in

6 Best Mobile Phone Insurance

best mobile phone insurance
6 Best Mobile Phone Insurance

Mobile phones have become part and parcel of our lives. Their usage is much more of a necessity in our present age and century.

More so, one inevitable thing about possessing a mobile phone is that they can get damaged— where there’ll be need for replacement or repairs. In other to prepare oneself for some of these expected damages, it is important to get an insurance cover which will make replacement or repairs more affordable for you.

For this reason, it is good to get an insurance cover for your cell phone so that in the event of theft, damage, or loss, you can be able to repair or replace it for a fraction of the market value by playing a deductible. Most phone insurance cost between $5 to $20. It’s better to get one and be safe than sorry later.

There are a lot of insurance companies out there that can be of help. However, it is important to carefully read the terms and conditions of each company before purchasing their plan. The best policies are cost-effective with low deductibles, making it easy to file a claim. Other factors that are worth consideration are bundling discounts, multi-device options, and customer reviews. What customers have to say about the varios existing plans is key in helping you choose the best plan.

In other to help things easier for you, we have curated below a list of the 6 best mobile phone insurance:

1. Asurion

This is the best overall of the list. This is because, Asurion has plans that are affordable and they also give comprehensive coverage with an easy claim process.

Pros
  • Works directly with several top wireless providers
  • Easy claims process
  • Robust coverage that includes loss
Cons
  • Higher deductibles for some devices
  • Doesn’t offer the lowest premiums on the market

Overview

Asurion Mobile phone Insurance covers mobile phone issues such as cracked screen repair, fixes for defects or failures, loss and theft protection, coverage for water damage, accessory coverage and unlimited battery replacement. Another good thing is, Asurion has a partnership deal with top cell phone providers such as Verizon, AT&T, USCellular, or Sprint. So if you are a customer of these cell phone providers, there are chances of you having a direct access to Asurion’s coverage.

Also, their coverage is very affordable, with easy claims process. From research, their customers are widely satisfied with their services. It will interest you to know that Asurion has over 650 uBreakFix by Asurion stores which are rebranded as Asurion Tech Repair & Solutions. They are available to help diagnose and fix all your problems.

As if that isn’t enough, Asurion gives you more convenience which makes it possible to schedule a home or office visit by their technician. With their so many repair options, it’s stress-free to find one that works best for you.

Plans & Pricing

There are variations in the purchasing options as it depends on your cell provider and device type. However, you can expect to typically pay $12-$15 a month for a single phone or device such as smartphones and watches. You can also pay around $45 for a multi-device plan that covers up to three devices.

Deductibles for a replacement phone also vary by device and can range from $9 to $249. Here’s one part which you may not love to hear — more expensive or newer phones carry larger deductibles. Screen repairs, which often don’t require a replacement phone, are more affordable, with deductibles as low as $49.

SquareTrade

This Insurance plan is best for families. Because they have a Family Plan which covers up to 4 phones. Their plans also cover accidents, they also protect both old and new phone and they offer continuous coverage when you upgrade phones.

Pros
  • Coverage for all phones regardless of make, model, or age.
  • Four to eight claims allowed per year
  • Competitive rates for family plan
Cons
  • Mail-in repairs are slow
  • Deductible may be higher for older phones

Overview

SquareTrade is one of the most affordable mobile phone insurance plans available. They offer low-cost, multi-device plans with more claim allowances than many other insurance providers.

SquareTrade cover’s life’s accidents and common malfunctions of your mobile phone. Their coverage includes cracked screen, touchscreen failure, liquid damage, speaker or audio failure, battery failure and charging port failure. As stated above, they give coverage to phones from any phone provider and they protect both old and new phone. Even when you upgrade your phone, you’ll still have their coverage. Their coverage also extends when you switch carriers.

SquareTrade also have a variety of options when it comes to repairs. They have same day repair options which are in-home repair (a certified tech replaces your broken screen at a time and place of your choice including your office, home, coffee shop, or just anywhere at all. They also offer Local repair options which you can get your phone fixed at one of their thousands of repair shops. Genius Bar is also another same-day repair option where if you’ve got an Apple device, you can get it repaired at the Genius Bar and they’ll reimburse you. There is also a Mail-in repair option which takes 2-5days.

Many cell phone insurance providers limit annual claims to two per plan, however, SquareTrade allows up to four claims per year per individual device plan. There’s more, family plans allow for up to eight claims per year, which can be particularly helpful for families with multiple devices, both cellular or otherwise.

Plans & Pricing

Premium plans at SquareTrade starts at $8.99 monthly for a single device, but you can insure multiple devices for just $19.99 per month. Deductibles are a flat iron $149 regardless of phone age, model or issue.

Additional benefits such as tech support, Allstate Roadside Assistance, and identity theft recovery is given to customers who upgrade to $12.99 per month.

AppleCare+

It is an undeniable fact that Apple makes some of the best cells phones in the world. They manufacture the hardware, operating systems, and many applications of their phones. Hence, it is rightful to say that since they produce their own stuff, they’ll also have the best knowledge on how to repair them when they get damaged. This is why they have made available their AppleCare+ plans.

AppleCare+ provides affordable coverage specifically for their iPhones and other Apple devices, making it the best option for iPhone users.

Pros
  • Certified Apple parts and technicians
  • Theft and loss policy options
  • Low premiums
Cons
  • Only covers Apple devices
  • Additional application steps if starting a policy 60 or more days after initial iPhone purchase

Overview

Iphone releases new phones every year and they’re phones can easily cost close to $1000 or even more depending on its specifications. This alone should tell be a reason for you to get an insurance cover for their phones. There are other insurance companies that can provide coverage for your iphones or Apple devices. However, it is more smarter to use AppleCare+ if you use their products. They have experts that understand the hardware, operating system, and applications that make Apple products unique.

AppleCare offers two different plans which are the AppleCare+ and AppleCare+ with Theft and Loss. Both of the plans include up to two incidents of accidental damage protection for every 12 months. Both plans also provide coverage in event your battery retains 80% or less of its original charging capacity. More so, the AppleCare+ with Theft and Loss provides additional coverage in case your device gets missing or when it gets stolen.

Should you need repair or replacement, AppleCare offers convenient service options. You can access Apple Experts via chat or phone 24/7. They also have a same-day service in most major metropolitan areas worldwide. They also provide onsite service where you schedule a technician to perform a screen repair at your home or office. There is also the Express Replacement Service, where instead of waiting on your device until repairs is done, you can get it shipped to you so you don’t have to wait. There is also a Mail-in repair option where you can use prepaid shipping box provided by Apple. Additionally, there is a carry-in repair option where you take your iphone to an Apple store or other Apple Authorised Service Provider.

If you are considering AppleCare+, then note that it’s best to add the policy within 60 days of purchasing your iPhone. If that window is closed, you may need to visit the Apple Store before you can add a policy.

Plans & Pricing

Prices for insuring your iPhone varies based on the model. If you’re purchasing a new model, you can typically expect AppleCare+ to cost $9.99 monthly or $199 for a fixed term of two years. AppleCare+ with Theft and Loss will run at about $11.49 per month.

There are stated service fees and deductibles. For a screen or back glass damage, you need to pay $29, any other accidental damage comes at a cost of $99 and theft or loss would cost you $149. Currently, AppleCare+ and AppleCare+ with Theft and Loss is also available for certain devices — it is only available from iPhone SE model to iPhone 13pro Max.

Samsung Care+

Just like Apple devices, this is also best for Samsung phones.

Pros
  • Expert Samsung support
  • Low premiums for some devices
  • $0 deductible for mechanical breakdown claims
Cons
  • High premiums for some devices
  • No loss or theft coverage

Samsung Care+ provides insurance cover for accidental damage, liquid spills, and screen cracks. There’s also a benefit of an extended warranty that protects against mechanical and electrical breakdowns after the 12-months manufacturer warranty expires.

Samsung Care+ has a 24/7 Dedicated support line with well-seasoned customer service personnel who are always ready to help with troubleshooting issues to teaching you how to transfer data and adjust settings.

Plans & Pricing

Purchase of policies from Samsung Care+ ranges from $3.99 to $19.99 per month. This is dependent on the device you are insuring. There’s no deductible if you need to file for mechanical breakdown. However, in event of accidental damage claims, be prepared to pay a deductible of $99. And deductible for screen repairs is $29.

AKKO

AKKO provides mobile phone insurance for both android and iphones. They are the best policy when it comes to budget that fits your financial stand.

Pros
  • Low monthly premiums
  • Coverage can include other electronic devices
  • Multi-policy discounts
  • Student discounts
Cons
  • Does not cover lost phones
  • Replacement value is determined by AKKO

Overview

AKKO is a relatively new company — they started operation in 2019 — making them one of the youngest insurance providers in the industry. However, they have made name for themselves in this short period due to how they consistently offer affordable mobile phone plans. Coverage options start as low as $5 per month.

With AKKO, any of your devices are covered whether new or used. They have easy and fast same-day repairs and they also offer unlimited claims on devices. There are electronic claims payouts and their customer support is topnotch.

AKKO’s insurance coverage includes cracked screens, spills and liquid damages, accident damages like drops, parts and battery failures, theft, vandalism, theft from car break-ins and many more.

AKKO offer two plan —- The Phone Only Plan and the Everything Protected plan. Note also that both plans offer basic phone protection which covers the things mentioned above.

Plans & Pricing

Depending on the plan you are opting for, the price varies. The phone option which offers protection against damage, breakdowns and theft can be purchased from $5-$12. This gives you protection for any phone, $29-$99 deductibles, accidental damage, parts and battery failures, theft, replacement cost of your phone and unlimited claims. You can save up to %15 if you pay annually.

There is also the Everything Protected AKKO Plan which protect 1 phone and all electronic devices and more (25 items total. For this, you need to pay $15 per month. You’ll, however, need to pay $29-$99 deductibles. Under this plan, students can save up to 33%.

Progressive

Progressive logo (PRNewsfoto/Progressive Insurance)

Progressive is best when it comes to giving you so many insurance options for your mobile phone. They also give you the opportunity to customise your policy based on device type, coverage amount, and policy term.

Pros
  • Multi-device option
  • Customizable coverage
  • Discount for Progressive customers
Cons
  • Full payment required for two and three year policies
  • Does not cover manufacturer defects

Overview

Progressive’s mobile phone insurance covers theft and damages, including water damage, drops and accidental damage, cracked screens, and fire, flood, and natural disaster-related damages The insurance coverage with Progressive starts as soon as you start your policy, and it doesn’t matter how old your phone is. One down side, however, is that manufacturer damages are not taken care of by the company.

As a bonus, you can bundle several device protection policies, which means you can easily insure every phone in your family as well as any additional devices like video games, laptops and more.

If your mobile phone or electronic device is damaged, your covered repairs will be taken care of for you. Just submit a claim, and your claims representative will either direct you to a repair shop or have you mail the device into a repair shop cost-free.

Once the repairs are complete, your device will be shipped overnight back to you. All repairs have a 90-day guarantee and shipping costs are 100% covered.

Also, if your device can’t be repaired from a covered loss, you’ll get reimbursed for its current market value.

Plans & Pricing

As stated earlier, customisation of protection plans are offered by Progressive, however, you can typically secure basic coverage for as little as $8 to $10 a month per device with a $75 deductible. There’s good news for existing Progressive customers as they can be able to save 5% on their premium.

While selecting coverage, you’ll have the option to select the coverage amount ($499 to $1,499) and policy term (one to three years) for each device. You can save more by selecting the two- or three-year policy option, though you’ll need to pay for the plan in full. If you prefer monthly payments, you’ll likely need to select the one-year policy option.

What do you think?

Written by seckloawu

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

Top Trends Shaping the Insurance Industry

Top Trends Shaping the Insurance Industry

Best Jet Ski Insurance 2021

Best Jet Ski Insurance 2021