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How Annual Travel Insurance Works: A Round-Up of Our Most Popular Guides

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Buying annual travel insurance is one of the best money-saving travel hacks. For one affordable price, you’re protected for 365 days of adventure. Annual insurance is a smart choice for anyone who travels at least twice a year—especially travel procrastinators who sometimes forget to insure their trips.

Before you purchase a plan, however, you need to know how it works. Here, we’ve collected some of our most popular articles about yearly travel insurance.

Is buying annual travel insurance worth it?

The more you travel, the more likely it is that something will go wrong. It could be a minor inconvenience, like a delayed flight or a damaged suitcase. Or it could be a major crisis, like a medical emergency. That’s why annual travel insurance is a worthwhile purchase for most frequent travelers. It gives you peace of mind, because every trip can be protected automatically.

But not every traveler has the same insurance needs. Is Allianz annual travel insurance worth it for you? And how does it work?

Does annual travel insurance really cover every trip you take?

This is probably the most common question we hear. Allianz annual travel insurance plans can protect all kinds of trips: international vacations, road trips, business trips, cruises, tours, quick getaways, etc. There’s no limit on the number of trips you can take.

There are a few rules, however:

We define a trip as traveling more than 100 miles from your home.
Most of our annual travel insurance plans can cover trips up to 45 days. AllTrips Premier can protect trips up to 90 days in length.
Multi-trip travel insurance has an annual cap on trip cancellation benefits and trip interruption benefits—for all the trips you take combined.

Is it better to get single-trip or annual travel insurance?

This might seem like a simple question to answer: Buy single-trip insurance if you’re taking one trip, and buy an annual plan if you’re planning multiple trips.

However, it’s not always that easy to decide which is best. Some things to consider:

How many days is your longest trip?
How much are you spending on your most expensive trip?
Do you often rent a car when you’re traveling? Annual plans include rental car damage and theft coverage (available to residents of most states).
Are you traveling with kids? The OneTrip Prime and OneTrip Premier single-trip plans can cover kids 17 and under for free when traveling with a parent or grandparent (not available on policies issued to Pennsylvania residents). AllTrips Premier can cover your entire household, but kids aren’t free.

Is annual travel insurance a good buy for people over 65?

If you’re planning to travel the world once you retire, there’s something important you should know: Medicare does not cover you overseas. Most private health insurance plans don’t, either. That’s why you need travel insurance with emergency medical benefits—and an AllTrips plan can be the best way to get it.

Most Allianz annual travel insurance plans can cover losses due to a pre-existing medical condition, too, as long as you meet the requirements. We’ll help you decide if an annual plan is right for you.

Is annual travel insurance good for luxury travel?

Luxury travel, by design, feels safe. At high-end resorts and posh hotels, no detail is overlooked. But bad things can happen to even the most expensive, most carefully planned vacations. An AllTrips plan—which includes 24/7 access to our emergency assistance hotline—is there to help when things go wrong.

Just know that annual travel insurance plans tend to have lower limits on trip cancellation/interruption benefits, compared to single-trip plans. To fully protect a luxury vacation, you’ll want to make sure your trip cancellation benefit limit matches the full non-refundable costs of your most expensive planned trip.

What’s the best annual travel insurance plan for me?

Allianz Global Assistance offers four AllTrips plans, each designed for different travelers’ needs. Here’s a quick annual travel insurance comparison:

AllTrips Basic is the lowest priced. It includes a wide range of benefits, but does not include trip cancellation/trip interruption benefits.

AllTrips Prime gives you all the benefits of AllTrips Basic, along with trip cancellation and trip interruption benefits to protect your nonrefundable trip costs.

AllTrips Executive protects all kinds of trips, but also includes special covered reasons and benefits for business travelers. It can help if your business equipment gets lost, stolen, damaged or delayed by a common carrier.

AllTrips Premier is a flexible annual travel insurance plan with multiple tiers of coverage for trip cancellation/interruption, plus the option to cover your entire household.

Or, compare quotes right now!

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Terms, conditions, and exclusions apply. Please see your plan for full details. Benefits/Coverage may vary by state, and sublimits may apply.

Terms, conditions, and exclusions apply, including for pre-existing conditions. Insurance benefits underwritten by BCS Insurance Company (OH, Administrative Office: 2 Mid America Plaza, Suite 200, Oakbrook Terrace, IL 60181), rated “A” (Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or 52.401 series, or Jefferson Insurance Company (NY, Administrative Office: 9950 Mayland Drive, Richmond, VA 23233), rated “A+” (Superior) by A.M. Best Co., under Jefferson Form No. 101-C series or 101-P series, depending on your state of residence and plan chosen. A+ (Superior) and A (Excellent) are the 2nd and 3rd highest, respectively, of A.M. Best’s 13 Financial Strength Ratings. Plans only available to U.S. residents and may not be available in all jurisdictions. Allianz Travel Insurance is a mark of AGA Service Company dba Allianz Partners or its affiliates. Allianz Partners compensates their suppliers or agencies for allowing Allianz Partners to market or offer products to customers of the supplier or agency. Allianz Travel Insurance products are distributed by AGA Service Company, the licensed producer and administrator of these plans and an affiliate of Jefferson Insurance Company. The insured shall not receive any special benefit or advantage due to the affiliation between AGA Service Company and Jefferson Insurance Company. Plans include insurance benefits and assistance services. Any Non-Insurance Assistance services purchased are provided through AGA Service Company. Except as expressly provided under your plan, you are responsible for charges you incur from third parties. Contact AGA Service Company at 800-284-8300 or 9950 Mayland Drive, Richmond, VA 23233 or customerservice@allianzassistance.com.