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Thread: Is buying the insurance worth it- $7/month?

  1. Droid Newbie
    smartphone1's Avatar
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    #1

    Smile Is buying the insurance worth it- $7/month?

    Few quick questions from a Noob.

    Just got the DroidX yesterday- the salesman said it costs over $500 to replace and the insurance is about $7 a month. Is it worth it?

    Also, do you recommend the screen saver guards? Got a pack yesterday that said Droid on the box but they seem too small (didn't cover the entire screen).

    Also, where is the best place to buy the car charger/DroidX accessories besides the Verizon store ($29.99)?

    Thanks-
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  3. Droid Ninja
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    #2
    The insurance is completely preference. Some will say its worth it some will say its not. It depends on how careful you are with your phonen and how often you damage phones.

    Some say the monthly fee plus the deductible of close to $100 aren't worth it for insurance. I say id rather be covered and not have to go to an old crappy phone or shell out $500 for a full retail replacement.

    My advice: get it

    Unless money is tight or you're extremely confident in your phone safety handling skills, then don't get it.

    Sent from my DROID2 using DroidForums App
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  4. Master Droid
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    #3
    Yes definitely get insurance its worth it cuz u never know accidents do happen no matter how careful you are with your device but of course thats my opinion but i do have it on my phone...

    Sent from a galaxy far far away
    "Three words can sum up what i"ve learned about life, IT GOES ON!" "Wise men talk because they have something to say. Fools talk because they have to say something."
  5. Master Droid
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    #4
    For my wife, it is. Me, not so much.
  6. Master Droid
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    #5
    Just do the math -- $7/mo for 24 months is $168. Replacement cost is nearly $600. The deductible is usually $60-75 (not 100% which). Seems pretty straightforward to me. Even a DX off eBay will be well over $350-400.

    Also, keep in mind that insurance covers things that the warranty doesn't. The thing is that if you finish your contract without needing to use the insurance, you won't have missed the $7 a month. That's less than the price of a good submarine sandwich. ...BUT, if you NEED the insurance for some reason, and don't have it, you'll really wish you had sacrificed the $7 per month.

    It's all a personal choice, but it seems justified to me. Keep in mind, that's my opinion, but I did get my degree in finance
  7. Droid
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    #6
    I also would say get it. I've never broken a phone before but within a month of getting my D1 I left it in my bag for baseball and it rained and received water damage. But like everyone has said, that's just my opinion.
  8. Droid Ninja
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    #7
    I have never dropped my Droid and I treat it like a baby, but 1 month after the manufacturer's warranty ran out, the touchscreen went bad. Insurance saved me.
  9. Master Droid
    b-jammin21's Avatar
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    #8
    +1 I would say go for insurance. I treat my phones VERY well, and I have had to get 2 replacements since last february. Stuff happens, and it truly is a cheaper route than not to have it.

    I don't use screen protectors. Never have. Never will. Gorilla glass is extremely durable, and I have even intentionally scratched my screen with a sharp key to know for sure (with a little liquid courage of course...). Screen protectors take away from the beauty and functionality of the screen IMO.

    Best place to buy accessories? I always go to amazon.com.

    Sent from my Droid using my Droid
  10. Master Droid
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    #9
    +1 to go for the insurance. Since these phones are like mini laptops and quite expensive, it is well worth the monthly fee.

    I treat my phone gingerly and have never dropped it. However, as they say, "ya never know" when disaster should ever occur, so the insurance gives me peace of mind for damage, theft, loss, etc.

    Conversely, if it were a simple flip/clamshell/bar phone, I wouldn't bother with insurance (and never did).
    Last edited by markwebb; 01-18-2011 at 10:08 AM.
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  11. Droid Newbie
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    #10

    No Brainer

    My boss ran over her new droid 2 45 days after getting it, 15 mins on the phone for a claim and $90 dedc.

    She got a brand new phone in her hands 18 hrs later.
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