Annual Travel Insurance

Compare a range of annual travel insurance policies with Savvy today.

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, updated on September 4th, 2023       

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Compare Travel Insurance Quotes in 30 Seconds

Taking out annual travel insurance can be a timesaver if you’re a frequent flyer, saving you the hassle of taking out individual policies for consecutive trips. If you’re tossing up which multi-trip policy is best, you can compare a variety of offers with Savvy today.

We're partnered with some of the leading travel insurance companies in Australia to give Australians like you the opportunity to consider high-quality offers quickly and conveniently, with a simple, 100% online process from start to finish. Get the wheels in motion on your application today with a free quote through us.

How does annual travel insurance work?

Annual travel insurance, or multi-trip insurance, is a type of cover which can offer protection for multiple trips across 12 months. You only pay one premium and providers set limits on how much you can travel, which will vary depending on who you choose to go with. Some insurers can offer cover for an unlimited number of trips taken up to a maximum of 90 days each, but this won't be the case for every provider. As such, it's important to compare your options and find out what you'll be covered for before you purchase your policy.

Travel insurance companies usually have a few requirements around taking out this sort of coverage. For example, some companies will place age limits on travellers buying this policy, such as not covering those over the age of 65, while most will require that the journey you take must start and end in Australia.

Annual travel insurance can cover you for a wide range of incidentals, all of which are subject to qualification requirements set in place by your insurer. Some of these can include:

  • Cancellation costs
  • Lost or damaged items
  • Healthcare costs
  • Personal liability in the event of an accident overseas
  • The excess on a rental car
  • Travel delay expenses such as meals and accommodation

Additionally, some providers may also allow you to bundle additional coverage into your travel insurance (depending on the type you choose), such as:

  • Cruise ship
  • Motorcycles
  • Skiing and other winter sports
  • Scuba diving and other adventure sports or activities

When should I take out annual travel insurance?

One of the key benefits of travel insurance of this kind is that, if you travel several times a year, it can potentially save time compared to taking out individual policies for each trip you embark on. As such, annual insurance can be suited to several different travellers, including:

  • Business travellers: if you’re frequently between cities for business, annual travel insurance may be able to save you from sorting insurance before every domestic or international journey.
  • Frequent jet setters: if you're someone who is planning more than two international or domestic trips each year, you may find that annual travel insurance is a more affordable option than multiple single-trip policies (though it's important to compare your options to confirm how much you may pay before you buy).
  • Families: if you’re hitting the road or the skies often with your partner, spouse or wider family members, annual coverage may save valuable time and money, depending on your situation.

Annual travel insurance is designed to suit travellers taking several trips per year (usually more than two) rather than one long holiday. Make sure you compare annual travel insurance options so you can be clear on what is and isn't covered by different providers and policies.

How do I compare annual travel insurance policies?

When you’re comparing travel insurance policies with Savvy, be sure to weigh up the following factors:

Destinations covered

Not all travel insurers will provide coverage for the same destinations around the world. As such, it's important to know the locations you're planning to travel to so you can cross-reference with different insurers and determine whether they can be covered. Some insurers also offer the ability to purchase worldwide cover, which can protect you from covered events in a wide range of countries (covered circumstances and locations will be subject to your insurer's terms and conditions).

Inclusions and exclusions

Travel insurance policies come with a range of inclusions and exclusions, which will vary depending on who you choose. It’s crucial to compare these so you can be aware of what different companies and policies include and exclude, which may help you decide on what type of cover is best for your needs.

Pre-existing conditions

Cover for pre-existing conditions varies from insurer to insurer, as each may have their own list of conditions which are automatically covered and those which aren't (some insurers may also have a list of conditions which can only be covered by paying an extra premium). As such, it’s essential to compare insurers if you have a pre-existing condition, as it may be important to find one which can offer you cover where you need it.

Covered length (and number) of trips

The number of trips covered by your policy and the maximum duration of each individual trip may vary depending on who you choose to purchase your policy with, as outlined above. Because of this, it's important to compare your options, as not every policy may suit your requirements.

Age limits

If you’re a mature-aged traveller, getting an annual travel insurance policy can be tough. Some insurance companies are unlikely to cover you if you’re over the age of 65; however, there may some who set higher limits. It's important to note that receiving coverage will still be subject to you meeting your insurer's other qualification criteria.


When you make a claim on your travel insurance, you’ll need to pay a gap, known as an excess, in most cases. You can generally choose what this sum is, although different insurers may have different requirements depending on the type of cover and your profile. With some insurers, you may not be required to pay an excess in certain situations, though no excess typically leads to more costly premiums. As such, it's important to consider where your priorities lie when determining which policy and excess is most suited to your needs.

Types of travel insurance

Why compare travel insurance with Savvy?

How to reduce the cost of your annual travel insurance

The pros and cons of annual travel insurance


May be more affordable for frequent flyers

Choosing an annual travel insurance policy may be more cost-effective than purchasing individual policies if you're planning to take more than two trips per year, both close to home and overseas, such as a getaway to Canada.

Less time-consuming

Rather than going through the process of purchasing a different policy each time you travel, an annual policy may be able to help you save time overall.

Flexible travel coverage

Some insurers may enable you to access cover for an unlimited number of trips per year up to 90 days each (subject to their other qualification criteria).


Age limits

Multi-trip policies usually have age restrictions in place which make it more difficult for seniors to purchase them.

May be more expensive for one or two trips

The policy in itself can be more expensive to purchase than a single-trip policy, meaning it may be cheaper to stick to individual policies if you're only planning one or two trips.

Commonly asked annual travel insurance questions

Does annual travel insurance provide COVID-19 coverage?

There are providers who can offer cover for a range of COVID-19-related costs, such as cancellation or medical costs. However, whether you're covered will come down to your insurer's terms and conditions regarding the circumstances surrounding your claim (for instance, some may not offer reimbursement if the claimable event occurred within 72 hours of buying your policy), so it's important to compare your options and find out what you can be covered for.

Can I get multi-trip travel insurance for cruise holidays?

Yes – some providers can offer annual coverage if you’re a frequent passenger on cruise ships. This may be included automatically, but other insurers may require you to purchase this as an optional extra. As is the case with other types of insurance, your coverage (which can include things like medical expenses and evacuation while at sea) is subject to the terms and conditions set in place by your insurer.

Does annual travel insurance cover loss of income?

There are companies which can offer income cover as part of your travel insurance package. For instance, if you become disabled as a result of an injury while on your travels and are subsequently unable to work due to the ongoing disablement for over 30 successive days, your insurer may be able to provide you with some cover (subject to the nature of the incident and your injury, as well as other qualification criteria). Check with your insurer to help determine what you can be covered for. 

Can I get 24/7 assistance with annual travel insurance?

There are travel insurance providers which can offer you 24/7 emergency medical assistance if your illness or injury is deemed claimable. Some of the benefits which may be provided as part of their 24/7 emergency support include:

  • Helping you access a medical practitioner if you require emergency treatment
  • Organising medical evacuation or repatriation
  • Return travel to Australia for your dependents if they're without supervision
  • Arranging a translator over the phone (unless required for legal documents)
Does annual travel insurance come with a cooling-off period?

Most policies come with a cooling-off period of anywhere between 14 and 30 days. However, this depends on who you choose to purchase your insurance through. It’s worth keeping in mind that you won’t be able to cancel your policy if you've already made a claim or if have already departed on your holiday.

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We do not compare all travel insurance brands currently operating in the market. Any advice presented above or on other pages is general in nature and does not consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.

Savvy earns a commission from our partners each time a customer buys a travel insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via their websites.

Before purchasing your policy, we recommend you refer to the provider’s PDS for any further information on the terms, inclusions and exclusions.