Annual travel insurance is the most convenient option for frequent travelers who want to travel without any worries and to save some money at the same time.
Of course, before you buy annual travel insurance, make sure that this is your best option. In my case, for example, there is no doubt about since due to my work, I have to travel to South America at least once a month so I can save a tone by buying annual multi-trip travel insurance.
In addition to these business trips, every time I take vacations, I travel abroad and if I have some days off, I make a getaway.
As you see, I’m a frequent traveler, so eight months ago I decided to buy multi-trip annual travel insurance and stop spending money on insurance for each individual trip.
I’m sure that is the best option for me and later I will tell you about my experience, but now I want to help you find out if annual travel insurance is the most suitable option for you.
Annual multi-trip travel insurance
In this comprehensive guide to annual travel insurance, you’ll find:
- What is annual travel insurance?
- How does annual travel insurance work?
- Compare annual travel insurance plans
- Which is the best annual travel insurance for frequent travelers
- How much is annual travel insurance?
- How much can you save with an annual travel insurance plan?
- What does multi-trip travel insurance cover?
- How to get a cheap annual travel insurance policy
- Travel insurance for multiple trips review
I have also prepared an annual travel insurance comparison between the best providers for multiple travel insurance. But before going there, you must know first that yearly travel insurance with 365 days coverage is not the same than long-term travel insurance.
The first one is insurance for frequent travelers, that is, it covers all the trips you take during a year with a limit of days per trip, while the second one covers you every day of a long-term trip that can last a year or even more. For example, I have a Heymondo policy, which covers trips of up to 120 days during a year. However, most annual multi-trip insurance providers covers trips of up to 60 or 90 days.
What is annual travel insurance?
Annual travel insurance is an insurance that covers each and every one of the trips you take within one year.
This is frequent traveler insurance, therefore, it will be convenient for someone who, for example, takes several short trips a year and maybe a couple of long trips, whether for leisure, business, or other reasons.
Whatever your case, if you consider yourself a frequent traveler, you will save a lot of time and money by buying annual medical travel insurance instead of purchasing individual insurance policies for each trip.
Who is multi-trip annual travel insurance for?
The following types of travelers often find great benefits when purchasing annual travel insurance:
- Travel addicts who take every opportunity they have to travel.
- Couples in long-distance relationships who travel often to see each other.
- Sales team members that visit clients from time to time or attend fairs and shows in different countries.
- Athletes participating in international events.
- Members of associations that attend events periodically throughout the year.
- Photographers, international journalists, travel bloggers …
- International students, who return home at least every four months; It can also be beneficial for them to buy travel insurance with 365-days a year coverage.
- Expats or international workers who return home every four months or less.
If you fall between these last two cases, annual travel insurance can also save you a lot of money. However, you should keep in mind that you will have to return home from time to time to extend your coverage.
How does annual travel insurance work?
When purchasing annual multi-trip insurance you have to pay attention to three factors: the coverage it offers, the price, and the maximum days of coverage for each trip.
When you leave the US or your home country for your next destination, the day counter is reset and the covered days start to run. That doesn’t mean you can’t travel longer than what is stated at your policy; however, you will be only cover for the first days specified in your policy.
For example, my Heymondo annual multi-trip insurance covers trips of up to 120 days, but if I travel 128 days, the last eight won’t be covered by the policy. You would have to come back home and go out again for the maximum days counter to reset to zero.
To control this, every time you have to use your annual travel insurance coverage you will have to show a supporting document that shows the starting day of your last trip to check if you are covered. The plane ticket itself can serve as proof.
But don’t worry, you don’t have to notify your insurance provider every time you take a trip. You will only have to show the proof of departure date when you need assistance from your insurance.
Advantages of Annual travel insurance (Multiple international trips within one year)
One of the biggest advantages of annual travel insurance is that you forget that you have insurance until the day you need to use it. You won’t have to go through the purchase process every time you leave the USA.
Another benefit of multiple travel insurance, if you are a frequent traveler, is that you will save a lot of money compared to buying individual insurance policies for each trip.
Also, most importantly, wherever you go you will always be covered and protected against any unforeseen event.
However, when considering purchasing annual travel insurance, it is important to know how it works to avoid misunderstandings and later problems. Above all, it is important to be clear about the maximum number of days per trip.
Compare Annual Travel Insurance Plans
In this section, you will find the annual travel insurance comparison so you can check the prices and coverage of the main multi-trip insurance providers and decide which insurance plan you want to get.
To carry out the comparison, I have run simulations on the websites of the different insurance companies using the same entry data in all of them: US citizen taking multiple trips worldwide within a year.
Some companies have several annual travel insurance plans, so in those cases, I have chosen the one with the lowest price covering at least USD 50,000 in medical expenses. In this way, you can also get an idea of the cost of annual travel insurance.
ANNUAL TRAVEL INSURANCE COMPARISON
Max. Days per Trip
Damaged luggage and theft
Which is the best annual travel insurance for frequent travelers?
Once you have checked the comparative tab, I’m sure you understand why I decided to buy Heymondo annual multi-trip insurance: it has the highest coverage and the maximum number of days per trip, and the price is lower than all other annual multi-trip insurance plans.
However, that is not the only reason why I chose Heymondo when I bought my multi-trip worldwide travel insurance.
Thanks to its app, you don’t have to worry about taking your multi-trip insurance policy with you for every trip you make during the year. You will carry all the information on your phone and you will be able to chat with a doctor just by pressing a button.
I personally have already had to use it several times this year and the assistance has always been excellent. Minor doubts are resolved by chat and if it is something that you want a doctor to check in person, you can call for free to know where the nearest hospital is.
And the best thing, when you get to the hospital, Heymondo will have already taken care of arranging the payments, so that you don’t have to pay absolutely anything. You will not have to advance a single dollar. There are no out-of-pocket expenses with Heymondo.
Do you want to get Heymondo’s annual travel insurance policy for frequent travelers? You can get 5% off your annual multi-trip insurance for being our reader.
How much is annual travel insurance?
With Heymondo you will be covered in all the trips you take during a year for only $ 173.14 or € 155,23. If you want to get coverage for your electronics, it will cost $ 190.47 or € 170,76. Are you practicing extreme sports? Then the annual multi-trip travel insurance will cost $ 225.09 or € 201,80 €.
However, buy your travel insurance today and you will get 5% off! You can select when you want your coverage to start and it doesn’t have to be today. Is your first trip of the year in two weeks? Then your coverage will cover you 365 days from then.
How much can you save with an annual travel insurance plan?
To check if it is worth buying an annual multi-trip travel insurance plan, make simulations of the different trips you have in mind for the upcoming 365 days and get the price from the Heymondo website itself. Let’s try some examples.
Imagine that you are going to take several trips during the next 365 days and buy individual travel insurance plans:
- Indonesia (2 weeks) – $ 61,87
- Iceland (4 days) – $ 22,78
- Spain (1 week) – $ 33,37
- Morocco (3 days) – $ 15,52
- United Kingdom (5 days) – $ 22,78
- Norway (4 days) – $ 22,78
- Brazil (1 week) – $ 33,37
- Mexico (1 week) – $ 33,37
- Argentina (1 week) – $ 33,37
If you have to pay the policies for these trips individually, it would make a total of $ 279,21.
If you instead buy the annual travel insurance plan, you would pay $ 173,14. In other words, you will have all those trips covered and you could take more trips without paying and other fees as long as they don’t last more than 120 days in a row outside your home country.
As you can see, if you are a frequent traveler, purchasing annual international travel insurance is very convenient for you and allows you to save money without losing the benefits of the best travel insurance providers.
You can perform trip simulations to get the price of individual travel insurance policies yourself on the Heymondo website to check if annual travel insurance suits you and if it is worth it considering your current travel frequency.
What does multi-trip travel insurance cover?
I have already mentioned the great coverage of the annual travel insurance that Heymondo provides so it’s time to tell you exactly what it’s about.
- Medical expenses. It covers up to $100,000 including care provided by emergency medical teams and specialists, complementary medical examinations, hospitalizations, treatments, surgical interventions, and medicines.
- Luggage theft and damage. It covers up to $2,500 in case of robbery with violence, the carrier losing all or part of your luggage, or damage caused as a result of a fire or aggression during the trip. It includes the search, location, and shipment of lost luggage.
- Early return and repatriation. In the event of an accident, illness, or death, the insurance covers all the travel expenses to take you home up to $500,000.
- Transportation costs of a relative in the event of your hospitalization or death. In either of these two cases, the expenses of the round-trip ticket and the stay of your relative are covered with no limit.
- Additional compensation for accident. Up to $60,000 in case of permanent disability or death by accident.
In addition to these basic annual travel insurance coverages, there are other optional coverages that may be interesting for you: adventure sports coverage and electronics coverage.
What’s usually excluded from annual trip travel insurance?
Don’t forget that there are some exclusions for annual travel insurance.
The most important is the maximum days of coverage you have for each trip, since if you take a longer trip, you won’t be covered by your multi-trip insurance the last days. In other words, if you buy Heymondo multiple travel insurance and have an accident on the 121st day of your trip, you won’t be entitled to any assistance or compensation.
Remember to always carry supporting documents or receipts of the moment in which your trip begins so that you do not have problems when requesting insurance assistance (plane tickets, train tickets..).
This leads me to point out something important: you won’t be covered during car trips. You will need a plane, train or bus ticket, or a stamp on your passport, to prove the start of your trip. For example, if you travel from New York City to the Niagara Falls by car, you would have no way to prove the exact day your trip started and therefore you would not be covered by your annual travel insurance for frequent travelers.
How to get a cheap annual travel insurance policy
If you want to purchase Heymondo annual travel insurance, it’s very simple. Go to its website, click on get a quote, and select “Multiple trips in one year”.
Then, specify your country of residence. Your multi-trip travel insurance will have coverage worldwide.
In the next step, you will have to indicate when your first trip starts. From there you will have 365 days of coverage. Leave your return day alone. Heymondo will automatically mark the last day you will have coverage.
You will then have to select the number of travelers and email.
And, finally, the price of your insurance will appear. This price doesn’t include coverage of electronics or adventure sports.
As you can see, the price of Heymondo insurance is $ 173.14 but for being a Capture the Atlas reader you will get a 5% discount.
Travel insurance for multiple trips review
As I told you at the beginning of this article, I bought this annual travel insurance eight months ago, and until then I have had to use it a couple of times.
American Airline canceled a flight and I had to spend two days at the Chicago airport. Luckily Heymondo took care of all the hotel and food expenses during that time. I sent the invoices for the expenses incurred and after two weeks they reimbursed me the full amount.
On another occasion, during my trip to Costa Rica, I cut my leg with a coral. Heymondo took care of all the expenses of the medical center where they attended me without me having to worry about anything, either the payments.
Before having this annual multi-trip insurance policy, I used to buy the Heymondo travel insurance for individual trips, as there is no doubt, it’s the best travel insurance. And I had also had to test it for more difficult situations.
For example, when a monkey bit me in Bali. I bought my Indonesia travel insurance with Heymondo and the chat assistance worked perfectly. They assist me very quick let me know to which hospital I had to go and when I arrived there, I received all the treatment with no out-of-pocket expenses. If you want the peace of mind, there is no best option, or even cheaper.
Therefore, I can not recommend them enough. If you are a frequent traveler, annual travel insurance is the best option for you and Heymondo, is the provider with higher coverage, lower price, great travel assistance thanks to its app, and no out-of-pocket expenses.