Getting iPhone insurance is generally seen as a wise precaution, but if you need a little more convincing as to why this makes sense from a financial perspective, here is a quick rundown of the comparative costs of protecting your Apple handset with a policy or paying to have it repaired after an accident.
The most common type of damage to mobile phones of all kinds is a smashed, scratched, chipped or otherwise broken display. This is more likely than ever with the iPhone Xr, which has a gorgeous and expansive display. The iPhone X and Xs are similarly susceptible to having their screens compromised or destroyed in some way, so how much will repairs cost?
If you opt for Apple’s official services, a screen replacement for the iPhone Xr is priced at just under £197 in the UK at the moment. For the iPhone X and Xs, this cost jumps to around £283, meaning you would be left seriously out of pocket in a screen damage scenario.
Conversely, with gadget insurance for your iPhone from Gadget Buddy costing as little as £4.85 a month, you can ensure that the majority of these repair costs are covered, other than any applicable excess fee in the event that you need to make a claim.
Whilst it can be a pain to break the screen of your Apple iPhone, it is worth noting that compared to some of the other types of repair, the costs are relatively modest.
If you need any other type of damage fixed by Apple and you own an iPhone Xs or a first generation X, you will need to hand over a full £546.44 for the privilege. The iPhone Xr is a little more affordable at £396.44 all-in for repairs, although this remains a prohibitive sum for the majority of iPhone owners.
Once again, an insurance policy starting from below £5 per month will generally keep you protected from such steep upfront repair costs, allowing you to mitigate the risks with a monthly or annual policy and spare yourself from the sudden sting of a big repair bill.
It is worth noting that mobile phone insurance will not only cover your Apple handset for accidental damage, but also for any faults which develop outside of the manufacturer’s warranty period. This is important for several reasons, not least because issues with integral components can arise at any time and might leave you high and dry if you are still committed to a pay-monthly contract with a provider when your device starts to fail.
In deciding whether or not to insure your iPhone, you simply need to look at the balance between the cost of cover and the official pricing for repairs. And if you are worried about losing your phone, having to pay up to £1000 or more to replace it is a serious risk which can be addressed by including loss cover with your phone insurance.