Best iPhone insurance: AppleCare alternatives

iPhone isurance

Which iPhone insurance should you buy, if any? We take you through the best iPhone insurance types to help you decide.

Your iPhone is expensive. New models start at around $700 and the most expensive models can cost twice that. Something so small, full of so much important information, is a big concern for loss, theft, or just severe damage.

We recommend using a case or at least a screen protector (broke screens are the most common severe iPhone damage) and making sure your iPhone is secure with a passcode and two-factor authentication on your Apple ID. But even so, accidents happen, and an insurance plan can help take the sting out of the prospect of repairing or replacing it.

While Apple’s own AppleCare+ coverage seems like the obvious choice for insuring your iPhone, there are other options. Nearly every major carrier will insure your iPhone for a price, and some third-party companies offer plans, too.

U.S. AppleCare+ alternatives

If you didn’t buy your iPhone from your carrier, you may not be eligible for insurance through it. But there are stand-alone services out there, some of which offer multi-device coverage that could be a good choice for those looking to insure a phone, laptop, tablet, or other portable electronic gear.

SquareTrade: This AllState company will insure one phone for $9 a month, any make or model, old or new, and a $20/mo family plan covers four devices. Coverage follows you, not your phone, so you don’t have to re-apply when you get a new iPhone. You’ll pay a $149 deductible for repairs. It doesn’t cover loss or theft, though.

Asurion:

Asurion covers damage as well as loss and theft, but they partner with carriers—Verizon, AT&T, Cricket, and US Cellular. You’re typically only eligible to enroll within 30 days of buying a new iPhone or upgrading. The deductibles can be low while the rates are a little higher than average, but it all depends on your carrier and iPhone model.

AKKO: Phone insurance varies by model, from $5-$12 per month. But you can cover one phone and up to 25 other items (laptops, tablets, cameras, game consoles, and more) for $15 a month. The limit of $2,000 per claim won’t fully cover replacing a high-end MacBook or Mac Studio, but it helps. Deductibles are $29-$99, depending on the claim, and loss/theft is covered too.

Progressive: Progressive offers phone and electronic device coverage, and it covers loss, theft, and accidental damage, with no limit on the number of claims. The cost varies from about $7 a month for a less expensive iPhone with two years of coverage paid upfront, to around $12 for monthly payments on a more expensive iPhone. The deductible is $75.

Lori: Lori offers four tiers of coverage, from Starter to Spoil Me, ranging from about $7-$15 a month depending on your iPhone model. The deductible is $49 for screen repairs ($29 on the Spoil Me plan tier) and can be over $200 for a full iPhone replacement due to loss or theft. (If you have Geico insurance, they offer device coverage in partnership with Lori.)

U.K. AppleCare+ alternatives

In the UK, several vendors offer affordable and flexible packages that protect your smartphone, tablet, and PC kit like Apple does.

Protect Your Bubble: Costs £6.99 per month to insure an iPhone 13, but charges up to £100 excess in the case of damage or theft.

Gadget Cover: Costs £6.45 per month for an iPhone 13, with a £100 excess for loss or theft.

Simple Insurance: Allows you to pay upfront for the coverage and in some cases make savings. We were quoted £214.95 for a three-year plan on an iPhone 13, which breaks down to around £5.97 a month. Not much by way of a price drop, but if you have the cash now it can mean you’re not tied down to a monthly payment for the next 36 months.

Insuring older handsets can be problematic; some insurers may require that you have bought the handset new in the past so many months (likely 6 or 18). Make sure to check the full terms and conditions. Also remember that policies with lower monthly costs often see excesses rise up to more than £100, which may not be worth it if the value of your iPhone is on the lower end.

iPhone insurance : AppleCare+ U.S. carrier alternatives

Most major phone carriers offer extended warranties and insurance that can greatly reduce the price of a screen repair or battery replacement, or other accidental damage. They may even cover loss and theft. There’s always fine print, though: many plans are only for those who buy the phone through the carrier (if you bring your own iPhone you’re out of luck) and have to be enrolled within the first month or two.

Verizon: Verizon’s coverage is through a partnership with Ausurion (see above). Pricing varies by phone model, and family plans are available. The $29 fee for screen repair is a good deal if you (or your family) is prone to dropping their iPhone a lot.

AT&T: AT&T’s Protect Advantage plan is $14-$17 a month depending on your iPhone model, with a $29 deductible for screen repairs and a higher deductible for other repairs or replacements (it varies depending on model). It covers loss and theft, and accidental damage (up to two claims).

T-Mobile: T-Mobile’s enhanced protection plan is called Protection <360>. It allows up to 5 claims per year, and offers $29 screen repairs, but deductibles for other repairs or replacement are higher–typically around $99 for accidental damage and $249 for a full replacement due to loss or theft. The monthly payments are around $18 for most iPhones.

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