Generally this time of year, many threads pop up asking which insurance or protection plan is "best." This varies greatly depending on your needs (read: budget & clumsiness). I've compiled a quick rundown of the most popular options. Feel free to make suggestions in the comments, and I will try to keep it updated ad hoc. APPLECARE FOR IPHONE Every iPhone comes with one year of hardware repair coverage through its limited warranty and up to 90 days of complimentary support. APPLECARE+ FOR IPHONE AppleCare+ for iPhone extends your one year of coverage to two years (with phone support) from the original purchase date of your iPhone (1) and adds up to two incidents of accidental damage coverage, each subject to a $79/$99 service fee plus applicable tax. (2) Buy it for $99/$129 within 60 days of your iPhone purchase. Apple hardware coverage: Provides repair or replacement coverage, both parts and labor, from Apple-authorized technicians. Service coverage includes the following: Your iPhone Battery (1) Included earphones and accessories Coverage for up to two incidents of accidental damage,(2) each subject to a $79 service fee for iPhone 6 and earlier and a $99 service fee for iPhone 6(S) and iPhone 6(S)+. Software support is included. Apple experts can help troubleshoot issues with your iPhone, iOS and iCloud, and Apple-branded apps, including: Using iOS and iCloud Questions about Apple-branded iPhone apps such as FaceTime, Mail, and Calendar Connecting to wireless networks AppleCare Protection Plan or AppleCare+ is transferable. If you choose to sell or give away your Apple product, you can also transfer the ownership of the AppleCare Protection Plan or AppleCare+. Fine Print: http://www.apple.com/legal/sales-support/applecare/applecareplus/docs/applecareplusnaen.html SQUARETRADE Protects your iPhone against everyday accidents, such as drops, spills and malfunctions, as well as common malfunctions after the manufacturer’s warranty expires. 24/7 zero-hassle claims and free two-way shipping: We'll overnight you a replacement when possible (may not be available for leased or financed devices). Or, we'll pay to have your device overnighted to us, fix it the day it arrives, and then overnight it back to you. Need it fixed now? Take your device to a local repair shop or Genius Bar, pay for any repairs, and we'll reimburse you. Great when traveling (SquareTrade covers you anywhere in the world) or when you just can’t wait. For any iPhone model purchased in the last 30 days or currently insured by AT&T, Verizon, Sprint, or T-Mobile Pricing: 3-year plan = $4/mo. ($129) 2-year plan = $5/mo. ($99) Pay as you go = $8/mo ($8x24 = $192) $75 deductible for each claim Doesn't provide technical support Doesn’t cover loss or theft. Will typically only repair device/process claims up to the full retail cost of the device. Can cancel anytime with pro-rated reimbursement. Fine Print: http://www.squaretrade.com/iphone-warranty AT&T ASURION Get comprehensive coverage to protect your eligible phone, tablet, or other mobile device against loss, theft, damage, and out-of-warranty malfunctions for $6.99 a month per enrolled number. Declining Deductibles: Provides protection against loss, theft, physical and liquid damage and out-of-warranty malfunction for your AT&T eligible mobile device for $6.99/month per enrolled mobile number. Coverage for up to 2 claims within any 12 consecutive months. AT&T Mobile Insurance offers an easy claim process with as soon as next-day You can file up to 2 claims within any consecutive 12 months, with a maximum device value of $1,500 per claim. You'll be required to pay a deductible when filing a claim. The standard deductible for iPhones is Tier 3: $199 Declining deductibles: Continuously enrolled customers who remain claim-free for 6–12 consecutive months save 25% off the standard deductible, and at 12 consecutive months or more save 50% off the standard deductible. Claims may be fulfilled with new, AT&T Certified Like-New, or other models of like kind and quality. Colors, features, and accessory compatibility are not guaranteed. You must enroll within 30 days of new activation or device upgrade. If you are currently enrolled in any of our device protection programs, you can switch your already-enrolled number to a different program at any time if eligible. If you reach two claims in a 12-month period, your coverage automatically terminates, and you will be ineligible for AT&T Mobile Insurance for a period of 12 months starting from the date of your second covered loss. Fine Print: http://www.att.com/shop/wireless/features/mobile-insurance.html#Mobile_Insurance VERIZON INSURANCES 1. Verizon Wireless Extended Warranty Extended Warranty provides protection against device defects after the manufacturer's warranty expires. You'll receive a new or Certified Like-New Replacement of the same or comparable model. The monthly cost is $3/device. Extended Warranty is part of Total Mobile Protection and Total Equipment Coverage, and it's also sold separately. 2. Asurion Wireless Phone Protection Asurion is a third-party licensed insurance agency who offers insurance coverage for your mobile device and certain standard accessories. If your device is lost, stolen or accidentally damaged (including liquid and physical damage), you can file your claim with Asurion within 60 days of the incident and the device will be replaced upon claim approval. Asurion Wireless Phone Protection is part of Total Mobile Protection and Total Equipment Coverage, and it's also sold separately. Smartphones $7.15/month per covered device $99-$199 non-refundable deductible per approved claim for devices lost, stolen or damaged Two replacements in a 12-month period with an equipment maximum of $1500 per claim Asurion may fulfill claims with new or refurbished equipment. In general, claims are fulfilled with the same make and model you claim. If this isn't possible, a like-kind make and model will be substituted. Color, feature and accessory compatibility are not guaranteed. You may cancel your coverage at any time and receive a pro-rated refund of your unused premium. 3. Total Equipment Coverage Total Equipment Coverage combines the benefits of: Asurion's Wireless Phone Protection Verizon Wireless Extended Warranty If your device or covered accessories are lost, stolen or damaged, or your device experiences a mechanical or electrical defect after the manufacturer's warranty expires, you're protected. Smartphones $9/month per covered device $99-$199 non-refundable deductible per approved claim for devices lost, stolen, or damaged Two replacements in a 12-month period with an equipment maximum of $1500 per claim Asurion may fulfill claims with new or refurbished equipment. In general, claims are fulfilled with the same make and model you claim. If this isn't possible, a like-kind make and model will be substituted. Color, feature and accessory compatibility are not guaranteed. You may cancel your coverage at any time and receive a pro-rated refund of your unused premium. SPRINT ASURION TEP (Total Equipment Protection) - Includes ERP (Equipment Replacement Program) and ESRP (Equipment Service and Repair Program). You cannot buy ERP or ESRP separately. There is a $50/100/150/200 deductible depending on device. Your monthly payment can be either $8, $11, or $13, again depending on your device. The latest iPhones are $13/month for the insurance with a $200 deposit for replacement. https://protection.sprint.com/ https://protection.sprint.com/tep/en/faq.html CREDIT CARD WARRANTY EXTENSIONS Every credit card is different, but many offer additional insurance coverage on purchases, such as electronics. Coverage is generally simply an extension of manufacturer's original warranty, though this may vary by card. HOMEOWNER'S/RENTER'S INSURANCE Many homeowner's and renter's insurance policies include electronics (or have the option for riders). Some people of leery of filing claims for items such as phones for fear that the costs of possible rate hikes outweighing that of replacing a phone.