Please note that the prices and coverage details may vary based on the specific model of the phone and the location of the user. Always check the latest details on the provider’s website.

AKKO: Affordable and Unique Cellphone Insurance

Established in 2019, AKKO is a relatively new player in the cellphone insurance market. Despite its recent entry, it has managed to garner significant attention for its consistently affordable insurance plans. With coverage options starting as low as $5 a month for those who pay annually, AKKO has positioned itself as one of the best providers for budget-conscious consumers.

One of the unique aspects of AKKO is its approach to managing claims. Unlike other insurance providers that automatically provide a replacement device, AKKO offers customers cash based on the replacement value of the device, minus the deductible. If a phone repair is needed, AKKO either sends the cash value of the repairs or pays an AKKO partner repair shop directly.

AKKO’s Plans

AKKO offers two distinct 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)
• Theft and vandalism
• Damages resulting from natural disasters (e.g., fire, flood, etc.)

The Everything Protected plan extends coverage to up to 25 other electrical items, including tablets, laptops, and video games that belong to the policyholder.

Plans & Pricing

The 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 Choose AKKO?

AKKO’s unique approach to cellphone insurance allows policyholders to take advantage of some of the lowest premiums in the industry, making it the best provider for cellphone owners on a budget.

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

SquareTrade: The Affordable Cellphone Insurance for the Whole Family

Overview

Backed by Allstate, SquareTrade 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. These factors combined make SquareTrade our top choice for cellphone insurance that can cover the whole family.

SquareTrade insurance covers all cellphone makes and models, regardless of carrier or age. The plans cover a variety of issues, including:

• Cracked screens
• Touchscreen failures
• Liquid damage
• Speaker/audio failure
• Battery failure
• Charging port failure

Coverage includes on-premise repairs (e.g., in the home, office, a coffee shop, etc.), same-day repairs, and repairs made at a local repair shop. Alternatively, 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 for $12.99 per month that adds additional benefits like premium tech support, Allstate Roadside Assistance, and identity theft recovery.

Why Choose SquareTrade?

SquareTrade’s affordable rates, multi-device policies, and higher annual claim allowances make this provider the best option for families.

Pros

• Coverage for all phones regardless of make, model, or age
• Four to eight claims allowed per year
• Competitive rates for family plan

Cons

• Not mentioned

AppleCare+: The Best Insurance Option for iPhone Users

Overview

A new iPhone can easily cost close to $1,000, making insurance a smart investment. While most cellphone insurance providers will 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 from $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 Choose AppleCare+?

AppleCare+ provides affordable coverage that is specific to iPhone and other Apple devices, making it the best option for iPhone users.

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

Samsung Care+: The Best Insurance Option for Samsung Users

Overview

As a leader in cellphone technology, it’s no surprise that Samsung also offers an insurance product to cover its phones. Samsung Care+, much like AppleCare+, 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 $16 per month for a 36-month term. The standalone Samsung Care+ plan costs $3 to $11 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 Choose Samsung Care+?

Samsung Care+ offers expert support and a $0 service fee for mechanical breakdowns, making it a great option for Samsung phone owners.

Pros

• Expert Samsung support
• Theft and loss policy options
• $0 service fee for mechanical breakdown claims

Cons

• Not mentioned

Asurion: Affordable and Comprehensive Coverage for Your Cellphone

Overview

Many cellphone providers, including Verizon, AT&T, and USCellular, allow customers to add insurance to their monthly bill. These customers have direct access to Asurion’s coverage. Known for its affordability, easy claims process, and customer satisfaction, Asurion stands out in the market.

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.

• Deductible: $29 to $499
• Average monthly premium: $12 to $15 per month (single device), $45 per month (multiple devices)
• Available policies: Single device, multiple devices

Why Choose Asurion?

We chose Asurion for our list because of its affordable and comprehensive coverage and easy claim process.

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

Progressive: Highly Customizable Coverage for Your Devices

Overview

Widely known for its homeowners and auto policies, Progressive also offers a device protection plan that covers smartphones, laptops, tablets, gaming systems, and more. The coverage is highly customizable and offers affordable multi-device plans, making 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. However, 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 when 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.

Why Choose Progressive?

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

• Multi-device plans
• Customizable coverage
• Discount for Progressive customers

Cons

• Full payment required for two- and three-year policies
• Does not cover manufacturer defects