What does your age have to do with travel insurance? Quite a bit. Especially on how much you’ll have to pay. As the saying goes, it’s best to be the “early bird that gets the worm” when it comes to purchasing your policy sooner than later in order to lock in a better rate.

How age affects your premium

Changes in your health condition, medication or stability are only a few factors that can add to the cost of your insurance policy. Your age is another important one. Many people may not realize how their age can affect their premium costs so, here is an example of how it can and a tip to avoid paying more than you have to.

At what age will my premium be affected?

Most insurance carriers have age categories with their respective premium costs. The timing of your birth date and the date you purchase your insurance can affect your premium, especially if you’re moving into the next age bracket. For example, if you’re turning 71 soon, you may want to purchase coverage prior to your birthday and lock in the rate for a 70-year-old. Because some insurers will increase their rates at age 71. This is a perfect example of how the “early bird gets the worm” (a better rate). Keep in mind that different insurance carriers have different age requirements so it’s better to shop around first, before you purchase your travel insurance.

Let us shop the market for you

As a premier travel insurance brokerage, we have an experienced and knowledgeable team on hand to shop the travel insurance market for you. We get to know you and your needs, and helping you save your time and money is also important to us. We have a diverse portfolio of insurance products (or worms) to choose from, so let us help you dig around for your best “early bird” rate today!