Mobile Phone Insurance Comparison

When choosing mobile phone insurance, it can be difficult to decide which insurance is right for you. You may already have been made aware that you can insure your phone through your home or contents insurance, your bank, through your mobile network or directly through a pure play provider. However, some of these insurers offer varying levels of cover, with some excluding certain insurance cover, like accessory cover or if you damage your phone outside of your home.

To help you make an informed decision, we will compare mobile phone insurance from four different types of provider and take a look at what you get for your cover.

10% discount - when you insure more than one device


Unlimited claims


In-house customer service team


12-month warranty on replacements

Bank accounts

If you take out mobile phone insurance with your bank, it will usually be as freebie that has been offered to you by being a packaged premium account customer. This could cost you £15 or more per month, as opposed to around £7 per month that you could be paying with stand-alone phone insurance. Bank phone insurance may require you to pay large excess fees, that can be up to £100 per claim, whereas many specialist mobile phone insurance providers will have much small excesses. Most banks that offer phone insurance, including Barclays, Halifax and Lloyds have a limit on the amount of claims you can make, which is usually around 2 per 12-month period.

phone insurance with bank account home insurance

Home Insurance

Mobile phones and other gadgets are only covered under home insurance if the theft or damage happens within your property itself, such as in a house fire, flood or burglary. This means that if you drop your device, lose it or it gets stolen outside of your house, it may not be covered in your policy. Stand-alone mobile phone insurance plans will protect your gadgets wherever you are. Under home insurance, you do have the option to cover your personal possessions, so that they are protected outside your property, however it will cost you an additional £25-35 on top of your annual premium.

If you do have to claim on your home insurance for your mobile phone, your no-claims bonus will be affected, you may have to pay a high excess and an increased premium each month. Generally, these types of claims on home insurance also take a longer time to be processed, whereas some specialist mobile phone insurance companies can provide a next-day replacement device, and at the very most, within a couple of days.

Mobile Network Insurance

When you purchase a phone from a network provider, they will usually ask you whether you would like to insure it there and then. For example, with o2 phone insurance, you have to insure your device within 28 days of purchasing it. Network providers can quickly replace your handsets, which means they can offer you a speedy service. However, there are some drawbacks to taking out phone insurance with your network provider, the first being that the cost is usually set across all handsets, even for older models. Comparatively, pure play providers will tailor the cost of your plan to your device.

Even the cheapest network provider option is still more expensive than a pure play provider, so you may end up paying more per month for a less comprehensive cover. Generally, they will have higher excesses and a limit to the number of claims you can make in a 12-month period, for example Vodafone phone insurance has an excess fee of £79 and a limit of three claims per 12-months. But don’t forget to check the details of your phone warranty, as this may cover you for certain damages already.

network phone insurance mobile phone insurance provider

Pure play provider

Unlike the other providers previously discussed, pure play providers have many benefits. As we specialise in mobile phone and gadget insurance, you are getting experience, expertise and efficiency when you insure your phone with a pure play provider. Not only is the claims process quicker, as it is our sole concern, it is also the cheapest option, with monthly payment as little as £6. Some specialist phone insurers, like loveit coverit, will have no limit for claims, as well as multi-gadget policies and discounts. Pure play insurance policies are extensive, offering more cover for your money. For example, loveit coverit’s insurance policies include loss(premium), theft, accidental damage, liquid damage, mechanical breakdown, accessory cover and worldwide cover. Another benefit of a policy like ours, is that you are not tied into a lengthy contract and there is a 14-day money back guarantee on repairs and replacements. So if you have just bought a phone with EE, Vodafone or another network provider and are looking for comprehensive phone insurance with cheap excesses, choose a pure play provider like loveit coverit.

Why insure your phone with loveit coverit?

Over 30 years providing phone insurance

We’ve been in the insurance industry since mobile phones were the size of bricks, so you can trust your device in the hands of an experienced company. We cover all brands from iPhone insurance to Samsung Galaxy Insurance.

All claims handled by our in-house team

We’re always happy to help and we’re proud to offer an end-to-end mobile insurance service. All repairs and replacements are issued from our own technicians and supported by our friendly, UK-based customer care team.

No minimum phone insurance contract

We won’t tie you down with a 12 or 18-month contract unlike other insurance providers. With loveit coverit’s rolling contracts your policy is flexible and can be cancelled at any time, subject to terms and conditions.

Our 14-day money back guarantee

Provided you haven’t made a claim on your policy, you’ll receive a full refund if you cancel your mobile phone insurance policy within 14 days of the policy start date with the loveit coverit 14-day money back guarantee.

Insure more than one device, save 10%

More gadgets? More savings! Insure multiple devices with loveit coverit and get 10% off. Including phones, tablets, watches, laptops, headphones, cameras, and games consoles, just add more than one device at checkout.

Unlimited phone insurance claims + repairs

Many of our competitors only allow one or two claims each year. With loveit coverit, there’s no limit on the number of phone insurance claims you can make, regardless of whether it’s a claim for accidental damage, theft, or loss.

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