The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.

Should You Buy Single-Trip or Annual Multi-Trip Travel Insurance?

Compare Cheap Travel Insurance

Protect your holiday today. Quick quotes from over 45 insurers.

{"applyCallToAction":"Get Quotes","defaultSelectedItem":"travel","description":"Protect your holiday today. Quick quotes from over 45 insurers.","formType":"Insurance","onCurrent":true,"options":[{"label":"Car Insurance","url":"http:\/\/nimblefins.quotezone.co.uk\/car\/index.php?id=76f4ecd6e1ca7c2f442633593566fdaa","value":"car"},{"label":"Home Insurance","url":"http:\/\/nimblefins.quotezone.co.uk\/home\/index.php?id=76f4ecd6e1ca7c2f442633593566fdaa","value":"home"},{"label":"Motorbike Insurance","url":"http:\/\/nimblefins.quotezone.co.uk\/bike\/index.php?id=76f4ecd6e1ca7c2f442633593566fdaa","value":"motorbike"},{"label":"Pet Insurance","url":"https:\/\/www.comparecover.com\/xml\/affiliate.cfm?affiliate=nimblefins&affiliatenumber=223&type=pet","value":"pet"},{"label":"Travel Insurance","url":"https:\/\/www.comparecover.com\/xml\/affiliate.cfm?affiliate=nimblefins&affiliatenumber=223&type=travel","value":"travel"}],"title":"Compare Cheap Travel Insurance"}

Once you’ve decided to buy travel insurance, the next logical question is should you buy a single or multi-trip policy? There are a number of factors to consider, but the primary factor is the frequency with which you travel. We’ll discuss that and other factors to consider such as destination, extras like winter sports and convenience, to help you decide which is the most economical route for you.

How Many Times a Year do You Travel?

On average, if you travel 2 or more times a year then an annual, multi-trip policy will save you money on your insurance premium. This is because multi-trip policies cost on average 2X a 7-day single-trip policy, as you can see in the chart below. The frequency of your trips is by far the largest deciding factor when comparing single and multi-trip policies.

Chart showing that Multi-Trip Travel Insurance Costs 2X Single-Trip Insurance
On Average, Multi-Trip Travel Insurance Costs 2X Single-Trip Insurance

Where do you Go?

While on average, travelling twice a year is more economical on a multi-tip policy than buying two single-trip policies, the breakeven analysis changes a bit when destinations are taken into account. This is particularly true for those travelling to Europe only.

When it comes Europe-only travel, a multi-trip policy costs 2.4X a single-trip policy. As a result, those travelling exactly twice a year to Europe are likely to pay less for travel insurance by purchasing two single-trip policies, rather than one annual multi-trip policy.

The most common way in which insurance companies break up geographies is: Europe, Worldwide excluding the USA & Canada (and maybe some islands like the Caribbean) and finally Worldwide including the USA & Canada. In the table below, you can see how the breakeven between single and multi-trip policies differs by destination.

Should You Buy Single or Multi-Trip? Depends How Often You Travel

DestinationAverage Single-Trip Policy CostAverage Multi-Trip Policy CostBreakeven Number of Trips
Europe only£18.19£44.012.4
Worldwide excluding USA & Canada£34.21£63.821.9
Worldwide including USA & Canada£42£73.761.8
Average£30.82£59.781.9

Should You Buy Single or Multi-Trip? Depends on the Length of Your Trip

Interestingly, if you are taking only one trip in a year but it is on the longer side, say 20-30 days, then it may come out cheaper to buy an annual multi-trip policy than a single-trip policy.

When it comes to pricing single-trip policies, insurers typically charge according to trip duration—the longer the trip, the higher the premium. This type of pricing is quite logical, because the longer you are away, the more likely you are to have an incident and make a claim.

In fact, prices on single-trip policies increase so dramatically that a 20-day single trip costs nearly the same as an annual policy in some cases. In the chart below you can see how 7-day and 20-day single policies compare to the cost of an annual multi-trip policy.

Chart showing that As Trip Length Increases, Single-Trip Premium Approaches Multi-Trip Premium
As Trip Length Increases, Single-Trip Premium Approaches Multi-Trip Premium

Extras like Winter Sports

Usually, the add-on cost of travel insurance extras is lower for a single-trip policy than an annual multi-trip policy. The is one major exception is Winter Sports. Adding winter sports to your travel insurance actually costs less on an annual policy on average. There is a bit of inconsistency in how insurers price the winter sports add on, so be sure to check both single and multi-trip policies before you decide—even if you’re only travelling once in the year.

Chart showing the add-on cost of winter sports to single-trip and annual multi-trip insurance policies
Average Add-On Cost of Winter Sports for Single and Multi-Trip Travel Insurance

The average cost of travel insurance in the UK varies significantly by these factors (e.g., frequency of travel, destination and extras) so be sure to consider which features you need, and which you don't.

Compare Cheap Travel Insurance

Protect your holiday today. Quick quotes from over 45 insurers.

{"applyCallToAction":"Get Quotes","defaultSelectedItem":"travel","description":"Protect your holiday today. Quick quotes from over 45 insurers.","formType":"Insurance","onCurrent":true,"options":[{"label":"Car Insurance","url":"http:\/\/nimblefins.quotezone.co.uk\/car\/index.php?id=76f4ecd6e1ca7c2f442633593566fdaa","value":"car"},{"label":"Home Insurance","url":"http:\/\/nimblefins.quotezone.co.uk\/home\/index.php?id=76f4ecd6e1ca7c2f442633593566fdaa","value":"home"},{"label":"Motorbike Insurance","url":"http:\/\/nimblefins.quotezone.co.uk\/bike\/index.php?id=76f4ecd6e1ca7c2f442633593566fdaa","value":"motorbike"},{"label":"Pet Insurance","url":"https:\/\/www.comparecover.com\/xml\/affiliate.cfm?affiliate=nimblefins&affiliatenumber=223&type=pet","value":"pet"},{"label":"Travel Insurance","url":"https:\/\/www.comparecover.com\/xml\/affiliate.cfm?affiliate=nimblefins&affiliatenumber=223&type=travel","value":"travel"}],"title":"Compare Cheap Travel Insurance"}

Comments and Questions

The guidance on this site is based on our own analysis and is meant to help you identify options and narrow down your choices. We do not advise or tell you which product to buy; undertake your own due diligence before entering into any agreement. Read our full disclosure here.