All foreign travelers are required to obtain travel insurance when visiting the Schengen region, which can cover unforeseen medical situations or expenses that may be incurred during their European holiday. While the need for travel insurance is mandatory, seeking affordable or the most cost-effective travel insurance for a Schengen visa is a must. Let us guide you through the most affordable Schengen travel insurance plans, including key providers, coverage details, and useful tips for finalizing the best insurance plan.
The Importance of Schengen Travel Insurance
All foreign travelers must obtain travel insurance for a Schengen visa, covering a minimum of € 30,000 to cover medical emergencies and expenses that may be incurred. This requirement is taken into consideration so that the traveler can cover their health emergencies without burdening the Schengen countries’ healthcare system. The need for valid travel insurance is non-negotiable when submitting a Schengen visa application.
Coverage of the Travel Insurance for Schengen Visa
All valid travel insurance for a Schengen visa must cover the following:
- Medical expenses up to € 30,000
- Medical emergency evacuation and repatriation of remains
- Valid across all Schengen member countries during the entire trip duration.
Many insurance companies offer additional benefits in their plans, which is always welcomed by the Schengen authorities. Commonly provided additional benefits include 24/7 assistance, consultation on lost documentation, trip interruptions, and coverage for COVID-19-related costs.
Cheapest Travel Insurance Plans for Schengen Visas
When it comes to the cheapest travel insurance for Schengen visas, below is the comparison among the best affordable options:
1.Europe Assistance – Schengen
- Price – Starts from € 3 per day per applicant
- Coverage – € 30,000 medical expenses without any deductible
- Features – Instant embassy-approved certificates for download
- Ideal for – Short-term travelers looking for compliant and affordable options.
2. Mutaide – Basic Lite
- Price – € 1.5 per day per applicant
- Coverage – medical emergencies, legal assistance, travel interruptions, and € 30 deductibles.
- Features – Accepted across EU embassies and consulates worldwide.
- Ideal for – Travelers prioritizing cost savings and essential benefits.
3. AXA – Schengen Low Cost
- Price – € 5 for short-term stays
- Coverage – Medical expenses up to € 30,000 with no deductible and repatriation included
- Features – Policy refund in case of visa denial with no age restrictions. Widely accepted by all Schengen embassies or consulates worldwide
- Ideal for – Foreign Travelers looking for reliable and straightforward coverage insurance options.
4. DOM Schengen Visitor Insurance
- Price – € 1.6 per day per applicant
- Coverage – Medical expenses up to € 500,000, including repatriation.
- Features – Visa guarantee with a premium refund in case of visa denials, with options available for senior travelers beyond 70 years.
- Ideal for – Travelers who are looking for complete coverage at an affordable rate, including visa refusal protection.
5. Atlas International – WorldTrips
- Price – € 8 per applicant (approximately USD 9)
- Coverage – Up to € 50,000 in medical expenses with zero deductibles.
- Ideal for – Budget-conscious travelers seeking holistic coverage with no deductibles.
6. Provisit Visum by DR-WALTER
- Price – € 1.10 per day per applicant
- Coverage – Valid for stays up to 180 days with no deductibles.
- Ideal for – Long-term stay travelers visiting multiple Schengen member countries.
Selecting the Cheapest Travel Insurance for Schengen Visas
Make an informed choice when selecting the cheapest travel insurance for a Schengen visa from Dubai by considering the following:
- Price vs. Coverage – Lower-priced insurance plans are often clubbed with higher deductibles or limited coverages. If you know your risk tolerance, then you will always be able to balance it with the cost to find the perfect match.
- Visa Refusal Refund Policy – Opt for service providers that offer you an instant refund if your visa is denied.
- Compliance – The policy should provide a minimum of € 30,000 in medical coverage and meet repatriation requirements.
- Coverage Duration – Always select a plan that covers your entire trip duration. Many insurance plans offer coverage for 180 days or beyond.
- Availability of Certificates for Download – Select an insurance provider offering instant download of all certificates to speed up your visa application process.
- Reputation and Acceptance of the Insurance Provider– Utilize reliable and renowned insurance providers that are accepted by Schengen embassies or visa consulates worldwide to minimize unforeseen delays and other issues.
- Additional Benefits – Always consider insurance plans that cover COVID-19 costs, lost documentation, trip interruptions, and other relevant benefits that match your travel needs, taking into account your profile and preferences.
Essential Tips while Selecting Travel Insurance for Schengen Visa
The essential tips below will help when purchasing a Schengen travel insurance.
- Compare Multiple Quotes – Each service provider offers several plans with unique features. Compare different plans to finalize the best plan, considering prices, features, deductibles, and coverage benefits.
- Book Early – Purchase your travel insurance in advance. You can be offered better rates and heavy discounts.
- Using Promo Codes – Several insurance companies offer promo codes for getting instant discounts during the purchase.
- Checking for Group Plans – opt for group plans if you’re traveling with your family or friends, as you’ll receive a good discount.
- Avoid Over-Insurance – Pay for only the coverage and features syncing with your travel plans. Avoid opting for extra protection or dummy features, as they are unlikely to be used.
- Read the Fine Print – Before purchasing your insurance plan, read the policy details to gain a clear understanding of the policy exclusions, claim process, and deductibles.
Conclusion –
Never compromise on mandatory coverage requirements when opting for the most affordable Schengen insurance plans. Medical emergencies and unplanned expenses do not come with an invitation. They can genuinely hamper your holiday plans if you do not have adequate or the right coverage. There are several options to choose from, including Mutuaide Basic Lite, AXA Schengen Low Cost, and OOM Schengen Visitor Insurance, which offer cost-effective insurance plans for as low as € 1.10 to € 5 per day per person and are compliant with the Schengen visa guidelines. These insurance plans offer essential medical coverage, repatriation costs, and additional benefits, including visa refusal refunds and zero deductibles.
Additionally, always select a reliable insurance provider that is widely accepted by Schengen embassies or visa consulates worldwide. Always verify the coverage details and download your insurance certificate once you receive them from the insurance company to avoid any delay in Schengen visa processing. Always plan to gain a detailed understanding of your travel needs to secure the cheapest travel insurance for your Schengen visa. This will protect your health and your visa application for enjoying your European holiday without any hassles.