Equality Bill secures travel insurance prices
11 May 2009 06:52
The government's recently published Equality Bill will ensure that the over-65s pay higher premiums on their travel insurance than those in younger age brackets.
That is according to the price comparison site moneysupermarket.com, which conducted research into the cost of travel insurance and discovered that consumers pay 100 per cent less if they are under 66.
To counteract this trend, the financial advice providers recommended that consumers buy their policies online and ensure that they shop around as much as possible.
Maxine Baker, travel insurance manager at moneysupermarket.com, explained that insurers class older travellers as more high risk.
She said: "Now that the Equality Bill has sanctioned 'appropriate age-based treatment', it means some travellers will continue find their premiums rise considerably on their 66th birthday."
Earlier this year, the Daily Mail highlighted the problems some travellers aged over 70-years-old face when trying to secure a travel insurance policy.