Best Annual Travel Insurance of 2023

If you travel frequently, then one of the essentials that you must have is annual travel insurance. An annual travel insurance plan covers travelers for the whole year, regardless of how often they travel.

Best Annual Travel Insurance of 2023

Unforeseen events such as medical emergencies, lost baggage, and flight cancellations can cost a lot. This is where travel insurance steps in to offer financial protection while you are traveling.

Choosing the annual travel insurance that suits your needs and offers the type of coverage you want can be a little stressful. This is why this blog post aims to provide some of the best annual travel insurance companies.

Best Annual Travel Insurance of 2023

In this segment, we will provide some of the best annual travel insurance companies you can get an insurance policy from. They include:

Travel-insured travel insurance

C&F Travel Insured provides up to 150% for trip cancellation, 100% coverage for trip cancellation, and up to 75% for reimbursement of non-refundable travel costs with the plans you selected.

This means that you do not need to worry about the loss of your money on several non-refundable travel costs if your trip is canceled.

This travel insurance company stands out from the rest due to its extensive “reason for cancellation” coverage. It also provides coverage for hurricane warnings from the National Oceanic and Atmospheric Administration.

John Hancock Travel Insurance

John Hancock Travel Insurance provides customized plans that tend to appeal to older people, who mostly have fewer options for travel insurance.

With emergency medical evacuation coverage, primary emergency accident coverage, and emergency sickness expense coverage, they can depend on their coverage for the medical help they need.

This travel insurance company also provides a pre-existing condition waiver, which is mostly important for older people with any age-related conditions that require coverage.

It also offers a 24-hour multilingual hotline for any emergency assistance, which makes sure that older people are never stranded in case of emergency.


The GeoBlue Trekker Essential, excl. US is an ideal basic plan for people who travel frequently and are searching for medical coverage when they are flying out of the United States for up to 70 days per trip. It is also one of the most affordable annual travel insurance plans.

With this plan, you will be able to take an unlimited number of trips during the year and remain covered for as long as the trip lasts. It has a robust $500,000 emergency medical coverage limit along with a $250,000 medical evacuation limit.

This policy will easily cover you in almost all medical emergencies when you are abroad. This policy also covers pre-existing health conditions, which is a huge addition for senior travelers or people with health issues.

The limitation of this plan is that it only covers trips outside of the United States and doesn’t include interruption, cancellation, or travel delay coverage.

Trawick International

The Trawick travel insurance plan stands out as one of the most budget-friendly options available, offering a variety of coverage types. It caters to trips both within and outside the United States, encompassing domestic and international travel.

This insurance plan includes coverage for trip cancellation or interruption, travel delays, lost baggage, accidental death, and baggage delays. However, it’s essential to note that the medical coverage limit is comparatively lower than some other plans.

Medical treatments are covered up to $10,000, with a medical evacuation limit of $50,000. It’s important to be aware that pre-existing conditions are not covered.

Despite these limitations, the Trawick travel insurance plan serves well as a supplementary option to your existing United States healthcare, providing additional coverage for various travel-related scenarios.

Berkshire Hathaway Travel Insurance

Berkshire Hathaway Travel Protection offers the WaveCare plan, specifically designed to protect during cruise travel. This policy includes standard travel insurance coverage for flight delays, trip interruptions, and lost luggage.

Moreover, the policyholder receives cruise-specific coverage, addressing scenarios like the cruise company going bankrupt during your trip, unexpected diversions from the scheduled course, changes to the ship’s itinerary, or the cancellation of pre-paid excursions.

Additionally, Berkshire Hathaway provides 24-hour emergency travel assistance, aiding you in situations where essential travel documents, such as passports, are misplaced or unavailable.

Seven Corners Travel Insurance

Seven Corners Travel Insurance offers tailored coverage that goes beyond what a basic short-term travel insurance policy provides, making it particularly beneficial for extended trips.

With various plans available, the Annual Multi-Trip option stands out, offering medical coverage for multiple international trips throughout the year.

Notably, this insurance policy includes COVID-19 medical and evacuation coverage, providing up to $1 million in protection.

Additionally, users benefit from incidental coverage, encompassing live consultations through telecommunication and treatment for injuries or illnesses.

This comprehensive coverage makes Seven Corners Travel Insurance a valuable choice for those embarking on long-term journeys.

World Nomads Travel Insurance

World Nomads Travel Insurance provides coverage for more than 150 specific activities, so you can focus on your trip without worrying about any gaps in your coverage.

You can choose its budget-friendly basic plan which starts at about $79, or if you like to go on more adventure, you can opt for the World Nomads’ Explorer plan, which costs $120 and includes additional sports such as scuba diving, skydiving, and heli-skiing.

It also provides 24/7 assistance so that you can travel abroad without any worry.

AIG Travel Guard

If you go on several trips in a year, then you can buy an annual travel insurance plan from Travel Guard. This company provides one plan option that covers all the trips that place in a year.

It also has reasonable limits in the categories that are most important. It also provides up to $2,500 in coverage for trip interruptions.

Generali Travel Insurance

The Generali Travel Insurance plan offers coverage for lost luggage, providing at least $1,000 for replacing your entire travel wardrobe and personal items.

Additionally, it includes $200 in coverage for baggage delayed by more than a day. Opting for a more expensive plan allows for higher limits on both types of coverage.

Allianz Travel Insurance

Allianz provides a wide range of travel insurance options, which include an annual plan. If you plan to travel overseas several times in the coming year, then Allianz is an ideal choice for your travel insurance needs.

Besides, the coverage levels are much more modest than those of other companies.

However, the travel insurance plan does waive the exclusion for a pre-existing medical condition if certain criteria are not met. This travel insurance company has several plans for you to choose from.

The insurance company listed above offers some of the best-tailored travel insurance plans that suit your needs and are budget-friendly.

How Much Does Annual Trip Insurance Cost?

Just like any other travel insurance plan, the cost of your insurance policy is going to vary. Factors that can affect the cost of your travel insurance include how long you will be traveling, your age, where you are going, any pre-existing conditions, and your policy maximums.

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