In this post/podcast episode, I’m sharing some common expensive mistakes that many travelers in Iceland make unknowingly. If you’ve already planned a trip here, then you’re well aware that traveling to and around Iceland can quickly drain money from your bank account.While it’s true that the country is quite expensive, your experience doesn’t have to break the bank. In a future episode, I plan to share a trip budget breakdown, so make sure you are subscribed so you don’t miss out on that.All of these will definitely save you money, #3 includes an innovative way to save money that many tourists will find handy.
5 Expensive Mistakes Tourists Make in Iceland
1. Not Buying Alcohol Before Leaving Keflavík International Airport

Before you even leave Keflavík airport, it‘s highly recommended that you stock up on alcohol at duty free. Of course, this only applies to those that drink. The reason for this is that alcohol in Iceland is heavily taxed. The higher the alcohol percentage content, the higher the tax.Prices in duty free for alcohol (i.e. beer, wine, and spirits) can be upwards of 30% less expensive than in the state owned stores. Please note that vínbúðins or the state-owned alcohol stores are the only places where you can buy spirits. A law passed this year allows for breweries in Iceland to finally sell directly to customers.Yes, you can for sure buy individual drinks at bars but just know that those will be expensive too. One way to decrease the cost is to catch a happy hour. I’m putting together my favorite happy hour places and will definitely be sharing those in the near future.
2. Taking a Taxi From the Airport

The next expensive mistake is taking a taxi from the airport. Most visitors are not aware that Uber, Lyft or any type of ride sharing program legally exist in Iceland. The taxis have a monopoly, and a ride can be costly. Because the airport is about a 40 – 45 minute drive from Reykjavík will be a little over $123.That is the price for up to 4 people. If you split it among 4 people, the price is not that bad. However, if there is only one or two people, the price is just ridiculously high. Alternatively, you can take a bus transfer from the airport, like Flybus for around $23 a person.
3. Not Being Properly Dressed for Icelandic Weather

Not being properly dressed for Icelandic weather can result in you feeling cold, wet, and all around miserable. This can literally put a damper on your vacation. While many people think they have packed well enough, it’s common for a decent amount to still feel cold when they are here. This might lead a person to shell out hundreds of dollars to buy a warmer coat or parka in Iceland.The good news is that I have a little hack for you if you ever find yourself in Iceland and you need extra layers, but you don’t want to spend a bunch of money on clothes. I partnered with IcelandCover for this episode because their business is based around an ingenious idea.They are a company that rents out warm, waterproof, and windproof parkas, boots, and pants. I personally tested out the parka and boots by going behind waterfalls that would typically soak through a regular coat. I stomped in puddles with the boots, and I even went northern lights hunting with the parka. It's a bonus to add that the clothes and boots are vegan-friendly.It was important to make sure the clothes could adequately protect me from the wind, rain, and chilly air. I’m happy to say that the boots and coat held up well.

Where to Find IcelandCover in Reykjavík
IcelandCover conveniently has a location in the center of downtown Reykjavík on the famous shopping street Laugavegur. They share the same building as the WhatsOn Information center. So, you can get your clothing rentals and get additional information regarding fun things to do.Their rentals are very affordable.