New Research Reveals Brits Overpaying for iPhone Insurance by Buying Directly Through Mobile Network Providers

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It’s one of the must-have gadgets of 2010 and Brits have been buying it up in huge numbers, but when it comes to insuring the iPhone, the majority of us are paying way over the odds, according to new research by specialist gadget insurer, http://www.protectyourbubble.com.

Buying through your network may be the easiest option but it’s the hardest on your wallet when it comes to insuring the iPhone

It’s one of the must-have gadgets of 2010, the most-searched-for mobile by a distance on the UK’s biggest mobile phone comparison website, Top10.com, and Brits have been buying it up in huge numbers. But when it comes to insuring the iPhone, the majority of us are paying way over the odds on iPhone insurance by buying it through our network providers, according to new research by specialist gadget insurer, http://www.protectyourbubble.com .

The problem is that the majority of Brits insure their iPhone with the network they have bought the phone through, usually at the point of sale in the shop or over the phone. But this is the most expensive way of doing so.

For example, to insure an iPhone with 3 costs £12 per month, with Vodafone £12.99 per month and Phones4U an eye-watering £13.99. However, the exact same insurance can be purchased through specialist gadget insurers for more than half of these prices. Protect Your Bubble, for example, charges just £5.99 per month.

Given that 60% of all theft claims at Protect Your Bubble relate to smartphones, and that the number of smartphone thefts has risen by 10% over the past year alone, insurance is vital when buying an iPhone. Without insurance, the cost of replacing an 8GB iPhone 3GS is around £420 while a 32GB iPhone 4 costs £599.

Stephen Ebbett, director of specialist gadget insurer, Protect Your Bubble, comments: “The iPhone is a major consumer hit but because so many people take out insurance through their network provider it’s also an additional hit to their pockets. With Christmas coming up, the iPhone is set to be one of the most popular stocking fillers and so it’s crucial people are aware of the savings that can be made by spending a few minutes searching for far more competitive insurance online. Buying through your network may be the easiest option but it’s the hardest on your wallet.”

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Notes To Editor:

Specialist online gadget insurer, Protect Your Bubble, offers iPhone insurance for just £5.99 a month, more than 50% less than policies offered by the major networks. The excess for the iPhone is £50. The first month is free on all gadget insurance policies and discounts are offered if you buy cover for multiple gadgets. Worldwide cover is offered as standard, and a replacement is guaranteed within 48 hours. Loss cover can be added for an extra £1 per month.

About Protectyourbubble.com

Online insurer http://www.protectyourbubble.com aims to simplify the process of taking out personal insurance – from buying a policy to making a claim.

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Dominic Hiatt
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