How much should I budget for travel insurance for Europe? Getting wildly different quotes!

Planning my first Europe trip (2 weeks, covering Germany, France, Italy) and I’m getting quotes that range from ₹1,500 to ₹8,000 for travel insurance. WTW is this crazy variation?!

I’m 29, healthy, no pre-existing conditions. Need it for Schengen visa anyway, so might as well get decent coverage. But I have no idea what’s reasonable vs getting ripped off.
What did you guys actually pay for Europe travel insurance? And more importantly - what coverage amount is actually realistic? I don’t want to be under-insured, but also don’t want to pay for stuff I’ll never use.

Just got back from my 3-week Europe trip last month! Here’s the realistic breakdown on travel insurance costs:


Pro tip: Read the fine print on “trip cancellation” - most policies only cover specific reasons, not general cold feet! :sweat_smile: