Best Phone Insurance Comparison Table

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Check out how an AKKO Plan compares to your standard phone insurance and device protection plans from other companies.

AKKO
vs.
Standard Device Protection Plans

(AppleCare, Cell Phone Insurance, Geek Squad, Squaretrade)

Are you looking to save money on your phone insurance? Or maybe you don’t have any phone insurance because you know it’s too expensive.

Well, whereas the standard protection plans and phone insurance plans available today only ever cover the ONE device you bought the plan for, an AKKO Plan covers ANY 25 items you want to add to your account and still only costs $15 per month! Whether you want to add electronic devices (phones, laptops, tablets, headphones, smartwatches) or items like your cameras, guitar, sunglasses, or surfboards, you can cover them all at no extra cost with AKKO!

Just see our comparison below between an AKKO Plan and other protection plans and phone insurance, the winner is an easy pick…

Protection Plans:

AKKO Plan:

Protection Plans

AppleCare, Cell Phone Insurance,
Geek Squad, Squaretrade

AKKO Plan

Any 25 items protected

Cost =

$12 - 15

per month, per device

$15

/mo

Includes ANY 25 items

# of Devices Covered =

1

for the device you bought it for

25

Any 25 items you choose!

Deductibles =

$100 - $400

$99

Damage or Theft

Accidental Damage

YES

Theft

YES

Coverage Limit =

Replacement Cost

of your device

$2,000

Per Incident

Claims Allowed =

1 - 2

or limited by cost of device

UNLIMITED

No Rate Increases

So, are you looking for the best Phone Insurance you can buy? There’s only one clear choice when it comes to the best value for protection.

You can plainly see from this comparison how the AKKO Plan stacks up against your run-of-the-mill phone insurance and protection plan offerings from competitors like AppleCare, AT&T, Verizon, T-Mobile, Geek Squad, or Squaretrade.

Learn More in our Detailed Article “What’s the Best Phone insurance? – 2020 Comparison” as well.

Coverage Info and FAQs

  • Cracked Screens
  • Spills & Liquid Submersion
  • Accidental Damage (like drops)
  • Damage & Malfunctions from Accidental Damage/Drops
  • Theft & Vandalism
  • Theft of items from an unattended vehicle
  • Fire, Flood, & Natural Disasters
  • Power Surge by Lightning

Any and all of your belongings! 

Electronics:
Phones, laptops, tablets, smartwatches, TV’s, desktop computers, monitors, and more

Photography/Video equipment: 
Cameras, lenses, accessories, tripods, gimbals, all other gear

Audio/Music Gear: 
Speakers, electronic music instruments, DJ equipment, headphones, musical instruments, and other gear/peripherals

Gaming:
Videogame consoles, controllers, peripherals, VR, and more

Personal Transportation items:
Bikes, scooters, skateboards, hoverboards, unicycles

Sports/Recreational Gear:
Skiis, snowboards, surfboards, golf clubs, tennis rackets, camping/climbing equipment, and other sports gear and accessories

Clothing & Accessories:
Clothes, jackets, shoes, sunglasses, watches, jewelry, and more

Appliances:
Blenders, coffee makers, microwaves, and other appliances, including the ones pre-furnished in dorms/apartments/homes you’re living/renting in

School Supplies:
Textbooks, backpack, calculators, other educational tools and items

Drones + peripherals/accessories

——————————-
As long as an item isn’t listed under “What items are NOT covered” in the next section, then it is eligible to be added to your plan!
———————————

Limitations:

The AKKO Base Plan ($15/month for adults, $10 for students) includes $2,000 of coverage PER INCIDENT*. There are no annual coverage limits or a limit on the number of claims you may file. 

*$2,000 of coverage PER INCIDENT means that if next week on Monday your phone is stolen, up to $2,000 is covered for you to replace your phone. 

If the next day on Tuesday you drop your laptop and the screen is smashed, up to $2,000 is covered for you to repair it.

Even if that same day, Tuesday afternoon, you also drop your sunglasses and the lenses crack, up to another $2,000 is covered for you to repair or replace them.

This demonstrates PER INCIDENT coverage. And there’s no limit on how much can be paid out for mishaps of Accidental Damage or Theft each year, or even each month, week or day.

HOWEVER, if during a single incident someone steals your entire backpack, filled with your phone, laptop, and sunglasses, up to $2,000 total is covered to replace all those items and any other contents of your backpack, plus the backpack itself.

Higher PER INCIDENT coverage limits are available! 

Once you’re registered, you can upgrade your coverage to a PER INCIDENT coverage limit as high as $10,000! But for a more common $3,000 – $5,000 PER INCIDENT coverage limit upgrade, it’s only a couple more dollars per month 🙂

The $2,000 of PER INCIDENT coverage is more than enough for the majority of users based on our studies and the claims rates of currently covered users nationwide. But for those with more expensive items like a high-end laptop, or specialty gear like photography or music/audio equipment, the option to upgrade your limit is easily available. Plus you can change your coverage limit whenever you like, upgrading or downgrading, and pay a pro-rated adjusted amount.

Feel free to Contact Us with any questions!

—-
Other Limitations:
1. Coverage for jewelry, watches, rings, and other items consisting of gold, silver, or platinum or furs is limited $1,000.00 for any one Loss.

2. Coverage for bicycles is limited to $1,000.00.

3. Property in a personally owned automobile is covered, provided that the vehicle was locked and windows are fully closed at the time of theft and there was visible evidence of forced entry into the vehicle.

 

The short answer:  because AKKO is using technology to make facilitating and managing your coverage more efficient and cost less. Typical insurers charge really high fees on the insurance and protection plans you buy because of the work involved in processing policies and claims, as well as the cost to advertise and market the coverage to consumers.

At AKKO, we’re trying to change that so that customers can get great and affordable coverage that’s simple and all-inclusive, instead of being taken advantage of by purchasing multiple protection plans and insurance for all the stuff they own individually.

Yup! The amount you pay when something of yours is damaged or stolen is called your “deductible.”

For adults, the deductible is $99 per claim. If you’re a college student or have a .edu email to register with though, it’s only $25!

It’s the amount we deduct from your payout for a claim.  

The reason insurance plans contain a deductible is so that you are still motivated to be careful with your stuff.

But we make sure to set a deductible that’s at least easily affordable rather than the $100 – $400 deductibles on most other protection plans for phones, laptops, and other items.

The AKKO Base Plans ($15/month for adults, $10 for students) includes $2,000 of coverage PER INCIDENT**. There are no annual coverage limits or a limit on the number of claims you may file. 

**$2,000 of coverage PER INCIDENT means that if next week on Monday your phone is stolen, up to $2,000 is covered for you to replace your phone. 

If the next day on Tuesday you drop your laptop and the screen is smashed, up to $2,000 is covered for you to repair it.

Even if that same day, Tuesday afternoon, you also drop your sunglasses and the lenses crack, up to another $2,000 is covered for you to repair or replace them.

This demonstrates PER INCIDENT coverage. And there’s no limit on how much can be paid out for mishaps of Accidental Damage or Theft each year, or even each month, week, or day.

HOWEVER, if during a single incident someone steals your entire backpack, filled with your phone, laptop, and sunglasses, up to $2,000 total is covered to replace all those items and any other contents of your backpack, plus the backpack itself.

Higher PER INCIDENT coverage limits are available! 

Once you’re registered, you can upgrade your coverage to a PER INCIDENT coverage limit as high as $10,000! But for a more common $3,000 – $5,000 PER INCIDENT coverage limit upgrade, it’s only a couple more dollars per month 🙂

The $2,000 of PER INCIDENT coverage is more than enough for the majority of users based on our studies and the claims rates of currently covered users nationwide. But for those with more expensive items like a high-end laptop, or specialty gear like photography or music/audio equipment, the option to upgrade your limit is easily available. Plus you can change your coverage limit whenever you like, upgrading or downgrading, and pay a pro-rated adjusted amount.

Feel free to Contact Us with any questions!

—-
Other Limitations:
1. Coverage for jewelry, watches, rings, and other items consisting of gold, silver, or platinum or furs is limited $1,000.00 for any one Loss.

2. Coverage for bicycles is limited to $1,000.00.

3. Property in a personally owned automobile is covered, provided that the vehicle was locked and windows are fully closed at the time of theft and there was visible evidence of forced entry into the vehicle.

We re-state all this information under this separate Frequently Asked Question because sometimes users don’t click through all questions/answers and we want to make sure all prospective customers are fully informed 🙂

Automobile, motorcycle, boat, motor, aircraft or aircraft parts or any type of motorized land vehicle or other conveyances or their accessories (including car stereos, GPS navigation devices, keyless entry), money in currency or coin, evidences of debt, letters of credit, passport documents, notes, securities, transportation tickets or any other tickets, pharmaceuticals, prescription or over- the- counter, artwork, professional or amateur, antiques or collectables, animals, firearms or ammunition, salesman samples, contact lenses, keys, artificial teeth or limbs, or merchandise for sale, forms of identification, including student ID’s and driver’s licenses.

  1. Coverage for jewelry, watches, rings, and other items consisting of gold, silver, or platinum or furs is limited $1,000.00 for any one Loss.
  2. Coverage for bicycles is limited to $1,000.00.
  3. Property in a personally owned automobile is covered, provided that the vehicle was locked and windows are fully closed at the time of theft and there was visible evidence of forced entry into the vehicle.

All plans are per individual and will only cover items that the named individual on the policy owns.

This means that if you file a claim, you must have proof of ownership of an item with your name on it (a purchase receipt, billing statement, etc.)

Plans cannot be shared with friends but if you are an individual who purchased items for your family members (ie your spouse or child) then their items can be added to your plan and covered in the event of a claim.

Your coverage begins 12:01AM the day after your account has been activated, following your payment and registration.

As soon as your items are added to your account along with their pictures, they’re fully protected!

All coverage plans are backed by Allmerica Financial Benefit Insurance Company, a member of The Hanover Insurance Group (est. 1852). This American insurance company has a long history of protecting the property of individuals from unforeseen damages and theft and has maintained an “A” (Excellent) rating from A.M Best Company for years. The Hanover Insurance Group is a $5 Billion U.S. publicly traded company and currently backs the coverage of over 400,000 students nationwide!

AKKO serves as a facilitator of this insurance coverage with added enhancements for our users that are unique to our platform as well as a simpler and faster process for being able to get your stuff covered and process claims faster and better.

Leave a Reply or Ask a Question

Get Covered Today!

AKKO Plan

Accidental Damage & Theft Protection
$ 15
/month
  • Phone Insurance plus way more!
  • Any 25 items protected
  • $99 Deductibles for any claim
  • $2,000 limit per claim*
  • Unlimited claims
  • Apple Store repairs covered
  • "A" Rated Coverage by Hanover Insurance

About AKKO:

It’s Everyday Insurance.
We provide a protection plan to simplify covering all the items you use most and care about. From all your electronics including your phone and laptop, to photography and music equipment, bikes, skateboards, sports gear, clothes, shoes, and more!

Like & Follow Us!

Choose Plan:

Use Discount Code: NOFEE at Checkout for FREE Activation!

Use Discount Code: NOFEE at Checkout
for FREE Activation!

To sign-up for the Student Plan, you can be any type of student, from middle school to high school, including incoming college student, current college student, or recent graduate. Students at any 2yr, 4yr, or graduate school are all eligible as well. Any age.

To register for an AKKO Plan, you must have a U.S. mailing address.

Before you go...

Why not try out an AKKO Plan RISK FREE for 30 days?

Protection for ANY 25 items you own against Damage and Theft for Only $1 ! If you want to cancel, there’s no fees or hassle.

Backed by "A" Rated Insurer - Hanover Insurance