Photo of a frustrated person with a broken phone

Verizon Insurance Plans Compared

Verizon offers several different phone protection or insurance programs. Here’s each plan and the typical monthly price for single-line protection (pricing as of June 2020):

  • $17 – Verizon Protect
  • $14 – Total Mobile Protection
  • $11 – Total Equipment Coverage
  • $6.85 – Wireless Phone Protection
  • $5 – Extended Warranty

Let’s run through each of those in reverse order.

Extended Warranty

Verizon’s extended warranty covers mechanical issues, electrical problems, and battery failures after the original manufacturer’s warranty expires.

Wireless Phone Protection

Verizon’s Wireless Phone Protection program offers coverage for phones that are lost, stolen, accidentally damaged. It also includes coverage for post-warranty defects.

The plan includes a deductible that varies by phone model. When I checked a few devices, I found that recent flagship phones had deductibles of about $200. My favorite budget-friendly phone, the Motorola G7 Play, had a deductible of only $9. You can look up the deductible for your phone model here.

The Wireless Phone Protection also includes coverage for cracked screens. Rather than paying the regular deductible, screen repairs come with a $29 fee regardless of a phone’s model.

In my view, the Wireless Phone Protection plan offers the best bang for the buck for most customers purchasing insurance.

Total Equipment Coverage

The Total Equipment Coverage plan offers everything in the Wireless Phone Protection plan plus coverage for battery failures on select phones.

Total Mobile Protection

The Total Mobile Protection plan includes everything in the Total Equipment Coverage plan with the addition of access to Verizon’s Tech Coaches. These tech coaches are support agents that can help with device-related questions and issues.

Verizon Protect

Verizon Protect offers everything included in the Total Mobile Protection plan. Verizon Protect subscribers will also get access to Verizon apps that may be used to filter spam calls or enhance digital security.

Visit Verizon’s Website