Comments on: Is cell phone insurance really worth it? https://heresthethingblog.com/2011/07/05/cell-phone-insurance-worth/ Making sense of gadgets and technology Wed, 29 Feb 2012 16:42:18 +0000 hourly 1 https://wordpress.org/?v=5.7.2 By: Ben Patterson https://heresthethingblog.com/2011/07/05/cell-phone-insurance-worth/#comment-135 Tue, 05 Jul 2011 17:01:00 +0000 http://heresthethingblog.com/?p=1615#comment-135 In reply to Philip Berne.

Yep, I hear ya—depends on the situation. In my own particular case, I’ve lost one smartphone over the past 9 years … but for me, the replacement phone wouldn’t have been worth the $540 in premiums over all that time (assuming $5 a month for 108 months, and not counting the deductible for replacing the phone).

]]> By: Philip Berne https://heresthethingblog.com/2011/07/05/cell-phone-insurance-worth/#comment-134 Tue, 05 Jul 2011 16:28:00 +0000 http://heresthethingblog.com/?p=1615#comment-134 Interesting. I definitely see the logic in the math, but my own personal experience has been different. I have used insurance to replace 2 smartphones. In the latest case (lost Nexus S), I’ve paid ~$128 total for the monthly premium, plus $130 for the deductible. Still much cheaper than buying a replacement. Over the months and months of phone ownership, across multiple plans, with phones I did not lose, the math does not work out in my favor. But I’m sad to say my budgeting is still necessarily more of a month-to-month affair than an amortized accounting of 5-years of payments.

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