1) How risk-averse are you? Do you check every millimeter of the bungee cord before you jump - with a microscope? Or do you just use a few thick rubber bands and hope for the best?
2) How are you with your devices? Do you give them a lot of usage, handle them roughly and have a lot of them fail? Or do you treat everything like a new toy, babying it and trying to not overuse it?
One other consideration, of course, is how bad, financially, it would be to you to have to pay for a new device in one shot? Although with the new phone plans you can pay for one over many months, so that might not apply.
I generally opt for a one-time investment in a good protective case and don't worry about the insurance.
Also consider that you're paying $600 a year in insurance, which you probably won't even need. I think it would make more financial sense to just replace a device if something should actually happen to it.
Insuring a single device that I paid 500 dollars for, yeah I would, but multiple devices, I would just set that money aside in my bank account each month and let it build. On the off chance I damage one, I would have enough set aside to replace it.
You dont know Ive gone back and forth with this? You know I actually have acheap 4G in case anything happens? But then paying cash for a Note 3? It causes a huge brain f?? t thinking about it. My car insurace is not but a couple of dollars more?
there are better insurance out there.. if you choose to look. 3rd party.
I just got a NOTE3 for AT&T from Costco...
they sold me a 3rd party insurance..
cost $100 (2 yrs coverage)... NO month fee... $25 deductible (as long as I still have the phone to send them).
so lost or stolen is not covered!
but as of last week.. the deductible has gone up to $50 for new contracts.
Will I just a quote for my three cells from a company call American something out of Flordia. I know geico uses them for renters insurance. $22.87 a month hate to do the whole year thing in December but can do do a prorated payoff anytime. Copay is $ 75.00 to $100.00 according to model? What would you think?
I respect that opinion, but to me phones are a complete luxury. Though I realy like verzion they seem very expensive to me when you shop? When it cost me more to insure a phone than my house or car thats crazy? And then they have the attitude tnat the service they provide is worth tne extra cost? Again this is just my opinion. I feel all cell service is crazy overpriced!!!. They protray that any retired person needs to be on Cricket,,,,, Duh? I am under a contract which I will complete. But $50.00 fot 1 gig of service? I'm buying his next Pourche....lol.
I just bought my first phone outright, an unlocked Moto G and loving it. I just dropped Vzw and now using Tmobile, $30/mo for 100 mins. talk, unlimited text & data. Now I'll have an extra $50 p/m since dumping vzw. I'm using Google Voice and Talkatone to make up for the voice usage.
I thought about buying insurance for the Moto G, so far I've been lucking and nothing have happen to other phones but I may get some insurance for the new one. Still deciding.