Comparing Mobile Phone Insurance Options

Choosing the right mobile phone insurance can be daunting. Options include insuring through your home, bank, network, or a dedicated mobile phone insurance provider like us. We'll compare the pros and cons of each, considering varying levels of coverage and potential exclusions below to help you make an informed decision with our comprehensive product comparisons.

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Bank-Accounts

Bank Accounts that include Mobile Phone Insurance

When considering mobile phone insurance options, it’s worth noting that some banks offer it as a complimentary benefit for their premium account customers. However, this might come with a higher monthly cost of approximately £15 compared to around £7 for stand-alone phone insurance. It’s important to be aware that bank insurance often entails larger excess fees, potentially up to £100 per claim, whereas specialist mobile phone insurance providers tend to have smaller excesses. Additionally, certain banks, like Barclays, Halifax, and Lloyds, may impose limits on the number of claims allowed, typically around 2 per 12-month period. We recommend carefully evaluating these factors before making your decision.

Pros of Bank Accounts that include Mobile Phone Insurance:

  • Convenient: No need to shop around for a separate insurance policy.
  • Simplified payments: The insurance cost is included in your bank account’s monthly fee.

Cons of Bank Accounts that include Mobile Phone Insurance:

  • Limited coverage: Bank-based policies may have lower claim limits or exclude certain damages.
  • Difficult cancellation: Some policies may have extended cancellation periods or fees.
  • Limited coverage abroad: Some policies may only cover loss or theft within the UK.

House-Insurance

Home Insurance that includes Mobile Phone Insurance

When it comes to insuring your mobile phones and gadgets, home insurance typically covers theft or damage that occurs within your property, such as in cases of fire, flood, or burglary. However, it may not cover incidents like dropping, loss, or theft outside of your house. Stand-alone mobile phone insurance plans offer comprehensive protection wherever you go. While home insurance allows you to add coverage for personal possessions outside your property, this option comes at an additional cost of £25-35 on top of your annual premium.

If you make a mobile phone claim on your home insurance, it can impact your no-claims bonus, result in a higher excess fee, and lead to an increased monthly premium. Additionally, claims through home insurance tend to take longer to process compared to specialized mobile phone insurance providers who often offer next-day replacements and, at most, within a couple of days. It’s important to weigh these factors when deciding on the best insurance option for your needs.

Pros of Home Insurance that include Mobile Phone Insurance:

  • Convenient: No need to shop around for a separate insurance policy.
  • Simplified payments: The home insurance premium includes the cost of the mobile phone insurance.
  • Potential cost savings: Some insurers offer cheaper mobile phone insurance as part of home insurance policies.

Cons of Home Insurance that include Mobile Phone Insurance:

  • Limited coverage: Some home insurance policies may only cover loss or theft of your phone in the home, excluding accidental damage.
  • No coverage abroad: Some home insurance policies only cover loss or theft in the UK.
  • Higher excess: Home insurance policies with mobile phone insurance often have higher excesses than standalone policies.



Mobileprovider

Mobile Phone Insurance from a Network Provider

When purchasing a phone from a network provider, they may offer you the option to insure it at that time. For instance, with o2 phone insurance, you typically need to insure your device within 28 days of purchase. One advantage of insuring through network providers is the quick replacement service they can offer, ensuring a speedy resolution in case of issues. However, there are some considerations to keep in mind.

One drawback is that network provider insurance costs are usually fixed for all handsets, even older models, whereas pure play providers customize the plan cost according to your device. While the cheapest network provider option might still be more expensive than a pure play provider, it might provide less comprehensive coverage. Additionally, network providers tend to have higher excess fees and impose limits on the number of claims allowed within a 12-month period. For instance, Vodafone phone insurance may have an excess fee of £79 and a limit of three claims per 12-months.

It’s essential to also check the details of your phone warranty, as certain damages may already be covered. Ultimately, carefully weighing the pros and cons will help you make an informed decision about the best insurance option for your needs.

Pros of Mobile Phone Insurance from your Mobile Network Provider:

  • Convenient: Get insurance through your existing mobile phone provider, avoiding the need to shop around.
  • Easy to manage: Manage your insurance through your mobile phone provider’s website or app.
  • Potential cost savings: Some mobile phone providers offer cheaper insurance as part of their contracts.

Cons of Mobile Phone Insurance from your Mobile Network Provider:

  • Limited coverage: Mobile phone provider-based insurance may have lower claim limits or exclude certain damages.
  • Difficult cancellation: Some policies may have long cancellation periods or charge fees.
  • No coverage abroad: Some policies only cover loss or theft in the UK.

Pureplay

Dedicated Mobile Phone Providers like loveit coverit

Unlike other providers mentioned earlier, dedicated providers solely focus on Mobile Phone Insurance, offering numerous benefits. When you choose a pure play provider like us, you gain access to specialized experience, expertise, and efficient service. Our primary concern is mobile phone and gadget insurance, ensuring a faster and smoother claims process.

Moreover, opting for a dedicated provider is often the most cost-effective option, with monthly payments as low as £6. Unlike some other insurers, we have no claim limits and offer multi-gadget policies and discounts. Our comprehensive insurance policies cover a wide range of incidents, including loss (premium), theft, accidental damage, liquid damage, mechanical breakdown, accessory cover, and worldwide protection.

With a policy from a dedicated provider like loveit coverit, you benefit from flexibility, as we don’t tie you into lengthy contracts, and we offer a 14-day money-back guarantee on repairs and replacements. So, whether you’ve recently purchased a phone from EE, Vodafone, or another network provider, and you seek comprehensive phone insurance with affordable excess fees, consider choosing a dedicated provider like loveit coverit.

Pros of Mobile Phone Insurance from a Dedicated Insurance Provider:

  • Comprehensive coverage: Dedicated insurers often cover accidental damage, water damage, and theft.
  • Competitive prices: Specialized insurers offer better deals due to their expertise.
  • Easy comparison: Multiple dedicated insurers allow simple policy comparison.

Cons of Mobile Phone Insurance from a Dedicated Insurance Provider:

  • Can be less convenient: Can involve shopping around for the best policy.
  • Claims process may involve some additional documentation such as a police report.
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To make life a little easier here's a list of our Mobile Phone Insurance Excesses for easy comparison:

Model
Accidental Damage and Breakdown
Liquid
Damage
Theft & Loss
Claims
iPhone 11/12/13/14/15 Pro Max
£115£115£175
iPhone 11/12/13/14/15 Pro
£100£100£125
iPhone X/XS/XS Max/14/15 Plus
£100£100£125
iPhone XR/11/12/13/14/15
£80£80£100
iPhone SE 2020/2022
£60£60£80
iPhone 12/13 Mini
£60£60£80
iPhone 8/8+
£60£60£80
Samsung Galaxy S20/S21/S22/S23 Ultra
£115£115£175
Samsung Galaxy Note 10+/20 Ultra
£115£115£175
Samsung Galaxy S10+ 1TB
£115£115£175
Samsung Galaxy Z Fold5
£115£115£175
Samsung Galaxy Z Flip4 Bespoke 256GB/Flip4
£115£115£175
Samsung Galaxy Z Fold4/Flip35G /Flip5
£100£100£125
Samsung Galaxy S20+5G /S20+/S21+/S22+/S23+
£100£100£125
Samsung Galaxy S10+ 512GB /S105G
£100£100£125
Samsung Galaxy S20/S21/S22/S235G
£80£80£100
Samsung Galaxy S20FE/S21FE
£80£80£100
Samsung Galaxy S10+ 128GB
£80£80£100
Samsung Galaxy Note 10/10 Lite/20
£80£80£100
Samsung Galaxy S9/S9+/S10/S10e
£60£60£80
Samsung Galaxy Note 9
£60£60£80
Samsung Galaxy A51/A71 128GB
£60£60£80
Google Pixel Fold 256GB 512GB
£115£115£175
Google Pixel 7 Pro 256GB/8 Pro
£100£100£125
Google Pixel 7 256GB/7 Pro 128GB/8
£80£80£100
Google Pixel 7/7a 128GB
£60£60£80
Sony Xperia 1 V
£115£115£175
Sony Xperia PRO-I 512GB
£115£115£175
Sony Xperia 15G /1 V 256GB/5 IV
£100£100£125
Sony Xperia 1
£80£80£100
Sony Xperia 10 V
£60£60£80
Huawei P30/P50 Pro 256GB 512GB
£100£100£125
Huawei P30 8GB 128GB /P40 Pro
£80£80£100
Huawei Mate 20 X5G /Mate 20 Pro
£80£80£100
OPPO Find X5 Pro/N2 Flip
£100£100£125
OPPO Find X5
£80£80£100
OPPO Find X5 Lite
£60£60£80
Xiaomi Mi 12 Pro/13 Pro 256GB
£100£100£125
Xiaomi 13 256GB
£80£80£100
Xiaomi 13 Lite 128GB
£60£60£80
OnePlus 10 Pro/10T/115G 128GB 256GB
£80£80£100
Nokia X30
£60£60£80
Realme GT Neo 3/2/2 Pro
£60£60£80
Honor Magic5 Lite/Pro
£60£60£80
Motorola Edge 40 Pro
£80£80£100
Motorola Edge 30 Ultra
£60£60£80
Nothing Phone 2
£60£60£80
All other Mobile Phones£30£50£75

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