Mobile Phone Insurance

Expensive Mobile Phone Insurance -Don’t Settle For It

There is another way, and that is to carry out a mobile phone insurance comparison for yourself.

We have made it quick and easy for you. Simply make use of the comparison table above to check if there is a better deal available for you and your mobile phone.

Nine times out of ten you will find that an insurance provider that is independent from your phone network will be able to reduce your insurance premium, saving you money month after month.

Not All Mobile Phone Insurance Is Expensive:

As with any insurance product, always read the terms and conditions before you purchase a product to make sure it meets your requirements.

Mobile phones are getting more and more expensive as time goes on, so for a family of 5 who all carry a smartphone in their pockets, we are talking quite a bit of value. It would not be unreasonable to suggest this family of 5 is walking around with over £1800 worth electronic gadgets.

Now think back ten years ago, would a family ever go on their weekly food shop carrying this kind of value with them? Or would they have gone on holiday to a foreign country and all carry a share of this £1800 in their hands?

So it’s clear to see times have changed, it’s perfectly normal to go about your daily business carrying £300-400 worth of mobile phone in your hands, but is it normal to have this mobile phone insured to protect yourself financially from accidently dropping it into a drink, or having is stolen straight out of your hands as you were typing a text message to a friend?

As the value of the average mobile phone increases, more and more people are turning to a standalone mobile phone insurance product to protect their beloved handset from life’s everyday threat to these hi tech little gadgets.

However, mobile phone insurance can come at quite a price, especially to a family of 5. Let’s take this fictional family of 5 and for examples sake, assume the average contract price was £27.50 per phone per month, with an average network provider’s insurance price of £5.99 per phone, based on a phone replacement cost of £350. Mobile phones are costing the fictional family 167.45 per month (including insurance) with almost 22% of this cost going towards insurance.

Try a Mobile Phone Insurance Comparison

Want to reduce your handset insurance costs? It is really quite easy to reduce insurance costs by shopping around, your network provider or retail phone supplier will charge you a higher price than compared to an independent insurance provider. For example, at the time of this article being published we compared mobile phone insurance on the internet and found equivalent insurance for £4.99 per month. There was also the option to decline loss cover, which would reduce the monthly fee down too just £3.99 per month.

This would reduce the annual insurance cost down to £24.95 per month, or £19.95 per month if the ‘without loss’ option was accepted.

Almost everybody has a cell phone these days, and often people have more than one. It’s very common today for people to have a work phone exclusively, along with one that they have for personal use. While the work phone is paid for, it’s the one for personal use that everyone gets excited about. Technology moves so quickly, it seems every few months a hot new phone is launched and everyone to want to get their hands on one.

Over time, the average retail price of handsets have crept higher, because consumers are willing to pay more for advanced features on a handset, along with the fact the phone networks have been increasing the length of their contracts.

This is one of the reasons why mobile phone insurance is more widely used now, when compared to five years ago.

It is not unusual today for almost all handsets to have a built-in multi pixel camera to take high quality photographs with. Almost as popular now is the capability to record video too, and store MP3 and MP4 files on the device as well, along with surfing the web. Rising popularity and ubiquitous slide out keyboards, made famous by T-Mobile side kick handset.

Something many phone users do not seem to consider when they buy a phone is mobile phone insurance and what that covers. This is usually an afterthought and is possibly considered to add any other costs that match the bill every month. In fact, this should probably be the first thing you consider when buying a phone.

Most people don’t even think about insurance, because the purchase cost of the phone is largely subsidised in the UK by the network providers. So it is not uncommon for someone to have a £650 phone with no upfront purchase fee, just the commitment to a 1 or two years contract.

However, if in the future you dropped the phone and broke it, you would not get much sympathy from your handset supplier and you can be quite sure you will not get a replacement, unless you paid the full retail value for the handset.

Having said that, do not feel obliged to accept the phone insurance offered by your phone supplier, it will probably be more expensive than independent insurance providers. You can compare mobile phone insurance at the top of this page in our comparison area if you want to.

If you were looking to insure your Apple iPhone, you might like to checkout our iPhone insurance comparison site, where you can compare iPhone 4 insurance for your state of the art handset.

Mobile Resources
Last updated September 25th, 2011.  The UK Mobile Phone Insurance Comparison Website.