Budgeting Your Electronic Gadgets Billings: Part III

Do You Really Need Cell Phone Insurance

When I wrote “Budgeting Your Electronic Billings: Part II“, I advised at the end of that article to buy insurance for your phone. Shortly afterwards, my bill with Verizon jumped $12.00 a month. This raised my monthly expense from $96. To $108. My goal was to keep the cost below $100.

After wrestling with a $178. expense for 2 years paying off 2- iPhone 6 Plus models, saving $82 a month was a big deal for me. I was able to finish the purchase plan around the middle of last year. To get the bill down to $96, I had to engage a promotion with a Verizon that ended in April 2019. They had no more promotions to hand out.

I had to take a hard look at my insurance plan to get the cost down again. Verizon uses the Assurion insurance company to add protection for their customers who are willing to pay the extra premium for that coverage. In the case of covering mine and my wife’s iPhone, they were charging me $26. A month. That is $312 a year. What do I get for that?

Looking At What I Get For The Insurance Premium

I have 2 options.

  • If I want my phone repaired, it will still cost me $45.00 on top of my monthly stipend.
  • If I want a new phone, it will cost me $145 extra which includes replacement for theft

Apple does not make iPhone 6 models any more, so unless the insurer has access to a finite supply of 6 phones in storage somewhere, I will have to settle for a re-manufactured model. The reviews I have researched online complain about dented, scratched, or poorly working replacements from their insurers. Getting the insurers to address those complaints properly is difficult, to say the least.

My son Eric runs a computer repair shop in upstate New York. He told me that Apple is going to discontinue updates for the #6 model in the near future. He advised that I would have to upgrade to the 7 model. That is the same model, going forward, that has no plugin for the headset. It is also almost impossible to repair outside of their expensive authorized dealer network. A new one will cost me $749 for the 64 gigabyte model. That is have the storage capacity I have now. He doesn’t carry insurance for his phones and never has.

Most of the claims made are for replacement of the glass face on the front of the phone. I (as does my wife) have a Otter Box Defender case to protect the phone from breakage. I have dropped mine a few times with no damage. It also protects against liquids intrusion, scratches, dents, and debris infiltration. I have had no issues with my current phone for 3 years now. Other than having to periodic resets, the same goes for my wife’s phone.

What Are The Typical Repair Costs?

Replacing the glass front is the most expensive expense and averages $145. I can buy a replacement myself and do my own repair on my 6 model. If I were to get a 7 model, I probably would not have that option.

The average battery repair shop cost is $45. If you know how to open your cell phone and do your own swap, the cost is only the amount charged you for your particular phone’s replacement. That’s obvious, but the screws holding the phone together can be infinitesimally small and extremely tricky to deal with. I found a replacement battery including tools with 5 star rating (Daxtromyn) on Amazon for $22.99. I found a cracked glass repair kit for by Goldwangwang for $25.99. Both kits have a free shipping option.

Your possible repair items to deal with are as follows:

  • Cracked Screen Glass
  • Damage Caused by Liquid Infiltration
  • Battery Replacement
  • Charging Port Malfunction
  • Internal Repairs

What Did I Decide To Do

I decided, after consultation with our tech expert son, Eric, to cancel our insurance.

I have decided to set aside the $26 a month in a slush fund savings account to cover future repair or replacement costs.

Since we both have heavy-duty protective cases, glass breakage or case damage is not a concern. The cases have a big clip to fasten to a belt or waste-band on your person that severely deters theft like purse snatching. The phones are easy to grip with the case and you avoid slippage through your fingers.

I am still on the fence to avoid insurance, but I want a reasonable cost and am researching reviews on different carriers to determine service reliability, deductibles, and satisfactory replacement policies.

As for avoiding theft, I either keep the phone clipped to my belt, watch it carefully at a restaurant, or take it with me when leaving my vehicle. If I can’t, I hide it in the center console out of view of prying eyes. A lot of your cautions obviously depend on where you live or the establishments you visit.

I don’t have all the answers. Nobody does even if they pretend to. All I can do here is tell you what I do. It’s up to you to treat your phone like an expensive ring or watch and protect it accordingly. It’s your contact with the outside world and when it’s gone or broken, you’re simply cutoff. What more can I say?

13 comments

  • It’s very effortless to find out any topic on net as compared to textbooks,
    as I found this article at this web page.

  • This is really interesting, You are a very skilled blogger.
    I’ve joined your rss feed and look forward to seeking more of your
    wonderful post. Also, I have shared your website in my social networks!

  • I’m not that much of a internet reader to be honest but your sites really nice,
    keep it up! I’ll go ahead and bookmark your site to come back in the future.
    Many thanks

  • Greetings, I do believe your blog might be having internet browser compatibility issues.
    When I take a look at your blog in Safari, it looks
    fine however when opening in I.E., it’s got some overlapping issues.
    I simply wanted to provide you with a quick heads up!
    Besides that, wonderful blog!

  • whoah this weblog is wonderful i love reading your posts. Stay up the good work!
    You realize, lots of individuals are searching round for this info, you
    could aid them greatly.

  • Wonderful post! We are linking to this great article
    on our website. Keep up the good writing.

  • Hi there, I found your blog by way of Google while searching for a similar matter, your site got here up, it appears great.

    I’ve bookmarked it in my google bookmarks.
    Hello there, just turned into aware of your weblog via Google, and found that it
    is truly informative. I am gonna watch out for brussels.

    I will appreciate if you happen to proceed this in future.

    Many people might be benefited out of your writing. Cheers!

  • I am really enjoying the theme/design of your website.
    Do you ever run into any browser compatibility problems?
    A number of my blog visitors have complained about
    my website not operating correctly in Explorer but looks great in Opera.
    Do you have any advice to help fix this problem?

  • Excellent goods from you, man. I’ve be aware your stuff prior to
    and you are just too fantastic. I actually like what
    you’ve received here, certainly like what you are saying and
    the way during which you assert it. You’re making it enjoyable and you
    continue to care for to keep it sensible.
    I can’t wait to learn far more from you. This is actually a terrific site.

  • It’s a pity you don’t have a donate button! I’d definitely donate
    to this fantastic blog! I suppose for now i’ll settle for book-marking
    and adding your RSS feed to my Google account.
    I look forward to brand new updates and will talk
    about this blog with my Facebook group.
    Chat soon!

  • It’s an amazing paragraph for all the online visitors; they will
    get advantage from it I am sure.

  • Wow, awesome weblog format! How long have you ever been blogging for?
    you made blogging look easy. The whole glance of your web site is fantastic, let alone the content material!

  • Alex9, this clue is your next bit of data. Immediately contact the agency at your earliest convenience. No further information until next transmission. This is broadcast #8432. Do not delete.

Leave a Reply

Your email address will not be published. Required fields are marked *