Multitrip travel insurance policies see yearly price falls

Annual multitrip travel insurance policies have seen falls of up to 12% across the most competitive quotes, according to research from pricing consultancy Pearson Ham Group.

Released today (29 September 2025), the figures revealed that under 40s have seen their repeat travel policies fall by 12% from £33 to £29 over the past year, while couples over 60 saw prices fall by nearly 10% from £100 to £91.

Single-trip policies, however, have remained largely flat year-on-year, with under-40s cover now sitting at an average of £16 per trip, over 60s at £36 and family cover packages at £39.

Stephen Kennedy, director at Pearson Ham Group, said: “This summer we have seen a clear pivot from insurers. While single-trip premiums are largely static, annual multitrip cover is becoming meaningfully cheaper.

“This feels like a deliberate move to encourage more travellers back into the market and to capture loyalty as overseas travel continues to normalise post-pandemic. For frequent travellers, the message is clear – annual cover may now represent significantly better value than buying several single-trip policies.

“Even with stable or falling premiums, it is important that travellers check the level of protection they are buying matches their needs. Lower prices do not always mean the same breadth of cover, so travellers should review policy limits and exclusions carefully to ensure they are adequately protected should they need to make a claim.”

Winter trips

The firm also said that price fluctuations may soon be seen in multitrip policies, as winter trips add a different risk profile to travellers’ itineraries.

Frances Luery, product manager at Pearson Ham Group, explained: “Winter brings a different set of dynamics altogether. Ski cover, weather delays and trip cancellations play a much bigger role.

“We expect to see continued competitive pressure in annual multitrip pricing, but single-trip and specialist winter sports cover may show sharper fluctuations as insurers price in heightened risks. Our end-of-year update will give the market a clear view of how these trends are playing out.”