TL;DR — Best Annual Multi-Trip Travel Insurance (May 2026)
Annual multi-trip travel insurance covers all your trips in a 12-month period for a single premium. The break-even point: 2–3 trips per year. Insure&Go offers the cheapest annual policy at AUD 189–249 for basic cover (worldwide excluding USA). Tick Travel Insurance provides the best balance of price and coverage at AUD 220–300 with strong medical coverage and COVID-19 inclusion. Cover-More costs AUD 280–380 but includes higher medical limits and better pre-existing condition coverage. World Nomads is the best for adventure activities (snow sports, scuba diving, hiking above 4,500m). Buying an annual policy instead of per-trip policies saves AUD 100–300/year for travellers making 3+ trips.
Annual vs Per-Trip — The Maths
Single-trip travel insurance for a 10-day Bali trip costs AUD 40–80. For a 2-week Europe trip, AUD 80–150. For a 3-week USA trip, AUD 120–200. A traveller taking three trips (Bali, Europe, USA) pays AUD 240–430 in single-trip premiums.
An annual multi-trip policy covering the same three destinations costs AUD 189–380 depending on the provider and USA inclusion. The break-even is typically 2–3 trips. For a traveller who takes 4+ trips per year, the annual policy saves AUD 200–600/year.
The annual policy also eliminates the need to buy insurance before each trip — it is already in place. For last-minute trips and spontaneous travel, this is a practical advantage.
Cheapest Annual Multi-Trip Policies Compared
| Provider | Cheapest Annual Policy (Worldwide excl. USA) | Medical Cover | Cancellation | Luggage | COVID-19 | USA Add-On | Pre-Existing Cover |
|---|---|---|---|---|---|---|---|
| Insure&Go | AUD 189–249 | Unlimited | AUD 15,000 | AUD 8,000 | Included | +AUD 60–100 | Available (underwriting) |
| Tick | AUD 220–300 | Unlimited | AUD 20,000 | AUD 10,000 | Included | +AUD 50–80 | Available (online screening) |
| 1Cover | AUD 240–320 | Unlimited | AUD 25,000 | AUD 10,000 | Included | Included in worldwide price | Limited |
| Cover-More | AUD 280–380 | Unlimited | AUD 30,000 | AUD 12,000 | Included | +AUD 80–120 | Extensive (online screening) |
| World Nomads | AUD 280–400 | AUD 5,000,000 | AUD 10,000 | AUD 8,000 | Included | Included in worldwide | Limited, but adventure included |
| Southern Cross | AUD 250–350 | Unlimited | AUD 20,000 | AUD 10,000 | Included | Included | Good for over-60s |
Pricing for a 35-year-old Australian traveller as of May 2026. Prices increase with age, pre-existing conditions, and USA coverage.
1. Insure&Go — Cheapest Annual Policy
Insure&Go consistently offers the cheapest annual multi-trip policy in Australia. The basic plan covers worldwide (excluding USA, Canada, and Japan on the cheapest tier) with unlimited medical, AUD 15,000 cancellation, and AUD 8,000 luggage. The price for a 35-year-old is AUD 189–249/year.
The trade-off: lower cancellation and luggage limits than competitors. AUD 15,000 cancellation for an annual policy is low if your trips include multi-week Europe or North America itineraries where flight and accommodation costs can exceed AUD 15,000. Upgrade to the Silver or Gold tiers for higher limits.
Check Insure&Go annual policies →
2. Tick Travel Insurance — Best Value Balance
Tick’s annual policy at AUD 220–300 provides higher limits than Insure&Go’s basic tier (AUD 20,000 cancellation, AUD 10,000 luggage) with a clean online claims process and responsive Australian-based support. Tick includes COVID-19 medical and cancellation cover as standard — not all budget policies include this.
Tick’s online pre-existing medical screening is more flexible than most budget providers. Common conditions (asthma, high cholesterol, well-managed diabetes) are often covered at no extra premium.
Get a Tick annual policy quote →
3. Cover-More — Best for Higher Limits and Pre-Existing
Cover-More, Australia’s largest travel insurer, charges AUD 280–380 for an annual policy but provides the highest coverage limits (AUD 30,000 cancellation, AUD 12,000 luggage) and the best pre-existing condition coverage among mainstream providers. Cover-More’s medical screening covers a wider range of conditions than Tick or Insure&Go, and approved conditions are covered at no extra premium more often.
What Annual Policies Don’t Cover
Maximum trip length: Annual policies cap individual trip length at 30–60 days. A 90-day trip is not covered even if the policy is active. Extensions for longer individual trips are available at an additional premium.
Pre-existing conditions: Not automatically covered. Each condition requires online screening or medical assessment. Some conditions are excluded regardless of stability.
High-risk activities: Standard annual policies exclude snow sports, scuba below 30m, motorcycling over 200cc, and hiking above 3,500–4,500m. World Nomads and Cover-More offer adventure add-ons.
Rental car excess: Not included by default. Available as an add-on (AUD 4–8/day) or through a standalone rental car excess policy (AUD 80–120/year).
Frequently Asked Questions
How many trips can I take on an annual policy?
Unlimited trips within the 12-month policy period, subject to the maximum trip length limit (typically 30, 45, or 60 days per trip depending on the policy). There is no cap on the total number of days or trips.
Does annual travel insurance cover domestic trips?
Most Australian annual policies cover domestic trips when pre-booked accommodation or flights are involved (the trip must include at least one night of pre-booked paid accommodation). Day trips and visits to friends/family without paid accommodation are typically excluded.
How do pre-existing conditions work on annual policies?
Online screening during the quote process. Common stable conditions (hypertension, hypothyroidism, mild asthma) are often covered automatically. More serious conditions require medical assessment with a decision in 24–72 hours. Cover-More and Tick have the most flexible screening; budget providers like 1Cover are stricter.
What is the maximum age for annual travel insurance?
Most providers cap annual policies at age 69–74. Southern Cross and some specialist insurers offer annual policies up to age 79–84 at higher premiums. Over 75, per-trip policies are often the only option.
Final Verdict
Insure&Go is the cheapest annual multi-trip policy for travellers on a budget. Tick offers the best balance of price and coverage with strong COVID-19 inclusion. Cover-More is best for higher limits and pre-existing conditions. The annual policy makes financial sense for anyone taking 3+ international trips per year.
Insure&Go annual → | Tick annual →
Disclosure: This article contains affiliate links. We may earn a commission when you purchase insurance through these links. Premium estimates based on a 35-year-old traveller as of May 2026. Prices increase with age, destination, and pre-existing conditions.