You may already know that annual travel insurance can be a great choice for frequent travelers. One plan for one affordable price = 365 days of protection! If you typically take more than two trips in a year, an AllTrips plan can save you money and give you peace of mind.

However, annual travel insurance plans aren’t all the same. Before you commit, pause for a moment and think about what you really need. These 7 questions are a good place to start.

1. What’s your travel budget?

Any AllTrips plan can be a good deal for frequent travelers, when you compare the cost of buying one annual plan to the cost of multiple single-trip plans. But if you’re on a fixed budget, what are the best options?

The lowest-priced plan is AllTrips Basic. You get a full range of benefits to protect you while you’re traveling: emergency medical, emergency medical transportation, baggage loss/damage, baggage delay, travel delay, and rental car damage/theft coverage. This plan does not include trip cancellation/trip interruption benefits, however.

Another economical choice is AllTrips Prime. You get all the benefits (with the same max limits) as AllTrips Basic, along with trip cancellation and trip interruption benefits. If you have to cancel your trip or cut it short for a covered reason, AllTrips Prime can reimburse your nonrefundable trip costs—and that means the plan may very well pay for itself.

2. How much do you spend on an average trip?

Each AllTrips plans has a maximum limit for trip cancellation and interruption benefits. Make sure the plan you choose has a high enough limit to cover a typical trip:

• AllTrips Prime: $3,000 per insured person, per year
• AllTrips Executive: $5,000, $7,500, or $10,000 per insured person, per year
• AllTrips Premier: $2,000, $5,000, $10,000, or $15,000 per policy, per year

When you buy an annual travel insurance plan, your trip cancellation and interruption benefit limit is for the whole year. Let’s say you have an AllTrips Prime plan and you file a claim for $2,500 after canceling a cruise in January. That means you only have $500 left to cover any other trip cancellations for the duration of your plan.

Don’t let this stop you from buying an AllTrips plan! Just be aware that you may want to purchase extra insurance to cover cancellations/interruptions for future trips if you end up filing a big claim for one trip.

3. How far are you planning to travel?

You don’t need to know where you’re traveling before buying an annual travel insurance plan. It can protect you whether you’re driving 100 miles away or flying to Australia. However, if you intend to visit a remote part of the world, you’ll probably want to choose a plan with higher limits for emergency medical care and emergency transportation.

That’s because the cost of a medical evacuation can be huge if you get sick or injured while traveling in a remote location. If you’re planning a mountain trek, a wilderness hike, or any trip that takes you far from urban areas and modern hospitals, you need a plan with generous emergency medical benefits, like AllTrips Executive or AllTrips Premier. (Emergency medical and emergency transportation benefit limits are per insured person, per trip.)

4. Do you typically travel alone or with family?

There’s one great option for annual travel insurance for the family: AllTrips Premier. You get robust travel insurance benefits for an entire household, which is ideal for a family that’s planning multiple trips together in the next 12 months.

What if you’re planning only one big family vacation, then taking the rest of your trips solo? If that’s the case, you may want to purchase annual insurance just for yourself, then the single-trip OneTrip Prime or OneTrip Premier plan to protect the family vacay. Both cover kids 17 and under for free when they’re traveling with a parent or grandparent (not available on policies issued to Pennsylvania residents). 

5. Do you often rent a car when you travel?

The cost to insure a rental car is a big travel expense that many people overlook. In the United States, you may pay as much as (or even more than) $30 per day for a collision damage waiver, which protects you from paying for damage to the car.¹ In Europe, you may pay $15-$30 per day for a CDW and still have to pay a deductible of $1,000+ if anything happens.²

AllTrips plans include up to $45,000 in rental car damage and theft coverage, with no deductible, whether you’re traveling in the U.S. or internationally. (Rental car damage and theft coverage, when purchased as part of an annual plan, is not available to KS, TX, and NY residents. For WA residents, rental car damage and theft coverage may not be available in all plans. See your plan details for additional information.)

6. Are you planning to travel for work in the year to come?

Business travel in the U.S. is on the rebound.³ This means that you may soon have to resume traveling for work (if you haven’t already). It would be wonderful if your employer-provided travel insurance to protect you… but most companies don’t. If your trip is delayed, if you get sick overseas, or if something happens to your baggage, you’re on your own.

That’s why frequent business travelers often buy the AllTrips Executive plan. This annual travel insurance plan can protect business, pleasure and blended trips for one affordable annual rate. It includes special benefits for business equipment: If your equipment gets lost, stolen, damaged or delayed by a common carrier, you can get up to $1,000 to replace or repair it and up to $1,000 to rent a replacement. This can be a lifesaver for self-employed people or those who often travel to conferences and conventions.

Compared to AllTrips Prime, AllTrips Executive has higher maximum limits on many benefits:  

• Up to $50,000 in emergency medical benefits
• Up to $250,000 in emergency medical transportation
• Up to $1,600 in travel delay
• Multiple tiers of coverage for trip cancellation/interruption up to $10,000
  
  

7. How old are you?

Trick question! Unlike single-trip insurance plans, the cost of annual travel insurance is not affected by the traveler’s age. A 75-year-old traveler will pay the same as a 25-year-old traveler. That means the best annual travel insurance plan for seniors is…. any annual plan at all.

Not sure which plan is the right choice for you? Contact us anytime. We’re here to answer your questions and help you make the right choice.

Get a quote for annual travel insurance.

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• 3 Things You Need to Know About Buying an Annual Travel Insurance Policy