Which iPhone insurance should you buy, if any? We talk you through the best iPhone insurance types and help you decide.
Should you buy iPhone insurance? If you’re worried about losing or damaging your iPhone, you’re probably wondering just that. Here, we’ve got expert advice on the best iPhone insurance options and how to find the best iPhone insurance to suit you.
Consider the different types of iPhone insurance cover
Before taking out a policy you need to think about how you use your iPhone, its value and the risks. Most policies will cover for liquid, damage and theft but cheaper packages – starting at around £4 a month – will often only offer theft as optional or leave it out entirely. This might be a deal breaker, say, for those living in dangerous neighbourhoods.
It’s also worthwhile considering adds-on like worldwide cover, the need for a replacement service (some insurers take longer than others) and the amount you’re willing to pay.
Best iPhone insurance 2016/2017: Weigh up risk versus price
As part of this consideration, you need to weigh up the cost against the likelihood of needing to take out a claim. Figures from SIM-only operator GiffGaff showed that 80 percent of smartphone policy holders never take out a claim.
But remember that price isn’t just the monthly direct debit but also the excess which you’ll fork out in the event of an accident. For example, a policy from Protect Your Bubble costs £7.99 a month but charges just £50 for excess. More affordable policies see excesses rise up to near £100, and offer maximum cover as low as £450.
Best iPhone insurance 2016/2017: Look at multi-policy
You’ll often get a cheaper policy if you protect your iPhone in a multi-device policy. Vendors like Protect Your Bubble and Gadget Cover offer affordable – and flexible – packages which protect your smartphone, tablet and PC.
Best iPhone insurance 2016/2017: Think outside the box
Think outside the box on who offers phone insurance. UK banks Barclays, Halifax, Nationwide, and NatWest offer insurance, for example.
Some of these banks will cover two iPhones on joint bank accounts but beware – policies and the level of protection will vary
Your mobile network might offer phone insurance too. EE, O2 and Vodafone each offer instant phone replacement insurance, for example.