Cost of travel insurance for senior citizens on the increase

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Research has suggested that Britons are more likely to travel abroad once they have retired. However, a survey by MoneySupermarket.com has revealed that the price of travel insurance for the elderly has risen steadily in recent months.

The details of the survey are startling. When a pensioner turns 66, he or she can expect the cost of travel insurance to double. In addition, further price increases are likely to follow once a retiree hits 70. To an extent, the high insurance premiums described above are warranted. An elderly traveler is more likely to fall ill when on holiday compared to a younger traveller. However, researchers at Moneysupermarket believe that these price increases do not reflect the true cost of insuring a senior citizen.

The price comparison website's director, Richard Mason highlighted the problems faced by retirees attempting to navigate the travel insurance market, stating: "Anyone who dreams of seeing the world in their retirement will get a nasty shock after their 66th birthday and find insurers have doubled the cost of travel insurance policies. How can these overnight premium shocks be a fair reflection of an individual's increased risk of making a claim? Older people should not be penalized for going abroad and should be able to find fairly priced travel insurance, whatever their age."

Given the costs involved, it is essential that older travellers choose an insurer which best suits their individual circumstances. In order to keep the cost of purchasing insurance at a minimum, Moneysupermarket advisors urge retired travelers to bear the following in mind when choosing an insurance policy.

These simple steps will help you obtain travel insurance an affordable cost.


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#1 some of the quotes I have had for a 2 week stay in Mallorca rangefrom £300 to £1000
yes I have some issues with medical conditions but nothing life threatening, so does that mean all us oldies must stay at home
Posted by Percival Seal on 21/08/2012 at 10:09
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