How Much Does Annual Travel Insurance Cost?
Annual travel insurance is a smart choice if you take multiple trips in a year. If you travel frequently for work or pleasure an annual travel insurance plan (also called “multi-trip travel insurance”) can save you money and hassle compared to buying separate policies for each trip. With one annual policy you’re covered on every trip you take during the year, as long as each trip is within the allowed duration of the plan. The average cost for an annual travel insurance plan is around $373 per year. This means year-round protection for less than $2 per day, which can be much cheaper than buying single-trip plans repeatedly.What Affects The Cost Of Annual Multi-trip Insurance?
Annual travel insurance costs vary widely based on key factors:
- Your age
Older travelers generally pay more because insurers view age as a higher health risk. Premiums generally climb slowly with age.
- Coverage Type
- Medical-only annual plans tend to be less expensive.
- If you add trip cancellation/interruption coverage, the yearly cost increases noticeably.
- Coverage limits
Higher benefit limits like more emergency medical or evacuation coverage will push the cost up. But this usually isn’t as large a factor as age or plan type.
- Deductible amount
Plans with a lower deductible usually come with a higher premium, since the insurer pays more out of pocket when you make a claim.
- Maximum trip length
Annual plans that allow longer trips per journey tend to cost more, as extended travel increases the risk exposure.
- Travel destinations
Premiums may be higher for coverage that includes countries with expensive healthcare, such as the U.S., due to increased medical costs.
Typical Annual Travel Insurance Costs in 2026
Here’s a snapshot of common annual travel insurance plan costs available through American Visitor Insurance:
Annual Travel Insurance Costs for Coverage in USA
| Plan | Max Coverage | Deductible | Trip Duration | Typical Annual Cost |
|---|---|---|---|---|
| Atlas Multi-Trip Insurance WorldTrips | $1,000,000 | $250 | 30 days | About $257 |
| Patriot Multi-Trip Insurance IMG | $1,000,000 | $250 | 30 days | About $328 |
Annual Travel Insurance Costs Outside the USA
| Plan | Max Coverage | Deductible | Trip Duration | Typical Annual Cost |
|---|---|---|---|---|
| Voyager Annual Insurance TravelInsure | $50,000 | $0 | 90 days | From $100 |
| Multi Trip Gold Insurance BCBS | $500,000 | $200 | 70 days | From $131 |
| Atlas Multi-Trip Insurance WorldTrips | $1,000,000 | $250 | 30 days | From $188 |
| Multi Trip Platinum Insurance BCBS | $1,000,000 | $100 | 70 days | From $184 |
| Patriot Multi-Trip Insurance IMG | $1,000,000 | $250 | 30 days | From $282 |
Source: American Visitor Insurance®
How Age Affects the Cost of Annual Travel Insurance
Age plays a key role in determining the price of annual travel insurance. As travelers get older, premiums generally rise because insurers factor in higher age-related health risks and the increased likelihood of medical claims. Younger travelers typically benefit from lower costs, while seniors may see a noticeable increase in pricing.
Average Cost by Age Group (Medical-Focused Annual Plans)
| Age Group | Example Average Annual Cost |
|---|---|
| 18 – 30 | $170 – $220 |
| 31 – 45 | $230 – $280 |
| 46 – 59 | $270 – $320 |
| 60 – 69 | $310 – $360 |
| 70+ | $340 – $420 |
Younger travelers generally pay less for annual travel insurance, while premiums increase with age due to higher medical risk and potential claim frequency.
How Coverage Type Affects Annual Travel Insurance Costs
The cost of annual travel insurance isn’t determined by age alone, the type of coverage you choose has a major impact on your premium. Most annual multi-trip plans are designed primarily around medical coverage, with added benefits for common travel issues like trip delays or lost baggage.
Some annual plans also include trip cancellation and interruption coverage, but these benefits usually come with annual caps, making them a secondary feature rather than the main focus of coverage.
Average Cost by Coverage Type
| Coverage Type | Example Average Annual Cost |
|---|---|
| Medical Only | $300 – $350 |
| Comprehensive (Medical + Trip Cancellation) | $500 – $600 |
Annual plans that focus mainly on medical coverage are typically the most affordable. Adding trip cancellation and interruption benefits can increase the premium by 50–60%, even though these benefits usually have annual caps.
- A 35-year-old traveler choosing a medical-only annual plan may pay around $250–$300 per year.
- The same traveler selecting a comprehensive annual plan could pay $500 or more annually.
This example highlights how both age and coverage type significantly influence the overall cost of annual travel insurance.
Get Your Cost Estimate
To see exact pricing tailored to your age, destinations and travel style, use our compare annual travel insurance or speak to one of our licensed agents. A customized quote ensures you get the most accurate cost for your annual travel insurance plan.
Annual Travel Insurance Reviews
Reviews, Ratings and Experiences from Our Customers
Ethan
"I am pleased to say that your company is very professional in the field of Insurance."
Cinnia
"Thank you American Visitor Insurance! You went way beyond what I would expect from an insurance company."
Moshe
"Appreciate all the help that you provided me. It really worked well and I was able to purchase the cover I was looking for."