Summer 2025 premiums for annual multi-trip travel insurance policies were down by 12% on those from the previous year, according to pricing consultancy Pearson Ham. In contrast, it said single-trip travel insurance premiums had held steady over the same period. It said the divergence between single and annual policies suggested carriers were trying to boost renewal business.

Pearson Ham said typical single-trip cover for under-40s was priced at around £16, with over-60s paying more than double at £36. The most competitive annual multi-trip quotes for under-40s have dropped from £33 to £29. For couple aged over 60 quotes come down from more than £100 to around £9.

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 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.”