Should You Buy AppleCare Plus or Get Phone Insurance? We Do the Math
When you buy a new iPhone, you have the option to add AppleCare+ to your purchase. For $200, AppleCare+ gives you two years of hardware coverage and includes up to two incidents of accidental damage coverage. You also get 24/7 access to Apple support and a 70 percent discount on screen repairs.
Now, compare that to phone insurance from a carrier like Verizon. For $11 per month, Verizon Insurance covers your phone against loss, theft, damage (including water damage), and extends your manufacturer’s warranty by a year. So, if you’re paying $11 per month for two years, that’s $264. And if you have to make a claim, you’ll have to pay a $199 deductible.
So, which is the better deal? It depends on a few factors.
If you’re worried about losing or breaking your phone, AppleCare+ is the way to go. For $200, you’re covered for up to two incidents of accidental damage. And if you lose your phone or it’s stolen, you can get a replacement phone for just $50.
With Verizon Insurance, you’re covered for loss, theft, and damage, but you’ll have to pay a $199 deductible for a replacement phone. So, if you’re worried about losing or breaking your phone, AppleCare+ is the better deal.
However, if you’re just looking for extended warranty coverage, Verizon Insurance is the way to go. For $11 per month, you’re covered for an additional year beyond the manufacturer’s warranty. And if you have to make a claim, you’ll only have to pay a $99 deductible.
So, if you’re just looking for extended warranty coverage, Verizon Insurance is the better deal.
One final factor to consider is whether or not you have AppleCare+ on your current iPhone. If you don’t have AppleCare+, adding it to your new iPhone will cost $200. But if you have AppleCare+ on your current iPhone, you can get coverage for your new iPhone for just $100.
So, if you have AppleCare+ on your current iPhone, adding it to your new iPhone is the better deal.
Bottom line: It depends on your needs. If you’re worried about losing or breaking your phone, AppleCare+ is the better deal. If you’re just looking for extended warranty coverage, Verizon Insurance is the better deal. And if you have AppleCare+ on your current iPhone, adding it to your new iPhone is the better deal.
