In today’s digital age, a smartphone is more than just a communication device — it’s a lifeline for work, entertainment, socializing, and even finances. With the rising cost of smartphones, especially high-end models like iPhones and Samsung Galaxy devices, many people are asking: Is mobile phone insurance worth it in the UK? The answer depends on your phone, your lifestyle, and how much risk you’re willing to take.
When Mobile Phone Insurance May Not Be Worth It
If you’re using a basic handset or a budget phone on a pay-as-you-go deal, the cost of replacing it may be relatively low. In such cases, paying a monthly insurance premium of £5–£15 might not be justified. Over the course of a year, you could end up paying more than the phone’s actual value.
Example: If your phone is worth £100 and your insurance is £10/month, that’s £120 a year — more than the phone itself.
When Mobile Phone Insurance Is Worth It
If you own a premium smartphone (like the iPhone 15 Pro Max or Samsung Galaxy S24 Ultra) that costs over £1000, the financial risk of damage, theft, or loss is much higher. If your phone is lost, stolen, or accidentally damaged, insurance can save you hundreds of pounds.
For monthly contract phones, where the device cost is spread over 24 months, losing your phone early could mean continuing to pay for a phone you no longer have.
Typical Coverage in Mobile Phone Insurance
Most mobile phone insurance policies in the UK cover:
- Accidental damage (like cracked screens or water damage)
- Theft
- Loss (not always included—check carefully)
- Worldwide coverage (in some policies)
- Accessory protection (like chargers or headphones)
Always read the policy documents to check for exclusions and excess amounts.
How Much Does Mobile Phone Insurance Cost in the UK?
| Phone Type | Monthly Insurance Cost | Annual Cost Estimate |
|---|---|---|
| Budget phone | £4–£6 | £48–£72 |
| Mid-range phone | £7–£10 | £84–£120 |
| Premium smartphone | £10–£15+ | £120–£180+ |
Some banks like Barclays, Monzo, and NatWest also offer phone insurance as part of packaged accounts, which might be cheaper overall if you also use their other services.
Is Phone Insurance Already Included Elsewhere?
Before you buy a standalone insurance policy, check if your home contents insurance covers mobile phones. Some household policies cover gadgets, even outside the home, but there may be high excess fees or claim limits.
Pros and Cons of Mobile Phone Insurance
Pros:
- Peace of mind if your phone is essential
- Financial protection for expensive devices
- Usually quick replacement for damaged or stolen phones
Cons:
- Ongoing monthly costs
- May not cover all types of damage or loss
- High excess charges (typically £25–£100 per claim)
- Limits on the number of claims per year
Popular UK Mobile Phone Insurance Providers in 2025
Here are some of the most popular and trusted providers for mobile phone insurance in the UK:
| Provider | Known For |
|---|---|
| EE Insurance | For EE customers with added monthly cover |
| Barclays Tech Pack | Includes cover for up to 4 devices |
| Monzo Premium | Includes phone insurance and travel cover |
| Protect Your Bubble | Popular third-party insurance choice |
| So-Sure | Rewards claim-free users with cashback |
Reddit & User Opinions: Is Phone Insurance Worth It?
On platforms like Reddit, many UK users share mixed views. Some say phone insurance saved them hundreds when their device was lost or stolen. Others feel the monthly costs and exclusions weren’t worth it.
Reddit Tip: Always compare excess fees and claim limits before signing up.
Tips to Reduce the Need for Insurance
- Use a strong phone case and screen protector
- Avoid taking your phone to risky places (like the beach or festivals)
- Consider a SIM-only deal and buy the phone outright (can be cheaper in the long run)
Final Verdict: Is Mobile Phone Insurance Worth It in the UK?
Yes – if you have an expensive phone or depend on your device daily for work or life. The financial risk of damage, theft, or loss can be too high to ignore. However, for budget phone users or those who don’t rely heavily on their phone, insurance may not be necessary.
