Travelling is an enriching experience that can and should be enjoyed by people of all ages. Yet, travel itineraries may differ between age groups, and so may travel insurance prices and age conditions between insurance providers.

Seniors shouldn’t be limited to short local trips, or even domestic trips around Australia, and older travellers should not be discouraged from international travel because of their age. It is a fairly easy process for travellers of all ages, even over 65s, to compare travel insurance plans and prices that suit most holidays and circumstances.

Being over 65 means you should now have wisdom in spades, and remembering to get travel insurance before you pack your suitcase, no matter how old you are, is a wise decision.

Why should over 65s consider travel insurance?

Your holiday can be planned down to the last detail, but most of the time you can’t really plan for accidents happening or for something going wrong. The unfortunate reality is that as you get older you may have a higher chance of getting sick or injured. You don’t want to be stuck asking yourself the question: “What if something goes wrong on my holiday and I don’t have travel insurance?”

Last year, according to the Department of Foreign Affairs and Trade (DFAT), the Australian Consular Emergency Centre received more than 60,000 calls for assistance overseas; hospitalisations, lost passports, and emergency evacuations happen on a regular basis.

Having appropriate travel insurance cover can cost a fraction of what you might pay upfront in hospital fees overseas, and can save you a lot of money if something unfortunate were to happen while you were on holiday. Having travel insurance is not only good for your health, but it’s good for your wallet’s health too.

Travel insurance might be more expensive for seniors, but just because you’re over 65 doesn’t mean  finding the right cover for you has to be complicated – it can be as easy and satisfying as enjoying a glass of wine with a beautiful view.

What does travel insurance cover for Seniors?

Getting travel insurance when you’re over 65 usually covers most things that standard travel insurance covers for under 65s, and generally gives you protection to reduce travel related stress. Some travel insurance providers will limit certain policies or product offerings to those over certain ages, which might make it harder to find a suitable travel insurance policy as you get older.

Depending on your policy, travel insurance can help cover the costs for health related incidents and the necessary medical treatment or hospital care needed if you get sick or injured while on holiday.

When you travel overseas you usually pack your nicest clothes and accessories, and travel insurance cover can also cover the costs of your luggage being stolen or lost. It can also generally protect and insure your property and its content/value like wallets (and the credit cards or money inside), cameras, phones, or even passport or travel documents if they are stolen, lost, or damaged during your travels.

It can also cover you for many minor or major flight cancellations or delays that impact your holiday which can force you to buy another flight ticket or spend the night sleeping (uncomfortably) in an airport.

Some travel insurance providers may also include these in their policy, or may provide them as additional extras cover to purchase separately:

Each insurance provider and policy will differ with what they do and don’t cover. It is important you read the product disclosure statements before completing the purchase to make sure you understand the cover you have chosen and if it has everything you need before you begin your travels.

How old is too old for seniors travel insurance?

Getting the right travel insurance for your holiday isn’t like a game of bingo, and shouldn’t rely on your luck. The last thing you want to be wondering when travelling is: “What if I need emergency medical services or hospital cover while I’m overseas?”

There are generally two types of travel insurance policy options, including:

Different types of travel insurance and what they cover?

Within these policies are three levels of travel insurance with different inclusions and conditions that apply to all ages, and these include:

This low level cover is generally the cheapest or most affordable and normally covers all the basic medical and health needs of travel insurance, however these might have limits, conditions, or excess payments which depend on the insurance provider. Basic policies generally include:

This mid-level cover is usually the best value for money. It generally features everything found in basic cover and more, however it may still have certain limits, conditions, or excess payments. Standard policies generally include:

This high level cover may cost a bit more, but it is great for those travellers who want the peace of mind of not worrying about anything while on holiday. Cover will vary between providers, and might still have certain limits, conditions, or excess payment, however it generally will include:

and high amounts of coverage for travel expenses and more.

How much will over 65s pay for travel insurance?

Travel insurance applications for seniors or over 65s don’t discriminate with the information asked, unless you have a pre-existing condition that may need special policy inclusions (and may cost extra); however there is a disparity in prices between insurance providers as travellers get older.

Travel insurance prices may increase with age and this might seem unfair to older travellers. Why is vintage wine expensive? As a bottle of fine wine increases with age, so does its value and its price. Travel insurance for over 65s may cost a bit, but it is well worth the money to have peace of mind that you’re covered while on holiday.

We compared travel insurance prices on Compare the Market in November 2017 for seniors travelling to Asia for a two week holiday:

If you’re seventy years old and travelling somewhere in Asia for two weeks, the average or most common standard travel insurance policy will cost you around $120, although policies will generally range from $100 – $300. When you think about it, $120 is not much compared to what you might need to pay if something impacts your health, property, or flight plans while on holiday overseas.

Frequently asked questions

Do I have to pay more if I have a pre-existing medical condition?

Unfortunately, when you get over the age of 65 there may be a higher likelihood of having a previous injury or a pre-existing medical condition. Taking out cover for your pre-existing medical condition may cost a bit extra (it can easily double prices depending on the condition), but it will generally cover you for any medical expenses required as a result of this condition.

Although most travel insurance providers usually cover a lot of pre-existing medical conditions like asthma, diabetes, or high blood pressure among others, some don’t cover these conditions for travellers over a certain age. There are also some more serious conditions like mental illness or cancer that aren’t covered.

It is important to check with your insurance provider if your specific condition is covered and to disclose any conditions to your provider if pre-existing medical insurance cover may be applicable to you. Some insurers may only cover certain pre-existing conditions for travellers up to a certain age, and some may even ask for a medical form or doctor’s certificate.

If you haven’t added pre-existing cover to your policy because you may want to save some money, you will not be able to claim for any medical expenses to do with this condition. However, if your pre-existing condition is not covered by your policy or provider, you will generally still be covered for any other medical expenses that aren’t related to your condition.

Can I get travel insurance when I’m overseas?

Forgetting what you had for breakfast yesterday is easy, and so is forgetting to get travel insurance. It is best to take out travel insurance as soon as you have booked your tickets and planned your travel.

Most travel insurance providers won’t allow you to purchase travel insurance once you’ve left the country. There are some that may provide last-minute travel insurance if you’re already overseas and have forgotten to take out cover, however this might come with some extra costs and limited conditions for senior travellers

Final boarding call for getting travel insurance

Comparing travel insurance isn’t as hard as it may seem, and getting the right travel insurance for your holiday when you’re over 65 is something you shouldn’t forget before you leave. Travel insurance for travellers over 65 may not be as cheap as it is for a younger traveller, but comparing your options for the best prices, inclusions, and benefits, will get you a better deal.

Ready to find a better deal? It’s easy to compare with us.

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