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Annual travel insurance for seniors

Are you a senior and enjoy your travel? Find out how you save time and money with a seniors annual travel insurance policy

As a senior traveller, you may be enjoying getting away a lot more than you could afford to do when you were younger. But can you still get annual multi-trip travel insurance to make your premiums more affordable?

This guide looks at the benefits of an annual policy along with the restrictions placed on cover for those of a certain age or with pre-existing medical conditions. We’ll also help helps you figure out if annual multi-trip travel insurance is right for you.

Who offers annual travel insurance for seniors?

There are a number of travel insurance brands offering annual policies for seniors, but age limits vary and are often tied to the length of individual journeys being taken. In many cases, the higher the age limit, the shorter the trip that can be taken.

BrandMaximum ageMaximum single trip lengthApply
1-cover-new160 years old90 daysGet quote
AIG69 years old
AMEX Travel Insurance69 years old45 daysGet quote
Budget Direct Travel Insurance100 years old30 daysGet quote
Citibank Travel Insurance69 years old
  • 90 days for international travel
  • 45 days for domestic travel
Columbus Direct85 years old60 daysGet quote
CoverMore74 years old
  • 60 days for international travel
  • 30 days for domestic travel
Get quote
Downunder65 years old
  • 37 days for leisure
  • 90 days for business
Get quote
Easy Travel Insurance70 years old59 daysGet quote
Fast Cover59 years old
  • 40 days comprehensive worldwide multi-trip
  • 15 days comprehensive Asia Pacific multi-trip
Get quote
Go Insurance75 years old60 daysGet quote
InsureandGo100 years old60 daysGet quote
No Worries Travel Insurance85 Years old60 daysGet quote
Simply Travel Insurance Logo70 years old
  • 37 days for leisure
  • 90 days for business
Get quote
Skiinsurance.com.au66 years old21 daysGet quote
Southern CrossNo maximum age90 daysGet quote
tid-logo-blue76 years old
  • 37 days for leisure
  • 90 days for business
Get quote
travel insurance saver logo69 years old60 daysGet quote
Travel Insuranz65 years old93 daysGet quote
Virgin Money75 years old45 daysGet quote
worldcare travel insurance logo71 years old
  • 37 days for leisure
  • 90 days for business
Get quote
youGo85 years old
  • 60 days for international travel
  • 30 days for domestic travel
Get quote

What are the benefits of annual travel insurance?

Annual travel insurance for seniors covers you for multiple individual trips to multiple destinations during a 12-month period. Here are some of the benefits of annual travel insurance over single-trip insurance:

  • One policy covers you for as many trips as you can take in one year, without the hassle of purchasing a new policy every time you travel.
  • Depending on how many trips you take in a year, you will usually save money compared to the cost of taking out single-trip cover each time you travel.
  • Having your policy for a year means taking out travel insurance is one less thing you have to worry about if you decide to travel on short notice.

As well as the convenience and possible cost savings, a comprehensive annual multi-trip policy will include everything covered in a comprehensive single-trip policy, including overseas medical and hospital treatment, trip cancellation and delay and lost or stolen luggage and personal items.

Am I covered for all destinations?

Seniors annual policies will generally cover you for many destinations around the world. However, every insurer is different. Some insurers offer blanket worldwide annual travel insurance policies, which allow you to travel to most countries around the world. Others offer annual policies for specific regions, which allow you to travel to all the countries in that selected area. You should always check whether there are any advisories against the country you plan on travelling to.

Can I get cover for domestic travel?

Yes, many travel insurance brands include cover for domestic trips around Australia. However, you should check the fine print of your policy as there will generally be a minimum distance you must travel away from your home to qualify (such as 250km).

Am I covered if I want to take a cruise?

Yes. You can find annual policies that provide coverage for cruising.

When does my annual policy start?

Your policy begins at the start date you nominate.

How much does annual travel insurance cost for seniors?

The cost of seniors travel insurance varies from insurer to insurer. Factors that affect the price of your policy include your age, destination, policy type and the duration of cover.

By way of example, we got the below quotes from InsureandGo for a traveller who is after a worldwide policy for two weeks, starting from the age of 50, for the Gold policy. We used the same data to get a quote for an annual policy.

And the results?

The cost of the policy steadily increased until the age of 80, where was is a sharp increase in the cost of travel insurance and then a plateau. This is reflected in the results for both seniors annual and single trip policies.

Is an annual policy worth the money?

If you're looking for getting value for money, in this case you would need to make at least 3.5 worldwide trips to make annual travel insurance worth the price.

AgeSingleAnnualNumber of trips

Can I get an annual policy for my partner?

Yes. Some providers will allow you to take out dual seniors annual policies. Conditions vary from insurer to insurer so make sure you check with your insurance provider.

What are the limitations of cover?

Annual travel insurance for seniors isn’t for everyone. Here are some of the limitations:

  • Age limits. As the previous snapshot illustrates, once you reach age 65 or 70, it becomes harder to find an insurer who will provide you with annual multi-trip cover.
  • Trip duration. As the previous snapshot also illustrates, the allowed trip duration varies between insurers. Having a curfew placed on how many days you can travel on a particular journey may not be convenient for some people.
  • Pre-existing medical conditions. Insurers also tend to restrict the medical conditions they will cover with annual policies. While you may be able to get cover under a single-trip policy, you could have trouble finding cover for the same condition under an annual multi-trip policy.

There are also a range of exclusions that insurers will not cover under either a single-trip or annual multi-trip policy. These include:

  • Travelling against government warnings
  • Losing personal items due to negligence
  • Participating in extreme activities that aren’t covered
  • Claims related to drugs or alcohol consumption
  • Undisclosed pre-existing medical conditions
  • Elective surgery
  • Illegal behaviour
  • Mental illness
  • Sexually transmitted diseases (STDs)
  • Pregnancy
  • Paid work
  • Unlicensed motorcycle riding

Is annual travel insurance worth the money?

As well as the convenience offered by annual multi-trip policies and the ability to travel when and where you want at short notice, the other main benefit they provide is the opportunity to save money on your travel insurance.

How much you can save in comparison to a single-trip policy will depend on where you are travelling to, how often and for how long. In general, the minimum number of trips you would need to take to make multi-trip travel insurance worth the money is more than three trips in one year.

The more trips you take after that, the more you would be saving, so if you are someone who likes to travel a lot or is required to for business reasons, an annual multi-trip policy would represent good value for money.

Can I get annual travel insurance if I have a pre-existing condition?

One of the possible drawbacks of annual multi-trip policies is that many insurers do not cover the same pre-existing medical conditions that they often do in single-trip policies, regardless of age. Some apply even greater restrictions for those aged 75 years and above.

Insurers may be reluctant to cover pre-existing medical conditions in their annual policies due to the additional risk. The likelihood of you suffering an illness or injury due to a pre-existing condition increases the longer you have cover and the more trips you take, so they may deem a 12-month period of unlimited trips to be an unacceptable risk when compared with providing cover for a single one-off trip.

Is an annual travel insurance policy right for me?

So, given the pros and cons of annual multi-trip cover, is it right for you as a senior traveller? To determine this, you’ll need to ask yourself a series of questions.

  • Am I a frequent traveller? Do I take enough trips in one year, either for business or pleasure, to make paying more for an annual policy worth my while?
  • Do I often have to travel on short notice? Do my work or family commitments require me to make unscheduled trips where I wouldn’t have time to take out a single-trip policy?
  • Is my age a factor? Am I over 65 and finding that I am excluded from annual cover by many insurers?
  • Is my pre-existing medical condition covered? Am I being denied cover for a condition that I can still get cover for under a single-trip policy?
  • Am I away from home for a long time? Would the caps placed on trip duration in annual policies allow me enough time, or would they force me to cut my trips short?

Want to compare cover today?

Deciding whether annual travel insurance for seniors is right for you will depend on your age and personal circumstances, especially if you have a pre-existing medical condition. However, if you’re a frequent traveller, it’s certainly worth trying to find an annual policy that will cover you.

Compare your travel insurance options

Picture: Shutterstock

Richard Laycock

Richard is the Insurance Editor at finder, and has been wrangling insurance Product Disclosure Statements for the last 4 years. When he’s not helping Aussies make sense of the fine print, he can be found testing the quality of Aperol Spritzes in his new found home of New York. Richard studied Journalism at Macquarie University and The Missouri School of Journalism, and has a Tier 1 certification in General Advice for Life Insurance. He has also been published in CSO Australia and Dynamic Business.

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