English in Malta, by the English in Malta, for the English in Malta

Insurances in Malta

If you plan to live in Malta, it is highly advisable to take out an insurance policy locally to deal with the risks of everyday life. To cover health, travel, car or even boat, there are many options at varying prices depending on the insurer. What are the different insurers in Malta, their policies, and their premiums? Find the essentials here.


Many insurers are present on the island, and each offers a variety of contracts that can meet all your requirements.

You can usually compare prices with online quotes, directly available on their websites.

Main insurers in Malta

Gasan Mamo



Elmo Insurance

Bonnici Insurance

Citadel PLC

Laferla Insurance

Bupa  (health only)

Home Insurance

It is not necessary to take out home insurance in Malta as a tenant. It is the landlord’s responsibility to take care of insurance against any damage.

On the other hand, should you wish to purchase an apartment, we strongly recommend you take out insurance.

Note that some tenants still purchase home insurance to protect themselves against everyday risks.

Home insurance rates

The price of your insurance will depend on several parameters:

  1. The value of the building
  2. The value of the goods
  3. The presence or absence of an alarm system
  4. The number of people in the house
  5. Any other contracts held by the insurer

In general, you can expect to pay between €120 and €300+ per year depending on the above criteria.

Vehicle insurance

Insuring your vehicle is mandatory if you own one.


The price of your vehicle insurance will depend on several criteria:

  1. The make and model of the vehicle
  2. The date of first registration
  3. The value of your vehicle
  4. Your age
  5. Your claims history
  6. The level of coverage
  7. Any contracts you have with the insurer

For an entry-level or mid-range vehicle, you can expect to pay between €300 and €400 per year. For older vehicles, fully comprehensive insurance may not be offered depending on the first registration date.

If you plan to purchase a high-end vehicle, fully comprehensive insurance can cost over €1,300 per year, depending on the insurers.


There are several types of vehicle insurance in Malta, depending on the protection you need.

The most basic is third-Party Insurance. It only covers damage you have caused to third parties (people or cars).

Then comes the third-party insurance with theft protection, which includes compensation in the event of theft or fire damage to your vehicle.

Then there is the fully comprehensive insurance. Depending on the policy, additional options may be added.

Your insurance will be calculated according to your age, your driving license  and your claims history.

Boat insurance

Most insurance companies in Malta offer a wide range of boat insurance.

The type of boat covered

All boats can be covered – sailboats, yachts, or speed boats, you name it.

Boat insurance coverage

  • Theft
  • Weather damage
  • Sinking
  • Collision
  • Explosion
  • Cargo accident
  • Vandalism


Price will change depending on several criteria:

  1. Type of boat
  2. Date of manufacture
  3. Maximum speed and power
  4. Size
  5. Value of the vessel

As with other types of insurance, several options are available, with varying degrees of coverage. It will cost you between €80 and €200+ a year to ensure your boat (excluding luxury boats).

Health insurance

If you are employed in Malta, you will benefit from Maltese social security, which entitles you to treatment in public hospitals and reimbursement of your health expenses.

In addition, you can opt for private health insurance, which will allow you to be treated in private hospitals and also to be reimbursed for certain care in clinics and specialized practices.

The different types of health insurance

It should be noted that, in Malta, insurers differentiate the type of insurance according to the situation of each patient: hospitalization, outpatient care or general consultation. You should be familiar with the terms below in order to make the best choice.

Your situation

  • In-patient Treatment – classic hospitalization

“In-patient” refers to all patients hospitalized for one or more nights.

  • Day-Patient Treatment – Day Care

Day Care patients are patients who do not need to be hospitalized, but still require care from a hospital. This is referred to as out-patient care.

  • Out-patient Treatment, or consultation

“Out-patients” are patients in consultation only, who do not need hospitalization or out-patient care.

Insurance types

A range of health insurance is available in Malta, depending on your desired coverage. These can be adjusted to your needs, whether they involve hospitalization only, day care and/or consultations.

  • Standard insurance

This is the most affordable type. It usually includes lump sum reimbursements based on the care required.

  • Premium insurance

This is a mid-range insurance. It can include full reimbursement for treatment in Malta, and a lump sum reimbursement for treatment abroad.

  • International insurance

This is the most comprehensive insurance. It allows you to be refunded in Malta as well as abroad.

Please note: For all applications for residence in Malta with self-sufficient status, international insurance will be required.

In addition to the international insurance provided by insurers in Malta, you can subscribe to April International, which covers you for your health expenses and is recognized abroad.


Rates range between €160 to €250 per year for the entry level, €250 to €450 for the premium and over €800 for the international.

Travel insurance

Want to be fully covered while travelling? Insurance companies in Malta also offer travel insurance that covers your personal belongings, the services booked, and also personal injury in the event of an accident.

The benefits

Depending on the insurance purchased, the following risks may be covered:

  • Loss or theft of baggage
  • Missed/delayed aircraft
  • Loss or theft of identity papers
  • Liability insurance
  • Repatriation
  • Cancellation of your trip
  • Weather, natural disaster


Of course, rates will depend on the coverage you need, as well as the destination and duration of your trip.

Typically, three price ranges are offered: Basic, Standard and Premium. The guarantees and the amounts covered are much better with the premium than with the basic.

For entry and mid-range insurance, for a week-long trip, the cost will be around 30 euros for the basic and 40 euros for the premium.

If you are travelling to the United States or Canada, the price is higher: Roughly 60 euros for a 2-week trip for entry or mid-range, and more than 80 euros for premium.

Liability insurance

Liability insurance is included in all private insurances purchased: Health, real estate, vehicle, boat, etc.

Overview of Insurances

We advise you to take out all your insurance policies with the same insurer to benefit from attractive discounts. Take a good look at your needs in terms of guarantees and coverages, your annual travels, and your general health. Do not hesitate to book an appointment with an advisor to clarify your needs and get more information about the different offers available.

Get in touch with us to receive the best offers in Malta!

Help and advice websites

You can visit the MFSA website (Maltese Financial Services Authority), which answers many questions concerning insurance in Malta.

Also, MaltaInsurance.org is a non-profit organization designed to educate and assist insurers in matters of finance, insurance, damage and fraud. It is also useful for individuals in providing information on individual rights and responsibilities.


Find an Insurance in Malta

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