Better way SQL insert query

Question

Actually, I don't know what is different the following query?

Which one is better(performance, etc...)? Btw, I use SQL Server.

Query 1 :

INSERT INTO PERSON (ID, NAME, ADDRESS) VALUES('001', 'Smit', 'London');
INSERT INTO PERSON (ID, NAME, ADDRESS) VALUES('002', 'Jhon', 'London');

Query 2 : I never saw before

INSERT INTO PERSON (ID, NAME, ADDRESS)
SELECT '001', 'Smit', 'London' UNION ALL
SELECT '002', 'Jhon', 'London'

Answer 1

How about the multi-row syntax with table value constructors :

INSERT INTO PERSON (ID, NAME, ADDRESS) 
VALUES ('001', 'Smit', 'London'), ('002', 'Jhon', 'London');