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Annual Multi Trip Travel Insurance is a great way to cover yourself when you are planning to travel more than once in a 12-month period. However, comparisons have been made, with some of the top travel insurance companies, and research shows that you can actually save money if you purchase an Annual Multi Trip insurance policy, through some companies, instead of a Single Trip Comprehensive policy. In some cases it is even cheaper to purchase the Annual Multi Trip Insurance over the Single Trip Comprehensive Insurance.
It is not unusual for a travel insurance company these days to offer Annual Multi Trip policies at a flat rate for individuals, couples or families. These Annual Multi Trip policies generally offer the same coverage as a Single Trip Comprehensive policy, and can be used to cover an individual, duo or family who may travel domestically or internationally more than once a year.
It is important to shop around for these policies, and the best place to start would be online. Many online companies offer the flat rate option and can be very competitive in their prices. Below is a quick comparison, of some online offers, of Annual Multi Trip travel insurance costs with Single Trip Comprehensive insurance (as of June 2008).
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Annual Multi Trip |
Single Trip Comprehensive
|
| Policy Price |
$440-$480 |
$440-$550 |
Destination: Worldwide
2 Adults, 2 children |
|
|
| This represents $ per person |
$110-$120 |
$110-$137 |
Maximum consecutive days
for each trip |
60 |
60 |
| Number of trips |
Unlimited for 12mths |
1 |
| |
These policies mirrors all
the same inclusions within the
Single Trip Comprehensive
policies.
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From this comparison it is clear that in most cases the Annual Multi Trip policy is equal to or slightly less expensive than the Single Trip Comprehensive policy. When you consider that with the Annual Multi Trip policy you have unlimited coverage on all travel within the year, the benefits speak for themselves. Often we are required to travel unexpectedly, so it is worth considering taking out Annual Multi Trip Travel Insurance even if you knowingly only have to travel once in a year. That way if another unexpected trip does arise in that time, you will be safely covered and won’t have to go through the added expense of taking out further insurance.
Just to recap what Annual Multi Trip Travel Insurance covers:
- As many trips as you want for up to 12 months
- All domestic and international travel
- Each trip for up to 60-90 days
- Some water sports such as skiing and water skiing
- Single, duo or all members of the family
- Everything that is covered in a Single Trip Comprehensive policy
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