How much does funeral insurance cost and why is it important to take out?

Taking out funeral insurance is a decision many people consider to protect their loved ones and spare them from unnecessary financial and emotional burden.

But one of the most common questions is: how much does funeral insurance cost? The answer varies depending on several factors, and knowing these will help you make an informed decision.

Factors that influence the cost of funeral insurance

The price of funeral insurance can depend on aspects such as:

• The age of the insured person: the younger you are when you take out the policy, the lower the monthly or annual premium will be.

• The coverage chosen: included services, repatriation, travel assistance, legal or psychological support, etc., all affect the final cost.

• The payment method: some companies offer discounts for annual or advance payments.

• The duration of the policy and the possibility of including other family members.

How much does funeral insurance typically cost in Spain?

Generally speaking, the average cost of funeral insurance in Spain usually ranges between 50 and 300 euros a year, although this can vary depending on the company and the coverage selected. This cost is much lower than the expense of arranging a private funeral service, which can easily exceed 5,000 euros.
 

Financial benefits of taking out funeral insurance

• You avoid unexpected expenses that could destabilise your family at a difficult time.

• Premiums are usually fixed, allowing you to plan your expenses long-term with complete peace of mind.

• You get access to specialised professional services without additional costs or surprises.
   

Why funeral insurance is an investment in peace of mind

Beyond its affordable cost, taking out funeral insurance is a sign of responsibility and care for those you love most. It prevents your relatives from having to worry about paperwork, expenses, or complex decisions during a period of mourning. The experience of reputable companies, such as DKV, ensures comprehensive, prompt, and efficient service, handling all funeral arrangements and providing emotional and legal support throughout the process.

For more information on how much funeral insurance costs and how to choose the best option for you, check our funeral insurance.