5 Smartphone Insurance Plans That Provide the Best Value

Joel Lee 26-01-2016

Many of us are so addicted to our smartphones that we consider it a crisis when our phones are lost, broken, or stolen. Some of us can’t even go a single day without them, and losing your smartphone is as bad as — if not worse than — losing your keys or your wallet.


And what about the price of these things? Nearly every next-generation smartphone will cost you at least $500 Nexus 6P Review Google's newest high-end Nexus phone is here, but is the fingerprint sensor enough to make this pure Android device worth it? Read More , which makes them more expensive than an entry-level self-built computer Is It Still Cheaper to Build Your Own PC? How much does it cost to build your own PC these days? Compared to pre-built models, are the savings worth the effort? We investigate. Read More . When a device is this important and this expensive, it probably makes sense to insure it against catastrophes.

Not all cyber insurance plans Do You Really Need Cyber Insurance? 4 Questions to Ask Before You Get It Cyber-crime insurance is a burgeoning industry that many organizations are exploring. But is it a worthwhile investment? Read More are worth the value though. You have to balance the price of the plan against the protections you get, and then weigh all of that against the value of your device. For most, cheap insurance plans are actually more than enough.

1. AppleCare+

All iPhones come with a limited warranty that includes one year of “hardware repair” coverage and 90 days of technical support. If this isn’t enough for you, Apple offers extended coverage with their AppleCare+ plan, which is actually pretty darn good for how much it costs.


Eligibility: Only for iPhones up to iPhone 6s Plus. Must be purchased within 60 days of device purchase.


Plans: AppleCare+ is a one-time purchase that extends coverage on an iPhone to two years after the purchase date of the device. For iPhone 6s and iPhone 6s Plus, it costs $129 (about $5.38 per month). For earlier models, it costs $99 (about $4.13 per month).

Deductibles: Each claim has a service fee equal to the plan price, so $129 per incident for iPhone 6s and iPhone 6s Plus and $99 per incident for earlier models.

Protections: Two incidents of “accidental damage” coverage — each subject to service fees — and “repair or replacement” coverage for your iPhone, battery, and included accessories. No loss or theft protection.

Other Details: To initiate the service, you can take your device to any authorized Apple retailer, or you can contact Apple for mail-in through UPS or USPS with no shipping charges. For express replacement, Apple will send you a new device right away and ask for you to send your device in to complete the transaction.


2. Samsung Protection Plus

All Samsung phones come with a manufacturer’s warranty that includes one year of coverage for any malfunctions that occur during “normal use”. Their Protection Plan increases coverage and extends the length of coverage.


Eligibility: Only for Samsung smartphones.

Plans: Samsung Protection Plan is a one-time purchase that extends coverage on a Samsung phone to two years after the purchase date of the device. It costs $99 (about $4.13 per month).


Deductibles: A flat $79 per claim for all devices, but only applies for claims that involve “accidental damage”.

Protections: Mechanical and electrical breakdowns that occur during “normal use” of the device, plus “accidental damage” including drops, spills, and cracked screens. No loss or theft protection.

Other Details: The plan allows up to two replacements in any given 12-month period. Once a claim is approved, replacements are shipped and guaranteed to arrive by the next business day. Shipping is prepaid for returning your defective device.

3. Worth Ave. Group

Worth Ave. Group (WAG) started as a company that insured the personal property of college students, but is now best known for their insurance plans for consumer electronics including smartphones, laptops, gaming systems, and cameras. They’ve been around for over 40 years.



Eligibility: WAG offers general cell phone insurance plans as well as a more specialized plan specifically for iPhones. For the generic plan, most brands and models are supported but not all of them are, so you should check their models list to make sure.

Plans: iPhone plans start at $54 per year (about $4.50 per month) for $400 of coverage, up to $81 per year (about $6.75 per month) for $950 of coverage. Other smartphones start at $27 per year (about $2.25 per month) for $199 of coverage, up to $78 per year (about $6.50 per month) for $899 of coverage.

Deductibles: A flat $50 per claim for all devices.

Protections: All plans are “full coverage” only, which includes accidental damage, cracked screens, liquid submersion, theft, vandalism, fire, flood, natural disasters, and power surges.

Other Details: After filing a claim, you’ll be contacted by an adjuster to determine proper course of action. If a repair is needed, WAG will handle it at their repair shop. If a replacement is needed, you will be reimbursed for the device’s replacement cost, which is determined by the adjuster.

4. SquareTrade

SquareTrade offers protection plans for consumer electronics in the form of extended warranties, and while they deal in all kinds of electronics beyond smartphones, their smartphone plans are some of the best non-provider third-party plans currently available.


Eligibility: SquareTrade can cover all smartphones. Must be purchased within 30 days of device purchase, or if not, the device must be currently insured through AT&T, Verizon, Sprint, or T-Mobile.

Plans: $69 per year, but there are discounts for first-time customers who buy multiple years at once ($99 for 2-year plan, $129 for 3-year plan).

Deductibles: A flat $75 per claim for all devices.

Protections: Coverage includes damage from drops, spills, liquid submersion, and mechanical and electrical malfunctions that occur during “normal use”. No loss or theft protection.

Other Details: SquareTrade has an option where you can pay for repairs at a local repair shop and SquareTrade will reimburse you for it, which is great when you need an immediate fix or if you’re traveling abroad. Otherwise, repairs and replacements are both shipped overnight.

5. Protect Your Bubble

A lot of people have never heard of Protect Your Bubble, which is a shame because their protection plans are some of the best around. They’re backed by a Fortune 500 company and they serve the U.S., the U.K., Ireland, and Brazil, so you can rest assured that they’re quite serious about what they do.


Eligibility: Protect Your Bubble will cover any smartphone, no matter the model or carrier, as long as it’s less than three years old.

Plans: $5.99 per month regardless of device.

Deductibles: A flat $50 per claim for all iPhones and other smartphones except for Samsung touchscreen phones, which have a flat $150 per claim deductible.

Protections: Coverage includes accidental damage, liquid damage, and mechanical and electrical breakdowns that occur during “normal use”. No loss or theft protection. No coverage for cosmetic, pre-existing, or intentional damage.

Other Details: There is a 14-day waiting period between purchase of the plan and when the protection begins. An unlimited number of claims can be made during the course of the plan. If a replacement is necessary, it is shipped overnight.

Is Your Smartphone Insured?

Let’s say you get a two-year protection plan and end up making one claim during that time. You’d end up paying anywhere from $99 to $192 for the premium, plus somewhere between $50 and $99 for the deductible. The total cost would be anywhere from $149 to $291.

If your phone expensive enough to justify that? If it’s a high-end model, then yeah, maybe. But for most people, insurance may not even be worth the cost. The only people who really benefit are those who have a history of dropping and/or breaking their devices.

You’ll notice that none of these plans cover loss or theft. Fortunately, you can freely protect against those using device-tracking services for iPhones How to Track and Locate Your iPhone Using Location Services You can track your iPhone and share or find its location using the iPhone Location Services feature. We show you how. Read More , for Androids Find My iPhone for Android? Meet Android Device Manager Jealous of the iPhone's Find My iPhone app? Well, lucky for you there's an equally awesome app for Android called the Android Device Manager! Let's take a look at it. Read More , and for Windows Phones How To Find Your Lost or Stolen Windows Phone Did you enable Find My Phone, yet? One day, this native Windows Phone feature may re-unite you with your device. Better check whether it's turned on before it's too late! Read More . Also, check with your homeowner’s or renter’s insurance policy, as it may cover instances of theft or loss.

Do you keep your smartphone insured? Why or why not? If you have any horror stories where insurance came to the rescue, we’d love to hear them. Share with us in the comments below!

Related topics: Buying Tips, Insurance.

Affiliate Disclosure: By buying the products we recommend, you help keep the site alive. Read more.

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  1. Joy
    June 10, 2017 at 6:28 pm

    Well thank goodness you didn't recommend ESURRANTY. Everyone should avoid them like the plague. Check the reviews and do your research. They have stolen my money and won't return my phone, and won't return any contact attempts. They will sell you insurance (which is fake by the way, they're not a licensed insurance ANYTHING), but they won't service it. In my opinion, just steal your phone/ipad/any device you send them. BUYER BEWARE. If you've had a bad experience with this company, I'd love to hear about it!

  2. John
    August 12, 2016 at 5:03 pm

    Protect Your Bubble no longer sells coverage in the US

  3. Olivia Montell
    May 10, 2016 at 5:30 pm


    Actually you might want to look at the picture you posted for Worth Ave. Group it has a check mark next to theft but your last paragraph says none of these cover theft.


    • Mike G
      December 4, 2017 at 11:22 pm

      Worth Ave. Group does cover theft. I've used them for a couple years now on multiple devices. No experience filing a claim fortunately, but they're very affordable, have the most comprehensive coverage I've ever seen, easy to reach by phone and were friendly/happy to answer all my detailed questions on multiple occasions.

  4. David
    March 10, 2016 at 1:50 am

    Joel, Check out Upsie ( the next time you're doing an article like this.

  5. jackfrost
    January 28, 2016 at 12:28 am


  6. Jessica
    January 27, 2016 at 5:59 am

    The price for the AppleCare + is $99 for the iPhone 6 and 6+ and $129 for the s models

    • Joel Lee
      January 28, 2016 at 11:06 pm

      You're right! It seems parts of their website were out of date and I happened to look at the wrong page. I've updated the article. Thanks Jessica!