Travelling is one of the finest joys within life but often leads to hidden risks. Whether you want to fly multiple times in a year or you just want to have that safety net with you in case of any travel accident, annual travel insurance plans are the best answers. They are travel plans that help you cover a whole year with various journeys, thus contribution to your peace of mind knowing that you are always protected no matter where you’re travelling .
In this blog post, let’s look at the top 5 annual travel insurance plans which best suit the needs of U.S. travelers when it comes to finding the right covers for their next trips.
What is Annual Travel Insurance ?
Annual travel insurance is the sort of insurance that covers multiple trips for traveling within a period of 1 year. In contrast to single travel insurance, which would cover one specific journey, the annual travel insurance plans are meant for frequent travelers. If you are a traveler who goes on more than two trips a year, it would make sense to take up an annual plan, as that time saver would afford some savings in your travel expenses for each trip.
Why Choose Annual Travel Insurance Plans ?
There are some reasons to prefer annual travel insurance plans:
- Cheap: An annual policy generally is much cheaper than taking a single policy for every trip, if one travels frequently.
- It saves much time when taking travel insurance each time: Since no worrying about getting another travel insurance whenever taking a trip every time you travel, an annual travel plan is hassle-free option.
- Comprehensive coverage: Most annual travel insurance programs cover almost all costs involved with trip cancellations, medical emergencies, loss of baggage, and others.
Top 5 Annual Travel Insurance Plans for U.S.A Travelers :
Now that you’ve known the benefits of annual travel insurance plans, here are the top five offerings that would suit U.S. travelers :
1.Allianz Global Assistance Annual Travel Insurance :
Best for Comprehensive Coverage :
Allianz Global Assistance, probably the largest travel insurance company in the entire world, has just designed annual plans for all purposes of such frequent travel. The company provides full coverage when an emergency occurs, cancellations, and baggage loss in addition to travel delays among other services for the insurance company’s annual travel scheme. Allianz indeed has a support team on a 24/7 basis, so you can trust that help is always available when you need it.
- Coverage includes: trip cancellation, trip interruption, medical emergencies, lost baggage, and emergency evacuation.
- Annual premium: Starts at approximately $200 per year.
2.Travel Insured International Annual Plan :
Best for Flexible Coverage :
Travel Insured International offers an extremely flexible annual travel insurance plan that covers all varieties of vacation, from business to casual leisure flights. Their package mainly includes trip cancellations, interruptions, medical emergencies, and lost baggage. The best part of this plan is that additional coverage can be attached for hazardous activities like hiking or skiing.
- Coverage includes: Trip cancellation, medical emergencies, trip interruption, baggage loss, and emergency evacuation.
- Annual premium: Starts at about $250 per year.
3.Travelex Insurance Services Annual Travel Protection :
Best for Family Travel :
If planning to travel with more than one family member, Travelex Insurance Services offers broad annual travel insurance tailored to cover all family members. This scheme covers medical emergencies, cancellation of trips, and loss of baggage-the three essentials to good family travel protection for the family who travels together in such close proximity. Plans from Travelex can also be customized according to perceived risk by adding ski coverage or coverage for renting cars abroad.
- Coverage includes: trip cancellation, medical emergencies, trip interruption, baggage loss, and rental car coverage.
- Annual premium: Starts at approximately $300 per year for a family.
4.World Nomads Annual Travel Insurance :
Best for Adventure Travelers :
Best for the adventurous traveler who travels to enjoy risky sports such as hiking, diving, or snowboarding. World Nomads provides annual travel insurance for such travel. Their true strength is that the plans contain all the general standards like trip cancellation, medical emergencies, or lost luggage but go far beyond expectations when it comes to outdoor and adventure-related activities.
- Coverage includes: Medical emergencies, trip cancellation, adventure activities, lost luggage, and emergency evacuation.
- Annual premium: Starts at approximately $400 per year.
5.AXA Assistance USA Annual Travel Insurance :
Best for Budget-Conscious Atlas Holders :
In keeping with this trend, AXA Assistance has even made plans available for budget travel insurance that provide more than adequate coverage for frequent travelers without having to spend a fortune. Their plans cover trip cancellation, emergency medical services, lost baggage, and more. This is a very good option for those looking for reliable coverage at low cost.
- Coverage includes: trip cancellation, medical emergencies, baggage loss, and emergency evacuation.
- Annual premium: Starts as low as $150 per year.
How to Choose the Right Annual Travel Insurance Plan :
Choosing an appropriate annual travel insurance plan is a function of individual needs. Here are some points of consideration in your selection of the best plan for you: Frequency of Travel: Avoid wasting time and effort organizing insurance every time you travel by opting for an annual plan if you travelled multiple times during the year.
Coverage Requirement: A comprehensive plan should offer medical expenses along with trip cancellations and damage to baggage. Price: It’s somewhat cheaper than a single trip plan; however, it pays to be particular with comparing premiums and higher coverage limits. Customer Service: Service should be available 24/7, and advisable to have not just the actual service available but all sorts of complementary services and information about it.
