Is Annual trip insurance right for you?
If you travel more than a couple of times a year—especially internationally—buying individual travel insurance for every trip can get tedious and expensive. That’s where annual travel insurance comes in. These policies cover multiple trips within a year under a single plan, offering convenience, cost savings, and peace of mind.
So, how does it work? And is it right for you?
What Is Annual Travel Insurance?
Annual travel insurance (also called a multi-trip policy) is a plan that covers an unlimited number of trips over a 12-month period. Each trip is usually capped at a maximum duration—typically 30, 45, or 60 days, depending on the plan.
What Does It Cover?
Coverage varies by provider, but most annual policies include:
Trip cancellation and interruption for covered reasons such as illness, injury, or family emergency
Trip delay coverage for meals and lodging during long delays
Lost, stolen, or delayed baggage
Emergency medical coverage, especially abroad
Medical evacuation or repatriation
Accidental death and dismemberment (AD&D)
Some plans may also include rental car coverage
Optional add-ons may include:
Cancel For Any Reason (CFAR)
Adventure sports coverage
Business equipment protection
Higher medical coverage limits
What It Doesn’t Cover
Canceling for non-covered reasons unless you add CFAR
Long-term travel beyond the per-trip duration cap
Medical tourism or pre-planned procedures
Anything that happens before the policy start date
Who Should Consider It?
Annual policies make sense if you:
Take three or more trips per year, especially internationally
Book a mix of flights, cruises, and tours
Don’t want to worry about remembering to buy coverage for every trip
Prefer consistent deductible terms and benefits across all trips
It’s also a good fit for business travelers, digital nomads taking shorter trips, and people with second homes overseas.
What Does It Cost?
Plans usually range from $150 to $500 per year depending on your age, coverage levels, trip length caps, and any optional add-ons. If you travel more than a few times per year, this can work out to be much cheaper than buying insurance per trip.
Top Providers Offering Annual Plans
Here are three of the best-rated annual travel insurance options in 2025:
Allianz offers a range of AllTrips annual plans, including AllTrips Prime. These plans typically cover trip cancellation, interruption, emergency medical, evacuation, trip delay, and sometimes rental car coverage. Allianz is frequently recommended for frequent flyers and business travelers who want all-in-one protection with 24/7 multilingual support. Coverage limits vary based on the plan tier.
Seven Corners has two annual options: one for travel medical coverage and one that includes full trip protection. The full trip protection plan includes cancellation, interruption, baggage, and medical coverage, and offers optional CFAR (cancel for any reason) upgrades and pre-existing condition waivers. This is a good option if you want more comprehensive coverage for both medical issues and travel logistics throughout the year.
GeoBlue offers Trekker annual plans like Trekker Choice and Trekker Essential. These plans focus on high-limit medical and evacuation benefits, making them ideal for international travelers who prioritize health and safety over trip cancellation. They’re especially suited for longer overseas stays or older travelers. Note that GeoBlue plans usually don’t cover cancellation unless paired with another product.
Some other annual providers worth exploring include AIG Travel Guard and World Nomads, though World Nomads is more commonly used for longer single-trip plans.
Final Thoughts
Annual travel insurance isn’t for everyone, but if you’re a frequent traveler, it can offer real savings, simplicity, and consistent coverage. You’ll spend less time shopping for policies and more time focusing on your trips—knowing that you’ve got year-round backup if things go sideways.
