Annual Travel Insurance

3 benefits of annual travel insurance

• Cheaper than buying single trip policies. An annual policy can usually save you money if you're taking three or more trips per year but depending on where you are going, it's possible to save even if you only travel twice.
• Time saver. You don't have to fill out new forms for every new trip. If you get a worldwide policy, you can be covered for domestic trips too.
• Automatic coverage. Have one less thing to think about when you're preparing for your trip. With an annual policy, you just have to buy it once and you'll be covered for the rest of your trips for the next 12 months (as long as you

Looking for the best annual travel insurance?

Based on popularity, here are the top 6 brands that people choose from Finder for their annual travel insurance.

Brand	Maximum trip duration options	Maximum age limit	Overseas medical expenses	Cancellation expenses	Apply
Travel Insurance Saver	45 days	No Age Limit	Unlimited	Chosen Cover	Get quote
1cover	90 days 45 days 21 days	Under 64	Unlimited	Unlimited
Australia Post	60 days 45 days 30 days	Under 74	$5,000,000	Chosen cover
Budget Direct	30 days	Under 75	Unlimited	Unlimited
Insure4less	93 days 62 days 45 days 31 days	Under 66	Unlimited	$7,500
Online Travel Insurance	45 days 30 days 15 days	74 years and under	Unlimited	Chosen cover

*These are the top 6 brands for annual multi-trip policies on Finder between October 2018 - 2019. Limits are for their top level of cover.

How to compare annual travel insurance

Before you start comparing, there are some critical points to consider such as destinations, trip durations and age limits.

• Destinations. Just like normal travel insurance, the price you pay will depend on where you intend ongoing. If you're trying to save money, you can list out specific destinations and get a premium for those places only. If you're going for convenience, select "Worldwide" and you'll be covered for all destinations - including domestic travel, and it's really not that much more expensive for most insurers.
• Trip duration. Annual multi-trip policies will only cover you for the maximum trip duration that you choose at the time you buy the policy. It can vary amongst different brands but it can range from 15 days up to 90 days.
• Age limits. Most brands have an age limit on who can take out an annual policy which is usually around the mid-70s. If you're older you can still get cover but it might be limited to only a few brands.

Now that you've made all the important considerations, you can start comparing! Using our comparison tool:

• Enter your destination
• Enter the departure date of your first trip
• Enter your age
• Then get your quote
• Use the sorting tool to choose a trip duration that's suitable for you
• Use the finder rating to help you choose a level of cover
• Choose a price that suits your budget

Start comparing

This is how your annual travel insurance comparison will appear.

How much does it cost?

Say you take three trips over the course of the year - one week in Bali, three weeks in the US and three weeks in the UK. If you purchase a comprehensive single trip policy with Budget Direct (Finder's top-rated travel insurance policy) for each trip, you're looking at a combined cost of $261.09*. However, Budget Direct's Annual Multi-Trip policy costs $167.40* - meaning you're looking at savings of $93.69.

Better yet, if you opt for a Worldwide annual multi-trip policy from Budget Direct, it's only $21.22 more. Then you won't have to restricted by countries and you'll be covered for trips that weren't expected at the time you bought your policy.

^{*Prices are based on 30 year old traveller with an excess of $200, as of October 2019.}

Annual multi trip travel insurance comparison

Before choosing your policy, consider the maximum duration of each of your trips. Some brands will let you travel for up to 90 days while others will only let you travel up to 30 days. Check out the comparison of annual travel insurance policies from Finder partners below.

Brand	International individual trip duration options	Domestic individual trip duration options	Maximum Age	Apply
Travel Insurance Saver	45 days	45 days	All ages	Get quote
1cover	90 days 45 days 21 days	90 days 45 days 21 days	64
AllClear	45 days 31 days	No Cover	70 and 70+
American Express	60 days 45 days 30 days	60 days 45 days 30 days	69
Australia Post	60 days 45 days 30 days	60 days 45 days 30 days	74
Columbus Direct	60 days	60 days	69
fastcover	63 days 40 days 25 days 15 days	No Cover	64
InsureandGo	60 days 45 days 30 days	60 days 45 days 30 days	100
Insure4less	93 days 62 days 45 days 31 days	93 days 62 days 45 days 31 days	70
Medibank	30 days 45 days 60 days	15 days 30 days	Not stated on the PDS
Online Travel	45 days 30 days 15 days	45 days 30 days 15 days	74
Travel Insuranz	93 days 62 days 45 days 31 days	93 days 62 days 45 days 31 days	70
Virgin	45 days 30 days 15 days	45 days 30 days 15 days	74
Webjet	60 days 45 days 30 days	60 days 45 days 30 days	74
World Care	45 days 30 days 15 days	45 days 30 days 15 days	74
World2cover	30 days	No cover	74
Zoom	45 days 15 days	45 days 15 days	69

What's included?

Multi-trip travel insurance covers all the same things as a single-trip policy. This means you can expect cover for:

• Cruise and Ski cover. Some annual travel insurance policies automatically include cruise and ski cover in their policies. If you plan to go on a cruise or ski during one of your trips, go for a policy that includes these services.
• Medical expenses including evacuation. If you get sick or injured while overseas, your policy will cover the cost of your ambulance, hospital bed, surgery fees and evacuation to the nearest hospital (or back to Australia if necessary). Most annual policies offer unlimited medical for international trips, which helps with peace of mind knowing you're covered no matter where you go.
• Additional emergency expenses. This covers the additional travel and accommodation expenses related to emergencies outside of your control, like becoming medically unfit to travel or the unexpected death of a close relative back home. Most policies will also pay for someone in Australia to travel to you if you're hospitalised overseas.
• Cancellation fees and lost deposits. This covers your non-refundable pre-paid travel expenses and any cancellation fees if you have to cancel your trip due to unexpected events outside of your control.
• Luggage and personal belongings. Covers the repair or replacement costs for luggage and personal items are lost, stolen or damaged during your trip. Some policies will pay you an emergency allowance to help you purchase essential clothing and toiletries if an airline temporarily misplaces your luggage.
• Travel delay. This pays for unexpected meal and accommodation costs when your flight or other prepaid transportation is rescheduled or delayed for a significant amount of time.
• Rental vehicle excess insurance. This brings down the unreasonably high excess car rental companies charge if you damage one of their cars. Some policies offer this for free. Others charge extra for it.
• Personal liability. This pays your legal fees and penalties if you accidentally injure someone or damage their property while travelling.

What's not included?

All policies have a list of exclusions, which outlines what your policy won't cover and what situations will void your policy. You can check out our guide to travel insurance exclusions for a thorough rundown, but here are some of the most common exclusions you'll find:

• You're travelling somewhere there's a travel warning. The Australian Government issues advisories for a reason. If you choose to travel to these countries and ignore these warnings, your insurance will be invalid.
• You don't take care of your belongings. Your insurer won't pay for lost items if you weren't careful with them. This includes leaving your luggage or valuables unattended or leaving your hotel room unlocked.
• You're taking part in extreme or dangerous activities. Most policies won't cover extreme sports or other dangerous activities such as base jumping or mountaineering.
• You were acting recklessly. Your insurer can deny your claim if they find you were acting recklessly at the time. This can include being drunk, being high, breaking the law or putting yourself in harm's way.
• Illness or injury from pre-existing conditions. If you fail to disclose any pre-existing conditions, your insurer could deny medical claims if they think the new injury or illness is related.
• You're pregnant. Most policies will not cover childbirth at all and they'll stop covering pregnancy-related complications up to a certain point in the pregnancy (varies from insurer to insurer). However, they will cover all unrelated medical conditions like a broken wrist for the duration of the trip.

Compare annual multi-trip travel insurance

Not sure where you'll be travelling to? Just enter "worldwide" into the destination box.

Finally, some good news! Domestic travel is picking up, so some insurers have started offering cover again 🦘
Just remember, you won't be covered for any pandemic related claims if you do take out domestic travel insurance.
International travel insurance is limited and sometimes unavailable at this point.

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Questions you might have about annual travel insurance

• Can I buy annual travel insurance if I'm a senior?

  Yes, there are plenty of insurers who will offer annual multi-trip travel insurance policies to seniors. Some will cover people up until the age of 100, while others will set the age limit a little lower. Others don't have an age limit at all, and will consider your age together with your pre-existing conditions and other personal details to determine if they'll cover you or not. You may find that a select few insurers will set a lower age limit on their annual policies than they use on their single policies.

• Are cruises covered under an annual travel insurance policy?

  Some insurers automatically offer cruise cover but most don't. If you're going cruising, you'll most likely need to add cruise cover to your policy for an additional fee.

• What destination do I select?

  Some insurers allow you to select a blanket annual policy that offers a worldwide destination option. Other insurers allow you to pick specific regions and the region you select affects the cost of your policy. If you're going to multiple regions, such as Asia, Europe and the Americas, you can usually just include all three in your quote form. If you're unsure, just call the insurer and ask.

• Can I get a family annual travel insurance policy?

  Yes, there are some insurers that offer annual travel insurance policies for families.

• If I have a family annual travel insurance policy, am I covered if I travel alone?

  It will depend on your provider. However, as long as you're named on the Certificate of Insurance you'll generally be covered if you travel separately.

• Can I get annual insurance for large groups?

  Annual cover is usually not available for groups. If you're planning on travelling in a group, you'll need to opt for a single-trip policy.

• I am going to multiple destinations on my next trip. Do I need an annual multi-trip policy?

  No. You can get cover for multiple destinations on a standard single trip policy, as long as all the destinations are part of one overall journey. There are long term travel insurance policies that cover single trip journeys of up to 540 days. You generally only need the annual policy if you will be returning to Australia between trips.

• I mostly travel for business. Is there any point to buying an annual policy?

  For sure! Business cover is usually included in an annual frequent travel insurance policy, which means it doesn't matter whether you are travelling for business or going on a holiday.

  However, insurers usually won't pay any medical bills that's already covered by your employer's worker's compensation policy. Some policies will also exclude manual labour from cover.

• Is annual travel insurance tax deductible if I'm travelling for work?

  No. Unfortunately, you can't claim travel insurance as a tax deduction.

• Can I get annual travel insurance for more than 90 days?

  Just barely. The longest max-trip duration we've seen is 93 days from Travel Insuranz. If you're taking a single trip that's longer than that, you'll need to get a separate single-trip policy for that trip. You can find single-trip policies that will cover trips of up to 540 days.

• Does an annual policy cover motorcycling?

  Yes. Your travel insurance will generally cover you if you ride a motorbike overseas. However, this will depend on the engine capacity of the bike and whether or not you have a valid motorbike licence and wear the proper protective gear.

Compare annual policies from different brands

Continue reading:

• Long term travel insurance

• Backpacker travel insurance

• Seniors travel insurance

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