Comment Re:The best plan (Score 1) 225
Also my strategy. I got a new Galaxy S III recently, and as usual was offered insurance... at the prices the mobile phone operators are asking, you'd be paying around 50% of the cost of buying a new phone SIM-free over a 24-month contract. This means that the chances of me losing or breaking my phone in any 24-month period needs to be above 50% for it to be worthwhile. I've had three previous smartphones over 5 years and haven't lost or broken one yet, so insurance doesn't make any economic sense for me if I'm paying the cost of a new phone every 4 years to insure them but the interval between my insurance claims is >4 years (based on the trend to date). I'd have to need to claim twice in the next 3 years just to break even.