Single Trip Travel Insurance Nearly 150% Cheaper
By Alison Steed and Liz King 
TRAVELLERS only taking one trip this year could reduce their travel insurance costs by nearly 150 per cent by taking a single trip travel insurance policy instead of an annual travel policy.
Many people will take an annual policy in the expectation that they may take more than one holiday this year. But as families are forced to tighten their belts as the fallout of the recession continues to hit home, it may be worth thinking hard about whether you really will take more than one trip away.
Brian Brown, head of research at Defaqto said: "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 per cent cheaper than an annual policy."
The average cost of single trip and annual travel insurance policies:
Source: Defaqto
| 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 | £24.73 (+106%) |
| USA - individual | £40.89 | £67.74 | £26.85 (+66%) |
|
USA - family of 4 |
£88.05 | £119.66 | £31.61 (+36%) |
