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Top 5 smartphone insurance companies

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  • 7 min read

Smartphones have become a crucial part of people’s lives. They serve not only as tools for communication but also as storage for valuable information and cherished memories. Ensuring the safety of these devices from accidents, theft, or damage is of utmost importance. That’s where smartphone insurance comes in.

To help you choose the best insurance for your smartphone, we have listed the top five smartphone insurance companies.

Also read: Top 5 gadgets to help you sleep better


Price: $8.99/month for a single device and $19.99/month.

Deductible: $149 for every claim.

SquareTrade, which Allstate supports, is known for offering affordable phone insurance plans. They provide multi-device plans at a reasonable cost and allow more claims than many other insurance companies. This makes SquareTrade a great choice for families looking to insure all their phones.

SquareTrade’s insurance covers all types of phones, regardless of the brand or age. Their plans include protection for things like cracked screens, touchscreen issues, water damage, speaker or audio problems, battery failures, and issues with the charging port.

What’s great is that SquareTrade offers different repair options. You can get your phone fixed at your location (like at home or work) on the same day, or you can take it to a local repair shop. If you prefer, you can also mail in your phone for repairs, which usually takes two to five days.

Unlike many phone insurance providers that often limit you to two claims per year, SquareTrade allows you to make up to four claims per year for each device on the plan. If you have a family plan, you can even make up to eight claims per year, which can be very handy for families with several devices, both phones and other types.


Price: $5-$12/month for a single phone and $15/month for everything protected plan.

Deductible: $29-$99 for every claim.

AKKO started its journey in 2019, which makes it a relatively new player in the field. However, it has gained recognition for consistently offering budget-friendly phone insurance plans. Their coverage options begin at just $5/month for those who opt for annual payments, making AKKO an excellent choice for people watching their expenses.

What distinguishes AKKO from other insurance providers is how they handle claims. Instead of automatically replacing your device, AKKO offers cash based on the device’s replacement value minus the deductible. If you need a phone repair, AKKO will either provide the cash value for the repairs or pay a partner repair shop directly.

AKKO provides two primary plans: The Phone Only plan and the Everything Protected plan. Both plans offer fundamental phone protection, covering issues like cracked screens, liquid damage, accidental damage (such as drops), theft, vandalism, and damages resulting from natural disasters (like fires, floods, etc.).

AKKO’s Everything Protected plan extends coverage to include up to 25 other electronic items. This can include tablets, laptops, and video game devices belonging to the policyholder.

Also read: Is Akko legit? Is its smartphone insurance good?


Price: $12-$15/month for a single device and $45/month for multiple devices.

Deductible: $29-499 for every claim.

Many phone companies offer insurance that you can add to your monthly bill. Big names like Verizon, AT&T, and USCellular have a special connection to Asurion’s coverage. This insurance doesn’t cost much, and most people find it pretty easy to use and are happy with the help they get.

With Asurion, you’re protected if your phone gets lost, stolen, or broken (like a cracked screen or water damage). It also covers problems that might pop up over time, like if your phone stops working because of regular use, such as dust getting inside or issues from heat and humidity.

When something goes wrong, you can quickly tell Asurion using their website. In most cases, they’ll send you a replacement phone in just one day. But not all problems need a whole new phone. If your screen’s cracked or you’d rather talk to a tech expert, visit one of over 700 Asurion Tech Repair & Solutions or uBreakiFix stores. Plus, you can even ask for a technician to come to your home or office. With all these options, it’s easy to find the one that suits you best.


Price: $3.99-$13.99/month

Deductible: $29-$149 for every claim.

Apple offers AppleCare+, a service designed especially for iPhone users. It not only protects your phone but also provides ongoing support from experts who understand Apple devices, including their hardware, operating system, and unique apps.

AppleCare has two main plans: AppleCare+ and AppleCare+ with Theft and Loss. Both plans cover unlimited incidents of accidental damage each year and include protection for a battery that drops to 80% capacity or less. If you choose AppleCare+ with Theft and Loss, you also get coverage for two incidents of theft or loss every 12 months.

When you have AppleCare+, you gain 24/7 priority access to Apple experts via phone or chat. Plus, you can use onsite services like screen repairs, express replacements, and mail-in repairs with prepaid shipping. If you prefer in-person help, you can visit any Apple Store or an Apple Authorised service provider for repairs and troubleshooting.

If you’re thinking about getting AppleCare+, it’s best to add it within 60 days of buying your iPhone. If you miss this window, you may need to visit an Apple Store to get it added.

Samsung Care+

Price: $3-$16/month

Deductible: Up to $199 for every claim.

Samsung, known for its advancements in phone technology, offers insurance for its phones. Just like AppleCare+, Samsung Care+ taps into the skills of Samsung’s technicians to give Samsung users access to affordable and dependable repairs. This makes Samsung Care+ the top choice for Samsung users.

Samsung Care+ shields against accidental damage, liquid spills, and screen cracks. It also extends protection beyond the initial 12-month manufacturer warranty, guarding against mechanical issues. For those concerned about theft or loss, the Samsung Care+ Theft and Loss plan covers up to three incidents within a year.

What’s more, Samsung Care+ customers enjoy round-the-clock support, and when repairs are needed, they can be confident that their phone will be fixed by a Samsung expert using genuine Samsung parts. This ensures that your Samsung phone stays in good hands.

Also read: Top 5 websites to buy pre-owned phones in Australia


Akash Singh

Akash is a law graduate who likes to go for bike rides on the weekends soul-searching for answers to his many existential questions. You can contact him here: