Choosing the best smartphone insurance plan or warranty program can leave your head spinning. But now that smartphones retail for over $600, you don't want to be caught without a plan in the middle of a contract if you break or lose your iPhone or Android handset. So after 30+ hours of research, the best of the best is AKKO Property Coverage. It's comprehensive, covers your laptop and camera gear (and more), and replaces your device with a brand new one.\r\n\r\n\r\n\r\nThat in mind, most mobile phones come with at least a limited warranty - but these plans often don't cover drops or loss. \u00a0Moreover, you may not have the option to purchase an additional protection program after a certain amount of time expires. An insurance plan essentially enhances or extends your phone's warranty, and could also protect you in the case that it is stolen or you misplace it. You can also read about the best cell phone plans to find out which is best for you.\r\n\r\nSome important things to consider:\r\n\r\n \tAre loss and theft covered with aftermarket insurance plans?\r\n \tHow much is the plan's deductible?\r\n \tWhat is the plan's cancellation policy?\r\n \tIs water damage covered - and does that include both spills and immersion?\r\n \tWill you be charged a monthly payment or one-time fee?\r\n \tWill your replacement phone be the same model as your current phone?\r\n \tAre you guaranteed to get a replacement by a certain time?\r\n \tAre you limited in the number of replacements allowed?\r\n\r\nMany smartphone protection plans are available through\u00a0Asurion,\u00a0a third-party insurance company that offers coverage on various phones through each specific participating cell phone carrier: \u00a0Verizon, AT&T, Sprint, T-Mobile, Boost Mobile, Clear, Clear Wire, Metro PCS, nTelos, Time Warner Cable and Virgin Mobile. (You cannot buy an Asurion program on its own without a provider.)\u00a0Though they all use Asurion, each cell carrier has a different name for their protection plan, so it's not possible to distill Asurion's features into a single list.\u00a0Additionally, some carriers also combine Asurion's protection plans with their own extended warranty programs.\r\n\r\nBefore purchasing, be sure to check the specific benefits of your provider's Asurion plan. This can be especially confusing.\r\n\r\nFor example, Verizon's Extended Limited Warranty does not cover liquid damage or batteries, but these areas are covered under Asurion's wireless phone protection, which is part of Verizon's Total Equipment Coverage package. (If you choose Verizon's Extended Warranty but not the Total Equipment Coverage, be sure to familiarize yourself with the differences.)\r\n\r\nFor many consumers, price is the most important factor in choosing a warranty program - but keep in mind that most plans include \u00a0a deductible, the amount of money you have to pay if you lose your handset. \u00a0A cheaper monthly fee likely means a higher deductible. Also be aware that varying state laws can result in variations of plan terms and conditions.\r\n\r\nHere are the 5 best smartphone insurance and warranty programs we've found:\r\nBest Cell Phone Insurance Plans\r\n\r\n\u00a0#1 \u00a0AKKO Property Coverage\r\n\r\n\r\n\u00a0iPhone plans click here. (Most iPhone repairs can be completed at an Apple Store if you so choose, or at another repair provider.)\r\n\r\n\u00a0Android and\u00a0other\u00a0smartphones plans click here.\r\n\r\nAKKO, while a new entrance into the smartphone insurance space, is perhaps the most simple and comprehensive. Cost is $15\/month ($12\/month if a student) with discounts if you pay annually, and while that may be a bit more expensive than some competitors, you get a TON more coverage. An AKKO Plan protects not just your iPhone or Android phone, but also your other electronics like laptop, camera gear, headphones and so much more at no extra cost. And unlike other insurance companies, it covers accidental damage. The $100 deductible ($50 for students) is also in the same range as plans from Asurion or Squaretrade, but is significantly cheaper for than the deductibles other plans charge for a theft claim. With AKKO, it\u2019s the same deductible for a damage claim as it is theft. And keep in mind an AKKO plan covers a ton of stuff. You also won\u2019t be given a used iPhone or Android phone as a replacement if you have a claim. You\u2019ll get the money equal to the replacement value of your device and can do whatever you\u2019d like with the cash. Even buy a NEW or upgraded replacement.\r\nDetails of AKKO Plans\r\nPricing\r\n\r\n \tPremium: Adults: $15\/mo or $168\/yr - Students: $12\/mo or $120\/yr (5% discount when you register multiple plans, great for families)\r\n \tDeductible: Adults: $100 \u2013 Students: $50 (same for damage or theft claims, and for any item, phone or other)\r\nCoverage Length: Month-to-Month or Annual\r\n \tNumber of Replacements Allowed: No limit! Nor is there an annual coverage limit \u2013 AKKO has a per-incident limit of $2,000 on their base plan (upgradeable to $10k per-incident limit for higher value items)\r\n \tTime to add the program: Anytime! Covers Accidental Damage & Theft\/vandalism for any age device including used and refurbished and any makes\/models.\r\n \tNotes: Covers (1) phone per plan + add 25 other items to your account to be protected, electronics (laptops, tablets, headphones, smartwatches etc.) and personal items like clothes, watch, sunglasses, skateboard, surfboard and more!\r\n\r\nWhat the Plan Covers\r\n\r\n \tLoss: Loss: \u201cLost\u201d items NO (see more info)\r\n \tTheft: YES\r\n \tAccidental Damage: YES\r\n \tWater Damage:\u00a0 YES\r\n \tDrops: YES\r\n \tMechanical Malfunction: Only due to an accident (drop\/spill etc.) \u2013 not due to age\/wear-and-tear\r\n \tElectrical Malfunction: Only due to an accident (drop\/spill etc.) \u2013 not due to age\/wear-and-tear\r\n \tBattery: Only due to an accident (drop\/spill etc.) \u2013 not due to age\/wear-and-tear\r\n \tService Cost: Cost of deductible, $100 for adults, damage or theft, $50 for students \u2013 same for repairs or replacement.\r\n \tCoverage: Phone + all your other electronics at no extra cost.\r\n \tFire\/Flood\/Natural Disaster coverage: make a claim with AKKO Plan for your electronics\/personal items without claiming against your homeowners\/renters policy which has expensive deductibles or can increase your rates.\r\n \tWorldwide coverage: great for travel, can cover property you rent (ie a bike, surfboard, or camera while on a trip).\r\n\r\n\r\n\r\n\u00a0#2 \u00a0SquareTrade\r\n\r\n\r\n\u00a0iPhone plans click here. iPhone repairs can be completed at an Apple Store if you so choose.\r\n\r\n\u00a0Android and\u00a0other\u00a0smartphones plans click here.\r\n\r\nSquareTrade has a lower base price than many other plans, but a somewhat higher deductible ($99). Loss and theft are not covered, but water immersion is. Note: Through Costco, you can get an even better SquareTrade plan with a lower based price and lower deductible, provided of course you buy the product in their warehouse.\r\nDetails of SquareTrade's (regular) iPhone and Smartphone Plan\r\n\r\n \tPrice:\u00a0$8.99\/month\r\n \tDeductible: $149\r\n \tCoverage Length:\u00a01-5 years, depending on type of plan purchased\r\n \tNumber of Replacements Allowed:\u00a01 - though in some cases, additional replacements are allowed if products are defective\r\n \tTime to add the program:\u00a030 days after iPhone is purchase, or any phone that is currently insured by the carrier.\r\n \tNotes:\u00a0You must purchase the coverage within 30 days of purchase or on an insured phone.\r\n\r\nWhat the Plan Covers\r\n\r\n \tLoss: NO\r\n \tTheft: NO\r\n \tAccidental Damage: YES\r\n \tWater Damage: \u00a0YES (including immersion)\r\n \tDrops: YES\r\n \tMechanical Malfunction: YES\r\n \tElectrical Malfunction: YES\r\n \tBattery: YES, if the original rechargeable battery is defective.\r\n \tService Cost:\u00a0Labor is included\r\n\r\nType of Replacement:\u00a0You will be given\u00a0a new or refurbished product of equal features and functionality, or a cash\u00a0settlement or a Gift Card reflecting the replacement cost of a new item of equal features and functionality up to the Coverage Amount.\r\n\r\nReplacement Time:\u00a0No guarantee of time. Submit claims online or by phone; if your phone can't be fixed with troubleshooting, you'll\u00a0be directed to an authorized service center or given a free shipping label. \u00a0Though they do say that they'll fix it the day it arrives and overnight the phone back to you.\r\n\r\nCancellation Policy: You may cancel any time. Within the 30 days, you will receive a full refund; If you cancel after 30 days, you will receive a pro-rata refund based on the time remaining on your service agreement. You may also want to read about the best unlocked phone.\r\n\r\n\r\n\r\n\u00a0#3 \u00a0Protect Your Bubble\r\n\r\n\r\nProtect Your Bubble\u00a0does not cover loss and theft (updated March 2016) - and it can also be purchased within 12-35 months of buying your smartphone, as long as the phone is still under warranty (most plans only give you 30 days). You can also get money off when you add an additional plan if you want to buy one for a family member. The biggest drawback of the plan is its $150 deductible for iPhones.\u00a0 Update: iPhone deductibles are now $50)\r\nDetails of Protect Your Bubble (regular) iPhone and Smartphone Plan\r\n\r\n \tPrice:\u00a0Starts\u00a0$5.99\/month\r\n \tDeductible:\u00a0$75 for basic phones;\u00a0$150 for smartphones;\u00a0$50 for iPhones\r\n \tCoverage Length:\u00a02 years\r\n \tNumber of Replacements Allowed:\u00a0Unlimited\r\n \tTime to add the program:\u00a0Within 12-35 months of purchase, as long as the phone is still under warranty\r\n \tNote: We've read that there is conflicting info about this company's fees. \u00a0So be cautious and read the fine print as to what their deductibles are. \u00a0They claim a $50 deductible for iPhone but $150 for Samsung smartphones.\r\n\r\nWhat the Plan Covers\r\n\r\n \tLoss:\u00a0No\r\n \tTheft:\u00a0No\r\n \tAccidental Damage:\u00a0YES\r\n \tWater Damage:\u00a0YES\r\n \tDrops:\u00a0YES\r\n \tMechanical Malfunction:\u00a0YES\r\n \tElectrical Malfunction:\u00a0YES\r\n \tBattery:\u00a0YES\r\n \tService:\u00a0Labor is included.\r\n\r\nType of Replacement:\u00a0You will get a replacement of like kind and quality, but claimed devices may be repaired or replaced with new or refurbished equipment or a different model than the original equipment.\r\n\r\nReplacement Time: PYB will ship your replacement device to you for next day delivery if your claim is approved by 8:00 pm.\r\n\r\nCancellation Policy:\u00a0You have the right to cancel your coverage at any time without penalty and receive a refund of any applicable unearned premium. Also, check out the best SIM cards for USA.\r\n\r\n\r\n\u00a0#4 \u00a0AppleCare+\r\n\r\n\r\nSince the\u00a0Apple Care program\u00a0is only available for the iPhone, other smartphone users can ignore this section. Keep in mind that even without Apple Care, you'll get one year of hardware repair coverage through Apple's\u00a0limited warranty\u00a0and up to\u00a090 days of complimentary support (but you can't decide to buy Apple Care after your one-year limited warranty has ended). One of the biggest drawbacks of the Apple Care program is that it does\u00a0not\u00a0cover loss or theft.\r\nDetails of Apple's Apple Care Program\r\n\r\n \tPrice:\u00a0$99 for 2 years (equivalent to $4.13 a month, but is not available on a monthly basis)\r\n \tDeductible: $79 (updated 3\/2016)\r\n \tCoverage Length:\u00a02 years\r\n \tNumber of Replacements Allowed:\u00a02\r\n \tTime to add the program:\u00a0within 60 days of purchase (updated 3\/2016)\r\n\r\nWhat the Plan Covers\r\n\r\n \tLoss: NO\r\n \tTheft: NO\r\n \tAccidental Damage: YES\r\n \tWater Damage: YES\r\n \tDrops: YES\r\n \tMechanical Malfunction: YES\r\n \tElectrical Malfunction: YES\r\n \tBattery: YES, if depletion is 50% of more from original specification\r\n \tService Cost:\u00a0Labor is included.\r\n\r\nType of Replacement:\u00a0A phone that is new or equivalent to\u00a0new in both performance and reliability\r\n\r\nReplacement Time:\u00a0For fastest service, bring your iPhone in to the Genius Bar at an Apple Store. Mail-in service is also available.\r\n\r\nCancellation Policy:\u00a0You can cancel at any time for any reason. If you cancel within 30 days, you will receive a full refund less the value of any service \u00a0provided. After 30 days, you will receive a pro rata refund less a cancellation fee of $25 or 10% of the pro-rata amount, whichever is less. Learn about the best smartphone.\r\n\r\n\r\n\u00a0#5 \u00a0Geek Squad\r\n\r\n\r\nGeek Squad smartphone protection plan is offered through Best Buy, but is also available for smartphones purchased at other stores, provided that the products have been purchased within the last 30 days, are covered under a current manufacturer\u2019s warranty, and are in new and working order.\u00a0What makes this plan stand out is its convenient in-home service and its lack of deductible and cancellation fee. However, loss and theft are not covered.\r\n\r\nGeek Squad's Standard Plan extends your manufacturer warranty, but doesn't cover much on its own; we recommend purchasing the Accidental Damage from Handling Coverage (ADH) plan for the best protection (you can compare the plans\u00a0here).\r\nDetails of the Best Buy's Geek Squad Protection Program\r\n\r\n \tPrice:\u00a0$7.99\/month for accidents, spills and failures. \u00a0$10.99\/month includes the aforementioned + theft\/loss\r\n \tService Deductible: $149 for phones less than $799 or $199 for phones greater than $799\r\n \tTheft Deductible:\u00a0$199 for phones less than $799 or $249 for phones greater than $799\r\n \tCoverage Length:\u00a01-5 years, depending on type of plan purchased\r\n \tService Number of Replacements Allowed: 3 claims in 24 months\r\n\r\n \tTheft\u00a0Number of Replacements Allowed:2 claims in rolling 12 months or 3 in 24-months\r\n \tTime to add the program:\u00a030 days\r\n\r\nWhat the Plan Covers\r\n\r\n \t\r\n\r\n \tLoss: Yes\r\n \tTheft: Yes\r\n \tAccidental Damage: YES, if the product was being used as intended\r\n \tWater Damage: Spills: YES. Immersion: NO\r\n \tDrops: YES, as long as the product did not drop from an elevated height such as a roof\r\n \tMechanical Malfunction: YES\r\n \tElectrical Malfunction: YES\r\n \tBattery: YES, if the original rechargeable battery is defective (1 per phone)\r\n \tService:\u00a0Labor is included.\r\n\r\n\r\n\r\nType of Replacement:\u00a0You will be given a\u00a0new or refurbished product of like kind and quality that is of comparable performance.\r\n\r\nReplacement Time:\u00a0You can schedule in-home service by phone or Internet 24-7.\r\n\r\nCancellation Policy:\u00a0You may cancel at any time; you will receive a pro-rata refund of the price you paid for the Plan based on the percentage of the Plan\u2019s unexpired term, less the cost of any service provided. If you cancel within 30 days, a full refund is given. You might also want to read up on the best smartphone plan.\r\n\r\n\r\n\u00a0#na \u00a0Mobile Rhino - OUT OF BUSINESS\r\n\r\n\r\nUpdate: Mobile Rhino has shut down and is no longer in business.\r\n\r\nMobile Rhino can be purchased at any time. Unlike Apple Care, Mobile Rhino covers loss and theft, and can be renewed year after year - but Mobile Rhino's price and deductible are a bit high. Still, we're rating Mobile Rhino's plan #1 because it covers loss and theft. With most plans, you'll be completely out of luck if you lose your phone - and that doesn't seem worth a monthly fee.\r\n\r\nPrice:\u00a0Personal: $129, Business:$119, Education:$99\r\nDeductible: $99\r\nCoverage Length:\u00a01 year\r\nNumber of Replacements Allowed:\u00a02 per year or $1000 worth of merchandise, whichever comes first\r\nTime to add the program:\u00a0May be purchased at any time\r\nWhat the Plan Covers\r\n\r\n \tLoss: YES\r\n \tTheft: YES\r\n \tAccidental Damage: YES\r\n \tWater Damage: YES\r\n \tDrops: YES\r\n \tMechanical Malfunction: YES\r\n \tElectrical Malfunction: YES\r\n \tBattery: YES\r\n \tService:\u00a0Labor is included.\r\n\r\nType of Replacement:\u00a0You will be given a replacement the same model as your phone; equipment may be reconditioned.\r\n\r\nReplacement Time: You will get a replacement in 24-28 hours; if your claim is submitted and approved by 2pm CST, you will receive your replacement by 2pm CST the next day.\r\n\r\nCancellation Policy:\u00a0You may cancel at any time; any unearned premium will be refunded in accordance with law. If you like Verizon, check out the best Verizon smartphones.