As you get older, it is typical for insurance costs to increase. The same holds true for travel insurance. Traveling is an activity that can present many risks, and as the age of a traveler increases, so do the costs associated with travel insurance.
Risk factors such as health conditions and lifestyle choices are taken into account when setting rates for travel insurance policies. The higher the risk level of the traveler, the more expensive the policy.
Older travellers tend to face higher costs for travel insurance due to the increased risks associated with age. For example, an elderly person may have pre-existing conditions that can make them a greater risk when it comes to health care needs while traveling. Additionally, seniors may be at greater risk of falling or slipping.