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Best Travel Insurance for Europe 2024

As post-pandemic “revenge travel” sparks a boom in tourism since the end of 2022, the demand for travel is rapidly rising and we may not be expecting any lull periods soon. According to the European Travel Commission, European destinations are picking up fast, with almost one in two nations having recovered more than 80% of their pre-pandemic foreign tourists arrivals, with southern Mediterranean spots taking the lead. If you’re dreaming of spectacular vineyards, castles and monuments of rich heritage, or breathtaking sceneries of nature, Europe beckons countless adventures to over 40 alluring and enchanting countries. But before you go wanderlusting, do remember to get all your travel essentials ready and compare COVID-19 travel insurance coverage before boarding your flight!

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Travel Requirements To Enter Europe

Ever since Europe reopened its borders and welcome tourists in 2022, most COVID-19 travel restrictions have been removed and most travellers visiting European countries no longer have to abide by a long list of regulations that include certified COVID-19 vaccination, the purchase of travel insurance with COVID-19 coverage.

Travel insurance

Healthcare expenses in the EU can get expensive for foreigners travelling there, as overseas medical expenses are usually not subsidised by the government for travellers from outside the EU and Schengen Area.

VISA or ETIAS authorisation application

ETIAS authorisation online, unless you’re from one of the countries which require a VISA application. Currently, there are 30 European countries that require ETIAS for travellers from countries on a visa-free agreement with Europe.

As ETIAS is a new travel requirement introduced by the European Commission, here are some important things to note when you’re eligible to apply for one:

  • You’ll need a passport valid for more than 3 months, an email address which is needed to fill up an online form
  • There will be a fee of EUR 7 that is payable when you do the ETIAS authorisation application
  • You’ll be able to stay in any of the 30 European countries for 90 days in any 180-day period with an ETIAS
  • Your ETIAS has a validity for three years or until the passport you used in the application expires, whichever comes first
  • You can use your ETIAS for multiple entries
  • The ETIAS application system is not yet operational and no applications are collected at this point. It will only be launched sometime in 2024, thus the exact timeline of the launch of ETIAS will be announced by the European Commission.
  • Currently, you’ll have to apply for a VISA as a traveller visiting Europe if you’re not from a country with a visa-free agreement with that particular European country you’re visiting. Please refer to the respective travel authority websites for each European country you’ll be visiting, such as the Swiss Confederation, Migrationsverket, Embassy of Belgium, just to name a few.

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Top 10 Things To Do In Europe

Go on a historical adventure in Rome

Visit ancient marvels including the Colosseum where gladiators once battled, the Vatican City which was home to St. Peter's Basilica and the Sistine Chapel, boasting exquisite art and religious significance, offering a profound historical journey through time.

Explore art in Paris

The Louvre showcases masterpieces like the Mona Lisa, while Musée d'Orsay boasts Impressionist treasures, while Centre Pompidou's modern art and Picasso Museum's collection are must-sees. Don’t miss the vibrant street art in Belleville and Montmartre's bohemian charm which are inspired by local and contemporary works.

Enjoy snow sports in the Swiss Alps

Head to renowned areas like Zermatt and Verbier for some exciting snowboarding, ice climbing, and snowshoeing activities and try challenging slopes. Relax with some après-ski activities such as dancing, live music, or dipping in hot tubs at luxury resorts, and cosy chalets which can complement your snow sports experience.

Immerse in Barcelona’s culture

Admire Gaudi's architectural marvels like Park Güell and Casa Batlló and take in the vibrant atmosphere at La Rambla, Gothic Quarter's history, and the lively markets, while savouring the essence of Catalonia's rich heritage and modern flair.

Cruise into the Mediterranean

Embark on a journey via cruises or yachts that include mesmerising vistas of the azure seas, onshore trips to historic sites and villages, as well as iconic landmarks like thenAthens' Acropolis, Rome's Colosseum, and the Amalfi Coast. Santorini's stunning sunsets, tantalising local delicacies in Sicily, the medieval streets of Dubrovnik are not to be missed as well.

Join Berlin’s nightlife

Berlin's nightlife pulses with energy in its eclectic clubs and bars. Amidst historical sites like the Berlin Wall and Checkpoint Charlie, delve into the city's diverse cultural scene, from street art to innovative galleries. The city's vibrant spirit fuses its past with an avant-garde present, creating an unparalleled party experience.

Savour Tuscany’s cuisine

Tuscany's culinary journey entwines with rolling vineyards and olive groves. If you also love wine, the wine tours there will be something to look out for besides the local markets, where fresh produce and regional delicacies reign supreme. Indulge in traditional Italian fare ranging from hearty pastas to succulent meats.

Marvel at Northern Lights or hike in Norway

Norway presents spectacular natural wonders like the Geiranger fjords, the majestic landscapes of Trolltunga which are great for hiking, and the Northern Lights in Tromsø. If you’re not into indoor activities like those at the Viking Ship Museum, there are a variety of outdoor activities available like skiing, dog sledding, and discovering charming towns like Bergen.

Go on a Swedish escapade

Another place to spot the Northern Lights would be the Abisko National Park in Sweden. Besides that, Sweden is known for Stockholm's historic Gamla Stan and modern Djurgården, Gothenburg's Liseberg and canals, the Icehotel in Jukkasjärvi, Drottningholm Palace, Kiruna's Ice Festival, and of course Swedish cuisine such as their famous meatballs and fika.

Discover the city that lies on two continents

If you have not visited Istanbul, which is the largest city in Turkey and the fifth-largest city in the world by population, you’ll be awed by how this city is considered European with Eastern influences. Must-visit spots include Hagia Sophia, the Blue Mosque, the bustling Grand Bazaar, the Bosphorus with its panoramic views, the Topkapi Palace and the Basilica Cistern.

Best Travel Insurance For Travelling To Europe

MoneySmart Exclusive
Win up to $55,000 | Best value plan
MoneySmart Exclusive
Win up to $55,000 | Best value plan

Bubblegum Travel Insurance

Med. Coverage (Overseas)
S$150,000
Trip Cancellation
S$5,000
Loss/Damage of Personal Baggage
S$3,000
Total Premium
Total PremiumS$30.3210% Off
S$27.29

[Receive your cash as fast as 30 days*]
 
 Enjoy 10% off your policy premium and 2,400 My Millennium Points (worth S$16) with every policy purchased.
 Additionally, receive up to S$25 via PayNow with eligible premiums spent. T&Cs apply.

Valid until 30 Apr 2024
MoneySmart Exclusive
Add-on Covid-19 Coverage | Low Premiums
MoneySmart Exclusive
Add-on Covid-19 Coverage | Low Premiums

FWD Business

Med. Coverage (Overseas)
S$500,000
Trip Cancellation
S$10,000
Loss/Damage of Baggage
S$5,000
Total Premium
Total PremiumS$29.0735% Off
S$18.90

[Win a Rolex, Dream Vacation & More! | MoneySmart Exclusive]
  
• Enjoy up to 35% off your policy premium and 2,400 My Millennium Points (worth S$16) with every policy purchased. T&Cs apply.
  
BONUS: For a limited time only, stand a chance to score over S$10,000 worth of prizes in our Grand Draw.
Rolex Oyster Perpetual - 124200 34mm Silver (worth S$9,000)
All Expenses Paid Trip
2D1N Staycation at any Millennium Hotels and Resorts and 15,000 My Millennium Points (worth up to S$550)
  
Increase your chances of winning when you refer friends today.
T&Cs apply.

Valid until 24 Apr 2024
MoneySmart Exclusive
Add-on Covid-19 coverage
MoneySmart Exclusive
Add-on Covid-19 coverage

Tiq Savvy

Med. Coverage (Overseas)
S$500,000
Travel Cancelation
S$5,000
Loss/Damage of Baggage
S$2,000
Total Premium
Total PremiumS$3440% Off
S$20.40

[MoneySmart Exclusive]
  
• Enjoy 40% off your Single Trip policy premium and 60% off Covid-19 add-on for Annual Plans. T&Cs apply
• Additionally, receive 2,400 My Millennium Points (worth S$16) with every policy purchased. T&Cs apply.
  
[Etiqa's 10th Year 2024 Grand Draw]
Stand a chance to win S$10,000 cash or a Singapore Mint Lunar Dragon 1 gram 999.9 fine gold medallion (worth S$173) with eligible Etiqa/Tiq by Etiqa plans purchased. T&Cs apply.

Valid until 30 Apr 2024
MoneySmart Exclusive
Win up to $55,000 | FLASH DEAL
MoneySmart Exclusive
Win up to $55,000 | FLASH DEAL

Starr TraveLead Comprehensive Bronze

Med. Coverage (Overseas)
S$200,000
Trip Cancellation
S$5,000
Loss/Damage of Baggage
S$3,000
S$37.4450% Off
S$18.72

[Win a Rolex, Dream Vacation & More! | MoneySmart Exclusive]
 
• Enjoy 50% off your policy premium and 2,400 My Millennium Points (worth S$16) with every policy purchased.
• Additionally, receive up to S$50 via PayNow with eligible premiums spent. T&Cs apply.
 
BONUS: For a limited time only, stand a chance to score over S$10,000 worth of prizes in our Grand Draw.
Rolex Oyster Perpetual - 124200 34mm Silver (worth S$9,000)
All Expenses Paid Trip
2D1N Staycation at any Millennium Hotels and Resorts and 15,000 My Millennium Points (worth up to S$550)
 
Increase your chances of winning when you refer friends today.
T&Cs apply.

Valid until 24 Apr 2024
MoneySmart Exclusive
Best Medical Coverage
MoneySmart Exclusive
Best Medical Coverage

Allianz Travel Silver

Med. Coverage (Overseas)
S$500,000
Trip Cancellation
S$5,000
Loss/Damage of Baggage
S$3,000
Total Premium
Total PremiumS$4655% Off
S$20.70

[Receive your cash as fast as 30 days*]
 
 Enjoy an exclusive 55% off your policy premium and 2,400 My Millennium Points (worth S$16) with every policy purchased.
 Additionally, receive up to S$35 via PayNow with eligible premiums spent. T&Cs apply.

Valid until 30 Apr 2024
MoneySmart Exclusive
Win up to $55,000 | Most Comprehensive
MoneySmart Exclusive
Win up to $55,000 | Most Comprehensive

MSIG TravelEasy Standard

Med. Coverage (Overseas)
S$250,000
Trip Cancellation
S$5,000
Loss/Damage of Baggage
S$3,000
Total Premium
Total PremiumS$3840% Off
S$22.80

[Win a Rolex, Dream Vacation & More! | MoneySmart Exclusive]
 
• Enjoy up to 40% off your policy premium and 2,400 My Millennium Points (worth S$16) with every policy purchased.
• Additionally, receive up to S$45 via PayNow OR 1 x Apple AirTag (worth S$45.40) with eligible premiums spent. T&Cs apply.
 
BONUS: For a limited time only, stand a chance to score over S$10,000 worth of prizes in our Grand Draw.
Rolex Oyster Perpetual - 124200 34mm Silver (worth S$9,000)
All Expenses Paid Trip
2D1N Staycation at any Millennium Hotels and Resorts and 15,000 My Millennium Points (worth up to S$550)
 
Increase your chances of winning when you refer friends today.
T&Cs apply.

Valid until 24 Apr 2024
Includes Covid-19 cover
Includes Covid-19 cover

Singlife Travel Lite

Med. Coverage (Overseas)
S$250,000
Trip Cancellation
S$5,000
Loss/Damage of Baggage
S$3,000
Total Premium
final-price

Best Travel Insurance Benefits Coverage For Travelling To Europe

Best forTravel insurance providerEstimated premium rates
Overall good valueBubblegum travel insurance plansFrom $193
Budget travelFWD Premium planFrom $84
Flight diversion/cancellation/postponementSinglife Travel Plus and Prestige plansFrom $173 (Singlife Travel Lite is from $119)
Overseas medical coverageAllianz travel insurance plansFrom $199
Pre-existing conditionsMSIG TravelEasy Pre-Ex plansFrom $181
FamilyDirectAsia travel insurance plansFrom $97
ElderlyTiq Pre-Ex travel insurance plans by Etiqa From $230
Travelling while pregnantMSIG TravelEasy Pre-Ex plansFrom $181
Extreme sportsStarr TraveLead Comprehensive plansFrom $81
Annual multi-tripThe Wise Traveller Secure and Premium plansFrom $350
*Estimated premium rates are based on a 14-day single trip plan to Europe, data last updated in November 2023.

What Is The Average Cost Of A Travel Insurance For Europe?

Travel insurance provider/planMedical expensesPersonal accidentOverseas hospital allowanceTrip cancellationEstimated total premium*
BubblegumUp to $150,000Up to $10,000Up to $3,000Up to $5,000$193
SinglifeUp to $250,000Up to $10,000Up to $3,000Up to $5,000$119
AllianzUp to $250,000N.A.Up to $1,500Up to $5,000$199
StarrUp to $200,000Up to $15,000Up to $3,000Up to $5,000$81
DirectAsiaUp to $150,000Up to $5,000Up to $1,000Up to $3,000$97
FWDUp to $200,000Up to $6,000Up to $3,000Up to $7,500$84
*Estimated premium rates are based on a 14-day single trip plan to Europe in July November 2023.

When comparing the key features and price points of MoneySmart’s round-up of the best 5 travel insurance plans with flight cancellation coverage, we can easily spot the differences and similarities. The average cost of a travel insurance plan for a 14-day single trip plan to Europe is about $129, assuming that we consider the most basic plan offered by each travel insurance provider.


Estimated average cost of a travel insurance plan:

$193 + $119 + $199 + $81 + $97 + $84 = $773

$773 ÷ 6 = $128.83


Those offering lower premiums would be Starr and FWD, which makes them more affordable for most travellers looking for wallet-friendly and more hassle-free travel insurance options. When it comes to flight cancellation benefits, FWD provides higher coverage of up to $7,500, which comes in handy in the situation you’re diagnosed with a virus like COVID-19 during a pandemic outbreak.


However, how much you can claim for flight cancellation really depends on when you submit your trip cancellation request and the departure date of your trip. Most travel insurance companies will accept your claim if your request and the valid reason for cancellation is submitted within 30 days of your departure.


For more extensive coverage for medical expenses in the event that you or your travel companion meet with any medical-related mishaps during the trip, Singlife’s Prestige plan will be really useful with the highest coverage of an unlimited claim limit.

Frequently Asked Questions

What is the fastest way to get travel insurance coverage for my Europe trip?

The quickest way to get travel insurance is through your preferred travel insurance mobile app. Other ways include purchasing your travel insurance via an airline or travel insurance company’s website or by contacting your insurance agent. If you prefer to do it yourself via a comparison platform like MoneySmart, you’ll be able to do a quick comparison of the best rates available for you.

Do I need a visa to enter Europe?

Yes and no, it depends on what nationality and passport you hold. Currently, you’ll have to apply for a VISA as a traveller visiting Europe if you’re not from a country with a visa-free agreement with that particular European country you’re visiting. Please refer to the respective travel authority websites for each European country you’ll be visiting. From 2024 onwards, for travellers coming from a visa-free country, you’ll need to apply for an ETIAS authorisation online, unless you’re from one of the countries which require a VISA application.

What is an ETIAS?

ETIAS is a new travel requirement introduced by the European Commission which will officially launch in 2024. It is only valid for applications for travellers coming from a country that has a visa-free agreement with Europe. With effect from 2024, there will be about 30 European countries that require ETIAS for travellers from countries on a visa-free agreement with Europe.

My trip is cancelled after I have purchased my travel insurance. Will I be able to get a refund?

Yes and no, this depends on when you submit your trip cancellation request and the departure date of your trip. Most travel insurance companies will accept your claim if your request and the valid reason for cancellation is submitted within 30 days of your departure.