Is Phone Insurance Worth It?

Phone insurance promises protection against loss or damage, but the cost can outweigh the perks. Let’s weigh it.

Cost vs. Benefit: Plans run $10-$20 monthly—$120-$240 yearly. For a $500 phone, that’s steep if you never claim. Coverage: Theft and accidental damage are typical, but exclusions (lost phones, wear) vary—read the fine print. Excess Fees: Claims often add $50-$100, shrinking your payout. Choice says insurance suits high-risk users (clumsy folks, travelers).

For older phones, it’s rarely worth it—premiums exceed resale value. A $200 phone with a $150 yearly plan? Better to self-insure (save the cash). Expired insurance? Consign with Fixsellr—we repair and sell, giving you 85% of the profit ($212.50 from a $300 sale with $50 repairs).

Considerations:

• New, pricey phones might justify it.
• Check warranty overlap—don’t double-pay.
• Compare to consignment returns.

Insurance can make sense, but consignment often beats it for older devices.