Introduction
Planning a trip to Europe? Before you pack your bags, one essential requirement for your Schengen visa is travel insurance. Many travelers worry that insurance will be expensive—but the truth is, there are plenty of cheap travel insurance options that meet all Schengen requirements while saving you money.
In this guide, we’ll cover what Schengen visa insurance is, the requirements, how to find affordable plans, and the best companies to buy from.
What Is Schengen Visa Travel Insurance?
Schengen travel insurance is a mandatory policy required for travelers visiting any of the 27 Schengen countries. It protects you against unexpected expenses like:
- Medical emergencies or hospitalization
- Trip cancellations or delays
- Lost baggage or travel documents
It must meet specific visa requirements before your visa is approved.
Schengen Visa Travel Insurance Requirements
Before you buy, make sure your policy meets these Schengen requirements:
- Minimum coverage: €30,000 (around $32,000 USD)
- Valid in all 27 Schengen countries
- Covers the entire duration of your stay
- Covers emergency medical and repatriation costs
How to Find Cheap Schengen Visa Travel Insurance
1. Compare Multiple Providers
Use comparison websites like InsureMyTrip, VisitorsCoverage, or AXA Schengen to find affordable options.
2. Buy Online
Buying directly from insurers online often gives discounts and avoids agent fees.
3. Choose Only Required Coverage
Avoid extra add-ons (like adventure sports or luxury coverage) if you don’t need them.
4. Check for Embassy-Approved Plans
Always pick insurance approved by Schengen embassies to avoid visa rejection.
Top 5 Cheap Travel Insurance Providers for Schengen Visa (2025)
| Insurance Company | Minimum Cost (USD) | Coverage | Highlights |
|---|---|---|---|
| AXA Schengen | From $22 | €30,000 | Widely accepted by embassies |
| Allianz Global Assistance | From $28 | €30,000+ | Reliable and fast claim process |
| Europ Assistance | From $25 | €30,000 | 24/7 global support |
| MondialCare | From $20 | €30,000 | Cheap and meets all Schengen rules |
| Mutuaide Assistance | From $18 | €30,000 | Simple online purchase |
Documents You’ll Receive After Purchase
Once you buy your travel insurance, you’ll receive:
- Insurance certificate (PDF format)
- Policy details and coverage period
- Emergency contact numbers
This document is what you’ll attach to your Schengen visa application.
Benefits of Cheap Schengen Visa Insurance
✅ Affordable and embassy-approved
✅ Covers emergencies and repatriation
✅ Provides peace of mind during travel
✅ Quick to buy online and easy to print
Frequently Asked Questions (FAQs)
1. Is travel insurance mandatory for Schengen visa?
Yes. You can’t get a Schengen visa without valid travel insurance covering at least €30,000.
2. How long should my travel insurance be valid for?
Your policy should cover your entire stay in the Schengen area plus a few extra days (recommended).
3. Can I buy Schengen visa insurance online?
Absolutely! Most insurers allow you to purchase and download your certificate instantly.
4. Which company offers the cheapest Schengen travel insurance?
AXA Schengen and MondialCare are among the most affordable and embassy-approved options.
5. Can I use my credit card insurance for Schengen visa?
Some credit cards offer travel insurance, but ensure it meets all Schengen requirements and is embassy-accepted.
Final Thoughts
Getting cheap travel insurance for your Schengen visa doesn’t mean compromising on quality. Choose a trusted, embassy-approved provider, and compare options before applying for your visa. With the right plan, you can travel across Europe with confidence and security—without breaking the bank.
