Cost Of Schengen Travel Insurance

The term “Schengen insurance cost” pertains to the amount of money that individuals are required to pay in order to secure insurance coverage for their travels within the Schengen Area. 

This cost is subject to variation depending on a range of factors, including the specific insurance company selected, the length of the intended trip, the total number of individuals being insured under the policy, and the extent of coverage that the insured parties wish to avail themselves of during their travels.


Keep in mind the following factors when looking at the cost of Schengen insurance:


  • Duration of coverage. Your trip duration usually requires a longer coverage time frame, resulting in higher premiums. This is usually due to the increased risk exposure for the insurer. If you plan to stay in the Schengen Area for an extended period, you can expect to pay more for your insurance.
  • Age of the insured. Age is a significant factor in determining the price of Schengen insurance. Older individuals may be charged higher premiums as they are considered to have a higher probability of requiring medical assistance during their travel. Insurance companies consider the increased likelihood of age-related health issues when calculating premiums.
  • Medical history and pre-existing conditions. The insured’s medical history, including any pre-existing conditions, can impact the price of Schengen insurance. Individuals with known health issues may be subject to higher premiums to account for potential medical expenses during their trip. Insurance providers assess the risk associated with pre-existing conditions and adjust premiums accordingly.
  • Coverage limits and benefits. Comprehensive coverage with a wider range of benefits will generally be more expensive. Policies with higher coverage limits and broader benefits tend to come with higher premiums to account for the increased level of protection.
  • Deductibles and copayments. The presence of a deductible (the amount you must pay out of pocket before the insurance coverage kicks in) and co-payments (a percentage of the total cost you are responsible for) can impact the price of Schengen insurance. Higher deductibles and copayments often lead to lower premiums as you share more financial responsibility, while low deductibles or zero deductibles result in higher premiums.
  • Additional add-ons and benefits. Optional add-ons, such as trip cancellation coverage or baggage insurance, can increase the price of Schengen insurance. Including these extras in your policy will result in higher premiums. It’s important to consider whether these additional benefits are necessary for your specific travel needs.
  • Insurer’s underwriting criteria. Each insurance company has its own underwriting criteria that determine the risk assessment and pricing of policies. Factors like the insurer’s claims experience, financial stability, and risk appetite can influence the premiums for Schengen insurance. It’s advisable to compare different insurance providers to find the most competitive rates.
  • Market competition and demand. The overall market conditions and competition among insurance providers can influence the price of Schengen insurance. Greater competition may lead to more competitive pricing and potential discounts to attract customers. It’s worth comparing quotes from different insurers to ensure you get the best value for your money.


Considering these factors and comparing options helps you find suitable coverage that meets your needs and budget. It’s essential to consider factors like coverage, deductibles, policy limits, and specific travel requirements when determining the cost of Schengen insurance. Basic plans typically cover medical expenses and repatriation, while more comprehensive plans offer additional benefits.

What Is the Cheapest Schengen Insurance?

Schengen insurance cost

As previously indicated, the most affordable Schengen insurance option is subject to fluctuation due to a multitude of considerations, and it has been observed to reach a minimum of EUR 8 per individual. 

However, it’s crucial to bear in mind that selecting a policy solely based on its price point is ill-advised, as frequently the least expensive choice may not adequately align with your requirements for coverage.

Are the Insurance Costs Different for Different Countries within the Schengen Area?

The cost of your Schengen insurance remains the same regardless of the countries you visit within the Schengen Area. 

Schengen insurance is designed to provide coverage throughout the entire Area and is valid in all member countries. With one premium, you can have comprehensive coverage in all Schengen countries, ensuring peace of mind throughout your trip.

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Are There Any Deductibles or Out-of-Pocket Expenses Associated with Schengen Insurance?

Schengen insurance cost

Yes, Schengen insurance policies may have deductibles or out-of-pocket expenses. Deductibles require you to pay a certain amount before insurance coverage applies. Out-of-pocket expenses refer to costs you are responsible for even after insurance coverage.


The presence and amount of deductibles and out-of-pocket expenses vary by policy and provider. These measures help share the financial responsibility between the insured individual and the insurance provider. 


It’s important to review the specific policy terms to understand the extent of these expenses. Consider your budget and healthcare needs when choosing a policy with or without deductibles and out-of-pocket expenses.


Cost-Saving Tips to Consider When Purchasing Schengen Insurance

Here are some quick cost-saving tips when looking to purchase your Schengen insurance:

  • Compare multiple providers. Obtain quotes from various insurance providers, including Insubuy, to find the most competitive prices while meeting your coverage needs.
  • Don’t buy a comprehensive policy if you don’t need it. Assess your insurance needs carefully, and if you do not require a comprehensive policy, then opt for a basic plan that, at a minimum, meets the Schengen visa insurance requirements. Additional but unnecessary coverage can make a dent in your budget.
  • Assess deductibles and copayments. Review the deductibles and copayments and consider opting for higher amounts to lower premiums. However, remember that a higher deductible to lower your premium is always a calculated risk, as you never know when you might need to use your insurance.
  • Buy a group or family coverage, if possible. Inquire about group or family coverage options if travelling with other family members or friends, as insurance providers may offer discounted rates for multiple travellers.
  • Research local insurance providers. Explore options from local providers in the destination country, which may offer more affordable rates.
  • Check for discounts or promotions. Keep an eye out for any discounts or promotions that insurance companies may offer based on factors like early booking or loyalty programs.
  • Seek advice from travel experts. Consult travel agents, insurance brokers, or experienced travellers for insights and recommendations on cost-effective insurance options.

Frequently Asked Questions 

What is the Cost Of Schengen Travel Insurance? 

depends on the insurance company


When obtaining Schengen insurance, prioritise coverage alignment over cost. Assess your needs and choose a policy that ensures comprehensive protection during your travels in the Schengen Area.

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