Today’s the day. After obsessing over what phone to upgrade to for the past several couple months (let’s be honest, you started pondering what the socially acceptable time frame was between upgrades only a few months after getting your new smartphone home), you finally stand at the checkout poised to swipe your card. Then, waking you from a daydream about how great your new food selfies will look comes the inevitable question: “Would you like to add on the optional device protection plan for only such-and-such dollars a month?”

If you’re anything like me, that simple question can create some major anxiety. Cue the crippling what-ifs and internal discussions about your accident-prone ways. So, do you throw caution to the wind (while, hopefully, keeping a firm grip on your new phone), put your faith in quality construction and an OtterBox case, and take a pass? Or, do you accept the hard truths about your butterfingers and commit to paying the extra cash for the good of your investment? In short, is phone insurance worth it?

 

Gif of man stressing out over all the cell phone insurance options
Oh No Wow GIF By TruTV

 

The answer isn’t always cut and dry. With a confusing mix of terms being thrown around (like extended manufacturer warranty, smartphone insurance, or device protection plan), an array of deductibles and costs, varying levels of coverage, and a bunch of available options, we’ll be the first to admit that deciding isn’t easy. Luckily for you, we’re here to help make the choice as stress-free as possible with our rundown of the best cell phone insurance options for 2020.

 

Contents

Is Phone Insurance Worth It?
What’s the Difference? — Extended Warranty vs. Insurance vs. Protection Plan
Best Cell Phone Insurance Options in 2020
Manufacturer Insurance Plans:   Apple   |   Samsung
Cell Phone Carrier Insurance Plans:   AT&T   |   Sprint   |   T-Mobile   |   Verizon
Third-Party Insurance Plans:   Geek Squad   |   SquareTrade   |   Upsie
No Insurance? Buying a New Phone Soon?  We’ll Buy Your Old, Broken Phone
Some Final Mobile Insurance Considerations


Is Phone Insurance Worth It?

The short answer is: It depends. Smartphones today can be quite the investment, with an iPhone 11 Pro clocking in at $1,349 and last year’s Samsung Galaxy S10 ringing in at just under $1,000. Add to that the use of fragile, hard-to-fix components — like the back glass used in the latest iPhones — and you have a recipe for potential disaster for both your wallet and delicate device. Plus, don’t forget how much action your phone sees on a daily basis. From checking the news over your morning coffee to binging Netflix before falling asleep, there are tons of opportunities for devastating drops onto the ground (or into the loo, for all you toilet thinkers out there).

Returning to our iPhone 11 Pro example, a cracked screen would cost $279 in repairs through Apple if you were uninsured. And as for the dreaded shattered back glass we mentioned earlier, that will run you $549, or almost half the original price of your phone. Yes, getting a good shockproof and/or water-resistant case could help protect against these issues, but glass is glass and even an OtterBox is apt to fail at some point. Better to be safe and covered than sorry about pricey out-of-warranty service fees.

Lest we forget about all the opportunities for loss or theft. Falling out of a pocket, leaving it in a public restroom, having it snatched by a pickpocket while on vacation — sure, Find My iPhone and Find My Device exist for a reason, but again, nothing is foolproof. 

 

Hands holding money, credit cards, piggy bank and mobile phone
Is cell phone insurance worth it?

 

The moral of the story? Think about the cost of your investment, the person who will use the phone, and also your financial situation.

If your teenager’s past iPhones all had a nasty habit of face planting into the ground only to have the screen shatter, you might want to say yes to AppleCare+. If you’ve had a mental heart-to-heart with yourself and realized that you ask yourself “Now where did I put that?” way too many times (*raises hand*), then opting for extra protection is probably a good idea. Ask yourself, “Would I be financially comfortable paying the out-of-pocket, out-of-warranty expenses for any repairs my phone might need?” If the thought of it makes your palms sweat, you have your answer. 

Unless you’ve been gifted with catlike reflexes, your phone is bound to take a tumble at least once. And although you might be tempted to have a friend or some third-party repair service fix it for you for less and eschewing insurance altogether, it’s better to be safe than sorry and to leave the repairs to the experts. In fact, opting for a DIY or otherwise unauthorized repair can often cause more harm than good, resulting in Face ID not working or other damage to your device’s components. So, while the cost of insurance may be hard to swallow, just remember that old piece of wisdom: It’s better to have it and not need it than to need it and not have it. 


Extended Warranty vs. Phone Insurance vs. Device Protection

What’s the Difference?

So, you’ve accepted that you need mobile insurance. Now what? Before we dig through your options, let’s try to clear up some confusion around everything that’s available.

 

Extended Warranty

An extended warranty is simply that: an extension of the original manufacturer warranty. Don’t expect any cracked screen repairs or water damage fixes here — the only thing this option covers is defects or device malfunctions.

 

Phone Insurance

Similar to auto insurance, phone insurance is there to help cover your wallet when accidental damage from handling, or ADH, happens. With AppleCare+, for example, that previously $279 screen repair turns into only $29 and the $549 cracked back glass fix drops to a much more reasonable $99. And for all you forgetful folks, some options will also have your back during loss and theft. Suppose someone pockets your $1,349 iPhone 11 Pro while you’re on vacation in Europe. With AppleCare+ with Theft and Loss, a replacement will run you $269, which is a heckuva lot better than forking over that plus an extra $1,000 if you’re uninsured and need to replace your stolen iPhone.

 

Device Protection Plan

We like to think of this last category as phone insurance on steroids. It takes care of all those accidents-happen moments and also tosses in an array of valuable extras as a bonus like 24/7 tech support, unlimited cloud storage for photos and videos, identity theft protection, and even roadside assistance. 

Most providers’ offerings are a mix of the things we’ve outlined above. It’s just a matter of finding the combination that suits you and your needs. 


Best Cell Phone Insurance Options in 2020

With a wide variety of plans provided by manufacturers, cell phone carriers, and independent companies, you won’t have to worry about a lack of mobile insurance options. Whether packed with perks or free of bells and whistles, there’s sure to be an option for you. Here’s a quick and dirty comparison of what each plan has to offer.

 

A few quick things to keep in mind while looking at the table:

Plan prices notated with ** are single-pay plans. The rest are month-by-month options where the monthly fee has been multiplied by 24.

When looking at price ranges for both plans and deductibles, keep in mind that the actual price is generally determined by your specific phone model.

 

 Price for 24 MonthsCracked Screen DeductibleOther Damage DeductibleReplacement DeductibleCovers Loss & Theft Claim LimitsBuy Within Extra Perks
AppleCare+**$79 to $199$29$99$992/2 years60 days✔️
AppleCare+ w/ Theft & Loss**$179 to $299$29$99$149 to $269 (for theft/loss)✔️2/2 years60 days✔️
Samsung Premium Care$95.76 to $479.76$99$99$993/year30 days✔️
AT&T Mobile Insurance$215.76$49$25 to $299$25 to $299✔️2/year30 days
AT&T Protect Advantage$360$29$25 to $299$25 to $299✔️3/year30 days✔️
Sprint Complete$216 to $456$29$25 to $140$50 to $275✔️3/year30 days✔️
T-Mobile Basic Device Protection$144 to $336$10 to $249$10 to $249$10 to $249✔️2/year30 days
T-Mobile Protection <360>$168 to $432$10 to $99 -- Unlimited screen protectors$10 to $99$10 to $249✔️3/year30 days✔️
Verizon Extended Warranty$124n/an/a$0 (defects only)No limit30 days
Verizon Wireless Phone Protection$74.40 to $164.40$29, unlimited claims$9 to $249$9 to $249✔️3/year30 days
Verizon Total Mobile Protection$288 to $360$29, unlimited claims$9 to $249$9 to $249✔️3/year30 days✔️
Verizon Protect$336 to $408$29, unlimited claims$9 to $249$9 to $249✔️3/year30 days✔️
Geek Squad Protection$215.76$9.99 to $199.99$9.99 to $199.99$9.99 to $199.993/year15 days
Geek Squad Complete Protection$263.76$149.99 to $199.99$149.99 to $199.99$149.99 to $199.99✔️3/2 years (ADH); 2/year for loss & theft15 days
SquareTrade Phone Protection$215.76$149 (some $25, based on location)$149$1494No limit
SquareTrade Phone Protection Plus$311.76$149 (some $25, based on location)$149$1494No limit✔️
Upsie**$69.99 to $249.99$25 to $150$25 to $150$25 to $150No limit (up to phone value)120 days

Now that you’ve gotten a brief overview of what cell phone insurance providers have to offer, let’s dig deeper into the pros and cons of each device protection plan. For your convenience, out-of-warranty repair costs have been included whenever possible.


Manufacturer Insurance Plans 

When it comes to manufacturer-provided cell phone insurance, the two main players are Apple and Samsung. 

 

Apple AppleCare+ device protection plans

All iPhones come protected by Apple’s complimentary warranty known as AppleCare, which covers defects and mechanical failures and includes 90 days of phone support. However, you can opt into AppleCare’s more robust protection plans until 60 days after purchase. Each plan lasts 24 months and repairs can take place in-store, with an Apple Authorized Service Provider, or by mailing your iPhone to an Apple Repair Center. 

 

AppleCare+ (all cost estimates are for an iPhone 11 Pro)

Price: $199 for single-pay or $9.99 monthly ($239.76 over 24 months) Out-of-Warranty Costs
Cracked Screen Deductible: $29 $279
Other Damage Deductible: $99 $549
Replacement Deductible: $99 for ADH or mechanical damage claims only
Claims Allowed: 2 per 24 months
Extras: 2 years of phone support

 

AppleCare+ With Theft and Loss (all cost estimates are for an iPhone 11 Pro)

Price: $299 for single-pay or $14.99 monthly ($359.76 over 24 months) Out-of-Warranty Costs
Cracked Screen Deductible: $29 $279
Other Damage Deductible: $99 $549
Replacement Deductible: $269 for theft or loss claims
Claims Allowed: 2 per 24 months
Extras: 2 years of phone support

 

The Pros: At a glance, you can see that the AppleCare+ single-pay option is one of the most cost-effective iPhone insurance plans. It also offers reasonably priced deductibles for when issues do come up. Plus, with AppleCare+ Theft and Loss, your phone is covered if it is misplaced or stolen. 

The Cons: You are limited to only two claims over a 24-month period — that’s at least half what other phone insurance providers are offering. Furthermore, with AppleCare+ with Theft and Loss, Find My Phone must be enabled at the time of the loss in order for your iPhone to be covered or else you’re out of luck. Additionally, in comparison to other device protection plans, Apple brings little to the table as far as extras.

The Verdict: For iPhone owners, both AppleCare+ options are great choices if you don’t expect to make many claims, but want coverage just in case.


Samsung Samsung phone insurance

Samsung Premium Care extends the manufacturer’s warranty and provides protection from accidental damage. Payments are made monthly and you can cancel your enrollment at any time. 

 

Samsung Premium Care (all cost estimates are for a Samsung Galaxy S10)

Price: $11.99 monthly  Out-of-Warranty Costs
Cracked Screen Deductible: $99 $249
Other Damage Deductible: $99
Replacement Deductible: $99 for ADH claims; no cost for claims due to mechanical breakdown
Claims Allowed: 3 per 12 months; no limit for claims due to mechanical breakdown
Extras: 24/7 tech support

 

The Pros: Compared to its Apple counterparts, Samsung Premium Care allows three times the claims in a 24-month period with no limits for mechanical issues. It’s also hard to argue with getting a replacement for only a $99 deductible. 

The Cons: Samsung’s phone insurance trails competitors with its cracked screen deductibles, at $70 more than most other providers, and provides zero coverage for instances of loss and theft. And similar to Apple, it skimps on the extras.

The Verdict: For Samsung owners, Premium Care is a solid choice if you’re not prone to dropping or losing your phone, and if you like the security of being covered in case of mechanical breakdowns. 


Cell Phone Carrier Insurance Plans

Unless you’re buying your smartphone directly from the manufacturer (we’re looking at you, people who stand in line outside Apple stores when a new model launches), chances are that you’re grabbing your new tech from your cell phone carrier. Consider adding on a device protection plan at the same time. From minimal, defects-only coverage to holistic plans that protect you both you and your phone, you’re sure to find something that suits your needs. 

 

AT&T  AT&T phone insurance

AT&T offers customers two different options, both administered by Asurion insurance: Mobile Insurance and Protect Advantage. For those on a family plan, you can also select Protect Advantage for 4 which covers up to four lines. AT&T’s phone insurance is one of the few options to not base the plan cost on your phone’s model. Deductibles, however, are still on a tiered system. 

 

AT&T Mobile Insurance (all cost estimates are for an iPhone 11 Pro)

Price: $8.99 monthly 
Cracked Screen Deductible: $49
Other Damage Deductible: $250
Replacement Deductible: $250 for ADH, loss, or theft claims
Claims Allowed: 2 per 12 months
Extras: n/a

 

AT&T Protect Advantage (all cost estimates are for an iPhone 11 Pro)

Price: $15 monthly for 1 line, $40 monthly for 4 lines
Cracked Screen Deductible: $29
Other Damage Deductible: $250
Replacement Deductible: $250 for ADH, loss, or theft claims
Claims Allowed: 3 per 12 months for 1 line, 8 per 12 months for 4 lines
Extras: $0 deductible for battery replacements, unlimited photo and video cloud storage, ProTech Support, identity protection, and device tune-ups

 

The Pros: Even AT&T’s most basic offering covers theft or loss. For Protect Advantage, the provided extras are a great added value, especially the $0 deductible for battery replacements and identity theft protection. Plus, the addition of a group plan is a convenient, cost-effective alternative to paying for each device protection plan separately. 

The Cons: A steep deductible for any damage that isn’t a cracked screen isn’t ideal. 

The Verdict: For those on a budget, AT&T’s basic phone insurance option is affordable (minus the $49 service fee for a cracked screen) yet robust and provides a decent number of claims annually. If you’re willing to invest more or want to protect all of your family’s smartphones, Protect Advantage is an ideal choice with some wonderful perks. 


Sprint  Sprint phone insurance

Unlike other major carriers, Sprint only brings one mobile insurance plan to the table. With Sprint Complete, payments (based on your phone model) are month-by-month and you can cancel your enrollment at any time. Like AT&T, Sprint’s insurance offerings are administered by Asurion.

 

Sprint Complete (all cost estimates are for an iPhone 11 Pro)

Price: $19 monthly  Out-of-Warranty Costs
Cracked Screen Deductible: $29 $200
Other Damage Deductible: $140 $200
Replacement Deductible: $275 for ADH, loss, or theft claims
Claims Allowed: 3 per 12 months
Extras: Unlimited photo and video cloud storage, on-demand tech support with a US-based expert, and online password management

 

The Pros: Sprint Complete boasts a comprehensive mix of ADH, mechanical, loss/theft coverage, and a few extras.

The Cons: At $19 a month for an iPhone 11 Pro, it’s the most expensive choice out of the entire bunch with fewer added bonuses.

The Verdict: Although some Sprint customers might prefer a basic phone insurance plan without all the bells and whistles, Sprint Complete covers all the bases — albeit at a higher cost than its competitors. 


T-Mobile  T-Mobile phone insurance

T-Mobile customers can choose between a basic phone insurance plan or a more holistic device protection plan, also managed by Asurion. For each option, payments are taken monthly and you can opt out of the plan whenever you like. 

 

Basic Device Protection (all cost estimates are for an iPhone 11 Pro)

Price: $14 monthly 
Cracked Screen Deductible: $249
Other Damage Deductible: $249
Replacement Deductible: $249 for ADH, loss, or theft claims; $0 for mechanical failure claims
Claims Allowed: 2 per 12 months
Extras: n/a 

 

Protection <360> (all cost estimates are for an iPhone 11 Pro)

Price: $18 monthly 
Cracked Screen Deductible: $29 ($99 for non-iPhones)
Other Damage Deductible: $99
Replacement Deductible: $249 for loss or theft claims; $0 for mechanical failure claims
Claims Allowed: 3 per 12 months
Extras: McAfee Security with identity theft protection, tech support, JUMP! early upgrades for financed phones (after 12 months or once phone financing paid 50%), unlimited screen protector replacements, and AppleCare Services (for iPhone owners)

 

The Pros: We like the flexibility to choose between a basic or more comprehensive plan, love Protection 360’s added perks, and adore that theft and loss protection comes with both options. Additionally, Protection 360’s very reasonable deductible for other damage is a sight for sore eyes after seeing some service fees other carriers are charging.

The Cons: At $18 a month, Protection 360 is one of the priciest device protection plans out there. While Basic Device Protection ($14/month) is more affordable, those damage deductibles are pretty outrageous. 

The Verdict: If you’re a T-Mobile customer (and especially an iPhone owner) waffling between your two choices, we say pony up the extra cash for Protection 360. With awesome extras (Hello, unlimited screen protector replacements and AppleCare Services!), more claims, and deductibles that don’t make you want to cry, you get what you pay for. 


Verizon  Verizon phone insurance

Of all the carriers, Verizon offers the most cell phone insurance options by far with an impressive menu of four plans, once again administered by Asurion. From a simple extended warranty to a plan with extensive protection for both individuals and families, there truly is something for everyone. 

 

Extended Warranty (all cost estimates are for an iPhone 11 Pro)

Price: $5 monthly 
Cracked Screen Deductible: n/a
Other Damage Deductible: n/a
Replacement Deductible: $0, only for mechanical failure claims
Claims Allowed: Unlimited
Extras: n/a 

 

Wireless Phone Protection (all cost estimates are for an iPhone 11 Pro)

Price: $6.85 monthly 
Cracked Screen Deductible: $29 
Other Damage Deductible: $249
Replacement Deductible: $249 for ADH, loss, or theft claims
Claims Allowed: 3 per 12 months, no limit for cracked screen repairs
Extras: n/a

 

Total Mobile Protection (all cost estimates are for an iPhone 11 Pro)

Price: $15 monthly for 1 line, $45 monthly for 3-10 lines (over 3 lines, add $11 for each extra line)
Cracked Screen Deductible: $29
Other Damage Deductible: $249
Replacement Deductible: $249 for ADH, loss, or theft claims; $0 for mechanical failure claims
Claims Allowed: 3 per year for 1 line, 9 per year for 3 lines; no limit for cracked screen repairs
Extras: Verizon Tech Coach and extended warranty

 

Verizon Protect (all cost estimates are for an iPhone 11 Pro)

Price: $17 monthly for 1 line, $50 monthly for 3-10 lines (over 3 lines, add $11 for each extra line)
Cracked Screen Deductible: $29 
Other Damage Deductible: $249
Replacement Deductible: $249 for loss or theft claims; $0 for mechanical failure claims
Claims Allowed: 3 per year for 1 line, 9 per year for 3 lines; no limit for cracked screen repairs
Extras: Verizon Tech Coach, extended warranty, and comprehensive security and privacy protection services including a VPN, identity theft monitoring, and unknown number ID

 

The Pros: Unlimited screen repairs for only $29 are a thing of beauty, as are loss and theft coverage (for all options except the extended warranty) and all the security protection perks provided with Verizon Protect. 

The Cons: We’re not fans of the high deductibles across the board for other damage. While the costs may be low for both the extended warranty and Wireless Phone Protection options, they’re only good for either manufacturer issues or ADH claims, respectively.

The Verdict: With a winning combination of affordable costs and comprehensive coverage, we recommend going with either Total Mobile Protection or Verizon Protect. It’s just a matter of deciding whether you want to fork over the extra bucks for some helpful extras. 


Third-Party Insurance Plans

Not sold yet? Consider looking into a device protection plan offered by an independent provider. No matter your provider or phone, these mobile insurance plans may be just what you’re looking for. 

 

Geek Squad  Geek Squad phone insurance plans

If you buy your smartphones from Best Buy, check out one of the cell phone insurance plans provided by Geek Squad. While they don’t come with any extras, they have you covered when it comes to accidental damage from handling, battery replacements, mechanical issues, and normal wear and tear. 

 

Geek Squad Protection (all cost estimates are for an iPhone 11 Pro)

Price: $8.99 monthly  Out-of-Warranty Costs
Cracked Screen Deductible: $199.99 $329
Other Damage Deductible: $199.99 $549
Replacement Deductible: $199.99 for ADH and mechanical failure claims
Claims Allowed: 3 per 24 months
Extras: n/a

 

Geek Squad Complete Protection (all cost estimates are for an iPhone 11 Pro)

Price: $10.99 monthly  Out-of-Warranty Costs
Cracked Screen Deductible: $199.99 $329
Other Damage Deductible: $199.99 $549
Replacement Deductible: $199.99 for ADH and mechanical failure claims, $249.99 for loss/theft 
Claims Allowed: 3 per 24 months for ADH and mechanical issues, 2 per 12 months for loss/theft
Extras: n/a

 

The Pros: Cheap and cheerful prices are a decent tradeoff for adequate ADH and manufacturer defect coverage. Plus, we appreciate the two additional claims allowed to cover loss and theft with Geek Squad Complete Protection. 

The Cons: Holy high deductibles, Batman! $200 is a steep price to pay for a cracked phone screen. 

The Verdict: If all you’re looking for is minimal coverage at a low price you’re ok with paying big deductibles, Geek Squad’s phone insurance is a passable option. But if you drop your smartphone a ton, we recommend looking elsewhere. 


SquareTrade  SquareTrade phone insurance plans

Backed by Allstate, SquareTrade is ready to protect your phone whether it’s old or new, iPhone or Galaxy, purchased or leased, on Verizon or Cricket Wireless. Each option is paid monthly, can be canceled whenever it makes you happy, and transfers over if you upgrade or switch carriers. Repairs take place at home, through the mail, at your local repair shop, or even at the Genius Bar (don’t worry, you’ll be reimbursed after). 

 

Phone Protection (all cost estimates are for an iPhone 11 Pro)

Price: $8.99 monthly for 1 line, $19.99 monthly for up to 4 lines
Cracked Screen Deductible: $149
Other Damage Deductible: $149
Replacement Deductible: $149 for ADH or mechanical failure claims
Claims Allowed: 4 for 1 line, 8 per 12 months for 4 lines
Extras: n/a

 

Phone Protection Plus (all cost estimates are for an iPhone 11 Pro)

Price: $12.99 monthly for 1 line, $24.99 monthly for up to 4 lines
Cracked Screen Deductible: $149
Other Damage Deductible: $149
Replacement Deductible: $149 for ADH or mechanical failure claims
Claims Allowed: 4 for 1 line, 8 per 12 months for 4 lines
Extras: Premium Tech Support, identity theft recovery, monitoring and protection of digital identity, and one Allstate Roadside Assistance service annually

 

The Pros: SquareTrade will cover your smartphone no matter when you bought it, where you bought it from, or what condition it’s in. Including one Allstate Roadside Assistance service yearly is a nice little addition to the Phone Protection Plus plan. 

The Cons: While moderately priced deductibles are great, we really wish that SquareTrade incorporated loss and theft protection into its offerings. 

The Verdict: If your phone isn’t the newest or you purchased it from a non-traditional vendor, SquareTrade phone insurance is a worthy alternative to the usual device protection plans. It’s also a wonderful deal for families as compared to other group mobile insurance options on the market, clocking in at almost half the price of competitors. 


Upsie  Upsie device protection plan

Launched in 2014, Upsie is another cell phone insurance alternative. Although Upsie doesn’t cover theft or loss, it hits all the marks for accidental damage and mechanical failures. Although there isn’t as much wiggle room as SquareTrade, you can opt into Upsie coverage up to 120 days after buying your device. 

 

Smartphone Protection Plan (all cost estimates are for an iPhone 11 Pro)

Price: $159.99 for a 2-year plan
Cracked Screen Deductible: $99
Other Damage Deductible: $99
Replacement Deductible: $99
Claims Allowed: Unlimited! — up to the purchase value of your smartphone
Extras: n/a

 

The Pros: Upsie is reasonably priced across the board, from the cost of the plan down to the deductibles. And to top it off, you’re not limited to a certain number of claims. 

The Cons: If you’re prone to misplacing your phone or are planning on traveling a lot, the lack of loss and theft coverage could be a problem. Additionally, we did some digging into their reviews online and it appears to be a bit of a mixed bag in terms of customer service.

The Verdict: If you want to step away from the big brands, Upsie could be a worthy alternative. Offering accidental coverage and an extended warranty free of frills, it’s a decent, outside-the-box choice — if you’re ok with rolling the dice with Upsie’s customer service. 


No Insurance? Buying a New Phone Soon? 

We’ll Buy Your Old, Broken Phone

If you’re reading this, chances are that you are: preparing to buy a new phone, freaking out over saying “no thanks” to an extended warranty offer, or are frantically searching the internet for advice because you dropped your uninsured phone and need to know how to save your wallet from out-of-warranty repair costs. Whatever your reasons, we are here to help

 

Planning on buying a new smartphone soon and curious about your options? 

GadgetGone will take your old iPhone or Android phone off your hands and put cash into your pocket in as little as two business days. Remember our iPhone 11 Pro example? In fair condition and with 512 GB of storage, that phone will nab you as much as $690 (at the time of writing). Once the funds hit your account, use them to help pay for your next phone or to cover the costs of your new device’s protection plan. 

 

Wondering if you messed up by skipping the cell phone insurance when buying your new device?

Just relax — most cell phone insurance providers give you 30 days to decide (60 days for all you lucky iPhone/AppleCare+ folks). If you’re past that window, then SquareTrade or Upsie will have your back. And if you’re still holding onto your old phone, sell it to GadgetGone and use the cash to cure your non-buyer’s remorse. Cracked screen or shattered back glass? No worries, that’s worth a cool $450 (for our hypothetical iPhone 11 Pro), enough to pay for that phone insurance and still have some Starbucks money left over. 

 

Freaking out because you dropped your uninsured phone and cracked the camera lens?

All is not lost. Paying out-of-warranty service fees to have it fixed might cost you an arm and a leg. Or, you could sell your busted phone to GadgetGone and use the profits ($390 for a damaged iPhone 11 Pro) to buy yourself a shiny, new (and insured) phone.

 

 

Ready to See How Much Your Old Phone Is Worth?

Get an Offer


Some Final Phone Insurance Considerations

We hope we’ve helped to shed some light on all the different factors to consider when choosing a cell phone insurance provider (and given you some ideas about what to do with your old phone). Here are some final things to keep in mind when buying a device protection plan:

You don’t have to make a choice right away. Although a salesperson might make you feel like the register is the point of no return for opting into cell phone insurance, most providers let you add it on until at least 30 days after device activation. So, feel free to weigh your options away from the cash register and take time deciding what plan is best for you. 

If you want to go with a device protection plan provided by your cell phone carrier but you’re outside the normal 30-day window, no need to worry. Look into plans that allow you to BYOD, or bring your own device, and keep an eye out for open enrollment periods. 

If you file a claim and the damage is too extensive for repair, remember that the replacement phone you will receive is often a refurbished phone of comparable quality and kind. There is no guarantee you will get a brand new device. 

If you need a replacement, don’t forget to send in your original phone or else risk being charged a fee according to the value of the phone. 

And finally, most plans don’t cover damages caused by abuse, misuse, intent, Acts of God, or repairs from unauthorized providers. In short, be sure to treat your phone with all the care your $1,000 investment deserves.