Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Are you sure it's not 180$ for 3 years? pretty sure thats what it is, and even if so if your accident prone it's 200+ to replace your iPhone with a refurb from apple and they don't cover water damage.

If your accident prone it's totally worth it.

@ $15 a month that is $180 each year.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.