Annual Travel Insurance is the same as multi-trip travel insurance and a penny-saving way of taking care of you and your belongings for as many trips as you like over the year. Each package and policy will differ depending where you book and it's worth doing the research before you buy, but generally, for a period of 12 months, you'll be covered for multiple trips around the globe.

It's a misconception to think you're not qualified for the annual package and that the single travel insurance suits your once-a-year summer holiday. Providing coverage annually is well-suited to the traveller who makes regular business trips too, or enjoys those weekend breaks to European cities. A major perk is that if you decide to jet off all of a sudden, then you can do so safe in the knowledge that you'll be covered for loss, theft, damage, and any medical emergencies.

The policies will differ from company to company so remember to read the small print before you purchase - you don't want to assume you're covered for things you're not - importantly, don't assume that the days for which you're covered on each trip will be a fixed figure for each company. Probably the most efficient way to compare notes on annual travel insurance is online, and there are some good comparable sites offering the package. AA Travel have an attractive travel insurance policy, which enables you to take as many trips as you like throughout the year, you can stay for up to 45 days, each time you travel, which is music to the ears for those who like to stay awhile, or take time to travel around.

It's a trouble-free way of looking after yourself abroad; you only have to compare quotes once, and will never suddenly get to the airport and remember that you forgot to get appropriate cover for your holiday. It's also an enticing way of getting you out and about to see the world; all too often that administrative stress of getting your insurance each time takes the pleasure out of booking trips. With the annual travel insurance, you can pretty much book your ticket and spend the rest of your time planning fun things to do when you get there.