Over the past decade or so the worldwide mobile phone market has exploded, with a large percentage of mobiles used in the United Kingdom now smartphones. This trend looks to increase even further with many mobile phone retailers reporting that smartphones now represent over 75% of their total sales.
The most popular smartphone on the market at the moment is the much talked about iPhone from Apple, with an enormous amount of features and processing power at your finger tips. As a result of this processing power, the cost of buying a mobile phone has increased significantly to the point where the latest iPhone 5 now retails at anything up to £699 (sim free price of iPhone 5 64gb bought from Apple, price correct September 2012). To help make these up-front costs manageable, most network providers now require customers to sign up to long 18 to 24 month contracts. If you're signed up to one of these contracts then mobile phone insurance should be a priority. If you lose or break the phone, network providers will require you to meet the terms of your contract including the monthly repayments regardless if you can still use the phone or not. The worst case scenario to this could be you getting a shiny new iPhone, breaking it within a few months and having to pay for well over a year and a half for a phone you can't use.
Here at insurance2go we have three types of phone insurance, covering all phone types including the iPhone 4, 4S and 5. Our iphone insurance starts at just £3.99 a month and we have amongst the most competitive pricing structures to be found anywhere online. Our prices are also far less than you will find from most high street retailers. Finally we also offer some substantial savings to customers who are looking to pay up-front for their mobile phone insurance in the form of an annual policy.
So if you're looking for a quote on iPhone insurance be sure to give insurance2go consideration - we're sure you'll be surprised how much you can save on the cost of mobile phone insurance.