Frequent traveller insurance policies

If you're planning multiple trips overseas, frequent traveller insurance may be the answer. Frequent traveller insurance allows you to buy one policy, which will cover all your trips within the space of a year. It is initially more expensive to buy, so it's only worth taking out if you travel overseas at least three times in the year. If not, a one trip policy is more suitable.

Many insurance companies offer a form of frequent traveller insurance, including Australia Travel Insurance, Flight Centre and Qantas Travel Insurance.

Travel insurance - coverage, cost and business plans

The exact nature of what is offered differs with each company. Southern Cross Insurance, for example, offers a choice of three plans with differing levels of cover, some even covering kidnap/ransom. Flight Centre's frequent traveller insurance covers any number of trips that are more than 250 km from home, so it can be used for travel within Australia, as well as overseas. A basic plan for one adult aged thirty, to cover trips of up to 30 days, will cost $387*. Obviously cost may vary depending on factors such as risk activities undertaken on the trip, existing medical conditions, value of goods taken or extending the length of the trip.

Qantas only offers frequent traveller insurance to members of its Frequent Flyer and Australian Qantas Clubs. This, as well as basic insurance, covers loss of 5,000 Frequent Flyer points for cancellation or re-issue of tickets. Travel Insurance Online also offers a business and frequent traveller insurance, which is appropriate for people who travel several times in a year, and covers business equipment such as laptops and mobile phones.

Quotes and booking travel insurance online

You will generally be able to get quotes online for insurance policies, which you can also purchase online with certain providers. You will be required to input all pertinent information that might affect the policy, such as risk activities undertaken on the trip, existing medical conditions, value of goods taken or extending the length of the trip.

If you travel significant distances more than twice a year, frequent traveller insurance may be the most cost effective form of insurance for you.