The Cheapest Travel Insurance for Schengen Visas

Whether you’re heading to Paris, Rome, or exploring the hidden gems of other countries in the Schengen zone, understanding travel insurance is essential.

You may already know that proof of insurance is required when applying for your Schengen visa, but finding the cheapest travel insurance for Schengen visas that’s both affordable and comprehensive can feel like a daunting task.

Don't worry! We’re here to guide you through everything you need to know about finding the best travel insurance for Schengen visas – without breaking the bank.

Why do you need travel insurance for a Schengen visa?

One of the critical requirements when applying for a Schengen visa is showing proof of adequate travel insurance. Officials want to make sure that you’re covered in the case of a serious accident or unforeseen illness while visiting their country, thus they require travelers to have adequate protection.

The Schengen travel insurance that you choose must cover a minimum of €30,000 for medical emergencies, including repatriation in case of serious injury or death. Whether or not you’d like other guarantees, such as protection for lost or stolen luggage or papers, for example, is up to you.

While that may sound intense, having insurance not only is required for visa approval but also ensures peace of mind during your trip. After all, who wants to be stranded abroad with unexpected medical bills?

What is the cheapest travel insurance for Schengen visas?

If you’re looking for the cheapest travel insurance for Schengen visas, there are a few options. Europ Assistance Essential, AXA Silver and Mutuaide Basic are three excellent options, as they are known for being affordable while still meeting all Schengen requirements when purchased through Insurte.

Plus, they offer varying levels of coverage, so you can pick the one that suits your needs without overpaying.

The total cost of your travel insurance premium will also depend on a few individual factors. Purchasing travel insurance for one person is typically less expensive than purchasing it for 4 people, for example. The more people that require coverage, the more you can expect to pay for your travel insurance.

The same is true with dates. The longer your trip is, the more you will pay because there are additional days to ensure you’re protected.

What should you look for in cheap Schengen visa insurance?

While price is an important factor, there are a few other things to keep in mind:

Schengen Compliance: The policy you choose must meet the Schengen visa insurance requirements, which are:

• Minimum coverage of €30,000 in medical costs
• Must include coverage for emergency hospitalization, medical evacuation, and repatriation
• Must be valid for the entire duration of your stay
• Must be valid in each of the 29 countries in the Schengen zone

💡 All travel insurance purchased through Insurte are guaranteed Schengen compliant.

Medical expenses coverage: Look for cheap travel medical insurance for Schengen visas that covers medical emergencies, hospitalization, and repatriation.

Travel duration: Some insurance providers offer better rates for longer stays, while others excel at short trips.

Customer support: It’s always good to know that you can reach your insurer 24/7 in case of an emergency abroad. Insurte offers 24/7 support.

Where can I buy cheap Schengen travel insurance?

There are several platforms where you can compare and buy cheap insurance for Schengen visas online. One of the most trusted and affordable options is Insurte.

With 13+ years of experience in the industry, Insurte covers anyone from anywhere and works with Europe’s largest insurance providers to ensure a high-quality experience. These partners include:

• AXA Schengen Insurance – Known for its affordability and reliable coverage, AXA is a popular option for travelers applying for Schengen visas.
• Europ Assistance – They offer several plans that meet Schengen visa requirements, with options that fit a variety of budgets.
• Allianz Travel Insurance – This global insurer provides comprehensive coverage at competitive rates.
• Mutuaide - A global provider that has specialized in Medical assistance for over 40 years, offering affordable, compliant coverage.

Travelers can purchase policies quickly, easily, and securely online, ensuring that you get your insurance certificate in minutes – perfect for those last-minute planners or those who prefer to cross their t's and dot their i's ahead of time.

Which travel insurance is best for Schengen visas?

When deciding on the best travel insurance for Schengen visas, it’s all about finding a balance between cost and coverage.

For example, AXA offers both budget-friendly and premium plans, ensuring that every traveler’s needs are met.

Europ Assistance Essential: best for budget travelers

Europ Assistance provides great coverage at low costs. They offer flexible plans that are ideal for both short vacations and longer stays, ensuring compliance with visa requirements.

Purchasing a Europe Assistance policy through Insurte allows you to find terms you won’t find anywhere else – and the process is entirely online.

Mutuaide Universal through Insurte: best for comprehensive coverage

If you prefer a higher level of protection, Mutuaide offers broader coverage, including assistance for lost or stolen papers (such as passports), COVID-19 coverage, and more, all on top of the minimum medical insurance required for your visa.

How to find the right balance between the cheapest Schengen visa insurance and the most comprehensive Schengen visa insurance

When looking for cheap insurance for Schengen visas, the goal isn’t just to find the lowest price, but to ensure you’re adequately covered should you need it (and that the policy fulfills your Schengen visa requirements, of course).

The cheapest policy might save you a few dollars upfront but could cost you more in the long run if it doesn’t provide the right coverage for your needs.

Here are some tips to strike the perfect balance:

Compare insurance plans before purchasing: Look at what each insurer offers in terms of medical coverage and emergency support.

Consider your destination: If you're visiting countries with higher healthcare costs, it’s worth investing in more comprehensive coverage with higher coverage amounts.

Double-check the Schengen requirements: Make sure the insurance you choose is 100% Schengen compliant. Or, purchase a policy through Insurte, where Schengen compliance is 100% guaranteed.

What is the best Schengen visa travel insurance?

The best Schengen visa travel insurance for you depends on your specific needs. If you’re prioritizing price, Europ Assistance Essential might be ideal as their policies provide the basic necessary coverage at a low cost.

On the other hand, if you want extensive coverage that is more comprehensive and covers potential travel risks beyond the requirements of your Schengen visa application, Mutuaide Universal is a great option.

List of the best travel insurance providers for Schengen visas

To make your decision easier, here’s a list of some top-rated providers that offer both the best Schengen visa insurance and budget-friendly options. Each of these providers is available to purchase through Insurte’s 100% online platform.

• AXA Schengen – Affordable, reliable, and quick to purchase online
• Allianz Travel Serenity – Offers comprehensive plans, allowing you total serenity during your travels
• Mutuaide Insurance – Known for Schengen-compliant plans with great coverage
• Europ Assistance – Flexible options for both short and long-term travelers at low prices

Finding the cheapest travel medical insurance for Schengen visas doesn't have to be overwhelming. Whether you’re traveling for a week or several months, there are plenty of options that provide affordable, reliable coverage at a reasonable price.

By taking the time to compare plans and assess your needs, you’ll have peace of mind knowing you’re protected…without spending a fortune.

Remember, having travel insurance is more than just ticking a box for your visa. It’s about safeguarding your journey, health, and well-being while you explore the beauty and culture of the Schengen zone.