By Vicky Anscombe on 16 March 2015

Do you know the real cost of having no insurance?

As British nationals look to bag a European bargain break this year due to favourable exchange rates, the Foreign and Commonwealth Office is urging holidaymakers to be better prepared for trips abroad.

Travelling abroad uninsured can cost thousands of pounds if a trip goes wrong, ranging from £500 to treat a sprained ankle in a popular holiday resort from up to to £25,000 for an air ambulance in southern Spain.

The figures below will put everything into perspective, just in case you were thinking of going without travel insurance.

Treating a sprained ankle in Corfu: £500. What you could have spent the money on: A designer handbag.

Getting stitches in Tenerife: £500. What you could have spent the money on: A yearly gym membership.

An MRI scan in Ibiza: £1,000. What you could have spent the money on: A new laptop.

Emergency surgery for a broken leg in Spain: Approx. £6,145. What you could have spent the money on: A new car.

An air ambulance in southern Spain: Approx. £25,000. What you could have spent the money on: A deposit for a house.

Oh, by the way - don't bank on your EHIC card. A European Health Insurance Card only provides access to state medical care in the European Economic Area and does not cover other costs, such as bringing injured people back to the UK.

Travellers should also remember that the level of free public healthcare can vary between countries, so British nationals may not have access to the same specialist treatment that they would at home.

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