Insure Your Smartphone for Less
You can insure your phone with your existing homeowners or renters insurance. Just call your insurer and ask if you can add what's called a valuable personal item rider.
This rider covers a much broader range of scenarios than general insurance, usually has no deductible and provides reimbursement for the full value of the device. All you have to do is provide a receipt of your phone's value to make sure your covered. Depending on the details of your insurance and the cost of your phone, you'll pay between $10 and $50 per year on top of your existing policy.
A rider can save you up to $110 per year, plus an additional $100 in deductibles per device in the event of a covered loss. That's a pretty great deal compared to the cost of carrier insurance.
If you want to lower your bills, consider this tip. You'll still be covered while you save some cash.