What is year-round travel insurance?
Coverage for several travels over 12 months is provided by year-round travel insurance, sometimes called annual multi-trip or just annual travel insurance. You get one insurance policy covering you for a whole year instead of purchasing a different one for every trip you take. Usually aimed at regular travelers, these regulations are
How it works.
Usually, an annual policy runs 364 days from the day you buy it. If your excursions fit the policy, you are insured for any taken within that period. Crucially, one long, continuous trip is not covered by this insurance. Usually, depending on the policy, each trip has a maximum length limit—often between 30 and 90 days. You don't have to inform the insurer every time you travel; the coverage automatically kicks in for qualified trips.
What it covers.
Although thorough in its year-long coverage, annual travel insurance policies vary from single-trip plans in several ways. Medical coverage, including medical evacuation and medical bills, takes the stage. Though trip cancellation coverage is typically not included in base policies and needs specific add-ons if needed, some plans also include advantages like a trip interruption, travel delay, and lost or delayed baggage coverage.
Who should consider it?
Frequent travelers who make several smaller journeys over the year for business or vacation find annual plans most helpful. Single-trip insurance is more affordable if you travel once or twice a year. Furthermore, since most have per-trip duration restrictions, regular annual coverage might not be the most excellent choice if you intend an extended trip over ninety days. For such travel, consider backpacker or long-stay insurance.
Cost considerations.
The provider determines the cost of annual travel insurance, depending on your age, maximum trip length covered, and selected coverage limitations. Based on studies by SquareMouth, annual plans for a 30-year-old US person might run between $125 and $700. According to a Forbes Advisor 2023 analysis, a multi-trip plan's average cost is $350.
Single-trip vs. annual.
Designed for one particular trip, single-trip policies provide more all-encompassing coverage, including trip cancellation, "cancel for any reason" (CFAR) choices, and increased coverage limits for medical bills and baggage. Every trip costs them more as well. A single-trip policy is the better option should trip cancellation or CFAR be necessary.
Coverage for pre-existing conditions.
Some provide coverage for the acute onset of pre-existing conditions if you buy a yearly plan shortly after your initial trip payment. The disease must often be classified as "stable," meaning no changes in medication or treatment during a given period before your trip—usually 60 to 180 days. Providers will define the criteria differently. See your provider for particular advice.
Coverage limits.
Focus primarily on the coverage restrictions for other benefits, medical bills, and evacuation. Under its annual plan, Seven Corners, a well-known supplier, provides a range of alternatives from $2,500 to $30,000 for cancellation and up to $250,000 for medical expenses per trip with per-trip duration limits.
Check for existing coverage.
See whether you already have a credit card, house, or other membership travel insurance before deciding on an annual plan. Many upscale credit cards have trip delays, interruptions, and even some medical coverage. Bundling current coverage could be sufficient for your trip.
| Provider | Plan Name | Annual Cost (Example) | Max. Trip Length | Max. Medical Coverage | Max. Medical Evacuation | Trip Cancellation/Interruption | Pre-existing Conditions | CFAR | Other Notable Benefits |
|---|---|---|---|---|---|---|---|---|---|
| Allianz Global Assistance | AllTrips Basic | $138 (35 years old) | 45 days | $20,000 | $50,000 | No | Not Included | No | Rental car damage/theft |
| Allianz Global Assistance | AllTrips Prime | $280 (35 years old) | 45 days | $20,000 | $250,000 | $3,000/year | Waiver available | No | Rental car damage/theft |
| Allianz Global Assistance | AllTrips Executive | $510 (35 years old) | 45 days | $50,000 | $250,000 | Up to $10,000/year | Waiver available | No | Business equipment coverage, Rental car damage/theft |
| Allianz Global Assistance | AllTrips Premier | $485 (35 years old) | 90 days | $50,000 | $500,000 | Up to $15,000/year | Waiver available | No | Rental car damage/theft (except KS, TX, NY; restrictions in WA) |
| GeoBlue | Trekker Choice | $175 (35 years old) | 70 days | $1,000,000 (Under 70)$100,000 (70-95) | $500,000 | No | Yes | No | Telemedicine, Coverage up to age 95 (outside US) |
| GeoBlue | Trekker Essential | $125 (35 years old) | 70 days | Lower than Choice Plan | $500,000 | No | Yes | No | Telemedicine |
| Seven Corners | Trip Protection Annual Multi-Trip | $385 (30 years old) | 40 days (30 for FL) | $250,000 | $500,000 | Up to $30,000 | After 60 days | No | Covid-19 coverage |
| IMG | Patriot Multi-Trip | $282 (35 years old, 30-day trips) | 30, 60 or 90 days | $1,000,000 (Under 70)$50,000 (70-79) | $1,000,000 | No | Acute onset only (under 70) | No | Extendable to 36 months |
| Heymondo | Annual Multi-Trip | $232 (35 years old) | 60 days | $10,000,000 | $10,000,000 | Up to $7,000 | Not Covered | No | 24/7 medical chat, App support |
| Travel Guard (AIG) | Annual Plan | $259 (35 years old) | 90 days | $50,000/year | $500,000 | $2,500/year (interruption only) | No | No | Security evacuation |
| USI Affinity | Voyager Annual | $100-$680 (depending on age and plan) | 90 days | $50,000 (Silver) $250,000 (Gold) | $100,000 (Silver) $250,000 (Gold) | Included | After 60 days | No | Covers trips 100+ miles from home |
| Trawick International | Safe Travels Annual Basic | $155 | 30 days | $10,000 | $50,000 | $2,500/year | Not Covered | Optional | 100% trip cancellation/interruption coverage |
| Trawick International | Safe Travels Annual Deluxe | $305 | 30 days | $20,000 | $50,000 | $5,000/year | Not Covered | Optional | Change fees, Lost deposits on tours |
| World Nomads | Annual Multi-Trip | $431 (35 years old) | 45 days | $100,000 | $100,000 | $5,000/ coverage term | Not Covered | No | Covers 250+ adventure activities |
| Nationwide | Annual Plan | $59+ | 60 days | $10,000 | Included | Optional | Waiver available (if purchased within 14 days) | Optional (70% reimbursement) | Covers trips 100+ miles from home |
| Seven Corners | Travel Medical Annual Multi-Trip | $375-$648 (30 years old, 8 trips, including US) | 30, 45, or 60 days | Up to $1,000,000 | $1,000,000 | $5000 | Yes, if purchased within 21 days of initial trip payment | No | Adventure Activities coverage |
