still kicking Posted February 21, 2023 Share Posted February 21, 2023 So, it might be the wrong forum, but the mods can always move it Why is travel insurance so expansive? My flight cost me $700 but my insurance cost me more than that, so I am not surprised a few people chouse not to take out travel insurance. I only spend 3 Weeks in Thailand Link to comment Share on other sites More sharing options...
treetops Posted February 22, 2023 Share Posted February 22, 2023 How old are you and do you have any pre-existing conditions? For a comparison, my UK issued annual policy last year was less than £40 GBP. Worldwide cover except USA. Declared one pre-existing condition (no loading) and in my 50s. Link to comment Share on other sites More sharing options...
still kicking Posted February 22, 2023 Author Share Posted February 22, 2023 1 hour ago, treetops said: How old are you and do you have any pre-existing conditions? For a comparison, my UK issued annual policy last year was less than £40 GBP. Worldwide cover except USA. Declared one pre-existing condition (no loading) and in my 50s. Well, I am 75 only listed 1 pre-existing condition and my insurance was quoted higher than my flight cost of about $AUD 700. Link to comment Share on other sites More sharing options...
gearbox Posted February 22, 2023 Share Posted February 22, 2023 18 minutes ago, still kicking said: Well, I am 75 only listed 1 pre-existing condition and my insurance was quoted higher than my flight cost of about $AUD 700. Why do you think that you are entitled to a cheap insurance at the age of 75? The insurance companies are businesses and need to turn a profit. They employ actuaries and statisticians who calculate premiums taking into account multiple factors, the primary one being the age of the insured. I'm just below 60 and paid around $460 aud with Medibank Private for medical only cover for 5 months. Link to comment Share on other sites More sharing options...
still kicking Posted February 22, 2023 Author Share Posted February 22, 2023 3 minutes ago, gearbox said: Why do you think that you are entitled to a cheap insurance at the age of 75? The insurance companies are businesses and need to turn a profit. They employ actuaries and statisticians who calculate premiums taking into account multiple factors, the primary one being the age of the insured. I'm just below 60 and paid around $460 aud with Medibank Private for medical only cover for 5 months. Medibank Private is not a travel insurance it is a private health insurance and is to expansive for most people about 15% cancelled their private health insurance in the last year and more will do the same after April this year when it goes up again by about 5%. Link to comment Share on other sites More sharing options...
gearbox Posted February 22, 2023 Share Posted February 22, 2023 Just now, still kicking said: Medibank Private is not a travel insurance it is a private health insurance and is to expansive for most people about 15% cancelled their private health insurance in the last year and more will do the same after April this year when it goes up again by about 5%. Medibank Private sells travel insurance, pet insurance etc....if you are a member you'll get 20% discount. Link to comment Share on other sites More sharing options...
still kicking Posted February 22, 2023 Author Share Posted February 22, 2023 1 minute ago, gearbox said: Medibank Private sells travel insurance, pet insurance etc....if you are a member you'll get 20% discount. So does the RAC Link to comment Share on other sites More sharing options...
steve187 Posted February 22, 2023 Share Posted February 22, 2023 47 minutes ago, still kicking said: So does the RAC and the post office, op shop around Link to comment Share on other sites More sharing options...
norfolkandchance Posted February 22, 2023 Share Posted February 22, 2023 Goggle 'Journeyman Services' Link to comment Share on other sites More sharing options...
still kicking Posted February 22, 2023 Author Share Posted February 22, 2023 2 hours ago, steve187 said: and the post office, op shop around Post office is a rip off they charge $4oo more than my cheapest quote. I take medication for high blood pressure and cholesterol but after taking medication everything is normal do I still have to declare it as pre-existing condition? Link to comment Share on other sites More sharing options...
steve187 Posted February 22, 2023 Share Posted February 22, 2023 7 hours ago, still kicking said: Post office is a rip off they charge $4oo more than my cheapest quote. I take medication for high blood pressure and cholesterol but after taking medication everything is normal do I still have to declare it as pre-existing condition? yes Link to comment Share on other sites More sharing options...
Dante99 Posted February 22, 2023 Share Posted February 22, 2023 7 hours ago, still kicking said: I take medication for high blood pressure and cholesterol but after taking medication everything is normal do I still have to declare it as pre-existing condition? no, you can lie 1 1 Link to comment Share on other sites More sharing options...
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