Unexpected cellphone repairs or replacements can leave you on the hook for several hundred dollars, but the right cellphone insurance policy can help make it more affordable. When you purchase a policy from one of the best cellphone insurance providers, you'll pay a monthly or annual premium, typically between $5 and $20 a month, depending on the device and coverage. If the device is damaged, lost, or stolen, you can repair or replace it for a fraction of the market value by paying a deductible. Many insurance policies offer similar coverage, but it’s important to thoroughly review each provider and policy before making a decision. The best policies are cost-effective, with low deductibles, making it easy to file a claim. Additional factors like bundling discounts, multi-device options, and customer reviews can also be useful when selecting a provider. Read on to determine which provider best fits your needs. Best Cellphone Insurance Best Cellphone Insurance Final Verdict Compare Providers FAQs Methodology Use code SAVE1 for your first month free! Why We Chose It AKKO’s unique approach to cellphone insurance lets policyholders take advantage of some of the lowest premiums in the industry, making it the best provider for cellphone owners on a budget. Pros & Cons Pros Low monthly premiums Coverage can include other electronic devices Multi-policy discounts Student discounts Cons Lost phones have limitations in coverage Replacement value is determined by AKKO Overview AKKO was started in 2018, making it relatively new to the scene, but it's garnered attention for consistently affordable cellphone insurance plans. With coverage options starting as low as $5 a month for those who pay annually, AKKO is one of the best providers for anyone on a budget. One thing that sets AKKO apart from other insurance providers is how it manages claims. Instead of automatically receiving a replacement device, AKKO will give customers cash based on the replacement value of the device minus the deductible. Similarly, if they need to have their phone repaired, AKKO will either send the cash value of the repairs or pay an AKKO partner repair shop directly. AKKO offers two plans: The Phone Only plan and the Everything Protected plan. Both plans offer basic phone protection, which includes cracked screens, liquid damage, accidental damage (e.g., drops), and theft and vandalism. AKKO’s Everything Protected plan extends coverage to up to 25 other electrical items, including any tablets, laptops, and video games that belong to the policyholder. Plans & Pricing AKKO’s Phone Only plan starts at $6 to $12 per month, or $5 to $11 a month if the customer pays for the entire year upfront. The Everything Protected option costs $14 per month for students and $15 per month for adults, discounted by $1 per month when the customer pays for the entire year upfront. For both plans, deductibles vary based on the make, model, and year of your phone. Repair deductibles typically range from $29 to $75, and replacement deductibles range from $75 to $99. Under the Everything Protected plan, adults pay a $99 deductible for repairs or replacements for their other covered electronics, while students pay $49. Though customers can’t insure more than one cellphone per plan, they can save 5% to 15% when they bundle more than one policy. Why We Chose It SquareTrade’s affordable rates,multi-device policies, and higher annual claim allowances make this provider the best option for families. Pros & Cons 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 backed by Allstate and is marketed as one of the most affordable cellphone insurance plans available. It offers low-cost, multi-device plans with more claim allowances than many other insurance providers. Combined, these factors make SquareTrade our choice for cellphone insurance that can cover the whole family. SquareTrade insurance covers all cellphone makes and models regardless of carrier or age. Plans cover cracked screens, touchscreen failures, liquid damage, speak/audio failure, battery failure, and charging port failure. Coverage includes on-premise (e.g., in the home, office, a coffee shop, etc.), same-day repairs, and repairs made at a local repair shop. Or, if preferred, the client can also mail in the phone for repairs, a process that typically takes two to five days. While many cellphone insurance providers limit annual claims to two per plan, SquareTrade allows for up to four claims per year per individual device plan. Family plans allow for up to eight claims per year, which can be particularly helpful for families with multiple devices, both cellular and otherwise. Plans & Pricing SquareTrade premiums start at $8.99 a month for a single device, but customers can insure multiple devices for just $19.99 a month. Deductibles are a flat $149. SquareTrade also offers an upgrade ($12.99 per month) that adds additional benefits like premium tech support, Allstate Roadside Assistance, and identity theft recovery. Why We Chose It AppleCare+ provides affordable coverage that is specific to iPhone and other Apple devices, making it the best option for iPhone users. Pros & Cons 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 A new iPhone can easily cost close to $1,000, which can make insurance a smart investment. While most cellphone insurance providers will happily cover iPhones, customers looking for the best insurance may want to go straight to the source. AppleCare+ makes it easy to protect a phone and get ongoing support from experts who understand the hardware, operating system, and applications that make Apple products unique. That’s why we’ve selected AppleCare+ as the best option for iPhone users. AppleCare offers two different policies: AppleCare+ and AppleCare+ with Theft and Loss. Both cover unlimited incidents of accidental damage protection annually and offer coverage if a battery retains 80% or less of its original charging capacity. AppleCare+ with Theft and Loss covers two incidents of theft or loss every 12 months. An AppleCare+ account also gives 24/7 priority access to Apple experts via phone or chat, onsite services (e.g., screen repairs), express replacement services, and mail-in repair options with prepaid shipping. AppleCare+ customers can also take their device to any Apple Store or Apple Authorized service provider for in-person repairs and troubleshooting. For customers considering AppleCare+, it’s best to add the policy within 60 days of purchasing the iPhone. If that window has closed, a visit to an Apple Store may be required to add a policy. Plans & Pricing Prices vary based on the iPhone model the customer wishes to insure. AppleCare+ insurance ranges $3.99 to $9.99 per month, or $79 to $199 for a fixed term of two years. AppleCare+ with Theft and Loss will run about $7.49 to $13.49 per month or $149 to $269 for a fixed term of two years. Deductibles vary based on the incident type. The deductible for screen repairs is $29, while other types of damage typically result in a $99 deductible. If the phone is lost or stolen, expect a $149 deductible. Why We Chose It Samsung Care+ offers expert support and a $0 service fee for mechanical breakdowns, making it a great option for Samsung phone owners. Pros & Cons Pros Expert Samsung support Theft and loss policy options $0 service fee for mechanical breakdown claims Cons High premiums for some devices Only for Samsung users Overview Samsung has been a leader in cellphone technology, so it makes sense that it also offers an insurance product to cover its phones. Like AppleCare+, Samsung Care+ leverages the expertise of Samsung technicians to offer affordable and reliable repairs for Samsung users. This makes Samsung Care+ the best provider for Samsung users. Samsung Care+ covers accidental damage, liquid spills, and screen cracks. Customers also get protection against mechanical breakdowns after the 12-month manufacturer warranty expires. The Samsung Care+ Theft and Loss plan covers three incidents of theft or loss within a 12-month period. Samsung Care+ customers can take advantage of 24/7 support, and if a phone needs repairs, they can rest assured that they'll receive original Samsung parts and that a Samsung expert will repair their phone. Plans & Pricing The prices of Samsung Care+ policies fill a range, depending on the device being insured. Deductible costs depend on the reason for service (e.g., accidental damage or a screen repair). The Samsung Care+ Theft and Loss plan ranges from $8 to $18 per month for a 36-month term. The standalone Samsung Care+ plan costs $3 to $13 per month for a 36-month term. Repair services fees are set at $0 to $99, while deductibles for lost or stolen phones range between $99 and $199. Why We Chose It We chose Asurion for our list because of its affordable and comprehensive coverage and easy claim process. Pros & Cons 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 Many cellphone providers allow customers to add insurance to their monthly bill, and Verizon, AT&T, and USCellular customers, among others, have direct access to Asurion’s coverage. This coverage is affordable, the claims process is easy, and customers are generally satisfied with their experience. Asurion policyholders are covered if their device is lost, stolen, or damaged (e.g., broken screens and liquid damage). Plans also cover device defects, as well as some failures and device issues linked to normal wear and tear, like dust accumulation or internal heat and humidity problems. The Asurion online claims portal makes it easy to submit a claim, and policyholders can typically expect a replacement phone to arrive via mail in as little as 24 hours. Not all damaged devices require a replacement, however. Customers with a cracked screen or those who want to work directly with a technician can take their issue to one of the company's more than 700 Asurion Tech Repair & Solutions or uBreakiFix stores. For added convenience, they can also schedule a home or office visit with an Asurion technician. With so many repair options, it’s easy for customers to find one that works best. Plans & Pricing Purchasing options vary by cell provider, device type (e.g., smartphones and watches), and plan. Deductibles for replacement phones also vary by device, with more expensive or newer phones carrying larger deductibles. Screen repairs, which often don’t require a replacement phone, are more affordable. Why We Chose It Progressive lets cellphone insurance customers customize their policy based on device type, coverage amount, and policy term, making this well-known insurer a great provider for customers who want options. Pros & Cons Pros Multi-device plans Customizable coverage Discount for Progressive customers Cons Full payment required for two- and three-year policies Does not cover manufacturer defects Overview Progressive is widely known for its homeowners and auto policies, but it also has a device protection plan that covers smartphones, laptops, tablets, gaming systems, and more. The coverage is highly customizable and offers affordable multi-device plans that make Progressive perfect for anyone looking for a policy with plenty of options. Progressive’s phone and device insurance policies cover theft and damages, including water damage; drops and accidental damage; cracked screens; and fire, flood, and natural disaster-related damages. Coverage begins as soon as the policy starts, regardless of how old the phone is. Progressive’s device protection plan does not include manufacturer defects or problems that stem from normal wear and tear. As a bonus, customers can bundle several device protection policies, which means they can easily insure every phone in the family as well as any additional devices like video games, laptops, and more. Plans & Pricing Protection plans are highly customizable, but customers can typically secure basic coverage for as little as $8 to $10 a month per device with a $75 deductible. Customers can save 5% on their premium with they buy coverage directly through Progressive. While selecting coverage, customers have the option to select the coverage amount ($400 to $1,499) and policy term (one to three years) for each device. They can save more by selecting the two- or three-year policy option, though they’ll need to pay for the plan in full. If the customer prefers monthly payments, they’ll likely need to select the one-year policy option. Cellphone insurance can help customers protect their devices and avoid costly repairs or replacements. In some cases, finding the right insurance provider may be as easy as signing up for insurance through a wireless provider or the device manufacturer. That’s true for providers like Asurion, AppleCare+, and Samsung Care+. Another great place where customers can find coverage is through their home or auto insurance provider. Both Progressive and AllState (SquareTrade) have cellphone insurance plans that offer competitive premiums and deductibles—perhaps unlocking existing customer savings. If neither of those options is ideal, new and alternative providers like AKKO may provide suitable coverage at affordable rates. Cellphone insurance covers different types of damage that may impair or prevent a phone from working. Though coverage can vary based on the provider, as well as the age of and type of phone, many policies include the following: The cost of cellphone insurance can vary based on the make, model, and age of the phone as well as the insurance provider you select. Generally, policies are available for anywhere from $5 to $20 a month, with most falling squarely in the middle. Cell phone insurance may be a worthwhile expense if you frequently damage or lose your phone or if you can’t afford the upfront costs associated with repairs or device replacements. This is particularly true for smartphones, which can cost several hundred dollars to replace. Cellphone insurance may also make sense if you’re financing a phone and would need to pay off the damaged phone while also purchasing a new one. Yes, although, you may need to go through some additional steps. For instance, AppleCare+ customers can insure their iPhones within 60 days of purchase. After that point, customers must take their phone to an Apple retail location for an inspection before they can purchase a policy. We researched 11 companies offering cellphone insurance and evaluated each insurer based on factors such as cost, coverage, policy options, and customer feedback. First, we considered what each policy covered, with a focus on policies that covered accidental damage, liquid spills/submersion, and theft, at a minimum. Then we reviewed the premiums and deductibles to find the most affordable and comprehensive policies. Finally, we identified any additional benefits or features to match each provider with a specific customer profile. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Apple. “AppleCare Products.” Samsung. “Samsung Care+.” Asurion. "Phone Insurance." Progressive. "Electronic Device Insurance." Related Terms California FAIR Plan Insurance: What You Need to Know California FAIR Plan insurance supplies coverage to homeowners and business owners who don’t qualify for traditional property insurance. more Up-Front Mortgage Insurance (UFMI) Up-front mortgage insurance (UFMI) is a type of mortgage insurance policy made at the time of the loan. It is required on certain FHA loans. more Health Insurance Deductible: What It Is and How It Works A health insurance deductible is the amount of money you must pay out of pocket each year before your insurance plan benefits kick in. Learn how health insurance deductibles work. more What Is an Auto Insurance Quote? An auto insurance quote is an estimate of how much car insurance will cost you. It spells out the costs and limits of different types of coverage. more Health Reimbursem*nt Arrangement (HRA): What It Is, How It Works A health reimbursem*nt arrangement (HRA) is an employer-funded plan that reimburses employees for medical expenses and, sometimes, insurance premiums. more Workout Agreement: What it is, How it Works A workout agreement renegotiates the terms of a loan to provide a measure of relief to the borrower. moreBest Cellphone Insurance Providers of 2024
Best for Policy Budget : AKKO
Best for Families : SquareTrade
Best for iPhones : AppleCare+
Best for Samsung Phones : Samsung Care+
Best for Easy Claims : Asurion
Best for Options : Progressive
Final Verdict
Compare the Best Cellphone Insurance
Company Deductible Average Monthly Premium Types of Phones Covered Available Policies AKKO Best for Policy Budget $29 to $99 $5 to $12 per month (single phone) $15 (phone plus other devices) Various Phone Only, Everything Protected SquareTrade Best for Families $149 $8.99 to $19.99 per month Various Single plan, family plan AppleCare+ Best for iPhones $29 to $149 $3.99 to $13.49 per month iPhones AppleCare+, AppleCare+ with Theft and Loss Samsung Care+ Best for Samsung Phones $0 to $199 $3 to $18 per month Samsung Samsung Care+, Samsung Care+ with Theft and Loss Asurion Best for Easy Claims $29 to $499 $12 to $15 per month (single device) $45 per month (multiple devices) Various Single device, multiple devices Progressive Best for Options $75 $8 to $10 per month Various Single device, multiple devices Frequently Asked Questions
Why Get a Protection Plan for a Cell Phone?
How Much Is Cell Phone Insurance on Average?
Is Cell Phone Insurance Worth the Cost?
Can You Get Cell Phone Insurance After Purchase?
Methodology
See Also
Simple guide to filing a phone insurance claim with AsurionWhat Kind of Screen Protector Should I Get for My Phone?Verizon Mobile Protect FAQs | Verizon Customer SupportDo You Need Cellphone Insurance? Best Dental Insurance for Implants of 2024 Best Health Insurance Companies for the Self-Employed Best Drone Insurance Companies Best Affordable Health Insurance Companies Best Health Insurance Companies for September 2024 Best Home Warranty Companies for September 2024