Travel insurance premiums for annual multitrip policies have experienced notable price drops, with the most competitive quotes seeing reductions of up to 12%, according to research from Pearson Ham Group, a leading pricing consultancy. The findings, released on 29 September 2025, indicate that travel insurers are adjusting their pricing strategies in response to the continued normalisation of overseas travel.
Price Trends for Under-40s and Over-60s
For individuals under 40, annual multitrip policies have seen a 12% price drop, falling from £33 to £29 over the past year.
For couples over 60, the drop is also significant, with prices falling by nearly 10%, from £100 to £91.
In contrast, single-trip insurance premiums have remained largely unchanged:
Under-40s now pay an average of £16 per trip.
Over-60s pay £36 per trip.
Family cover packages are priced at £39.
What the Changes Mean for Travelers
Stephen Kennedy, director at Pearson Ham Group, explains: “This summer, we’ve witnessed a clear pivot in the insurance market. While single-trip premiums have remained relatively stable, annual multitrip policies are becoming significantly cheaper.”
Kennedy adds, “This appears to be a deliberate strategy by insurers to draw more travelers back into the market and build loyalty as international travel continues to normalise post-pandemic. For frequent travelers, the message is clear — annual coverage now offers far better value than purchasing several single-trip policies.”
Key Takeaways
Annual multitrip insurance now offers greater value, especially for frequent travelers.
Single-trip premiums have not seen significant changes in the past year.
The drop in annual multitrip rates seems designed to capture traveler loyalty as travel resumes its normal pace after the pandemic.
This trend signals a growing shift in the travel insurance market, where multitrip coverage has become increasingly affordable, making it a more attractive option for those planning multiple trips throughout the year.
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