Over 60 and travelling? A simple guide to finding affordable travel insurance
As Australians live longer with every passing year, ABS statistics show that the average retirement age in recent years has risen to the early 60s for men and just under 60 years of age for women. And after a lifetime of hard work, there aren’t many things that sound more appealing in retirement than heading out to explore the world.
Getting travel insurance after 60
While 60-plus is the perfect time to travel for many Australians, finding a travel insurance policy is not a clear cut process. The key is understanding the specific conditions you’ll need to satisfy with the policies of different providers. Continue reading our guide for more on travel insurance for 60's or if you're ready to compare travel insurance for over 60s:
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find out more about travel insurance over 60s
- What exactly changes for travel insurance once I’m over 60?
- 6 key factors that affect my premium after 60
- Getting cover for my pre-existing conditions
- Traps of buying from travel agents if over 60
- Am I covered for my children or grandchildren?
- What is the best* way to compare travel insurance if I am 60?
You may find as you get older there are greater restrictions in place for taking out Travel Insurance. You may be required to pay a higher premium than in previous years and there may be less leniency around pre-existing conditions.
While the exact approach to insuring over 60s will differ between insurers, this is how coverage will generally change:
- Higher premiums. Insurers will generally raise premiums once you past 60 years of age, depending on the policy
- Less cover for pre-existing conditions. Some automatically covered pre-existing conditions will generally be excluded
- Added excess. Some insurers will impose an additional excess for any claims related to sickness or illness
Despite these differences there are still plenty of coverage options available for the over 60s, both in the form of single trip policies and annual cover. You just need to be prepared to shop around to find a good policy.
|Brand||What is Covered?||Quote|
|1Cover||Specialist seniors travel insurance available for those older than 70. If you are 80 years old or over you will need to submit a Medical Declaration Form before you purchase the policy.||Get Quote|
|American Express||Cover provided if you under 89 years of age on the comprehensive single trip policy. Annual trip policies have a maximum age of 69 years.||Get Quote|
|AIG||If you're aged 85 years or over you'll need to obtain a Mature Age Assessment application from AIG. If accepted, you will be notified of the premium payable and any additional terms of cover.||Get Quote|
|Budget Direct||You are covered if you are 100 years of age or under when you apply.||Get Quote|
|Citibank||For those aged between 70-89, Citibank single trip provides seniors travel insurance provides cover.||Get Quote|
|Columbus Direct||You must not be over 84 years old at the date of purchase.||Get Quote|
|Cover-More||Seniors travel insurance is offered for those up to 84 years of age.||Get Quote|
|Easy||If you are over 70 years of age at the time the Certificate of Insurance is issued, you must complete Travellers Medical Appraisal Form. If your application is approved you must pay an additional premium and will be notified of any cover restrictions.||Get Quote|
|Fast Cover||If you are over 90 years of age you are subject to various conditions according to the policy.||Get Quote|
|InsureandGo||Cover for people who are 100 years of age or under at the date of application.||Get Quote|
|Southern Cross||Travellers cannot be over 101 years of age.||n/a|
|Travel Insurance Direct||Cover is offered people up to the age of 81.||Get Quote|
|Virgin||There is no set age limit for Plan A (Comprehensive) and Plan B (Australia Only). Check with Virgin prior to purchase.||Get Quote|
|WorldCare||Comprehensive travel insurance cover up for those no greater than 85 years of age.||Get Quote|
|youGo||Cover until the age of 84.||Get Quote|
- Your age over 60. Older people are prone to more health problems and also take longer to recover from illness and injury.
- Pre-existing medical conditions. Your overall health status and whether you have any pre-existing medical conditions
- Whether or not you are a smoker. This habit can often motivate travel insurers to raise you premium
- Extreme and adventure activities. Whether you plan to engage in adventure activities on your holiday
- The level of cover you choose. A comprehensive policy (with more benefits) will be more pricey than a basic policy
- The countries you plan on visiting. A politically unstable region or a country with a greater chance of extreme weather may
How being over 60 affects travel insurance premiums - Sample quote based on 1 week in Thailand*
|Brand||Policy||Age 59||Age 62||Percentage increase|
|Goinsurance||Gobasic - base||$36.09||$45.12|
|Travel Insurance Saver||Bare Essentials||$40.60||$40.60|
When you’re over 60 there are certain pre-existing conditions that some insurers will not cover. For example, you may find that you will not receive any cover for asthma or emphysema.
The approach to pre-existing conditions can differ quite noticeably between insurers, so it makes sense to shop around and see if one company will offer a more suitable solution than others.
4 common ways you are covered for pre-existing conditions
As a general rule there are four ways in which an insurer will treat a pre-existing condition. They may:
- Exclude all pre-existing conditions from cover
- Offer to cover you but only when you provide more details about your condition and possibly undergo a medical examination
- Offer to cover you but refuse to pay any claims that relate to your pre-existing condition
- Provide full cover for your condition
If at first you don’t succeed in getting the right answer from an insurer about your pre-existing condition, don’t be afraid to try again with another provider.
Travel agents and airlines may not always be clear when it comes to disclosing the age limits that apply to their policies. A 2012 report from National Seniors Australia and the Council on the Ageing contained complaints from elderly people who had applied for or even purchased cover from an airline, only to later discover that they were ineligible for a policy because of their age. Make sure you ask for the age limit or simply, compare online instead.
Travel agent commissions
Buying your insurance from a travel agent or airline is expensive because of the commission added on to the price of the policy you buy. In fact, a 2015 finder.com.au study revealed that Australians are paying three times as much for travel insurance through an airline and two-and-a-half times more through a travel agent than if they had taken out the exact same cover directly from a travel insurer. Shopping online and dealing directly with an insurer is much more affordable.
Are you travelling with your dependent children or grandchildren? Well, they can receive cover on your policy as well. They’ll typically be covered up to the age of 21 and if they’re not working, and many insurers will cover up to four children and/or grandchildren for free. You may have to pay an extra premium if you want to insure more family members than that.
While getting travel insurance when you’re over 60 is a little different to how it is for younger people, you can still easily find a policy that meets all your travel requirements. Start comparing travel insurance for over 60s at finder.com.au today.
It’s easy to compare policies from insurers online, just follow these guidelines:
- Assess your own travel needs and plans. Evaluate the safety of where you going and what do you plan on doing when you get there e.g. if you are still physically active, you will need extra cover for adventure activities or if you have any pre-existing medical conditions, you will need to make sure they are covered
- Look plan features and benefits. Once you know what type of cover you need you can then get down to the nitty gritty of comparing individual policies. Find a policy with benefits that are a must for you, for example cover for lost, stolen or delayed baggage
- Understand the exclusions. It’s also a good idea to examine the list of general exclusions on each policy – this will help you determine exactly when you will and will not be covered
- Compare quotes from multiple insurers. Use our quote form to see if you are getting value for money. This is simple and convenient to do online without ever having to leave your own home, and it allows you to make an informed choice about cover
*Information confirmed correct on September 2015 based on quote form