Our guide on the top Saving Tips For Iceland for your next trip.
Iceland is a stunning destination known for its dramatic landscapes, including geysers, waterfalls, glaciers, and volcanic terrain. However, it is also one of the most expensive countries to visit. Here are some top money-saving tips to help you enjoy your Icelandic adventure without overspending.
By following these money-saving tips, you can enjoy all that Iceland has to offer without overspending. Plan ahead, explore like a local, and take advantage of the numerous affordable options available to make the most of your Icelandic adventure. Góða ferð! (Safe travels!)
Read here 9 Day Iceland Itinerary, how to get from Reykjavik Airport to Blue Lagoon, what to wear in Iceland, most Instagrammable places in Iceland and how to get from Reykjavik airport to city center
Money Saving Tips For Iceland
1. Travel Off-Season
What to Know:
Peak Season: Summer (June to August) is the busiest and most expensive time to visit Iceland.
Off-Season Benefits: Consider visiting during the shoulder seasons (April to May and September to October) for lower prices and fewer tourists.
Benefits:
Lower Prices: Enjoy cheaper flights, accommodation, and car rentals.
Fewer Crowds: Experience popular sites with fewer people around.
2. Book in Advance
What to Know:
Early Bird Deals: Booking flights, car rentals, and accommodations in advance can often secure lower prices.
Popular Activities: Popular tours and activities like the Blue Lagoon, glacier hikes, and northern lights tours can sell out quickly and may be more expensive last minute.
Benefits:
Lower Prices: Take advantage of early bird discounts and promotions.
Guaranteed Access: Ensure availability for popular attractions and activities.
Click here to book online Keflavik Airport Transfer and Golden Circle Day Tour
3. Use Public Transportation or Carpool
What to Know:
Car Rentals: While renting a car can be convenient, it can also be expensive, especially for solo travelers or small groups.
Public Transport and Carpooling: Consider using public buses for longer journeys or carpooling services like Samferda.
Benefits:
Cost-Effective: Save on car rental and fuel costs.
Social Experience: Meet fellow travelers and share the cost of transportation.
4. Stay in Budget Accommodations
What to Know:
Hostels and Guesthouses: Consider staying in hostels, guesthouses, or budget hotels.
Camping: If you’re visiting in the summer, camping is an affordable and scenic option.
Benefits:
Affordable Options: Lower accommodation costs allow you to spend more on experiences.
Local Experience: Budget accommodations often provide a more local and authentic experience.
CLICK HERE TO BOOK YOUR ACCOMMODATION
5. Cook Your Own Meals
What to Know:
Grocery Stores: Shopping at grocery stores like Bonus, Kronan, and Netto can help you save money on food.
Accommodations with Kitchens: Look for accommodations with kitchen facilities so you can prepare your own meals.
Benefits:
Lower Food Costs: Save money by cooking your own meals instead of dining out.
Healthy Choices: Have more control over your food choices and dietary needs.
Read here Icelandic food, Iceland drinks, vegetarian food in Iceland and best breakfast in Iceland
6. Take Advantage of Free Activities
What to Know:
Natural Attractions: Many of Iceland’s natural attractions, such as waterfalls, hiking trails, and geothermal areas, are free to visit.
City Walks: Explore cities like Reykjavik on foot and visit free attractions like Hallgrimskirkja Church and the Harpa Concert Hall.
Benefits:
Cost Savings: Enjoy the natural beauty of Iceland without spending money on entrance fees.
Local Culture: Experience local culture and architecture for free.
7. Use Discount Cards
What to Know:
City Cards: Consider purchasing city cards like the Reykjavik City Card, which offers free entry to museums, thermal pools, and public transportation.
Tour Packages: Look for tour packages that bundle several activities together at a discounted rate.
Benefits:
Bundled Savings: Save money by bundling attractions and transportation costs.
Convenience: Enjoy the ease of having one pass for multiple services.
8. Pack Smart
What to Know:
Weather-Appropriate Clothing: Bring layers, waterproof gear, and sturdy shoes to be prepared for Iceland’s unpredictable weather.
Essential Items: Pack essentials like snacks, a reusable water bottle, and travel-size toiletries to avoid buying expensive items on the go.
Benefits:
Avoid Extra Costs: Save money by not having to buy expensive clothing or essentials in Iceland.
Comfort: Stay comfortable and prepared for all weather conditions.
9. Opt for Self-Guided Tours
What to Know:
Self-Driving: If you rent a car, consider self-driving tours to popular attractions like the Golden Circle, South Coast, and Snæfellsnes Peninsula.
Apps and Maps: Use travel apps and maps for self-guided walking tours in cities and natural areas.
Benefits:
Flexibility: Enjoy the freedom to explore at your own pace.
Cost-Effective: Save money on guided tour fees.
10. Avoid Currency Exchange Fees
What to Know:
Credit Cards: Credit cards are widely accepted in Iceland, and using them can help you avoid currency exchange fees.
ATM Withdrawals: If you need cash, use ATMs to withdraw Icelandic Krona (ISK) directly.
Benefits:
Lower Fees: Save on currency exchange and transaction fees.
Convenience: Avoid carrying large amounts of cash.
About the Author: Ruben, co-founder of Gamintraveler.com since 2014, is a seasoned traveler from Spain who has explored over 100 countries since 2009. Known for his extensive travel adventures across South America, Europe, the US, Australia, New Zealand, Asia, and Africa, Ruben combines his passion for adventurous yet sustainable living with his love for cycling, highlighted by his remarkable 5-month bicycle journey from Spain to Norway. He currently resides in Spain, where he continues sharing his travel experiences with his partner, Rachel, and their son, Han.