Need mobile phone insurance? Read on to find out more

Many contract providers automatically add the cost of insurance to your monthly payment. This figure may be well over the odds for typical mobile insurance and you may find that you will do better looking elsewhere. Some house and contents insurance policies can have mobile phones added to them or you could look elsewhere and insure your phone separately.

You also need to weigh up the cost of the insurance versus the value of your mobile phone. The typical cost of mobile insurance for a year is £70. Most handsets are not worth this amount, so you could be paying out more than your phone is worth.

Losing a mobile through whatever means always causes hassle and frustration however especially since it tends to be the only place that most people store numbers these days. It is worth looking at standalone insurance providers for your mobile if you cannot use your home insurance. The best policy we can find is with Talkcover. For mobile handsets worth £200 or less, the monthly rate is £1.87 per month. To find out more check out moneysavingexpert.com.