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When is annual travel insurance worth it?

Looking for annual travel insurance but not sure if it's a good deal? Find out how many single trips you have to make each year for a multi-trip policy to be worth the money

One of the more common questions about annual travel insurance is, "At what point does annual travel insurance become better value for money than a single trip policy?"

Putting to one side for a moment the time saving and convenience factors, we got quotes for a fictional traveller going to each major region for both single trips and multiple trips.  looked at how much an annual travel insurance policy cost for each major travel region and divided that by the cost of a single trip policy for the same region. For the purpose of this comparison, we got our quote for the following fictional traveller:

  • Age: 35
  • Single trip duration: Two weeks
  • Single trip policy: Comprehensive single trip
  • Annual policy single trip duration: Default 

Single vs annual travel insurance for the South Pacific

  • Minimum number of trips: 1.96
  • Maximum number of trips: 8.69
  • Average number of trips: 4.97
BrandSingleAnnualNo. of tripsApply
$58.85$3696.27Get quote
AMEX Travel Insurance$66.75$4356.52Get quote
AIG$117$5244.48Get quote
Budget Direct$50.16$159.143.17Get quote
citibank$53.28$3807.13Get quote
columbus-direct-logo$58$2995.16Get quote
CoverMore$63$1872.97Get quote
Easy Travel Insurance$81.90$165.752.02Get quote
Fast Cover$62.50$285.904.57Get quote
Go Insurance$57.57$314.635.47Get quote
InsureandGo$66.82$252.693.78Get quote
simplytravelinsurance$73.18$4385.99Get quote
Skiinsurance.com.au$63.50$2493.92Get quote
SCTI$53$2644.98
Travel Insurance Direct$60$3656.08Get quote
Travel Insurance Saver$84.75$165.751.96Get quote
TravelInsuranz$53.95$299.955.56Get quote
Virgin Money$53.10$261.324.92Get quote
Woolworths$52.28$301.415.77Get quote
Worldcare Travel Insurance$49.19$427.298.69Get quote
youGo$41$1543.76Get quote
  • Age: 35
  • Single trip duration: Two weeks
  • Single trip policy: Comprehensive single trip
  • Annual policy single trip duration: Default 

Single vs annual travel insurance for Asia

  • Minimum number of trips: 1.6
  • Maximum number of trips: 7.04
  • Average number of trips: 3.95
BrandSingleAnnualNo. of tripsApply
$76.85$3694.80Get quote
AMEX Travel Insurance$92.77$4354.69Get quote
AIG$154$5243.40Get quote
Budget Direct$68.51$200.892.93Get quote
Check-In.com.au Travel Insurance$91.59$301.413.29Get quote
citibank$63.99$3805.94Get quote
columbus-direct-logo$75$2993.99Get quote
CoverMore$90$1872.08Get quote
Easy Travel Insurance$103.60$165.751.60Get quote
Fast Cover$73.50$285.903.89Get quote
Go Insurance$80.16$314.633.93Get quote
InsureandGo$83.53$252.693.03Get quote
simplytravelinsurance$86.84$4385.04Get quote
Skiinsurance.com.au$117.14$5494.69Get quote
SCTI$74$3454.66Get quote
Travel Insurance Direct$73.99$3654.93Get quote
Travel Insurance Saver$96.20$165.751.72Get quote
TravelInsuranz$69.95$299.954.29Get quote
Virgin Money$68.89$261.323.79Get quote
Woolworths$79.96$301.413.77Get quote
Worldcare Travel Insurance$60.66$427.297.04Get quote
youGo$62$1542.48Get quote
Zuji$90.64$444.444.90Get quote
  • Age: 35
  • Single trip duration: Two weeks
  • Single trip policy: Comprehensive single trip
  • Annual policy single trip duration: Default 

Single vs annual travel insurance for Africa

  • Minimum number of trips: 1.14
  • Maximum number of trips: 5.55
  • Average number of trips: 3.32
BrandSingleAnnualNo. of tripsApply
$99.85$3893.90Get quote
AMEX Travel Insurance$131.76$435.003.30Get quote
AIG$179$5242.93Get quote
Budget Direct$88.77$223.612.52Get quote
Check-In.com.au Travel Insurance$103.46$301.412.91Get quote
citibank$85.41$3804.45Get quote
columbus-direct-logo$91$2993.29Get quote
CoverMore$116$2402.07Get quote
Easy Travel Insurance$144.90$165.751.14Get quote
Fast Cover$92.90$258.902.79Get quote
Go Insurance$80.16$444.895.55Get quote
InsureandGo$79.67$252.693.17Get quote
simplytravelinsurance$101.16$4384.33Get quote
Skiinsurance.com.au$177.14$5493.10Get quote
SCTI$74$3454.66Get quote
Travel Insurance Direct$99$3653.69Get quote
Travel Insurance Saver$134.55$165.751.23Get quote
TravelInsuranz$74.95$299.954.00Get quote
Virgin Money$85.16$326.653.84Get quote
Woolworths$94.94$301.413.17Get quote
Worldcare Travel Insurance$92.61$427.294.61Get quote
youGo$92$2032.21Get quote
Zuji$129.03$444.443.44Get quote
  • Age: 35
  • Single trip duration: Two weeks
  • Single trip policy: Comprehensive single trip
  • Annual policy single trip duration: Default 

Single vs annual travel insurance for Europe

  • Minimum number of trips: 1.39
  • Maximum number of trips: 6.12
  • Average number of trips: 3.52
BrandSingleAnnualNo. of tripsApply
$84.85$3694.35Get quote
AMEX Travel Insurance$131.76$435.003.30Get quote
AIG$179$5242.93Get quote
Budget Direct$88.77$223.612.52Get quote
Check-In.com.au Travel Insurance$103.46$301.412.91Get quote
citibank$74.70$3805.09Get quote
columbus-direct-logo$83$2993.60Get quote
CoverMore$90$1872.08Get quote
Easy Travel Insurance$119$165.751.39Get quote
Fast Cover$82.70$285.903.46Get quote
Go Insurance$80.16$314.633.93Get quote
InsureandGo$55.09$252.694.59Get quote
simplytravelinsurance$96.40$4384.54Get quote
Skiinsurance.com.au$135$3992.96Get quote
SCTI$74$3454.66Get quote
Travel Insurance Direct$99$3653.69Get quote
Travel Insurance Saver$110.50$165.751.50Get quote
TravelInsuranz$74.95$299.954.00Get quote
Virgin Money$72.22$261.323.62Get quote
Woolworths$94.94$301.413.17Get quote
Worldcare Travel Insurance$69.84$427.296.12Get quote
youGo$68$1542.26Get quote
Zuji$101.97$444.444.36Get quote
  • Age: 35
  • Single trip duration: Two weeks
  • Single trip policy: Comprehensive single trip
  • Annual policy single trip duration: Default

Single vs annual travel insurance for North America

  • Minimum number of trips: 1.64
  • Maximum number of trips: 4.61
  • Average number of trips: 3.21
BrandSinglevAnnualNo. of tripsApply
$99.85$3893.90Get quote
AMEX Travel Insurance$131.76$435.003.30Get quote
AIG$236$7283.08Get quote
Budget Direct$103.95$259.792.50Get quote
Check-In.com.au Travel Insurance$111.71$301.412.70Get quote
citibank$85.41$3804.45Get quote
Columbus Direct$105$3453.29Get quote
CoverMore$116$2402.07Get quote
Easy Travel Insurance$167.30$274.951.64Get quote
Fast Cover$92.90$258.902.79Get quote
Go Insurance$121.24$444.893.67Get quote
InsureandGo$99.51$252.692.54Get quote
simplytravelinsurance$101.16$4384.33Get quote
Skiinsurance.com.au$177.14$5493.10Get quote
SCTI$93$4294.61Get quote
Travel Insurance Direct$107$3653.41Get quote
Travel Insurance Saver$155.35$274.951.77Get quote
TravelInsuranz$95.95$359.953.75Get quote
Virgin Money$89.64$326.653.64Get quote
Woolworths$102.51$301.412.94Get quote
Worldcare Travel Insurance$92.61$427.294.61Get quote
youGo$92$2032.21Get quote
Zuji$129.03$444.443.44Get quote
  • Age: 35
  • Single trip duration: Two weeks
  • Single trip policy: Comprehensive single trip
  • Annual policy single trip duration: Default  

Single vs annual travel insurance for South America

  • Minimum number of trips: 1.64
  • Maximum number of trips: 5.34
  • Average number of trips: 3.33
BrandSingleAnnualNo. of tripsApply
$96.85$389 4.02Get quote
AMEX Travel Insurance$126.74$4353.43Get quote
AIG$236$7283.08Get quote
Budget Direct$103.95$259.792.50Get quote
Check-In.com.au Travel Insurance$111.71$301.412.70Get quote
citibank$85.41$3804.45Get quote
columbus-direct-logo$101$345$345Get quote
CoverMore$116$2402.07Get quote
Easy Travel Insurance$167.30$274.951.64Get quote
Fast Cover$92.90$495.905.34Get quote
Go Insurance$121.24$444.893.67Get quote
InsureandGo$99.51$252.692.54Get quote
simplytravelinsurance$101.16$4384.33Get quote
Skiinsurance.com.au$177.14$5493.10Get quote
SCTI$93$4294.61Get quote
Travel Insurance Direct$107$3653.41Get quote
Travel Insurance Saver$155.35$274.951.77Get quote
TravelInsuranz$95.95$359.953.75Get quote
Virgin Money$89.64$326.653.64Get quote
Woolworths$102.51$301.412.94Get quote
Worldcare Travel Insurance$92.61$427.294.61Get quote
youGo$92$2032.21Get quote
Zuji$129.03$444.443.44Get quote

*All prices are correct as of September 2015. Prices should be used for illustrative purposes only as the cost of a policy is libel to change. 

What does this mean?

As you can see, getting value for money from your annual travel insurance policy varies depending on where you're going and for how long.

If you combine the average number of trips for all regions, the minimum number of trips you'd need to take to make multi-trip travel insurance policy worth the money is 3.72.
Picture: Shutterstock

Richard Laycock

Richard is the senior insurance writer at finder.com.au and is on a mission to make insurance easier to understand.

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