Annual Travel Insurance

Many people travel once a year, usually on package holidays – but these days the combination of cheap flights and busy lives mean that more and more people take a number of short breaks throughout the year. If that sounds like you, then annual travel insurance could save you a fortune.

For single travellers, annual travel insurance is likely to set you back four times the cost of cover for a single trip, so if you do a lot of travelling you'll save an awful lot of money by opting for annual travel insurance instead of several single-trip policies. It's a time-saver too: because you're covered all year round, you don't need to arrange insurance every time you travel.

Annual travel insurance is particularly handy if you've got a family: for example, Nationwide covers children to the age of 23 provided they still live at home and study full-time. You'll often find that your annual travel insurance policy covers your kids if they travel without you – although not all policies do this, so it's important to read the terms and conditions carefully.

If you only take one foreign trip per year then annual travel insurance is a waste of money, but if you travel more frequently it could save you a fortune.