How much does smartphone insurance cost?

You’d never leave home without your mobile phone, but what happens if it gets stolen or damaged? Discover how much it costs to insure your smartphone.
2 min read
Could you imagine your life without your mobile phone? As our world becomes increasingly digital, there’s no doubt that your phone is essential for your daily needs—whether to check your emails, keep in touch on social media, make payments, or even work on-the-go.  Simply put, our smartphones are invaluable. So why not protect your most treasured device with smartphone insurance for extra peace of mind? That way, you’ll be covered even if you accidentally damage your phone, or worse, if it gets stolen.

Where can I get smartphone insurance?

Many mobile phone companies usually offer smartphone insurance along with your purchase when you first buy your mobile phone. Alternatively, you can opt to get your smartphone insurance from an independent insurance provider. Because there are many options available, it’s always a good idea to dive into the details of each smartphone insurance policy to avoid any nasty surprises. Some insurers will only offer coverage if your phone is stolen, while others may also cover accidental damage, such as dropping your phone on the ground. 

How much does mobile phone insurance cost?

The price of your smartphone insurance can range from €2 to €15 per month, and will depend on how much your phone is worth. Here’s a quick guide on the estimated monthly price of your smartphone insurance, according to the value of your smartphone: 
  • Lower-range smartphones (valued between €200 to €250): the average cost of mobile phone insurance is between €2 to €5 per month.
  • Mid-range smartphones (valued at around € 400): the average cost of mobile phone insurance is between €4 to €10 per month.
  • High-end smartphones (valued higher than € 400): the average cost of mobile phone insurance is between €10 to €15 per month.

Get smartphone insurance with N26 Metal

At N26, we believe that your bank should be much more than just a place to deposit your money. That’s why we’ve included mobile phone insurance with our most premium accounts, N26 Metal and N26 Business Metal. Stay protected with coverage up to €1,000 if your mobile gets stolen or damaged. And of course, that’s not all. With N26 Metal or Business Metal, enjoy a full suite of extensive benefits such as extensive lifestyle, travel and mobility insurance, free ATM withdrawals worldwide, a striking metal Mastercard, and more. Discover N26 Metal now.

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BY N26Love your bank

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