Quote Search
Car Insurance Travel Insurance Home Insurance Life Insurance Health Insurance
Select Company
Keyword Search

Travel Insurance

Home Insurance

Life Insurance

Health Insurance

Tesco Car Insurance
Major Names

AIG Health Insurance

AXA PPP Health Insurance

Bupa Health Insurance

HSA Health Insurance

Legal and General Health Insurance

Norwich Union Health Insurance

Saga Health Insurance

Standard Life Health Insurance

WPA Health Insurance

Medical insurance

Private medical care insurance

Private health insurance UK

Private health insurance

Private health care insurance

Personal medical insurance

Personal health insurance

Personal health care insurance

Permanent health insurance

Small business health insurance

Travel health insurance

Health care

Medical health insurance

Private medical insurance UK

Private medical insurance

Low cost medical insurance

International medical insurance

International health insurance

Individual medical insurance

Individual health insurance

Medical insurance UK

Medical insurance company

Health insurance quote

Health insurance plan

Health insurance coverage

Health insurance cover

Health insurance company

Group health insurance

Family health insurance

Expatriate medical insurance

Private health care

Travel medical insurance

UK medical insurance

Medical insurance provider

Major medical insurance

Cheap health insurance

Affordable health insurance

Health insurance UK

Health insurance companies

Health insurance

Health care UK

Cheap medical insurance

Car Insurance

Travel Insurance

Home Insurance

Life Insurance

Health Insurance

Personal Finance News

Copyright Notice
Useful Sites

loan.org.uk - guide to getting a loan

Personal medical insurance

The older you are, the higher your premiums

The cost of personal medical insurance increases with age: while a 21-year-old might pay around £20 per month for a standard policy, a 71-year-old would be charged five times that amount. The reason for the difference in premiums is simple: young people are less likely to make a claim.

Personal medical insurance is much more expensive for older people: even a cheap policy such as Sainsbury's would cost £113 per month for a 71-year-old, while a 21-year-old would pay just £21.95 for the same level of cover.

The reason for the different premiums for the same personal medical insurance is simple: the older you are, the more likely you are to suffer serious injury or illness. From an insurer's point of view that means you are much more likely to claim on your policy, whereas a 21-year-old is more likely to pay premiums for year after year without making a single claim. As all insurance is based on risk, the older you are the higher the risk - and the higher the premium.