Why so expensive for 66 and over?

Rosemary

My husband is now 66 and travel insurance renewal has gone through the roof. Our current company (done through MSE links) has been great. But next renewal they reduce the days abroad from 60 to 31 and cost is almost triple! I'm told it's based on statistics - where can I find the statistics that show people of 66 yrs and older are three times more likely to have an accident/fall ill whilst away from home?

martinsurrey

Rosemary wrote: »

My husband is now 66 and travel insurance renewal has gone through the roof. Our current company (done through MSE links) has been great. But next renewal they reduce the days abroad from 60 to 31 and cost is almost triple! I'm told it's based on statistics - where can I find the statistics that show people of 66 yrs and older are three times more likely to have an accident/fall ill whilst away from home?

they may be aggregating age groups, so 55-65 and 65-75.

from

Gov Stats

you can work out that
837/100,000 55-64 year olds die per year
2098/100,000 65-74 year olds die per year

very crude and I'm sure they use their own stats and methods, but it does show that the numbers do really change as you age.

Rosemary

Thank you.
Wow- did not realise that the stats were so high for this age group. Wonder why when we are told people are retiring early, and health care and living conditions are so good!

rudekid48

Also, as the recent referendum demonstrated, people aged 65+ start to lose a grip on reality and get wound up by foreigners, therefore it is logical that the risk of high blood pressure / stress related incidents will increase significantly for this age group when travelling outside of the UK....;)

Rosemary

Just for your information - both of us are over 65's and wanted to stay/remain in the EU. We did not wish to leave as we feel the benefits are better, the consequences of leaving are unknown and not something we (both having a grip on reality) wish to contemplate.

Aretnap

Shop around. Different insurers have different target markets, so the cheapest one for a younger person is not necessarily the cheapest one for an older person. Also new customers tend to have their premium discounted, and the expense of people who just renew blindly year after year.

Yes variation in claims rates play a big role in pricing - but they're not the be all and end all.

martinsurrey

Rosemary wrote: »

Thank you.
Wow- did not realise that the stats were so high for this age group. Wonder why when we are told people are retiring early, and health care and living conditions are so good!

Thats still about 2 in 100, for every 100 70-75 year olds that start a year, 98 will make it to the other end.

really not bad at all!

rudekid48

Rosemary wrote: »

Just for your information - both of us are over 65's and wanted to stay/remain in the EU. We did not wish to leave as we feel the benefits are better, the consequences of leaving are unknown and not something we (both having a grip on reality) wish to contemplate.

OK, maybe the on the end of my post wasn't enough of a clue....

Does being over 65 affect your ability to spot a tongue in cheek comment?