Those who are planning to travel more than two times a year should opt
for the
annual multi trip travel insurance policy, because this type of policy will provide
coverage for every trip that a traveler makes within a year, and it is much cheaper than the total
price paid to obtain several single trip insurance policies.
Rather than
paying for a single trip travel insurance policy each time they travel, which can add up to quite a lot of money, those who travel frequently can purchase an
annual multi trip travel insurance policy and get the same
coverage for every trip at a lower overall
price.
Methodology: GOBankingRates surveyed all 50 states, analyzing eight data points that served as determining factors in the ranking: (1) median household income, sourced from the Census Bureau in 2015 dollars; (2) median home listing
price as of June 2017, sourced from Zillow; (3) food spending, using the grocery index sourced from Missouri Economic Research and Information Center and multiplying it against the average amount spent on food from the BLS consumer spending survey from July 2015 - July 2016; (4) employee health insurance premium contribution, sourced from the Commonwealth Fund; (5)
annual child care costs
for an infant and a 4 - year - old, sourced from Child Care Aware of America; (6) whether the state offers
paid time - off
for family leave; (7) whether the state has expanded the earned - income Tax Credit at the state level; (8) whether the state expanded Medicaid
coverage as part of the Affordable Care Act.