Home » 10 Best Mobile Insurance Companies In 2022 – Techlion

10 Best Mobile Insurance Companies In 2022 – Techlion

by Julia

Unexpected cellphone repairs or replacements can cost hundreds of dollars, but the right Mobile Insurance policy can help make them more affordable. When people buy Mobile Insurance, they pay a premium, which is usually between $5 and $20 per month. If their phone gets damaged, lost, or stolen, they pay a deductible and can fix or replace it for a fraction of its market value.

Many Mobile Insurance policies provide comparable coverage, but it is critical to thoroughly research each provider and policy before making a decision. The best policies are inexpensive and have low deductibles, making it simple to file a claim. Other factors to consider when choosing a provider include bundling discounts, multi-device options, and customer reviews.

10 Best Mobile Insurance Companies In 2022

Continue reading to find out which provider best Mobile Insurance providers meets your requirements.

#1. Samsung Care+

Mobile Insurance

Samsung is responsible for some of the best Android phones we see every year, but they are just as prone to accidents as any other phone. Third-party programs such as SquareTrade and AKKO can cover Galaxy handsets, and while these are both excellent options, you should also strongly consider Samsung Care+.

This is a Mobile Insurance program available only for Samsung Galaxy devices, and there’s a lot to like about it. Samsung repairs screens for $29, provides an extended warranty after the initial 12-month manufacturer’s warranty expires and protects you from things like drops and liquid spills. In terms of how many claims you can make per year, Samsung Care+ allows for three.

Aside from all of that accident coverage, Samsung Care+ also provides you with a 24/7 customer support line if you need assistance with virtually anything on your phone. From data transfers to troubleshooting to general tips and tricks, you can get help from a Samsung expert at any time.

#2. Google Preferred Care

Mobile Insurance

In terms of first-party Mobile Insurance options, consider Google Preferred Care. Google Preferred Care, like Samsung Care+, is insurance that is only available for Pixel phones. Here are some of the reasons why it might be a good fit for you.

Google Preferred Care waives monthly fees in exchange for one-time payments. The pricing is as follows:

  • The Pixel 4a costs $99 per unit.
  • The Pixel 4a 5G is priced at $99 per unit.
  • The Pixel 5 is priced at $149 per unit.

Google Preferred Care protects you against a wide range of potential incidents, such as cracked screens, liquid spills, and other types of accidental damage. Deductibles are handled uniformly regardless of the repair — Pixel 5 owners pay $129 and Pixel 4a/4a 5G owners pay $99 — and you can file up to two claims per coverage term. In terms of claim limits, Google Preferred Care is clearly one of the weaker competitors.

The experience is fairly seamless as long as you aren’t constantly breaking your phone. If you prefer to walk-in, Google has partnered with uBreakiFix to offer $30 service discounts for Pixel 5, 4a, 5G, and 4a owners. If you’re still not sure, Google Preferred Care gives you an extra year of warranty protection!

#3. SquareTrade

Mobile Insurance

First and foremost, we must discuss SquareTrade. SquareTrade is the most well-known name in the cell phone insurance industry, and there’s a good reason for that: it’s a fantastic Mobile Insurance provider.

SquareTrade offers two plans: the Single Plan and the Family Plan. The former costs $8.99 per month for one phone, while the latter costs $19.99 per month for up to four phones. Those are pretty reasonable monthly rates, especially if you take advantage of the family plan. Even better, you can use SquareTrade with almost any phone. SquareTrade will protect it whether it’s new or used, unlocked or tied to a carrier.

#4. AKKO

Mobile Insurance

Whereas SquareTrade is a well-known company that most people are probably familiar with, AKKO is a young start-up based in California that is attempting to outperform SquareTrade at its own game. And guess what? So far, it’s doing an excellent job.

AKKO’s Phone Only plan costs between $6 and $12 per month, depending on the phone, making it potentially more expensive than SquareTrade. Even at the maximum monthly rate of $12, AKKO compensates with excellent coverage terms. Here are the details:

  • Phone damage (deductible of $29-$99)
  • Phone replacement/theft (deductible $75-$99)

The term “phone damage” is fairly broad, but a quick glance at AKKO’s website confirms that you’ll be protected against cracked screens, liquid submersion, accidental damage (a.k.a. drops), and a variety of other potential issues. It’s also nice to see that theft protection is included, because as you may have noticed above, SquareTrade does not provide this. Furthermore, there is no limit to the number of claims you can make per year with AKKO. Each claim/incident is limited to $2,000 in coverage, but whether you need to file one, two, or ten claims in a single year, AKKO will be there for you.

While this roundup is primarily about Mobile Insurance plans, we’d like to highlight the AKKO Plan, which is available alongside the Phone Only one. It costs between $12 and $15 per month and includes all of the above benefits, plus coverage for all of your other electronic devices (up to 25). The AKKO Plan covers everything from a TV to a camera to sports equipment and everything in between.

#5. Verizon Protect

Mobile Insurance

Verizon is the largest wireless provider in the United States, and while its prices aren’t the most affordable, its coverage is among the best. This is also true of the carrier’s Mobile Insurance,  which costs a lot each month but has great protection and features all around.

If you can stomach Verizon Protect’s monthly fee of $17 (or $50 for 3–10 devices), the coverage on offer is truly impressive. Whether your phone is damaged in an accident, stolen, or simply lost, Verizon Protect has your back. You’ll receive an unlimited number of $29 screen repairs, same-day replacement devices, and free battery replacements as needed. Aside from screen repairs, you are entitled to three claims per year for other types of damage.

#6. AppleCare+

Mobile Insurance

Samsung Care+ and Google Preferred Care are excellent options for Android users, but what about iPhone users? This is where AppleCare+ comes in. AppleCare+ is the reason we see first-party insurance programs from Samsung and Google in the first place, and it’s still one of the most robust offerings available in 2021.

The cost of Apple Care+ is determined by the model of iPhone you own, with current rates as follows:

  • iPhone SE — $4 per month or $80 in advance
  • iPhone 8 — $6 per month or $130 in advance
  • iPhone 12, 12, 12 mini, 11, XR, and 8 Plus—$8 per month or $150 upfront.
  • iPhone 12 Pro, iPhone 12 Pro Max, iPhone 11 Pro, iPhone 11 Pro Max, iPhone XS, iPhone XS Max, and iPhone X — $10 per month or $200 in advance

We appreciate that Apple allows you to pay monthly or in one lump sum, giving you the freedom to work within your financial constraints. The coverage provided by AppleCare+ is quite comprehensive.

If you have a broken or cracked screen, you can have it replaced for as little as $29. Other types of unintentional damage will cost you $99 per incident. When it comes to getting your iPhone repaired, Apple provides several options. You can take it to an Apple Store (or an Apple Authorized Service Provider), have someone come to your home or office for screen repairs, or mail it in and get a free replacement device while you wait.

#7. Sprint

Mobile Insurance

One of the best features of Sprint’s insurance plan, Sprint Complete, is the availability of heavily discounted repairs: A cracked screen will cost you only $29, and you can usually get same-day service if you visit a Sprint store for repairs. If you only have a minor problem, you can usually troubleshoot it yourself using Sprint’s self-service portal. In addition, if your device is lost or stolen, you can get a replacement the next day and report the theft on Sprint’s website to expedite your service. Unfortunately, deductibles for anything other than minor damage can be quite high. The amounts range between $50 and nearly $300. Any replacement phone will be covered under a 12-month limited warranty.

#8. AT&T  Protect

Finally, there is the AT&T Protect Advantage. This is Mobile Insurance that is only available to AT&T customers, and it, like Verizon Protect, offers more than just traditional insurance.

AT&T Protect Advantage is available in two tiers: $15 per month for one phone and $40 per month for up to four phones. Both plans include $29 screen repairs, same-day device replacement, unlimited battery replacement, theft/loss protection, and troubleshooting support for a variety of issues (device tune-ups, streaming support, and more). The $15/month plan allows for three claims per year for one device, while the $40/month family plan allows for up to eight claims.

AT&T Protect Advantage includes unlimited photo and video cloud storage, allowing you to store all of your digital memories without having to pay for a service like Google Photos or Dropbox.

#9. Asurion

Mobile Insurance

This is a unique insurance provider because it does not directly provide insurance. Nonetheless, it lists the best plans from major carriers in the United States. Verizon, AT&T, Sprint, T-Mobile, Boost Mobile, Clear, Clear Wire, Metro PCS, nTelos, Time Warner Cable, and Virgin Mobile are among the carriers supported. This can be complicated, especially since carriers also provide standalone mobile insurance plans to their customers. Users can, however, gain access to some exclusive plans if they go through Asurion. Given the variety of plans available from this provider, it’s difficult to recommend one in particular. But it’s clear that Asurion will cover everything, including theft/loss, water damage, and damage from accidents.

Naturally, the benefits you receive will be determined by the plans you select. Asurion emphasizes on its website how simple it is to file a claim via its website or over the phone. So, if you happen to damage your new phone, you can easily file a claim in a matter of minutes. This must be bought within a few weeks of getting your smartphone, just like any other accidental damage protection plan.

#10. Geek Squad

Mobile Insurance

Geek Squad lets you pay for your insurance in monthly installments ($7.99) rather than all at once. You can, however, choose to pay for two years of insurance at once. This particular protection plan is available from Best Buy, and you must purchase it within 15 days of purchasing your smartphone. It covers all necessary claims, such as spills, cracks, mechanical problems, and even battery replacements. The Geek Squad Complete Protection plan, which includes theft and loss coverage as well as the benefits mentioned above, costs $10.99 per month.

For devices under $799.99 and over $799.99, the deductible is $149.99 and $199.99, respectively. While there are some drawbacks, there is no doubt that Geek Squad is another appealing third-party mobile insurance company. What distinguishes it from the competition is that it includes in-house service, which means that the company will pick up your phone right from your doorstep. If you cancel the insurance, the company will not charge you a cancellation fee, which is a big plus if you plan on switching providers. Geek Squad also covers the accessories that come with your smartphone’s original retail packaging.

Frequently Asked Questions

What Is Mobile Insurance?

Mobile Insurance covers various types of damage that may impair or prevent a phone from functioning properly. Though coverage varies depending on the provider and the age and type of phone, many policies include the following:

  • Accidental harm (e.g., drops)
  • Damage from liquids (e.g., spills or submersion)
  • Mechanical problems
  • Theft and, on occasion, loss

How Much Cell Phone Insurance Do I Need?

Cellphone insurance providers frequently base coverage amounts on the make, model, and age of the phone to be insured. If you must determine the value of your policy, it is best to insure your phone for its market value. Even if your phone can’t be fixed, doing this may make it easier to get or buy a similar replacement.

How Much Does Mobile Insurance Cost?

Mobile Insurance costs vary depending on the make, model, and age of the phone, as well as the insurance provider you choose. Most policies cost between $5 and $20 per month, with most falling right in the middle.

Is Mobile Insurance Worth It?

If you frequently damage or lose your phone, or if you can’t afford the upfront cost of repairs or device replacements, phone insurance may be a worthwhile investment. This is especially true for smartphones, which can cost hundreds of dollars to replace. If you’re financing a phone and need to pay off the damaged phone while also purchasing a new one, cell phone insurance may make sense.

Is it possible to insure a used cellphone?

Yes, many insurance companies will insure a used cellphone. However, in some cases, you may need to take additional steps. Customers with AppleCare+, for example, can ensure their iPhones within 60 days of purchase. Customers must then take their phones to an Apple retail location for an inspection before purchasing a policy.

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