Compare Over 30 Travel Insurance Providers

Compare Annual Multi-Trip Travel Insurance Policies

Are you a frequent traveller looking for a convenient and cost-effective way to stay protected on your adventures? Annual multi-trip travel insurance, also known as annual cover, is the perfect solution for globetrotters who want to enjoy unlimited trips throughout the year without the hassle of purchasing separate policies for each journey.

According to a survey by the Association of British Travel Agents (ABTA), 88% of Brits took a holiday in 2019, with an average of 3.4 trips per person. This highlights the popularity of travel among UK residents and the potential benefits of annual multi-trip travel insurance for frequent travellers.

Why is travel insurance more expensive?

Some of the biggest costs to travel insurance providers are the medical and emergency costs racked up by customers who need medical attention when abroad. In some instances, costs such as emergency repatriation and hospital treatments can take costs into millions of pounds.

Due to these enhanced costs and the probability of a policyholder requiring medical attention when abroad, the premiums for pre-existing medical condition insurance are high. Whether you have a serious condition or had a minor medical event from many years ago, you must disclose this to your travel insurance provider otherwise, your travel insurance cover may be declared void.

Even policyholders who have been cured may need to give this information to their travel insurance provider to be on the safe side. Unfortunately, this can also lead to an increase in premiums but you must give all the accurate information to your travel insurance provider to avoid the policy being declared void when you need it the most.

What Does Annual Multi-Trip Travel Insurance Cover?

Annual multi-trip travel insurance policies offer various levels of cover to suit your needs and budget. Some common coverage options include:

• Medical expenses: This covers the cost of medical treatment, hospitalisation, and emergency evacuation if you fall ill or get injured during your trip. Look for policies that provide at least £5 million in medical cover for travel in Europe and £10 million for worldwide trips.
• Trip cancellation and interruption: If you need to cancel or cut short your trip due to unforeseen circumstances, such as illness, injury, or a family emergency, your policy will reimburse you for non-refundable expenses. Aim for at least £3,000 in cancellation cover per person.
• Personal possessions: This covers the cost of replacing lost, stolen, or damaged luggage and personal items during your trip. Look for policies that offer at least £1,500 in baggage cover per person.
• Travel delays and missed connections: If your flight is delayed or you miss a connection due to circumstances beyond your control, your policy will cover additional expenses such as accommodation and meals. Aim for at least £200 in travel delay cover per person.
• Personal liability: This protects you against legal liability if you accidentally cause injury to someone or damage their property during your trip. Look for policies with at least £1 million in personal liability cover.

According to the Association of British Insurers (ABI), travel insurers paid out £399 million in 591,000 claims in 2019, with an average claim value of £675. This demonstrates the importance of having comprehensive travel insurance coverage.

Get Quotes

Optional Extras and Add-Ons for Annual Multi-Trip Travel Insurance

In addition to the standard coverage, many annual multi-trip policies offer optional extras that can be added to your policy for an additional premium:

• Winter sports cover: If you plan on hitting the slopes, this add-on covers ski equipment, piste closure, avalanche delay, and ski pass loss. Statistics from the Association of British Travel Agents (ABTA) show that around 1.5 million Brits go on ski holidays each year, making winter sports cover a popular add-on for annual travel insurance policies.
• Gadget cover: Protect your valuable devices, such as smartphones, tablets, and laptops, against accidental damage, theft, and malfunction. A survey by YouGov found that 78% of Brits take at least one gadget with them on holiday, emphasising the need for adequate protection.
• Cruise cover: Specialised coverage for cruise holidays, including missed port departure, cabin confinement, unused excursions, and emergency airlift to hospital. According to the Cruise Lines International Association (CLIA), the UK cruise industry saw a record 2 million passengers in 2019, demonstrating the growing popularity of cruise holidays among British travellers.
• Adventure and extreme sports cover: Covers high-risk activities like bungee jumping, skydiving, white water rafting, and rock climbing.
• Travel disruption cover: Provides coverage for natural disasters, strikes, civil unrest, and pandemics. A study by the Office for National Statistics (ONS) found that 88% of Brits are concerned about the impact of Covid-19 on their travel plans, highlighting the importance of travel disruption cover in the current climate.
• Personal possession cover: This add-on ensures that your personal belongings, such as luggage, jewellery, and clothing, are protected against loss, damage, or theft while you travel. A study conducted by the UK Travel Insurance Benchmarking Report revealed that 1 in 4 travellers have experienced lost or stolen belongings during their trips, underlining the necessity for personal possession cover in annual travel policies. Please note, some providers will charge extra premium to provide extra cover for accidental losses.

Types of Annual Multi-Trip Travel Insurance

Annual multi-trip travel insurance comes in various forms to cater to different types of travellers:

• European travel insurance: Covers trips within Europe, including popular destinations like Spain, France, and Italy. A study by the Office for National Statistics (ONS) found that Spain is the most popular destination for UK travellers, with over 18 million visits in 2019.
• Worldwide travel insurance: Offers coverage for trips anywhere in the world, with options to include or exclude the USA, Caribbean, and Mexico. According to the Association of British Insurers (ABI), the average cost of a medical claim in the USA is £12,000, highlighting the importance of comprehensive worldwide cover.
• Backpacker travel insurance: Designed for long-term, multi-destination trips, often lasting several months or even a year. A survey by the World Youth Student and Educational (WYSE) Travel Confederation found that the average length of a backpacking trip is 53 days.
• Family travel insurance: Provides coverage for families travelling together, often with the option to include children under a certain age for free. According to ABTA, family holidays account for 30% of all overseas trips taken by UK residents.
• Group travel insurance: Ideal for groups of friends, clubs, or associations travelling together, offering coverage for all members under a single policy. A study by the International Air Transport Association (IATA) found that group travel accounts for around 20% of all international travel.
• Senior or Over 65s travel insurance: Specialised policies for older travellers, taking into account their unique needs and potential medical conditions. According to the Office for National Statistics (ONS), the number of overseas trips taken by UK residents aged 65 and over has increased by 23% in the past decade.
• Couple travel insurance: Designed for couples travelling together, often offering discounted rates compared to purchasing separate policies. A survey by the Association of British Travel Agents (ABTA) found that couples account for 28% of all overseas trips taken by UK residents.
• Business travel insurance: Tailored to the specific needs of business travellers, often including coverage for work equipment, business money, and conference cancellation. According to the Global Business Travel Association (GBTA), the UK business travel market is worth £39 billion annually.
• Single Trip Insurance: Ideal for individuals looking to go on a one-time vacation or business trip, providing level of cover for a specific period, usually up to 180 days. Single trip insurance is popular among solo travellers and those looking for flexibility in their coverage options. According to a survey by the Travel Insurance Association (TIA), single trip policies account for 40% of all travel insurance purchases in the UK. Single trip holiday insurance may vary depending on your holiday destinations.

Why Choose a Defaqto-rated Annual Multi-Trip Travel Insurance Policy?

When shopping for annual multi-trip travel insurance, look for policies that have been rated by Defaqto, an independent financial research company. Defaqto assigns star ratings to insurance policies based on the quality and comprehensiveness of their coverage.

A 5-star Defaqto-rated policy indicates that it offers one of the highest levels of cover available in the market. By choosing a Defaqto-rated policy, you can be confident that you're getting a high-quality product with extensive coverage and protection.

Making a Claim on Your Annual Multi-Trip Travel Insurance

If you need to make a claim on your annual multi-trip travel insurance policy, follow these steps:

1. Contact your insurer as soon as possible to notify them of the incident.
2. Provide all necessary documentation, such as medical reports, police reports, or receipts for expenses incurred.
3. Follow your insurer's claims process and provide any additional information they may require.
4. Keep copies of all correspondence and documentation related to your claim.

According to the Association of British Insurers (ABI), 96% of travel insurance claims were paid out in 2019, with an average processing time of 7-10 days for straightforward claims.