News
Single trip travel insurance could be up to 147% cheaper than annual cover
Our latest travel insurance report suggests that consumers only taking one holiday this year would be better off buying a single trip travel insurance policy than an annual policy.
Many people are having to rein in spending so it makes sense to buy a policy to cover what you actually need. If you’re only going to take one holiday in a year then a single trip travel insurance policy could work out up to 147%* cheaper than an annual policy.
Consumers who are uncertain of which policy could suit them best can use Defaqto’s Star Ratings as a guide with 1 or 2 Star Rated policies offering low levels of cover and 4 or 5 Star Rated policies offering the most comprehensive cover. More information is available via www.defaqto.com/stars
* The following table shows the average cost of single trip and annual travel insurance policies:
| Travel insurance type | Average cost of single trip travel insurance policy for 17 days cover | Average cost of annual travel insurance policy | Average additional cost of an annual policy |
| Europe - individual | £18.65 | £46.05 | £27.40 (+147%) |
| Europe - family of 4 | £40.14 | £82.87 | £42.73 (+106%) |
| USA - individual | £40.89 | £67.74 | £26.85 (+66%) |
| USA - family of 4 | £88.05 | £119.66 | £31.61 (+36%) |
