How much does private health insurance cost?

The likelihood is that if you are thinking of taking out private health insurance you are wondering how much it will cost. The cost of private medical insurance varies from person to person as it is based on a range of factors.  

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Top tips for getting a competitive health insurance premium

Don't pay for benefits you are unlikely to use, for example if you are opting for a high excess such as £500 it is unlikely you will claim for therapy benefits like physiotherapy as the cost will generally be lower than your excess.

Shop around every year, make sure that the broker you are using works with a range of providers and not just one or two. If you are doing the review yourself, take the time to speak to a number of providers before making a decision.

Plan ahead. If you are thinking of taking out cover for the first time, decide what you would do should the premium go up after a claim before you buy. Are you the type of person who would accept a measured level of risk and opt for exclusions? Or are you the type of person who would hold onto that cover for as long as possible, make sure you have enough finance to cover you long term.


There are several factors that can affect the cost of your health insurance, some of these factors may be in your control and others will not be within your control.

  • Age – Premiums usually increase with age, this is because the insurers attribute a greater risk of claiming to a rise in age. 
  • Medical History – One thing we hear a lot is “I have not considered medical insurance as it would be far too expensive given my medical history”. Whilst it is true that some providers will “load” premiums based on medical history, not all do to find out which ones don’t, please get in touch 01242 350071.
  • Postcode – Some providers load your premium based on postcode as insurers will take into consideration which private hospitals in your area you are likely to use. That said not all do, if you live in a highly rated area like London and want to see which providers do not load your premium due to your choice of location, give us a call.
  • Excess – Choosing to add an excess to your policy can help decrease your premium. This is then the amount you will contribute to towards treatment.
  • Hospital List – When taking out a policy you will need to select a hospital list. Lists will vary from insurer to insurer. If you choose a list containing the top London hospitals like the Wellington, then this may increase your premium. 
  • Additional Therapies – Choosing to add additional therapies like physiotherapy or mental health cover, can impact on the cost of your premium. 
  • Outpatient Cover – Removing outpatient cover from your policy will reduce the premium. However, if speed of treatment is a key requirement for holding a policy then this is not something we would recommend. Find out more about outpatient cover.

Health Insurers are now offering more rewards for living a healthy lifestyle. VitalityHealth particularly encourage members to keep active by giving them access to discounts for gyms, cinema passes and Garmin tracking devices. 

Other insurers may ask you to fill out a questionnaire to establish how healthy you are and based on your score may offer you a discount at renewal.

Private Medical Insurance is not a one size fits all product. Because of this any “quick quotes” you obtain online, are unlikely to be accurate. 

Everybody has different concerns and their own reason for wanting healthcare cover. Without speaking to a health insurance specialist, it is a gamble to whether or not you are getting the right policy for your needs.

Reasons to make Healthcare Clarity your Health Insurance Broker

Health Insurance Experts

We know the market inside out and we don't shy away from giving the right advice in any situation however difficult.

Free service

The service we provide is completely FREE and you are under no obligation to act on the quotes we provide.

Whole of market

We work with all the UK's health insurance providers.

Qualified Advisors

Not only do our advisors have many years’ experience in the industry, they are also IF7 accredited.

No call centres

With a dedicated team of experts there is no need to worry about being passed from department to department.

Ongoing support

The team here at Healthcare Clarity are on hand all year round to offer support and assistance with any potential issue you come across. There is no limit on our time, it's client first now and always.