Insuring a mobile phone can be one of the most financially sound choices that you will ever make. Not only will a policy provide you with peace of mind, but you can rest assured that you are covered if the unit is lost or damaged. However, not everyone can afford comprehensive policies. If you are on a tight budget, how can you find a sound policy that will not place you in financial jeopardy? We will take a look at four suggestions below.
Look for Basic Plans
Most providers offer a host of insurance plans to select. Their price is generally based off the level of protection that is present. Comprehensive packages often address issues such as hardware defects, data loss and broken screens. However, these will cause such plans to be quite expensive. If you want to encounter lower rates, it is advisable to find a package that only offers basic coverage such as loss or theft.
Find cheap providers online
There are many online providers which offer affordable mobile phone insurance plans. The issue is how do we sift these out from the mass of providers. The answer is using the online tools available to you. Aggregators are at the pinnacle of these tools. These provide objective overviews of the most popular plans on the market. They regularly update their information. You can therefore be certain that you are receiving accurate details. Be sure to check out online comparison sites when looking for cheap mobile insurance as these are an efficient way of finding the cheapest plan online very quickly.
Digital Discounts and Coupons
Another avenue to explore involves obtaining valuable discounts when purchasing new insurance packages. The majority of providers offer some type of first-time rebate if you sign up for their services. However, there can also be times when visiting a third-party portal will enable you to access QR codes and similar rebates. Be sure to shop around, as there are literally dozens of options to choose from.
Excess Fees Versus Monthly Fees
Smartphone insurance policies can essentially be broken down into two variables. These are the flat monthly rates that you will expect to pay and excess fees in the event that the phone is lost, stolen or otherwise damaged. Some carriers give you the option to pay high monthly fees that will dramatically lower your excess. The other choice is to agree to pay a high excess in exchange for lower monthly rates. This often makes a great deal of sense; particularly if you are not worried about losing or damaging your phone.
You will ultimately need to find the balance between low fees and an agreeable insurance package. As any policy represents a very real investment, always read the terms and conditions before entering into any type of legally binding agreement. It is also a good idea to examine any type of cancellation fees that may apply in the event that you decide to change providers. With a bit of research, you can save a great deal of money.