Of course, going overseas without travel insurance would be a very bad idea but you don't want to blow your holiday money on paying for protection.

We take a look at how to find cheap travel insurance for senior citizens and run through five top tips to help you find the best deal.

1) Look for specialised elderly travel insurance

You may well qualify for mainstream travel insurance but if you are more mature, you might find that you don't get offered the cheapest rates.

In many cases the best travel insurance for seniors can be found from companies that specialise in the over 60s market. This is because they are better placed to understand the risks and can charge a more accurate premium rather than simply hiking up the cost with your age.

The best way to check where you can get the cheapest deal is by carrying out a senior citizen travel insurance comparison. This will let you see at a glance where you are likely to save the most money.

2) Decide between single & annual cover

Seniors travel insurance comes in many shapes and forms so working out the most affordable type of cover could help you save money in the long run.

For example, are you a regular traveller or is this trip likely to be a one-off event? If you plan on going overseas a couple of times or more per year you might find that getting an annual senior holiday insurance policy rather than paying each time you travel works out more cost effective.

Equally if you're only planning on a single trip overseas in the next 12 months a dedicated single travel insurance policy could be the best option.

3) Check the fine print

Scrolling through the terms and conditions of any insurance document isn't much fun but it's important to make sure you understand the limitations of your cover, particularly if you have pre-existing medical conditions.

Some insurers simply exclude illnesses or conditions which you have previously been treated for and if you aren't aware of this and the worst happens, you could end up stranded abroad facing a medical bill which runs into thousands of pounds.

If you are considered a high risk or have a longer than average medical history, it doesn't mean you can't get cover.

There are many companies who specialise in providing senior holiday insurance which covers pre existing conditions.

4) Price isn't everything

Of course you want cheap holiday insurance for seniors, but it's vital that you don't skimp on the cover you need.

For example, picking a provider that offers a 24 hour helpline will make life much easier if you have to claim but may cost a little more.

When you compare senior citizen travel insurance, take a look at what you get for the price. How high is the excess? Does the cover include protection for your money and travel documents?

A comparison table will help you find travel insurance for senior citizens which offers the most comprehensive cover for the lowest price.

5) Go online to look for cover

The days of having to ring round providers to get senior citizens travel insurance quotes is long gone and with the introduction of the internet, you can now get an instant price online in many cases.

Whilst you can still get insurance from your travel agent, many of the best deals can be found online. It also gives you the chance to shop around to get the cover which best matches your needs.

The extra advantage of buying your senior travel insurance online is that many companies offer a discount to customers who buy over the internet. In some cases the discount can be as much as 30%, leaving you with more money to enjoy on your travels!