Mobile Phone Insurance
There are a variety of places where you can get mobile phone insurance from. To begin with, virtually all mobile phone networks have their own mobile phone insurance policies. In addition, most high-street banks provide free phone insurance to those who have one of their premium current accounts. Furthermore, if none of these options appeal to you, there are plenty of cheap insurance brokers online that offer mobile phone insurance.
While this abundance of choice is good as it encourages insurance brokers to offer better rates, it can often be difficult to determine which insurance policy is best for you. At TechStarDeals we have put together a helpful guide to highlight things to look out for when comparing mobile insurance deals, an outline of how to get the best deal and a table that highlights some of the cheapest mobile phone insurance policies out there.
How to Get Cheap Mobile Phone Insurance
The first thing that you should do before looking at the different types of mobile phone insurance available is to find out if your mobile phone is already covered elsewhere. There is no point paying for something that you already have.
If you have a home insurance policy that includes personal possessions cover, the chances are that your phone is already covered. In addition, personal possessions insurance is significantly cheaper than taking out a mobile phone insurance policy as it usually costs only £20 a year to add personal possessions insurance to your existing home insurance policy.
In addition, it is worth checking if your mobile phone is already covered by your bank account. Indeed, many premier bank accounts include gadget insurance as part of their incentive package.
If you are not already covered, the internet is truly your best source for finding cheap mobile phone insurance deals. There are a number of comparison sites that allow you to select your desired excess and model of phone and return a number of suitable insurance options.
Things to Remember
- Make sure that you are clear on what the mobile phone insurance contract does and does not cover. This will avoid any nasty surprises later on. Common exclusions include, but are not limited to, water damage, carelessness and theft without force.
- When comparing the various insurance deals out there take it is important that you compare both the insurance premiums and the excess. If you are someone who has a track record of breaking phones, picking a contract with a high excess fee seems counterintuitive.
- As well as taking out insurance, there are a number of steps that you can take yourself to help protect your mobile phone. Such steps include: backing up all you data on a computer and purchasing a case and screen protector to further reinforce the phone.
- If it is important that you get your phone replaced or repaired super-quick, you are better off taking out an insurance policy with your network provider.
- Insurance premiums and excesses vary according to the type of phone you have. So while an insurance broker may boast mobile phone insurance policies starting from £1.50 a month, if you have an expensive smartphone, the chances are you will be paying a lot more than that!
- If you are looking to ensure a number of phones, look out for multi-phone insurance policies which offer discounts based on how many phones you insure with them. Not only will this save you money, but it will also make it easier for you to manage your bills.
Top Mobile Phone Insurance Brokers
|Provider||Cheapest Monthly Cost||Maximum Cover||iPhone Insurance Policy?||Multi Phone Policy?|
|Protect Your Bubble||£1.49||£1,000||Yes||Yes|
|Insure My Pocket||£6||£750||Yes||No|
|Insure My Mobile Phone||£3.95||£750||Yes||Yes|
Top Banks For Mobile Phone Insurance
|Bank||Type Of Account||Maximum Cover||Cost of Account||Excess|
|NatWest||Silver Select||Unlimited||£120/ Year||£75|
|Barclays||Tech Pack||£2,000||£90/ Year||£50 (£100 iPhone)|
|Lloyds TSB||Silver||£2000||£119||£50 (£100 iPhone)|