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Best Travel Insurance for Seniors

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One of the many perks of retirement is that you have more time to travel and explore new places. If you plan on traveling abroad or domestically, we recommend purchasing travel insurance for some added peace of mind. Travel insurance offers protection when you find yourself in an unexpected situation, such as an injury that requires emergency medical care, lost luggage, or canceled flights. If you’re on the fence about purchasing travel insurance, we’ll go over some of the reasons why you might benefit from it. With affordable rates you’ll find that travel insurance can help reduce the stress of traveling and incurring unexpected out-of-pocket costs.

Let’s take a closer look at the best travel insurance providers for seniors.

Did You Know: In 2021, a study by AAA Travel found that 31 percent of travelers would be more likely to purchase travel insurance during the pandemic.1

How We Chose the Best Seniors Travel Insurance

When choosing the best travel insurance providers, we considered the following criteria.

  • Coverages: We chose travel insurance providers that offer the best comprehensive coverage with higher limits for trip cancellations, emergency medical transportation, and baggage delay.
  • Specialized coverages: We focused on companies that offer optional or additional specialized coverages like car rentals or accidental death and dismemberment.
  • Preexisting medical conditions: Our list features some providers that offer preexisting medical condition waivers.
  • Cruise coverage: The companies on our list offer cruise coverage along with traditional travel insurance.
  • Financial standing: It’s important to align yourself with a provider with an excellent financial portfolio. We chose providers with above average ratings by reputable ranking agencies.
  • Customer service: We assessed the ease of use navigating each insurance provider’s mobile app and claims processing center. We also evaluated how easy it was to obtain free online quotes and contact customer service.
  • Affordability: The providers on our list offer budget-friendly coverage for seniors over the age of 65 and their families.

Comparing the Best Travel Insurance for Seniors

To give you a better idea of prices, we researched the average costs of travel insurance for older adults from each of our top providers. We obtained quotes for 65-year-olds on a two-week trip to Italy with an $8,000 travel budget.

Provider Plan name Price (per insured) for 65-year-olds
Allianz OneTrip Prime $576
International Medical Group iTravelInsured Travel LX $896.64
John Hancock Silver plan $640
Nationwide Essential Plan $660.35
Travel Guard Preferred Plan $503.17

What Does Travel Insurance Cover?

Many travel insurance plans cover the following benefits, with options for specialized or add-on coverages:

  • Trip cancellation: Receive a reimbursement if you need to cancel your trip.
  • Trip interruption: If your trip is interrupted, you can get reimbursed for the nonrefundable amount of your trip and the cost of transportation per insured person.
  • Travel delay: You can get reimbursed a certain amount per day if your trip is delayed for a specified period of time.
  • Cancel for any reason: Receive a refund for a portion of your trip expenses if you need to cancel your trip due to a death in the family or other situation.
  • Baggage delay: If your baggage is delayed for a specified period of time, you may receive reimbursement for the hours delayed and if you need to purchase specific items due to the delay.
  • Emergency medical: If you have dental or medical emergencies while traveling, this benefit can cover these expenses.
  • Car rental: As an add-on, you can get car rental insurance to help cover the cost of rental car damages and other expenses if you get into an accident.
  • Medical evacuation: Also known as medevac, this optional coverage provides emergency medical transportation if you need to be airlifted.
  • Accidental death and dismemberment: In the event that you die during your travels as a result of an accidental death or dismemberment, your beneficiary would receive certain benefits.
  • Repatriation of remains: If a traveler passes away during your trip, this benefit will cover the cost to return them home.
  • Preexisting medical condition waiver: Some insurance providers offer coverage for those with preexisting medical conditions.

How Much Does Travel Insurance Cost for Seniors?

Based on our research after obtaining online quotes from five different travel insurance providers, we found that the average cost of travel insurance is $655.23 per insured person when you plan to spend around $8,000 for an international trip. While this might seem steep, travel insurance can help you avoid thousands of dollars in out-of-pocket expenses in the event of an emergency. According to Forbes, the average cost of travel insurance is roughly six percent of your overall trip costs and is dependent on the amount you plan to spend on your trip.

Tips for Choosing the Best Travel Insurance for Seniors

When planning a trip, it’s important to compare travel insurance quotes to make sure you get the best deal. It’s better to plan ahead and enjoy the rest of your trip knowing you’ve purchased the best travel insurance for your needs. We’ve compiled a list of tips on how to choose the best travel insurance below:

  • Coverage: Many insurance providers will highlight one of their best value plans to help you stay under budget. If cost is your main concern, choose a plan that offers the minimum coverage with the option of adding additional coverage if needed.
  • Preexisting conditions: Not all providers offer preexisting conditions waivers, so it’s important to research and inquire about this if you’re so affected.
  • Discounts: Agencies like AARP may offer senior discounts and travel savings if you’re a member. Consider these discounts on top of your travel insurance purchases.
  • Medical expenses: Look into comprehensive travel insurance plans that offer substantial medical coverage. Some plans may require you to purchase separate travel medical insurance.
  • Compare providers: Get quotes from multiple providers and compare rates and coverage. Think about the benefits that are the most important to you, along with your budget, and choose a plan accordingly
  • 24/7 assistance: Some companies offer 24/7 assistance, which is essential when traveling in different time zones. Also check to see if your provider offers concierge services.

Frequently Asked Questions About Seniors Travel Insurance

Written By

Jeff Hoyt

Editor in Chief

Since graduating from Harvard with an honors degree in Statistics, Jeff has been creating content in print, online, and on television. Much of his work has been dedicated to informing seniors on how to live better lives. As Editor-in-Chief of the personal… Learn More About Jeff Hoyt