Unless you have the time and patience to research every single mobile phone insurance and find out what their cheapest quotes are, it’s virtually impossible to ever really find the cheapest mobile phone insurance available. However, in order to lower the costs, there are a few things you can do.
First of all, research the main mobile phone insurance companies and see what quotes you get. Some will give you quotes, while others will simply have basic gadget insurance plans to choose from. The main companies are usually the most reputable ones, and doing a quick Google search will bring up the main ones on the first two pages.
If you have friends who have mobile phone insurance, ask them which company they are insured with. Sometimes you can get mobile phone insurance with your bank for relatively cheap prices, so this may be worth checking out too.
Make sure you consider the excess of the insurance you’re considering. A low excess will mean that you don’t have to pay as much if something goes wrong, like accidental damage or loss of your phone. Although the monthly cost may be cheap, make sure the excess isn’t too high for you to pay if unfortunate events do occur.
Due to the excessive number of mobile phones available on the market today, there are hundreds of mobile phone insurance companies offering great insurance deals to the owners of all different types of gadgets. When searching for mobile phone insurance, it’s important to do your research thoroughly if you want to get the cheapest deal possible.
Check out money saving websites that will give you some great tips about searching for insurance. One way to save money if you have a family or friends who would be willing to share the insurance policy is to insure all gadgets on the same policy. You can often save lots of money by doing this, and if everybody wants to insure their phones anyway, it’s not much extra hassle.
You could also try searching on mobile phone insurance comparison websites, as this might save you lots of time. When you find the cheapest one given to you by the comparison website, go onto that individual insurance website and get a quote yourself to see if it’s even cheaper when you do it separately. Sometimes insurance comparison website prices can be slightly higher than if you go directly through the company.
When taking out any insurance policy, one thing that people like to check before finalising anything is the amount of excess which they will need to pay if a claim is ever made. A higher excess means that the policy holder will have to pay more money if they’re making a claim, whereas a low excess means that they don’t have to pay as much.
As the whole point of taking out mobile phone insurance, for many people, is to save money if anything ever goes wrong, most people are looking for insurance with low excess. If you ever do need to make a claim, you won’t have to worry too much about the costs involved.
Although it’s a good idea to look at the general monthly cost (or annual cost) of the insurance policy and also the features of the policy to see if they suit you and your mobile phone, don’t forget to look at the amount of excess too. You might find that each plan has a different amount of excess, so that the more you pay per month, the less excess you have to pay if anything does go wrong. Consider your budget and how much excess you could afford to pay if need be.
When looking for mobile phone insurance which is great value for money, here are some of the most important things to consider before purchasing any policies.
Firstly, consider the monthly price. Most insurance companies will allow customers to pay for their insurance by the month, although others may require a one-off payment for the whole year. Normally, you can save money by paying for the whole year upfront, so if you can afford this, it might be worth doing in order to save some extra cash.
Next, you should check the excess on the policy. If there is an excess which would be too high for you to pay, you should look at another policy. Some have a very low excess, although these usually have a slightly higher monthly cost. Think about how much money you could afford to pay if something went wrong with your phone, and then look for an excess which is around this amount or preferably below.
Finally, make sure you thoroughly read all the features of the policy. You don’t want to take out a policy which does not cover against water damage if you work near water and your phone is likely to be damaged by water. Also remember that it might not be worth paying extra for features which don’t apply to you, e.g paying for overseas cover if you never go abroad.