The purpose of this study was to examine the dual mediating effects of self-compassion and gratitude between perceived stress and insomnia in college students. For this study, 330 undergraduate students from Gyeongsang-do and Jeolla-do were surveyed about perceived stress, insomnia severity, self compassion, and gratitude. Regression, SPSS Macros, and bootstrapping methods were applied to verify the dual mediation effects. The results of this study were as follows. First, the positive effect of the perceived stress on the insomnia was observed to be significant. Second, self-compassion partially mediated the relationship between perceived stress and insomnia. Third, gratitude partially mediated the relationship between perceived stress and insomnia. Lastly, the perceived stress indirectly influenced insomnia through the dual mediation effect of self-compassion and gratitude. Focusing on these results, we discussed that stress management is important to prevent and alliviate insomnia of undergraduates and that intervention to promote self compassion and gratitude is needed.