Best Annual Travel Insurance 2022: Protect Yourself and Your Wallet

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Traveling is exciting, but it can also be unpredictable. No one wants to think about the worst-case scenario, but it’s important to be prepared in case something happens on your trip. That’s where travel insurance comes in. Especially if you’re a frequent traveler, annual travel insurance can provide a lot of value.

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What is Annual Travel Insurance?

Annual travel insurance is a type of policy that covers you for multiple trips in a year. Instead of buying a new policy every time you travel, you pay one upfront fee and have coverage for all your trips during that year.

The exact coverage you get can vary depending on the policy you choose, but most annual travel insurance policies cover things like:

  • Emergency medical expenses
  • Emergency medical evacuation
  • Trip cancellation or interruption
  • Lost, stolen, or damaged luggage and personal belongings
  • Travel delays and missed connections

Why Choose Annual Travel Insurance?

There are a few reasons why annual travel insurance might be a good option:

  • You’re a frequent traveler and it’s more convenient to have coverage for all your trips.
  • You might save money compared to buying individual policies for each trip.
  • You’ll have peace of mind knowing that you’re covered for unexpected events.

But not all annual travel insurance policies are created equal. It’s important to do your research before choosing a policy to make sure you’re getting the coverage you need.

Best Annual Travel Insurance Policies for 2022

After extensive research, we’ve narrowed down the best annual travel insurance policies for 2022. Here are our top picks:

Policy
Coverage Amount
Price (USD)
World Nomads
Unlimited
$458
Allianz Global Assistance
$1,000,000
$199
Seven Corners
$1,000,000
$195
IMG
$1,000,000
$240

Note: These prices are per person and may vary based on the age and destination of the traveler.

World Nomads

World Nomads is a popular choice for travelers because of their flexible coverage options. They offer two types of annual travel insurance policies:

  • Standard: Covers emergency medical expenses, emergency medical evacuation, trip cancellation or interruption, and baggage and personal belongings.
  • Explorer: Covers all the above, plus adventure and extreme sports, trip delay, and terrorism.

Both policies are available to residents of 150+ countries and can cover trips up to 180 days. One downside is that their pricing can be higher than some other options.

Allianz Global Assistance

Allianz Global Assistance is a reliable option for travelers who want a reputable insurer. Their annual travel insurance policy covers emergency medical expenses, emergency medical evacuation, trip cancellation or interruption, and baggage and personal belongings.

One benefit of Allianz Global Assistance is their 24/7 customer service and travel assistance. They also offer a variety of add-ons like rental car damage coverage and identity theft protection.

Seven Corners

Seven Corners offers a comprehensive annual travel insurance policy that covers emergency medical expenses, emergency medical evacuation, trip cancellation or interruption, and baggage and personal belongings.

They also offer add-ons for sports and activities, like skiing and scuba diving. Their pricing is competitive and they have a reputation for good customer service.

IMG

IMG’s annual travel insurance policy covers emergency medical expenses, emergency medical evacuation, trip cancellation or interruption, and baggage and personal belongings.

They also offer a variety of add-ons like rental car collision coverage and adventure sports coverage. Their pricing is mid-range and they have good customer reviews.

FAQ

What does annual travel insurance cover?

Annual travel insurance typically covers emergency medical expenses, emergency medical evacuation, trip cancellation or interruption, and lost or stolen luggage and personal belongings. Some policies also cover travel delays, missed connections, and extreme sports.

How much does annual travel insurance cost?

The cost of annual travel insurance can vary based on your age, destination, and the coverage you choose. On average, you can expect to pay anywhere from $200 to $500 per person.

Do I need annual travel insurance?

If you’re a frequent traveler, annual travel insurance can provide a lot of value. It can save you money compared to buying individual policies for each trip and give you peace of mind knowing that you’re covered for unexpected events.

What should I look for in an annual travel insurance policy?

When choosing an annual travel insurance policy, it’s important to consider factors like coverage limits, exclusions, and add-ons. Make sure you read the fine print and understand what’s covered and what’s not.

Can I buy annual travel insurance for my family?

Yes, many annual travel insurance policies allow you to add family members to your policy for an additional fee. This can be a cost-effective way to protect your entire family while traveling.

How do I make a claim on my annual travel insurance?

If something happens on your trip and you need to make a claim on your annual travel insurance, contact your insurer as soon as possible. They will provide you with the necessary forms and information to file your claim. Make sure you keep all relevant documentation, like receipts and medical records.

Conclusion

Annual travel insurance is a smart investment for frequent travelers who want peace of mind and protection for unexpected events. By choosing one of our top picks for 2022, you can be sure that you’re getting the coverage you need at a competitive price. Safe travels!

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