Broken Phones: Frequent and Expensive – AKKO Can Help!

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As our reliance on devices continues to grow, it’s becoming increasingly important to consider the likelihood of accidents and malfunctions occurring. While these incidents can happen to anyone, they can be particularly devastating for those who rely on their devices for work or other important tasks. In this blog post, we’ll explore just how often devices break and how expensive it can be to fix them.

Frequency of Device Damage

According to studies conducted by independent research firms, device damage is more common than you might think. For example, SquareTrade found that 64% of people have cracked their smartphone screens at least once, with 62% of those people cracking their phones by accidental drops (PR Newswire). According to a recent survey by the Pew Research Center’s Internet & American Life Project, 39% of desktop or laptop computers reported that their machines did not work properly at some time in the previous 12 months. Moreover, 29% of cell phone users say their device failed to work properly at some time in the previous year.

The Expense of Device Damage

These numbers might be surprising, but they highlight an important reality: accidents happen, and they can be costly. When it comes to the cost of repairing devices, it’s important to note that the costs can vary greatly depending on the type of device, the extent of the damage, and the location of the repair. However, according to Home Advisor, the average cost of repairing a smartphone screen is $200, but a simple repair can range anywhere from $50 to $600. Additionally, the repair cost for a computer averages about $65/hour, ultimately costing between $50 to $150 per repair, depending on your location. 

These costs can add up quickly, particularly if you find yourself having to repair or replace your devices frequently. For this reason, it’s worth considering device insurance. Device insurance plans can help protect you from the financial burden of unexpected device damage or malfunctions. By selecting a plan that fits your needs and budget, you can rest assured that you’ll be covered in the event of an accident or malfunction.

Device Insurance Plans

It’s important to note that device insurance plans can vary greatly in terms of coverage and cost, so it’s crucial to do your research and select a plan that’s right for you. Some plans may cover accidental damage, while others may only cover malfunctions. Some plans may have a low monthly cost but a high deductible, while others may have a higher monthly cost but a lower deductible. When selecting a device insurance plan, it’s important to consider your budget, the type of devices you have, and your individual needs.

How AKKO Can Help

One option to consider is AKKO. We offer plans for smartphones, tablets, laptops, and other devices, and coverage includes accidental damage, liquid damage, and mechanical breakdowns. Our plans also come with additional benefits such as 24/7 customer service and a hassle-free claims process.

In Conclusion

In conclusion, devices are a critical part of our daily lives, and the likelihood of accidents and malfunctions occurring is high. Ultimately, the decision to purchase device insurance is a personal one. However, given the high frequency of device damage and the costs associated with repairing them, it’s worth considering. Having coverage can provide peace of mind and protect you from unexpected expenses, and AKKO is here to help.

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Protect 1 phone + all your electronic devices and more (25 items total)

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Theft
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Phone Only
Protection

Protect any phone against damage, breakdowns, and theft

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Protect Any Phone¹
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Theft
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Phone Only Plan

AKKO Plan

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Phone Only Plan

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Protect music instruments and audio gear

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Protect sports equipment

Phone Only Plan

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$29 – $99
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$75 – $99
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$75 – $99
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N/A

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$99

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