How mobile phone insurance can save you money and stress

Your phone is more than just a communication tool. Imagine trying to work, shop, navigate around, or do your banking without it. Losing or damaging your device can seriously disrupt your life and put a dent in your finances. Luckily, mobile insurance can soften the blow. Read on to find out why having phone insurance is a smart financial move in 2025.

Protection against theft

Phone theft is becoming alarmingly common, especially in busy cities. In 2024 alone, over 70,000 phones were stolen in London, an increase of 34% from 2023.

There are a number of things you can do to protect yourself in case your phone is stolen. These include making sure that your phone is always backed up and is password protected in case it ever falls into the wrong hands. It’s also crucial to take note of the serial number as well to help the police track your phone.

It’s not just about the inconvenience. Losing your device is also a financial blow. This is why many people are taking out mobile phone insurance to cover the cost of replacing their stolen phones and recovering quickly from the disruption to their lives.

Coverage for everyday mishaps

No matter how careful you are with your phone, accidents will happen. A slip from your pocket, a spilled drink, or a cracked screen from a drop can all render your device utterly useless. Repairs can often be just as or even more expensive than replacing the phone.

Still, there’s no need to foot the entire bill for repairs or replacement. Mobile insurance policies will often cover these types of damage. For example, providers like EE offer options that include accidental damage as part of the phone plan. Remember, only sudden damage is covered under insurance policies – you won’t be able to claim for normal wear and tear or damage that is intentional (even if you were simply trying to fix your phone).

A safeguard against loss

If you’re constantly on the go, it can be easy to misplace your phone somewhere. Trains, cafés, busy events, and festivals are all prime locations for forgotten devices.

Even though it is technically your ‘fault’ for losing your phone, many mobile insurance plans will offer coverage in case of loss, so you could get a replacement without paying the full price out of pocket. However, double-check the specifics of your policy: not all plans include loss protection.

Insure your phone for peace of mind

Smartphones are a lifeline to daily life in the modern world – we can’t bank, travel, or even work without them these days. Whether it's theft, damage, or loss, investing in mobile insurance will protect both your finances and your peace of mind. It’s a safety net worth having.