doesn’t exceed the option selected — 30, 45 or 60 days.”

What makes IMG great:

Good customizability with medical evacuations and sports coverage. 

Low $250 deductible.

Includes coverage for semi-private hospital rooms. 

Here’s a snippet from our IMG review:

“Some policies provide emergency medical evacuation coverage, while others skip this benefit entirely. This benefit may be more important to you if you travel to a remote location or engage in physical activity such as trekking.

More comprehensive plans may include other benefits such as assistance with acquiring a new passport, reimbursing reward mile redeposit fees or coverage for pre-existing conditions. If these are something you’re interested in, be sure to check that your policy includes these options.”

4. Trawick International

What makes Trawick International great:

100% coverage for trip cancellation and trip interruption. 

Emergency medical evacuation included. 

Trip delay reimbursement coverage. 

Here’s a snippet from our Trawick International review :

“Trawick International is a comprehensive travel insurance provider that offers trip delay and cancellation insurance, baggage delay coverage, medical coverage and medical evacuation, rental car damage protection, and even COVID-19 coverage among its various policies.

Trawick covers trips for worldwide destinations, including for foreign nationals coming to the U.S.”

What does travel insurance cover?

You’ll find a wide variety of coverage types offered by travel insurance policies. This is true whether you're purchasing a single-trip or annual travel insurance plan. Here are some common types you can expect to find:

Accidental death insurance .

Baggage delay and lost luggage insurance .

Cancel for Any Reason insurance .

Emergency evacuation insurance .

Medical insurance .

Rental car insurance .

Trip cancellation insurance .

Trip interruption insurance .

How to choose the best annual travel insurance policy

While we’ve highlighted some of the best annual travel insurance companies, the truth is that the best plan for you isn’t going to be the best plan for someone else. If you’re interested in buying annual travel insurance, you’ll want to collect a variety of quotes to see which policy best fits your needs.

This may mean opting for a plan that covers pre-existing conditions or one that specifically includes high-risk activities. Or, if you’re in a country where health care is notoriously expensive, you may want to choose a policy with higher maximums.

Many credit cards come with complimentary travel insurance .

Whatever the case, do your research first and review all the plan details before making your purchase.

» Learn more: How to find the best travel insurance

If you want to buy annual travel insurance

Annual travel insurance can be a great option if you’re often out of town. With such a wide range of policies available, selecting a plan that fits your needs is easy. We’ve done some of the work for you by choosing the best annual travel insurance companies, all of which made the top of the list for their cost, customizability, types of coverage and plan maximums.

Like any travel insurance policy, the cost of your plan is going to vary. Factors that may affect the cost of your annual travel insurance include your age, where you’re going, how long you’ll be traveling, your policy maximums and whether preexisting conditions are included.

Although not all travel insurance providers offer annual travel insurance, many of them do. We’ve gathered together the five best, including Allianz Travel, World Nomads, Seven Corners, IMG and Trawick International.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

on Chase's website

1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.

1x-5x 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.

1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.

50,000 Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.

U.S. News takes an unbiased approach to our recommendations. When you use our links to buy products, we may earn a commission but that in no way affects our editorial independence.

The 5 Best Annual Travel Insurance Plans of 2024

Allianz Travel Insurance »

AIG Travel Guard »

Seven Corners »

GeoBlue »

Trawick International »

Why Trust Us

U.S. News evaluates ratings, data and scores of more than 50 travel insurance companies from comparison websites like TravelInsurance.com, Squaremouth and InsureMyTrip, plus renowned credit rating agency AM Best, in addition to reviews and recommendations from top travel industry sources and consumers to determine the Best Annual Travel Insurance Plans.

Table of Contents

• Allianz Travel Insurance
• AIG Travel Guard

Buying travel insurance can be a smart move for most trips, but those who travel more than a few times a year should consider an annual travel insurance policy. Whether you regularly travel for business and/or take several vacations a year, annual travel insurance plans can help you get the coverage you need without having to price out and purchase protection every time you leave home.

If you find yourself in a situation where an annual plan makes sense, know that not all travel insurance companies offer this kind of coverage. You'll also want to consider the available annual travel insurance plans to see which options make sense for your travel style and the level of coverage you want.

Frequently Asked Questions

Annual travel insurance plans all work in their own way, but the majority let travelers pay one annual premium for coverage that lasts for up to 364 days. These plans often limit the length of individual trips that are covered within the coverage year. Per-trip and annual limits on coverage can also apply.

In some cases, annual travel insurance plans require a deductible or coinsurance for certain types of coverage. If you're considering an annual travel insurance plan because you take multiple trips each year, make sure you read over the policy details and understand all coverage limits and trip limits that apply.

The cost of annual travel insurance typically varies based on factors like the age of the travelers applying, included benefits and coverage limits. You will want to shop around to compare plans across multiple providers using a platform like TravelInsurance.com or Squaremouth before you settle on a travel insurance policy.

To provide an example of the cost of annual travel insurance, U.S. News applied for a quote for two 40-year-old travelers seeking coverage for eight trips over a 12-month period. The Squaremouth travel insurance portal quoted policies with costs that range from $206 for the GeoBlue Trekker Essential plan to $610 for the Safe Travels Annual Deluxe plan by Trawick International.

Annual travel insurance can be worth it if you take multiple trips each year and want to make sure you always have coverage in place. After all, the alternative to having a multitrip policy is buying a new travel insurance plan for every vacation you take. That's not always feasible for frequent travelers who are always jetting off somewhere new – often at the last minute.

Just keep in mind that annual travel insurance plans tend to come with lower coverage limits than plans for single trips, and that you'll pay a premium for coverage that comes with comprehensive benefits and high limits for medical expenses and emergency evacuation.

• Allianz Travel Insurance: Best Overall
• AIG Travel Guard: Best for Basic Coverage
• Seven Corners: Best for Medical
• GeoBlue: Best for Expats
• Trawick International: Best for the Cost

Tailor your annual travel insurance plan to your needs

Most plans include coverage for trip cancellation and interruption, travel delays, medical expenses, and more

Lowest-tier plans (AllTrips Basic and AllTrips Prime) come with no or relatively low coverage limits for trip cancellation

Most annual plans (except for AllTrips Premier) do not cover trips longer than 45 days

• Trip cancellation coverage worth up to between $2,000 and $15,000
• Trip interruption coverage worth up to between $2,000 and $15,000
• Emergency medical coverage worth up to $50,000
• Up to $500,000 in emergency medical transportation coverage
• Up to $2,000 in coverage for lost or damaged baggage
• Up to $2,000 in coverage for baggage delays
• Travel delay coverage worth up to $1,500 ($300 daily limit)
• Rental car coverage worth up to $45,000
• Up to $50,000 in travel accident coverage
• 24-hour hotline assistance and concierge service

Annual Travel Insurance Plan offers year-round travel insurance protection

Relatively high limits for medical expenses ($50,000) and emergency evacuation ($500,000)

No trip cancellation coverage and relatively low limit ($2,500) for trip interruption coverage

No coverage for preexisting medical conditions

• Up to $2,500 in coverage for trip interruption
• Up to $1,500 in coverage for trip delays of five-plus hours ($150 per day limit)
• Missed connection coverage worth up to $500
• Up to $2,500 in baggage insurance
• Baggage delay coverage worth up to $1,000 for delays of at least 12 hours.
• Up to $50,000 for emergency medical expenses ($500 for emergency dental sublimit)
• Up to $500,000 for emergency evacuation and repatriation of remains
• Up to $50,000 in accidental death and dismemberment (AD&D) insurance
• Up to $100,000 in protection for security evacuation

Provides coverage worth up to $250,000 for emergency medical expenses

Tailor other included benefit levels to your needs

Coverage only applies to trips up to 40 days

Deductible up to $100 applies for emergency medical coverage and baggage and personal effects

• Trip cancellation coverage worth up to between $2,500 and $10,000
• Trip interruption coverage worth up to 150% of the trip cancellation limit
• Up to $2,000 in trip delay coverage ($200 daily limit)
• Up to $1,000 in protection for missed connections
• Up to $250,000 in coverage for emergency medical expenses ($50,000 in New Hampshire)
• $750 dental sublimit within emergency medical coverage
• Up to $500,000 in coverage for emergency medical evacuation and repatriation of remains
• Up to $2,000 in coverage for baggage and personal effects
• Baggage delay coverage worth up to $1,000 ($100 daily limit)
• 24/7 travel assistance services

Get annual coverage for medical expenses and routine medical care

High limits for medical expenses and emergency medical evacuation

GeoBlue plans don't offer comprehensive travel protection

Deductibles and copays apply

• Ambulatory and therapeutic services
• Inpatient hospital services
• Emergency medical services
• Rehabilitation and therapy
• Preventive and primary care

Choose among three tiers of annual travel protection

Option for basic protection with affordable premiums

No coverage for preexisting conditions

Maximum trip duration of 30 days per trip

• Trip cancellation coverage up to $2,500 maximum per year
• Trip interruption coverage up to $2,500 maximum per year
• $200 per trip for trip delays (up to $100 per day for delays of 12 hours or longer)
• Up to $500 in coverage per trip for baggage and personal effects
• Baggage delay coverage up to $100 per trip
• Up to $10,000 for emergency medical expenses per trip
• Up to $50,000 in emergency medical evacuation coverage per trip
• Up to $10,000 in AD&D coverage
• 24-hour travel assistance services

Why Trust U.S. News Travel

Holly Johnson is a travel expert who has researched travel insurance options for her own vacations and family trips to more than 50 countries around the world. On a personal level, her family uses an annual travel insurance policy from Allianz. Johnson works alongside her husband, Greg – who has been licensed to sell travel insurance in 50 states – within their family media business and travel agency .

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Best Annual Travel Insurance: Multi-Trip Coverage

On This Page

• Key takeaways

Compare annual travel insurance plans

Our picks for the best annual travel insurance plans of 2024, our methodology for choosing annual travel insurance providers, what is annual travel insurance, what does annual travel insurance cover, how much does annual travel insurance cost, annual travel insurance vs single-trip insurance, our top picks for single-trip plans, is annual travel insurance worth it, multi-trip insurance faq.

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Related topics

• Based on our research, the best annual travel insurance plans come from Trawick International & GeoBlue ( skip ahead to view these plans ).
• Annual travel insurance and multi-trip travel insurance are two different terms for a travel insurance plan that covers you on multiple different trips over the course of a year .
• Overall, annual travel insurance plans are typically cheaper than buying individual travel insurance polices for each trip . However, the coverage may be more limited.
• It’s important to understand your coverage needs before opting for a multi-trip travel insurance plan, as the inclusions vary greatly by provider .
• Annual travel insurance plans typically include medical-based coverage as a minimum, but may lack other coverage types like interruptions, cancellation, or baggage delay coverage.
• We recommend using using a comparison tool to find the best annual travel insurance plan for your needs. A comparison tool can show you quotes from multiple providers at once allowing you to quickly compare coverage and prices

An annual travel insurance plan, or multi-trip insurance plan, is a type of travel insurance policy that provides coverage for every trip you take over a period of up to 365 days.

While single-trip insurance is a great option for seldom travelers, multi-trip travel insurance might make more sense if you travel regularly.

Annual travel insurance policies can be ideal for:

• early retirees
• long-term travelers
• students abroad
• business travelers
• families who regularly bounce between countries and destinations

Annual travel insurance is not only convenient, but it can also be more cost-effective than buying a separate plan each time you travel. That said, not all travel insurance companies offer annual plans, and even then, some plans are different than others.

So, let’s get into it. You can find our top picks for the best annual travel insurance below.

Our top picks for the best annual travel insurance

• GeoBlue: Best for Basic Coverage on Trips Abroad
• Trawick International: Best Value for the Money
• Trawick International: Best Overall for Comprehensive Coverage
• GeoBlue: Best for High Medical Coverage
• Faye Travel Insurance: Best 6-Month Travel Insurance
• MedjetAssist: Best For Annual Membership
• Seven Corners: Best For Frequent Travelers

Best for Basic Coverage on Trips Abroad

Why we like it.

Editor's take

The GeoBlue Trekker Essential excl US plan is a great basic plan for frequent travelers who are looking for medical-related coverage when heading out of the U.S. for up to 70 days per trip and is also the most affordable plan on our list. With this plan, you can take an unlimited amount of trips during a year and stay covered as long as each trip lasts under the 70-day maximum.

With a robust $500,000 emergency medical coverage limit and a $250,000 medical evacuation limit, this policy should easily cover you in almost all medical scenarios should the worst happen abroad. This policy can also cover pre-existing health conditions which is a major plus for older travelers or those with health issues.

Limitations to this plan are that it only covers trips outside of the U.S. and does not include cancellation, interruption, or travel delay coverage. Therefore, if you plan to travel domestically or are keen on being covered for things not just related to travel health, you may want to look at other plans on our list, like the ones from Trawick International.

• Solid medical coverage limits
• Coverage for an unlimited number of trips
• Covers pre-existing medical conditions
• 24-hour assistance provided
• Money-back guarantee
• No cancelation/interruption coverage
• No coverage on trips within the U.S.
• Secondary medical coverage

Best Value for the Money

Trawick international.

This plan offers great value as it’s the second most affordable plan on the list and offers many different types of coverage. Where the Geo Blue Trekker Essential excl US plan only covers you outside the U.S., the Safe Travels Annual Basic plan from Trawick International offers coverage to both domestic and international destinations. It also goes several steps further from medical-only coverage and offers basic coverage for:

• Trip interruption
• Trip cancellation
• Travel delays
• Baggage delays
• Lost baggage and personal items
• Accidental death and dismemberment

That said, it is important to note that the medical coverage limits on this plan are lower than most. You will only be covered for up to $10,000 in medical treatments and $50,000 for medical evacuation. You also won’t be covered for pre-existing conditions. That makes this coverage ideal as a supplementary plan to your U.S. healthcare and perfect for domestic travel or travel in and around North America and the Caribbean.

• Great plan to have for basic coverage
• Covers domestic & international travel
• Diverse coverage and inclusions
• Cancelation & interruption coverage
• Lower medical coverage limits

Best Overall for Comprehensive Coverage

The Safe Travels Annual Deluxe plan from Trawick International is aptly named as it represents the most deluxe and comprehensive annual travel insurance plan on our list. It’s important to note that its sister plan (the Trawick Safe Travels Annual Basic) is our choice for the best value plan thanks to the coverage it provides for the price. However, if you want to be fully covered on your trip, the Safe Travels Annual Deluxe plan is the one to go for. It offers everything that the Basic plan offers, just with higher coverage limits.

With this plan, you get international and domestic travel coverage for medical treatment and evacuation. While the medical limits are lower than other plans, they should be enough for the majority of situations domestically and abroad.

The Deluxe plan also offers coverage for any delayed trips, with an allowance of $500 per trip. The plan also includes hurricane and weather cover, up to the maximum benefit shown on the confirmation of coverage - ideal for those traveling to volatile weather destinations.

Travelers looking to cover any possibility of baggage delays or loss of items during their travels will be pleased to see that the Safe Travels Annual Deluxe plan provides both. Policyholders will be entitled to a daily cover of $200 for delays of baggage and a $150 per item cover on all lost items during travel.

With medical coverage for COVID-19 included in the Emergency Medical Coverage, the Safe Travels Annual Deluxe plan provides great peace of mind when traveling in the post-COVID world.

• Includes emergency medical evacuation coverage
• Covers interruption and cancelation of the trip
• Offers hurricane and weather coverage
• Offers sports and activities coverage
• Medical limits are low for international trips

Best for High Medical Coverage

The GeoBlue Trekker Choice excl US plan is one of the best multi-trip plans for travelers needing high medical coverage limits for trips outside the U.S. With this plan, you will get up to a million dollars worth of emergency medical coverage and $500,000 of medical evacuation and repatriation coverage. These levels are some of the highest in the industry and can ensure you are covered in almost all medical scenarios. Added to this extensive list is a 24-hour accidental death and dismemberment coverage and sports coverage, ensuring you are fully prepared for any eventuality. This plan is a step up from the Trekker Essential excl US offering higher medical coverage and coverage for lost baggage and equipment. All of these coverage inclusions make this an ideal plan for adventure travel and travel to remote areas of the globe. As with the Trekker Essential excl US, this plan does not offer coverage for trips within the U.S., cancellation or interruption coverage, nor on trips lasting longer than 70 days.

• High medical coverage limits
• Accidental death & dismemberment coverage
• Baggage and personal items loss coverage
• Covers some sports & adventure activities
• No coverage for trips within the U.S.
• No cancelation or interruption coverage

Best 6-Month Travel Insurance

Faye Travel Insurance

Faye is a new travel insurance disruptor that offers an innovative solution to travel insurance with a digital-first approach. What sets them apart is their user-friendly solution to a traditionally bureaucratic system. With Faye, users can manage everything online or via the Faye app – including the entire booking and claims process.

Although it’s a newer provider in the travel insurance industry, Faye is already rising as a fan favorite among young, tech-savvy travelers and digital nomads who want quick, convenient, and reliable travel insurance without having to go through an agent.

Apart from their online-first approach, Faye is easy to use and caters to all types of travelers including those who may want help via phone support.

Another feature that sets Faye apart from the competition is their plan offerings. Faye offers one base plan with an array of comprehensive coverage and optional add-ons to customize your plan.

Potential add-ons include:

• Rental car care
• Cancel for any reason
• Vacation rental damage
• Adventure & extreme sports

If you are looking for a convenient and cost-effective way to insure your vacation, consider opting for Faye travel insurance. *Note: Coverage limits and availability may vary by state of residence.

Read our full review

• Friendly agents
• Easy-to-use mobile app
• Fast reimbursements for eligible claims
• Prompt replies to questions
• Long wait times for reimbursement
• Difficulty reaching Faye outside of email & virtual chat

Best For Annual Membership

Medjetassist.

MedJet Assist is a membership plan that ensures individuals get the medical evacuation help they need when they need it. Paying for membership ensures travelers get help arranging medical transfers regardless of medical necessity, and it lets members determine which medical facility they want to be moved to. This plan works for medical evacuation within the United States and abroad, and it can be purchased for short-term travel or longer trips.

While the traditional MedJet Assist plan includes coverage for medical evacuation, the upgraded MedJetHorizon plan also adds in worldwide travel security, crisis response, and evacuation services powered by FocusPoint International. This add-on coverage can help pay for evacuation in the event of terrorism, natural disasters, and violent crime.

• Available for short-term or long-term travel
• Can cover pricey evacuation expenses when you need medical care
• Covers both personal and business travel
• Membership covers each trip you take during its term
• Short-term memberships start at just $99
• Does not include traditional travel insurance benefits
• Does not cover transportation from the site of an accident (medical facility transfers only)
• Covers up to two transport events per year

Best For Frequent Travelers

Seven corners.

Seven Corners’ Trip Protection Annual Multi-Trip plan allows you to travel as many times as you’d like throughout the year under one policy. With $250,000 worth of medical coverage ($50,000 for New Hampshire residents), you are protected should the worst happen during your trip.

Alongside this standard medical coverage, the Trip Protection Annual Multi-Trip plan covers emergency dental expenses up to $750 and coverage for COVID-19-related illnesses.

This plan enables you to choose from four levels of trip cancellation coverage: $2,500; $5,000; $7,500; and $10,000. Trip interruption coverage also provides up to 150% of the trip cancellation limit and up to $1,000 of missed connection coverage per year.

• $250,000 for emergency medical expenses
• Travel multiple times a year
• 24/7 emergency travel assistance included
• Provides primary coverage up to $500,000 for emergency evacuation
• Customizable benefit levels
• Coverage only applies to trips up to 40 days
• Deductible up to $100 for emergency medical coverage

When choosing our top annual travel insurance providers, balancing the many factors that makeup insurance policies is important. By pinpointing criteria such as cost, coverage amounts, types of coverage, and customizability, we were able to highlight the best annual travel insurance plans of 2024. Here is a simple breakdown of the criteria used to select our top insurance plans:

• Types of coverage: Annual travel insurance can often be limited in its type of coverage. With these chosen plans, we have tried to select policies that cover essential areas such as medical evacuation and emergency medical assistance, at a minimum.
• Coverage amounts: Taking out an annual travel insurance plan is useless if the coverage amounts are too low. Based on this, we have chosen insurance plans that provide reasonable coverage limits.
• Value: As this type of insurance plan can be more expensive than a single-trip plan, it was important to recognize providers that are able to offer more coverage at a lower price than other competitors.  

It is important to note that annual travel insurance is a niche market and there are not tons of policies available. To add to that, annual travel insurance policies often offer limited coverage options. Therefore, we have looked for policies and providers that meet our requirements for the necessary minimum coverage. In this case, we focused on providers that offered emergency medical coverage and medical evacuation coverage as a minimum.  

Annual travel insurance, also known as multi-trip travel insurance, is a type of travel insurance policy that covers you for multiple trips throughout the year. It’s important to highlight the difference between multiple trips throughout the year, and taking a single trip that visits multiple destinations.

Under annual travel insurance policies, you are able to leave your home country, take a trip abroad, return home, and repeat the process several times throughout the year. Each of these single trips, regardless of the time in between, will be covered under an annual/multi-trip travel insurance policy. 

On the other hand, a single-trip insurance plan covers you for one single trip, regardless of whether this journey includes more than one country or destination (i.e. backpacking through Europe)

With a single-trip policy, your coverage begins once you leave home and ends as soon as you return whereas with an annual/multi-trip policy, your coverage starts and stops each time you travel.

Some annual travel insurance plans are medical plans only, meaning they provide coverage for medical care that is required during travel but not much else.

That said, some annual travel insurance plans, including some mentioned above, offer comprehensive coverage with benefits for trip cancellation and interruption, travel delays, lost and delayed baggage, and more. However, it requires a cancellation reason covered by the policy. Cancel for any reason (CFAR) coverage can be added to most plans.

Choosing between either annual travel medical insurance or a more comprehensive option will depend on your needs and how much you are willing to spend.

• Cheaper than buying multiple single-trip plans
• The convenience of buying one plan vs. many separate ones
• Ideal option for frequent travelers
• Limited coverage options vs. single-trip plans
• Fewer plans to choose from
• Unlikely to uniquely tailored to each individual trip

All annual multi-trip travel insurance plans include coverage for medical expenses , including protection for any medical emergency that occurs.

However, coverage limits vary by plan, and some travel insurance plans offer considerably higher limits than others (even up to $1 million).

 Other common benefits of annual travel insurance plans include:

• Coverage for emergency medical evacuation: Emergency medical evacuation coverage, also known as medevac, is insurance that covers emergency transportation when you become ill or injured away from home.   
• Protection for repatriation of remains : A repatriation of remains policy provides coverage for the transportation of the policyholder’s bodily remains to their country of residence - should they result in death from a covered illness or injury. 
• Insurance for medical expenses due to COVID: This coverage allows the policyholder to be insured for any medical expenses caused by the Coronavirus/SARS-CoV-2.
• Accidental death and dismemberment (AD&D) coverage : AD&D coverage pays benefits should the policyholder experience an accidental death or dismemberment. This also includes the loss, or loss of use, of body parts or limb functions.  

It’s important to note that some traditional travel insurance benefits are often not included in annual plans. This all depends on the travel insurance provider you’re considering and the multi-trip plans they have on offer. This being said, it is not a given that the following insurance benefits will be absent from any annual travel insurance policy.

Here are some traditional travel insurance benefits you may get with an annual travel insurance policy:

• Trip cancellation coverage : Trip cancellation coverage will financially cover you should any unforeseen circumstance prevent you from making your planned trip.
• Trip interruption coverage: This insurance policy will reimburse you for any unused, prepaid, or nonrefundable expenses should you be required to cut your trip short.
• Insurance for travel delays: If you experience flight or travel delays, your policy will cover you for certain expenses such as cancelation fees or unused activities.
• Protection for lost or delayed baggage: This policy allows you to claim the cost of any lost or delayed luggage en route to your travel destination.
• Coverage for missed connections : If your flight, train, boat, or any other predetermined mode of travel is delayed, this insurance policy will cover the cost of any additional transport needed to complete your trip.

To give you an idea of the cost of a travel insurance plan with annual coverage, we applied for quotes from all the top travel insurance companies included in this guide.

The quotes we received were for a multi-trip plan lasting for up to one year and aimed to cover two 45-year-old citizens of the United States.

While included benefits and coverage limits vary among these plans, the chart below shows the average premium cost for each provider meeting these criteria.

While these price examples can offer insight into ballpark figures for what an annual plan could potentially cost, it’s important to note that the cost of travel insurance varies based on many factors, such as your age, destination of choice, state of residence, and more.

Therefore, we recommend getting a quick personalized quote using a comparison tool. This can allow you to see several plans and prices all at once that are valid for your personal trip parameters.

Is it cheaper to buy annual travel insurance vs. single-trip insurance?

An annual policy intends to cover multiple trips over a period that may last up to one year. Therefore, the cost is higher. However, it’s important to consider all of the destinations you plan to visit before purchasing travel insurance for a year.

If you plan on staying in the same destination for the duration of your trip, such as a vacation to Bali , or are taking a cruise once a year, then buying affordable travel insurance for a single trip, monthly travel insurance, or a cruise insurance plan will likely be less expensive than buying an annual plan. Apart from that, single-trip travel insurance plans tend to have more types of coverage included overall. It is important to mention that many multi-trip insurances oftentimes exclude seniors and people 60+ years old. In that case, it is highly recommended to compare single-trip plans or senior insurance offers .

However, if you plan on visiting multiple destinations or countries throughout the year, an annual plan with travel insurance for one year may make more sense. If you have a list of your destinations, try searching what several single plans would cost compared to an annual multi-country travel insurance plan.

For international trips where you may need travel insurance for multiple countries, single plans will be more expensive than if you were to buy single plans for US destinations.

If you are a spontaneous traveler and want the freedom to know you will be covered regardless of where you decide to travel, opting for a multi-trip insurance plan can save you time and money.

As mentioned before, annual travel insurance is right for people who travel frequently, such as digital nomads, business people, retirees, students abroad, etc.

Here are some examples of people who may and may not benefit from annual trip insurance:

An annual travel insurance policy may be right for you if you meet the following criteria:

• You take at least four or five separate trips that keep you on the road (or in the air) almost year-round
• You travel often and frequently at the last minute and you want a travel insurance policy that is always in force
• You want to limit your out-of-pocket expenses by purchasing a single travel plan once per year
• You have a pre-existing condition and you want to ensure you have medical coverage when you travel abroad
• You want  coverage for COVID-19  when you travel abroad

You may want to opt for a sing-trip plan if you meet the following criteria:

• You only take a few trips each year
• You only plan to travel within the US
• You travel within the U.S. and you have a health insurance plan that applies nationwide
• You prefer to customize each travel policy you buy with select add-ons

Seven Corners Trip Protection Choice

• Overall trip cost
• Travel delays & stipends
• Baggage & equipment loss/damage
• Emergency medical expenses

Tin Leg Gold

• Accidental death & dismemberment
• Medical coverage for COVID-19 sickness
• Pre-existing conditions (when meeting waiver criteria)
• Sports & adventure (exclusions apply)

Trawick International Safe Travels Voyager

• Hurricane & Weather
• Financial Default
• Baggage and personal items loss up to $2,500
• Baggage delay coverage up to $600 per person

Investing in an annual travel insurance plan can be well worth it if you travel often and want to ensure you have coverage each time you do.

Having an annual plan in place means you don’t have to get a new travel insurance quote for each trip you take. Instead, you can pay an upfront premium once and get coverage that lasts for multiple trips.

That said, it’s worth noting that some year long travel insurance plans are limited to medical-only coverage. Therefore, we recommend looking for annual plans with comprehensive coverage if you want protection against travel delays, trip cancellation and interruption, lost or delayed baggage, and other risks.

We suggest researching the travel insurance companies in our guide and comparing their plans side-by-side. From this annual travel insurance comparison, you can get a few quotes for the types of trips you want to take. Don’t settle on a travel insurance policy until you find one with the included coverages and benefits you need.

Ultimately, whether or not to purchase a multi-trip travel insurance plan will depend on your specific travel habits and how much you want to spend.

Jon Morgan's experience buying annual travel insurance:

“I find myself traveling quite frequently for business meetings, conferences, and networking events. Having an annual plan seemed like the most practical choice because it provides continuous coverage for all my trips throughout the year.

It just saves me from the hassle of purchasing separate insurance every time I travel, which, trust me, can get quite overwhelming with my schedule.

I would definitely buy an annual plan again . It just simplifies my life and ensures I’m protected every time I step out for a business trip.

The thought that I won’t be financially burdened if something goes wrong is a huge relief. Having the peace of mindknowing that I’m covered in case of trip cancellations, medical emergencies, or unexpected events during my travels is priceless.” –  Jon Morgan

When should I purchase annual travel insurance?

You can purchase travel insurance any time of the year as it typically lasts 364 days after the date of purchase. However, many people start a new travel insurance annual plan at the beginning of the calendar year so as never to be left without one by forgetting when to renew.

Do I need to know how many trips I will take before I buy annual travel insurance?

You typically aren’t required to give all your destinations when signing up for an annual travel insurance plan. However, regarding price, single travel insurance plans can be cheaper and more comprehensive. Therefore, we recommend annual travel insurance if you take at least four or five separate trips each year. Ultimately, these yearly travel insurance plans are geared toward jetsetters, expats, and business travelers.

What is the difference between annual travel insurance and multi-trip travel insurance?

Annual travel insurance and multi-trip travel insurance are essentially the same thing. Annual travel insurance typically lasts for up to 364 days, whereas some multiple-trip plans last for a shorter duration. Make sure to compare travel insurance plans that make sense for how long and how often you plan to travel.

What companies offer annual travel insurance?

Top providers that offer annual travel insurance plans include Allianz, GeoBlue, HTH Travel Insurance, IMG, Seven Corners, and WorldTrips.

Do you have to pay all at once?

Annual trip insurance plans require you to pay a single premium all at once. However, this means you shouldn’t have to pay any more travel insurance premiums for up to one year.

Holly D. Johnson is an award-winning personal finance writer who covers topics like insurance, investing, credit and family finance. As a leading voice in the travel and loyalty space, Johnson has traveled with her family to more than 50 countries over the last decade.

The author has also written extensively on the power of household budgeting, and she even co-authored a book on the topic. Zero Down Your Debt: Reclaim Your Income and Build a Life You’ll Love was originally published in 2017, and it teaches families how to use zero-sum budgeting to reach their financial goals. She is also the co-owner and founder of the family finance and travel website, ClubThrifty.com.

Johnson’s 10+ years of writing have focused on helping families make important financial decisions at each stage of their lives. The author also applies the financial principles she teaches to her own life, and she is currently on track to retire in her late 40’s with her partner. She currently lives in Central Indiana with her husband and children, and she is a regular contributor for Bankrate, CNN, Forbes, U.S. News and World Report Travel and many other notable publications.

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Coverwise travel insurance review

Planning a sunny getaway becomes a breeze when you have your travel insurance all taken care of. Look no further than Coverwise for budget-friendly insurance options, even if you have pre-existing medical conditions. Enjoy your holiday worry-free!

• Coverwise is a travel insurer with FSC licensing.
• Their policies include single and annual travel insurance.
• You can secure travel coverage even if you have pre-existing medical conditions.
• Quotes are available on the Coverwise website, where you can also buy the policy and make claims.

FAQ: Coverwise travel insurance

Is coverwise part of axa.

Coverwise travel insurance is underwritten by Inter Partner Assistance (SA). The insurers are part of the AXA Group, which deals with the claims. AXA is among the market leaders in the world when it comes to travel insurance . Coverwise is regulated by the Financial Services Commission (FSC).

How do I contact Coverwise travel insurance?

You can contact Coverwise at 01903 255 650 or on their website. Your travel insurance also comes with 24/7 emergency travel assistance. If anything is unclear, you can talk to the agents before you buy the policy, especially if you have pre-existing medical conditions .

How to find the cheapest travel insurance?

You should always travel with a travel insurance policy that caters to your needs . Compare prices and check quotes on travel insurance provider websites. You can find travel insurance even if you have pre-existing conditions - you just have to know where to look!

Have you considered Coverwise travel insurance as an option for your next jet-setting adventure? Their travel insurance plans cater to you whether you’re an occasional traveller or journey frequently throughout the year.

Coverwise has been operating since 2011, and as of September 2023 are rated 'Excellent' with over 78,000 reviews on Trustpilot. But what are their travel policies like? Let's take a closer look. 

Whether you're looking for single-trip, multi-trip, or specialist cover, or need assurance about pre-existing medical conditions, our panel of travel insurance providers has you covered. Click on your chosen provider below to get started.

• Some restrictions based on age

What different travel insurance options are available?

Coverwise’s product catalogue offers a range of options for your journeys. Whether you're seeking worldwide coverage for a single holiday in Mallorca or an annual policy to safeguard all your yearly getaways, they've got you covered.

All Coverwise policies come with:

• Trip cancellation cover between £1,000 and £6,000.
• £20,000,000 emergency medical expenses cover.
• Personal liability cover of up to £2,000,000.
• Legal expenses cover of between £20,000 and £50,000. 
• Cover for lost or stolen baggage between £1,000 to £3,500. 

A medical consultation service is also included with all policies, allowing you to talk to the service team no matter where you are.

Single-trip travel insurance

Coverwise offers a range of coverage levels designed to safeguard a single holiday with single-trip travel insurance, including:

• Standard and Standard Plus: These plans cover curtailment starting at £1,000 and an excess policy ranging from £125 to £200.
• Bronze: With £1,500 curtailment cover, Bronze policies offer excess options ranging from £100 to £200.
• Silver and Silver Plus: These plans start curtailment coverage at £2,000 and feature a fixed excess of £50.
• Gold: Gold policies elevate your coverage with curtailment protection starting at £3,000 and maintain a £50 excess.
• Platinum: Representing the highest level of coverage, Platinum offers curtailment protection of up to £6,000, with a consistent £50 excess.

Silver policies and higher also include cover for delayed departure, trip abandonment (after a 12-hour delay) and missed departure cover. 

Single-trip cover is available to anyone under the age of 76. 

Annual travel insurance

Consider purchasing annual cover if travelling is in your veins and a single holiday isn’t enough. Annual travel insurance can be cheaper if you like to escape to the same destination multiple times a year or explore new locations. 

Coverwise offers multi-trip annual insurance policies in the same cover levels outlined above, from Standard to Platinum, including emergency medical cover.

There are limits for the annual policies, including:

• Standard, Standard Plus, and Bronze levels cover trips of up to 24 days. 
• Silver, Silver Plus, Gold and Platinum levels cover trips of up to 31 days.

Please note that annual multi-trip cover is unavailable to anyone aged 66 or over. 

Ski insurance

If you're a fan of chilly getaways, you'll be delighted to know that Coverwise provides winter sports and ski insurance for single and annual travel insurance policies.

Their winter sports and ski insurance covers the following:

• On and off-piste activities, including parapenting.
• Mountain search and rescue expenses.
• Piste closure.
• Loss of your ski pass.
• Ski and snowboard hire.
• Damaged, lost or stolen ski equipment.
• Medical treatment and repatriation to the UK.

The annual policies can cover up to 17 skiing and snowboarding days which can be taken as one trip or an accumulation of shorter trips.

Business travel insurance

Business travel insurance is also available in the same cover levels, from Standard to Platinum. 

Investing in an annual multi-trip travel insurance policy from Coverwise could prove beneficial not only for yourself but also for your employer. This policy ensures coverage for your business trips, offering essential protection like emergency medical treatment, repatriation, and additional accommodation and transportation expenses if you can't return home due to an accident or illness abroad. It's a smart choice for peace of mind, both personally and professionally.

The policy can also cover a replacement employee or the loss of work-related samples. This means you can send a replacement employee without losing insurance coverage if you can't make it to your trip. 

Higher-tier policies can also give enhanced protections with Abandonment and Missed Departure to help with travel disruption.

You should note that Coverwise business travel insurance does not cover you for personal liability whilst working abroad or in the UK.

What about pre-existing medical conditions?

Travel insurance often comes with exclusions that can be especially problematic if you have a pre-existing medical condition.

Coverwise provides the option to purchase additional coverage if you have a pre-existing medical condition.

This add-on insurance covers a range of medical conditions, including:

• High blood pressure.

Simply complete a medical assessment online to tailor the coverage that suits you best. The Coverwise medical team will get back to you if there are any issues. 

Car hire excess cover

If you enjoy the freedom of hiring a car on your trips, you might be interested in the Coverwise annual car hire excess insurance. 

Their policies offer extensive coverage, providing up to £7,000 for damage and theft per vehicle rental. Plus, they include built-in protection for misfuelling and key-related incidents as standard.

Coverwise excess cover is available to all policyholders, so you can simply add it to your single-trip or annual policy. 

How to purchase Coverwise travel insurance

If you choose Coverwise travel insurance, fill in your details online to get personalised travel insurance quotes.

You can also call them at 01903 255 650. The phone lines are open:

• Monday to Friday from 9 am to 6 pm.
• Saturdays from 9 am to 2 pm.

You can cancel your policy within 14 days of receipt of your travel insurance documents. You must submit cancellations in writing to the Coverwise Sales teams in Worthing or through email. 

Making a claim with Coverwise

Visit the AXA claims portal if you need to make claims. You can also call the claims team at 0330 024 8315 during regular office hours (Monday to Friday from 9 am to 5 pm).

Should I buy Coverwise travel insurance?

Coverwise travel insurance policies provide options for all kinds of globetrotters. You can cover your summer holiday with a single-trip policy. If you travel more frequently, Coverwise travel insurance for annual multi-trip policies covers your needs.

Their selection benefits all sorts of jetsetters, even those with pre-existing medical conditions.

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How Does Annual Travel Insurance Work? All You Need to Know

• 24 February 2024

If you have ever wondered ‘how does annual travel insurance work’?

Check out this quick guide which will give a quick overview and some suggestions to get the most benefit.

The details and information in this post are from my recommended travel insurance provider, Coverwise . They are who I use for my insurance. I find their prices great value and their coverage very good. They include business cover and cover for trips in the UK in their policies which is also helpful.

How Does Annual Travel Insurance Work

Table of Contents

Buying a Policy

When it comes to buying there is very little difference between buying an annual travel insurance policy and a single-trip policy.

First off you need to choose annual travel insurance as the policy you want.

You then have to select whether you need winter sports cover in your policy or not.

You have to select which part of the world you plan on travelling to.

You need to choose a start date for your policy. For an annual travel insurance policy the start date is the beginning of the year that the policy will run from.

Choose the earliest start date possible and ideally take out your travel insurance before you book any travel. That way you will have some level of cancellation coverage for your trip. If you book your trip before you take out your travel insurance policy you will have no cover or less cover (check your policy for details).

Travellers and Ages

You have to give details of the number of travellers and their ages.

Level of Cover

You then choose what level of cover you would like from the options available.

Don’t just look at the cost of the insurance. Check the excess and the amount you would need to pay in the event of a claim. The higher premium you pay the lower the excess is. Standard and Bronze cover has the lowest premium but an excess of £125 or £200 depending on the item being claimed. Silver Plus and Gold policies have a £50 excess. This could mean that if you had to claim paying a higher premium would pay for itself.

Also, check what is covered before making your choice. Silver Plus and Gold policies include cover for abandonment, missed and delayed departure which Standard and Bronze policies don’t.

Declaration

Once you have chosen your level of cover you need to complete a medical declaration for all of the travellers on the policy.

Ensure you declare every condition and all the medication you are taking even if you don’t think it is relevant or will have any effect on your travelling. Failing to declare any condition could invalidate your insurance policy in the event of a claim.

Starting Your Policy

Once you click confirm and buy your policy you will get your policy documents. You should take the time to read these thoroughly and check the policy details.

You have a ‘grace’ period where you can cancel your policy and get a full refund. This is generally around 14 days so use this time to double-check all the details.

Annual Travel Insurance Coverage Levels

The level of coverage on an annual travel insurance policy is per person not per policy.

For example, all Coverwise policies have £20 million pound of medical expenses covered. If your annual travel insurance policy is for more than 1 person then each traveller is covered for that amount.

The same applies to cancellation coverage and all the other items listed on the policy schedule.

Annual Travel Insurance Policy Tips

One of the great things about annual travel insurance is that you buy a policy and you are covered for travel but you need to remember a few key things to ensure that cover remains in place.

Amend Your Policy If You Decide to Travel To Another Region of the World Not Covered

If you take out cover for Europe and you then travel to the USA you will not have any travel insurance for your trip to the USA. Make sure you know what areas of the world you have cover for and amend your policy if you decide to travel anywhere else.

Check Overnight Stops and Cruise Ship Destinations

If you are taking any trips that involve an overnight stay you need to ensure you have cover to that region covered in your policy.

The same applies to any day trips you might take, or cruise ship excursions or stops.

Update Your Health Conditions

If you have any new health conditions or are prescribed any new medication you need to update your travel insurance policy.

This can involve a phone call rather than updating online which can be a bit time-consuming.

However, it is essential to do this otherwise you may not be covered if you needed to make a claim.

Travellers Do Not Have to Travel Together But Some May Need Permission

If you take out a policy for 4 family members they do not all have to travel together. Each traveller is covered independently under the policy.

You just need to ensure that any family members under 18 have their parents/guardians’ permission to travel otherwise they may not be covered.

Annual Travel Insurance Renewal

One of the great things about annual travel insurance is that it covers you for a whole year. It’s super convenient for regular travellers.

When it comes time for renewal the policy will generally renew automatically. You can usually turn this option off in your account if choose to or you will get a reminder before the renewal to advise the price. If that’s the case you can choose to let the policy renew automatically or cancel it if you want to get insurance elsewhere.

How Does Annual Travel Insurance Work – Conclusion

• Annual travel insurance is super convenient for regular travellers
• As with any insurance you need to be familiar with the terms, conditions, and policy details to ensure you are covered for your travel
• You need to remember to update your policy with any changes in health conditions or medication for all of the travellers on your policy. Failing to do so may mean no travel insurance.

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If you're planning your next vacation or trip out of the country, be sure to factor in travel insurance. Unexpected medical emergencies when traveling can drain your bank account, especially when you're traveling internationally. The best travel insurance companies for international travel can step in to provide you with peace of mind and financial protection while you're abroad.

Best International Travel Insurance Companies

Best overall: Allianz Travel Insurance

Best for exotic travel: World Nomads Travel Insurance

Best for trip interruption coverage: C&F Travel Insured

Best for families: Travelex Travel Insurance

Best for long-term travel: Seven Corners Travel Insurance

Best overall: Allianz

Allianz Travel Insurance  offers the ultimate customizable coverage for international trips, whether you're a frequent jetsetter or an occasional traveler. You can choose from an a la carte of single or multi-trip plans, as well as add-ons, including rental car damage, cancel for any reason (CFAR) , adventure sport, and business travel coverage. And with affordable pricing compared to competitors, Allianz is a budget-friendly choice for your international travel insurance needs. 

The icing on the cake is Allyz TraveSmart, Allainz's highly-rated mobile app, which has an average rating of 4.4 out of five stars on the Google Play store across over 2,600 reviews and 4.8 out of five stars from over 22,000 reviews on the Apple app store. So, you can rest easy knowing that you can access your policy and file claims anywhere in the world without a hassle.

Read our Allianz travel insurance review here.

Best for exotic trips: World Nomads

World Nomads Travel Insurance  offers coverage for over 150 specific activities, so you can focus on the adventure without worrying about gaps in your coverage. 

You can select its budget-friendly standard plan, starting at $79. Or if you're an adrenaline junkie seeking more thrills, you can opt for the World Nomads' Explorer plan for $120, which includes extra sports like skydiving, scuba diving, and heli-skiing. And World Nomads offers 24/7 assistance, so you can confidently travel abroad, knowing that help is just a phone call away. 

Read our World Nomads travel insurance review here.

Best for trip interruption: C&F Travel Insured

C&F Travel Insured offers 100% coverage for trip cancellation, up to 150% for trip interruption, and reimbursement for up to 75% of your non-refundable travel costs with select plans. This means you don't have to worry about losing your hard-earned money on non-refundable travel costs if your trip ends prematurely. 

Travel Insured also stands out for its extensive "reasons for cancellation" coverage. Unlike many insurers, the company covers hurricane warnings from the National Oceanic and Atmospheric Administration (NOAA).

Read our Travel Insured review here.

Best for family coverage: Travelex

Travelex Travel Insurance offers coverage for your whole crew, perfect for when you're planning a family trip. Its family plan insures all your children 17 and under at no additional cost. The travel insurance provider also offers add-ons like adventure sports and car rental collision coverage to protect your family under any circumstance. Got pets? With Travelex's Travel Select plan, you can also get coverage for your furry friend's emergency medical and transportation expenses. 

Read our Travelex insurance review here.

Best for long trips: Seven Corners

Seven Corners Travel Insurance offers specialized coverage that the standard short-term travel insurance policy won't provide, which is helpful if you're embarking on a long-term trip. You can choose from several plans, including the Annual Multi-Trip plan, which provides medical coverage for multiple international trips for up to 364 days. This policy also offers COVID-19 medical and evacuation coverage up to $1 million. 

You also get the added benefit of incidental expense coverage. This policy will cover remote health-related services and information, treatment of injury or illness, and live consultations via telecommunication. 

Read our Seven Corners travel insurance review here.

How to find the right international travel insurance company 

Different travelers and trips require different types of insurance coverage. So, consider these tips if you're in the market to insure your trip. 

Determine your needs 

• Consider the nature of your travel (leisure, business, or adventure) and the associated risks (medical emergencies, trip cancellations, etc.).
• Determine your budget and the amount of coverage you require. 
• Consider the duration of your trip and the countries you'll be visiting, as some policies won't cover specific destinations. 

Research the reputation of the company 

• Look for the company's reviews and ratings from reputable sources like consumer advocacy groups and independent website reviews. 
• Check the provider's financial stability and credit ratings to ensure it can pay out claims reliably. 
• Investigate the company's claims process to ensure it can provide timely support if you need to file a claim.

Compare prices

• Get quotes from multiple providers to compare rates and coverage options.
• See if the company provides discounts or special offers to lower your cost. 
• Look at the deductible or any out-of-pocket expenses you may have to pay if you file a claim to determine if you can afford it. 

Understanding international travel insurance coverage options 

Travel insurance can be confusing, but we're here to simplify it for you. We'll break down the industry's jargon to help you understand what travel insurance covers to help you decide what your policy needs. Bear in mind that exclusions and limitations for your age and destination may apply. 

Finding the best price for international travel insurance

Your policy cost will depend on several factors, such as the length of your trip, destination, coverage limits, and age. Typically, a comprehensive policy includes travel cancellation coverage costs between 5% and 10% of your total trip cost.

If you're planning an international trip that costs $4,500, you can expect to pay anywhere from $225 to $450 for your policy. Comparing quotes from multiple providers can help you find a budget-friendly travel insurance policy that meets your needs.

How we reviewed international travel insurance companies

We ranked and assigned superlatives to the best travel insurance companies based on our insurance rating methodology . It focuses on several key factors, including: 

• Policy types: We analyzed company offerings such as coverage levels, exclusions, and policy upgrades, taking note of providers that offer a range of travel-related issues beyond the standard coverages. 
• Affordability: We recognize that cheap premiums don't necessarily equate to sufficient coverage. So, we seek providers that offer competitive rates with comprehensive policies and quality customer service. We also call out any discounts or special offers available. 
• Flexibility: Travel insurance isn't one-size-fits-all. We highlight providers that offer a wide array of coverage options, including single-trip, multi-trip, and long-term policies.
• Claims handling: The claims process should be pain-free for policyholders. We seek providers that offer a streamlined process via online claims filing and a track record of handling claims fairly and efficiently. 
• Quality customer service: Good customer service is as important as affordability and flexibility. We highlight companies that offer 24/7 assistance and have a strong record of customer service responsiveness. 

We consult user feedback and reviews to determine how each company fares in each category. We also check the provider's financial rating and volume of complaints via third-party rating agencies. 

Which company has the best international travel insurance?

The best insurance policy depends on your individual situation, including your destination and budget. However, popular options include Allianz Travel Insurance, World Nomads, and Travel Guard. 

Is international health insurance the same as travel insurance?

International health insurance and travel insurance serve different purposes. While both may cover medical expenses, international health insurance provides long-term health insurance for working abroad. Meanwhile, travel insurance offers short-term coverage for the duration of your trip. 

What insurance do you need for international travel?

Typically, your regular health insurance won't cover you out of the country, so you'll want to make sure your travel insurance has adequate medical emergency coverage. Depending on your travel plans, you may want to purchase add-ons, such as adventure sports coverage, if you're planning on doing anything adventurous like bungee jumping.

Should you get travel insurance for international travel?

Travel insurance is worth the price for international travel because they're generally more expensive, so you have more to lose. Additionally, your regular health insurance won't cover you in other countries, so without travel insurance, you'll end up paying out of pocket for any emergency medical care you receive out of the US.

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Frequently Asked Questions

• What are the maximum trip durations allowed on Annual Multi Trip policies?

Coverwise Annual Multi Trip, trip durations:

Our Standard, Standard Plus and Bronze policies can cover trips of up to 24 days. The Silver, Silver Plus, Gold and Platinum have greater flexibility and can cover trips of up to 31 days.

Subject to eligibility criteria, we are also able to add additional weeks to an existing policy should you find that you need to travel for longer, providing unparalleled flexibility. Please contact our call centre in the UK for information and prices on 01903 255 650 we are open Monday to Friday between 9am and 6pm and 9am to 2pm on Saturdays, one of our friendly and professional agents will be happy to assist you.

In addition to our standard trip durations, Coverwise annual multi trip policies are able to provide cover for winter sports trips subject to selecting the winter sports option and paying the appropriate premium.

Our Standard, Standard Plus and Bronze policy covers up to 17 days in total for winter sports trips within the period of insurance which can be taken as one trip or an accumulation of shorter trips. Or for greater flexibility select a Silver, Silver Plus, Gold or Platinum policy that will allow you to take as many winter sports trips as you like throughout the period of insurance as long as each trip lasts no longer than 17 days.

Related Questions

• Do you offer last minute travel insurance cover?
• I am not sure what type of policy is suitable for me, can you give me advice?
• Can I insure my business trip with Coverwise?
• Can I purchase a policy to cover a situation that I am already aware of?
• When does my insurance start and end?
• Are there any circumstances under which my insurance would be automatically extended?
• Are my partner and I covered to travel independently on our Coverwise family Annual Multi Trip travel insurance policy?
• Can our children travel independently on our Coverwise family Annual Multi Trip travel insurance policy?
• What law applies to my Coverwise Travel Insurance policy?
• How do you define a close relative?
• How many times can I travel on my Annual Multi Trip policy?
• Do I have to contact you each time I intend to travel on my Annual Multi Trip policy?
• Am I insured to drive a car whilst abroad?
• What is considered as my home area?
• How do you define home?
• Am I covered under my policy in the event of a terrorist attack?
• If I select a date in the future to start my Annual Multi trip policy am I covered for trip cancellation between now and the policy start date?
• If I purchase a single trip policy today do I have immediate cancellation cover?
• Are the benefits on the policy per person or per policy?
• Are the benefits on my Annual Multi Trip policy per trip or per policy?
• Do Coverwise offer a policy that provides cover if an airline unexpectedly goes into liquidation?
• I am travelling to Europe and would like to know which countries accept the GHIC card, how I apply for one and also find further information on the cover it provides.
• If I have to cancel my trip am I able to claim back for my pre-paid excursions?

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