The true cost of mobile phone insurance

girl with phone

In our ever-advancing world, it’s safe to say that we can never make a purchase without considering the complications and damages that may arise in the years of ownership – from our laptops to our televisions, all the way through to our mobile phones.

And, of course, this isn’t difficult to understand. For instance, our mobile devices can set us back hundreds, if not thousands of pounds and so it’s only natural that we explore how we can protect our purchase to ensure that we’re not throwing money away.

The obvious answer to this concern is opting for an insurance plan that can provide us with the peace of mind to confidently go about our day without worrying about our mobile device’s safety. But how much does mobile phone insurance really cost in comparison to repair costs? Well, that’s exactly what we’ll be exploring in this article.

The Cost of Replacing a Cracked Screen

Dropping your phone is an unfortunate reality that many of us have faced. But of course, the worst moment has to be when we turn over the device to reveal whether or not the screen has smashed, cracked or shattered.

Currently, the cost of replacing an iPhone 11 screen sits at £196.44 when outside of warranty – a hard pill to swallow, to say the least – and this value only increases with newer models. However, before you face such expenditures, it’s a good idea to consider mobile phone insurance. Using the same iPhone 11 model for comparison, you’d be facing a much smaller monthly charge ranging from £6.89 for phone insurance with a pre-agreed excess charge should an accident arise – and this narrative remains almost entirely the same for every phone manufacturer and model.

So, whilst a one-off replacement cost may seem worth the risk initially, you’ll want to determine whether you can afford that gamble and whether you can guarantee that an accident will only occur once.

The Cost of Mobile Phone Repair

The cost of repairing our mobile phones is increasing at a rapid rate which is really no surprise considering their value is similarly rising. However, this does mean that the decision to purchase an insurance plan is more prevalent than ever.

A common pitfall when first considering an insurance policy is relying entirely on the given warranty period of your phone’s manufacturer. Whilst this warranty period will offer you some comfort when it comes to damages, theft or loss, it won’t last forever – which is where it can get a bit messy.

Unless you invest in an insurance policy prior to the end of this period, you could find your phone unprotected and vulnerable to undesirable scenarios – and this can cost you hundreds of pounds in repair costs. It’s not hard to foresee that you’ll be kicking yourself should this be the case.

The Cost of Purchasing a Replacement Device

At times, investing in a repair can be counterproductive and we can end up spending more than it would take to replace the device altogether. However, whilst this may be the better choice, immediately opting for a replacement device is still a costly business – especially considering that the latest iPhone costs up to £1,499 and the latest Samsung costs up to £1,299. As such, you could find yourself without a phone unless you can afford the replacement costs.

So, it’s safe to say that a one-figure monthly insurance price could be the more appealing deal in such circumstances.

The cost of repairing or replacing our mobile phones is rising year-on-year, so it makes sense that we are becoming more and more interested in our insurance options – and this is a good thing!

Luckily, there is an abundance of insurance providers in the market that can provide policies tailored to your exact needs – all you need to do is take a look.