Remaining as Luongo's backup for the start of the 2011–12 season, Schneider's playing time was expanded when Luongo suffered an injury in mid-November 2011. Despite Luongo's return to the lineup after missing two games, Schneider continued to earn starts due to his performance. On November 28, he was named the NHL's Second Star of the Week after recording three wins in as many contests, a span that included back-to-back shutouts (on November 23 against the Colorado Avalanche and November 25 against the Phoenix Coyotes). Schneider finished his second full NHL season with improved numbers. Of the 33 games he played, he started 28 and compiled 20 wins and 9 losses. His 1.96 GAA and .937 save percentage over 33 games ranked third and second in the NHL, respectively, while also setting Canucks team records. His GAA topped the 2.11 mark Luongo had set in 2010–11, while his save percentage bettered the .929 he had achieved, also in the previous season. The latter team record also ranked as the fourth-best ever recorded in the NHL.