Money Hack: How seniors can save money on insurance

Posted: 14 February 2018 10:00 am
Relaxed seniors travelling and looking at smartphone


Travel insurance rules continue to change as a result of the pandemic. Some information may not be accurate at this time. It’s even more important to double-check all details that matter to you before taking out cover. Please note:
    • Some policies may not be available through Finder at this time
    • It’s unlikely that your policy will cover expenses from border closures

    Discounts galore are available to seniors if you know where to look.

    Finding an extra couple of dollars here and there is great for anyone. That is doubly true if you're retired or living on a fixed income.

    But, where can you find these magical extra dollars? It's not like they're just lying around undiscovered, right? Wrong. If you're a senior and don't have any active discounts in place for any of your insurance products you're missing out.

    So, who wants some discounts?


    The hack

    There are various ways for seniors to save on insurance products in Australia. First, you can save on travel insurance just by having a seniors card. If you have an active Seniors Card, you can save 15% on travel insurance with InsureandGo and 10% off policies from Fast Cover.

    If you're a National Seniors member and are looking for health insurance, you can save 6% if you take out cover with nib and choose to have your premiums paid via direct debit.

    Want to save money on insurance for your pet? If you're a pensioner or an Australian senior over the age of 60, you can get a 10% discount on the lifetime of your pet insurance policy with PetSecure. Australian Seniors also offer a 10% discount on its pet insurance policy for those over the age of 50.

    If you have a Seniors Card, there are also discounts of 10 to 30% off Australian Seniors standard insurance rates for a range of products.

    Even without these memberships, you can save on insurance just by shopping online. If you're after home and contents insurance from Budget Direct, ING, Virgin Money or Woolworths, you can save up to 30% when you bundle your home and contents insurance online.

    One last way seniors can save on insurance is by taking out a car insurance policy that offers restricted driver discounts. If you nominate that no driver under the age of 50 will be behind the wheel, you can get a reduced premium.

    So, what are you waiting for? Get out there and save.

    finder money hacks is a bi-weekly round-up of the latest tips and tricks to improve your finances. Check back every Wednesday and Saturday for new hacks.

    warning Finally, some good news! Domestic travel is picking up, so some insurers have started offering cover again 🦘
    Just remember, you won't be covered for any pandemic related claims if you do take out domestic travel insurance.
    International travel insurance is limited and sometimes unavailable at this point.

    Made a search before? Retrieve your search results

    At least one destination is required
    Both dates are required
    Add more travellers
    Enter the age of each traveller between 0 and 99

    Enter a valid email address

    At least one destination is required
    Starting date is required
    Add more travellers
    Enter the age of each traveller between 0 and 99

    Enter a valid email address

    Type or Select your destination(s)

    Popular Destinations

    Can't find your destination? Just type it in the box above.

    We compare products from

    By submitting this form, you agree to the Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

    Travel insurance news

    Picture: Shutterstock

    Get more from Finder

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
    Go to site