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What is the Cheapest Travel Insurance for Over 50s?

Based on our most recent research, the cheapest travel insurance for over 50s starts from around £9.48 for single trip cover and £14.30 for annual travel cover. The price of travel insurance will vary based on your exact age, but it is usually possible to find affordable travel cover after age 50.

Having travel insurance is the simplest way to protect yourself if there are any issues with your holiday and your policy protects you both before and during your trip. As pointed out in the clip below from ITV‘s This Morning, one of the main reasons to buy travel insurance is to protect you if anything goes wrong before you leave for your holiday.

Money Man Martin Lewis Shares His Advice on Holiday Insurance and Mortgage Rates | This Morning

Many UK insurers claim to offer ‘cheap’ travel insurance for over 50s, and these policies should include the same benefits as they would for people of any age. In this guide, our team of travel insurance experts looks at the average cost of over 50s travel insurance and how to find the cheapest travel insurance for over 50s in 2024.

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60-Second Summary – What is the Cheapest Travel Insurance for Over 50s? 2024 Guide

The cost of over 50s travel insurance can vary dramatically based on your age and the level of cover that you need. Pricing often starts at less than £10 for people in their early 50s and can rise to over £100 based on your own situation.

Our travel insurance experts have found that Admiral tends to be the cheapest insurance company for travellers aged 50 – 70, and Ageas is often the cheapest for travellers aged 70 and older.

  • Travel insurance can be extremely valuable for over 50s and can save you £100’s or £1000’s if something unexpected happens on holiday that would impact you financially.
  • Over 50s will normally have to pay more for their travel insurance, as insurers will associate their age with a higher risk of claiming for medical issues while on holiday.
  • The simplest way to save money on your travel insurance is to shop around and check what prices each insurance company offers.
  • Even the ‘cheapest’ policies can normally offer a decent level of financial protection. While price is important, you should also consider the level of cover that is available and which policy benefits you need the most.

To work out which insurance companies offer the cheapest travel insurance for over 50s, our insurance experts have compared a range of travel insurance quotes from across the market.

To give a complete overview, we have used a range of ages and policy types in the examples below. The aim of this is to help you get an idea of how much your travel insurance policy might cost, though the actual cost may be more or less than these prices. We have displayed both the highest prices and lowest prices that we found, to demonstrate how much prices can differ based on the insurer and insurance policy.

Note: These examples are based on applicants with no pre-existing medical conditions, and the price will often be higher for people with one or more pre-existing conditions.

Single trip travel insurance for over 50s

Applicant agePrice of cover (Lowest)Price of cover (Highest)Cheapest insurer
Age 50£9.48£94.38Admiral
Age 55£10.69£94.38Admiral
Age 60£11.82£126.20Admiral
Age 65£15.29£126.20Admiral
Age 70£21.26£216.61Ageas
Age 75£26.51£311.90Ageas
Age 80£33.50£374.30Ageas
Age 85£42.36£238.66Ageas
Age 90£86.60£464.21Travel Insurance Saver

Note: These quotes are based on a 7-day trip to a European destination and are accurate as of 24/05/2024.

Annual multi trip travel insurance for over 50s

Applicant agePrice of cover (Lowest)Price of cover (Highest)Cheapest insurer
Age 50£14.30£136.05Admiral
Age 55£15.54£136.05Admiral
Age 60£18.48£192.29Admiral
Age 65£25.04£217.92Admiral
Age 70£46.16£277.15Admiral
Age 75£65.40£380.47Holiday Extras
Age 80£148.67£577.09Admiral
Age 85£226.10£643.43Admiral
Age 90£303.69£643.43OK to Travel

Cruise travel insurance for over 50s

Applicant agePrice of cover (Lowest)Price of cover (Highest)Cheapest insurer
Age 50£16.17£156.10Rias
Age 55£17.63£156.10Rias
Age 60£19.55£209.35Rias
Age 65£21.89£209.35Rias
Age 70£25.07£153.22Rias
Age 75£30.32£228.60Rias
Age 80£37.31£306.76Rias
Age 85£46.17£398.80Rias
Age 90£104.02£694.37Travel Insurance Saver

Note: These quotes are based on a 7-day trip to a European destination with cruise cover added and are accurate as of 24/05/2024.

Couples travel insurance for over 50s (single trip)

Applicant agePrice of cover (Lowest)Price of cover (Highest)Cheapest insurer
Age 50£16.44£168.43Admiral
Age 55£20.06£168.43Admiral
Age 60£22.20£225.71Admiral
Age 65£27.14£225.71Admiral
Age 70£37.00£280.93Ageas
Age 75£46.12£404.56Ageas
Age 80£55.06£404.56Ageas
Age 85£69.62£441.71Ageas
Age 90£137.81£550.32Travel Insurance Saver

Note: These examples are based on both applicants being the same age, and if you and your spouse or partner are different ages this can affect the overall cost of the policy.

The average cost of travel insurance for over 50s is around £29.50, based on a range of quotes for single and annual multi-trip policies. The quotes were generated for a range of different ages to ensure that the average is as accurate as possible.

While it can be helpful to understand what the ‘average’ cost is, you might pay a different amount for your travel insurance policy. This is because the price of travel insurance is based on:

  • Your age
  • The type of cover needed (individual, couples, family etc.)
  • Single trip or annual cover
  • Amount of excess (£s)
  • Level of cover needed
  • Any additional benefits (e.g. gadget cover)

The cost of travel insurance can vary massively between travellers in their 50s and in their 90s, so you should always compare quotes to find the lowest prices for you.

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Most forms of personal insurance will be slightly more expensive for people aged 50 and older. This includes policies like life insurance, health insurance, and travel insurance.

The reason that policies tend to be more expensive is because the insurance companies want to protect themselves against a higher level of ‘risk’. We are all more likely to experience medical issues as we get older, meaning that travel insurance companies often view over 50s as being more at risk of claiming for emergency medical treatment.

The risk of this can be even higher if you already have any pre-existing conditions, and certain specialist companies will normally be cheaper in this situation.

What is the best value travel insurance for over 50s?

Based on our research and the figures above the travel insurance company with the ‘best value’ for over 50s is Admiral, followed by Ageas which was the best choice for those over 70.

Admiral Logo

Admiral Travel Insurance

Admiral consistently provides fair pricing for older customers, and even their basic policies offer great benefits including £10,000,000 of cover for medical emergencies. They are also very well rated by their customers, having been awarded an ‘Excellent’ rating by Trustpilot based on over 78,000 positive customer reviews.

Their pricing starts from less than £10 for travellers in their early 50s, and you also have the option to add on extra benefits such as winter sports cover. Admiral is often the cheapest option for travellers aged 50 – 70 years old.

Ageas Logo

Ageas Travel Insurance

Ageas tends to be the cheapest option for UK holidaymakers who are over 70 years old. Prices start from around £21 for single trip cover for a traveller in their early 70s, and prices do increase as you get older.

They offer several levels of cover to suit people with different budgets, and they are well-liked by UK travel insurance customers. Their customer service has been rated 4.0 out of 5.0 Stars on Trustpilot, which gives them an independent quality rating of ‘Great’.

Note: Another travel insurance company might work better for you based on your trip destination and duration, as well as your medical history and lifestyle. You should always compare multiple quotes to ensure that you are happy with the amount of cover and the price you are paying.

The main way to find cheap over 50s travel insurance is to compare quotes from multiple insurance companies. You can do this yourself by contact your preferred insurers online or over the phone, though this method can be more time consuming.

Many people prefer to use price comparison websites, as this can be much more convenient and allows you to see a wider range of options at the same time. A specialist comparison site can be better for over 50s, especially if you have medical issues as a specialist insurer may be able to offer lower pricing.

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What does Martin Lewis say about travel insurance?

Martin Lewis provides lots of guidance for holidaymakers who are searching for the best deals on their travel insurance. One of the biggest recommendations from Martin Lewis travel insurance advice is ‘ASAB’ (As Soon As you Book), which basically translates to suggesting that you should buy your travel insurance as soon as you’ve booked your holiday.

In an interview on This Morning talking to Martin Lewis about travel insurance, he claims that he is constantly being asked by consumers, “what can I do if I’ve been diagnosed with a medical problem and I can’t go on holiday because my travel company won’t give me a refund?”. According to Martin Lewis travel insurance recommendations, 50% of the value of your travel insurance cover is before you are due to travel.

Top reasons for holiday cancellations before travelling:

  • Sickness or illness
  • Accidents causing an injury
  • Emergency at home
  • Family emergency
  • Work commitments
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Martin Lewis Travel Insurance - iam|INSURED

Is it worth taking out travel insurance?

Almost all financial experts such as Martin Lewis and citizensadvice.org.uk, strongly recommend that you take out a travel insurance policy and that you do it quickly. The financial and emotional impact of not having travel insurance while overseas can be catastrophic if you require medical treatment or if you are victim of a crime.

The cost of travel insurance is generally affordable for most holidaymakers and you should factor this in to the cost of your holiday. Risking not having travel insurance and then having a medical emergency when you are overseas, especially in certain destinations, can cost you thousands.

What does travel insurance cover?

Most travel insurance policies will provide the same core elements such as medical emergencies, repatriation, legal expenses, loss, theft or damage to personal belongings, and cancellation or curtailment of your trip. The types and levels of cover can vary dramatically from one policy to another so you should make sure that you’re getting the cover that you want and that you need.

Also, some travel insurance policies won’t cover you for certain destinations, activities or types of holidays, such as:

  • Cruise holidays
  • Winter sports
  • Worldwide travel
  • Pre-existing medical conditions

Note: Travel insurance will generally exclude any accident or injury that has happened whilst under the influence of alcohol or drugs.

What is classed as a pre-existing medical condition for travel insurance?

According to one of the UK’s top travel insurance providers, Staysure clearly states that ‘you must declare ALL pre-existing medical conditions when your take out a travel insurance policy’. Witholding any information about your health or medical history could expose you to the risks of rendering your cover invalid and therefore class any claims as ‘null and void’.

Any of the following pre-existing conditions must always be disclosed on your travel insurance application:

  • Cardiovascular conditions (e.g. blood pressure, cholesterol, heart disease etc.)
  • Cancer(s)
  • Any Stroke or Transient Ischemic Attack (TIA)

You should also let your travel insurance provider know about any of the following medical investigations, tests or treatments in the past two years:

  • Symptoms (whether or not you have consulted a doctor)
  • Medication or treatments
  • Scans or investigations
  • Medical appointments and check-ups
  • Surgery
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iaminsured.co.uk

https://www.iaminsured.co.uk » guides

Martin Lewis pre-existing medical conditions - iam|INSURED

How much should I spend on travel insurance?

According to a recent travel insurance survey carried out by Forbes Advisor’s Analysis (Average cost of travel insurance 2023), the average cost of travel insurance is between 5% and 6% of the cost of your trip.

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