Summer travel insurance premiums show split between single-trip and annual multi-trip policies

Pearson Ham Group has released its analysis of travel insurance premiums comparing Summer 2025 with Summer 2024, revealing a year of contrasts.

While single-trip travel insurance prices have remained broadly flat compared with September 2024, annual multi-trip (AMT) cover has become significantly more affordable across most customer groups.

Typical single-trip cover for under-40s is holding at around £16, with over-60s paying roughly double at £36. Family cover is also stable year-on-year, with typical premiums for a single trip starting at £39.

Where the market has shifted decisively is in annual multi-trip policies. The most competitive quotes for under-40s have dropped from £33 to £29, a -12% fall. Couples aged over 60 have benefited most from this shift, seeing AMT quotes come down from more than £100 to around £91, signalling that insurers are actively competing for travellers’ repeat business.

“This summer we have seen a clear pivot from insurers. While single-trip premiums are largely static, annual multi-trip 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.”

Kennedy also urged consumers to look beyond headline prices when selecting cover:

“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.”

This message comes at a time when consumer groups are calling for greater transparency across the travel insurance market. Which? recently lodged a formal super-complaint with the Financial Conduct Authority, highlighting that many consumers still misunderstand what is included in their policies and are caught out at the point of claim. Pearson Ham’s analysis reinforces the need for clear communication, so that customers can take advantage of competitive pricing with confidence that the product they choose is right for them.

Looking ahead, Pearson Ham will release its next update towards the end of the calendar year, focusing on winter travel and winter sports insurance.

“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 multi-trip 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.”

Pearson Ham’s analysis underlines that for many consumers, annual multi-trip policies may now represent significantly better value than buying multiple single-trip covers, but timing, destination and health profile continue to be key drivers of pricing. The firm encourages insurers, brokers and aggregators to communicate these nuances clearly to consumers ahead of the busy winter travel season.