Going on holiday whilst you're young seems to be the cheapest option as less and less companies are insuring the aging travellers. Of course, the older you get the more likely you are to make a claim on your policy so there is no shock to see why some companies are increasing premiums or refusing people all together but it may come as a shock to know that 97% of travel insurance providers enforce an upper age limit on travellers.

If you are over 65 then you can rule out 25% of insurers when travelling abroad and for travellers over the age of 75, you can forget about contacting 73% of insurers.

The majority of older travellers are making trips to visit relatives or maybe making the most of a week away somewhere tranquil; this is needed after the stress caused trying to obtain the relevant cover.

This also comes as the working age is already in talks to increase to 70 as we are now living longer and maintaining better health conditions. People who want to kick off their retirement with a bang will face hefty travel insurance costs, some as much as £800. So any money saved on free bus travel will be needed to fund any insurance needed for travelling abroad.

79 is the popular age for insurance companies to stop covering the aging travellers and it is no surprise to know that 31% of over 80's feel they are being discriminated against by the insurance providers.

Cheap travel insurance is available if you shop around, compare travel insurance / holiday insurance online to find the best deal for you.