Mobile phones can range dramatically in price these days, available from just a few pounds for a very basic model, increasing to well over 1000 GBP for more advance and desirable handsets.
The rule of thumb in phone pricing is a combination of brand name functionality and desire.
Apple seems to be winning the third component of desire, with the incredible success with the iPhone range.
Nokia and Samsung tend to be the two follow up desirable brands at present that command the premium pricing bracket.
When it comes to deciding whether protect your new hand set with an insurance plan, there are some options to consider, these will decide the price you will pay for the protection, which can also impact on the quality of the insurance product you decide to purchase.
First of all it is worth pointing out there is more than one way to insure your mobile phone.
You could accept the mobile phone insurance offered to you in store when you purchase your new handset, although this will undoubtedly be the most expensive option, as the mobile networks tend to charge a premium price.
Another two options are to make use of your home contents insurance if you have the cover available on your policy, or secondly, you may have a premium bank account that offers mobile phone insurance as a perk of your paid account.
However, one of the most popular methods of insurance for mobiles at present is to use a standalone policy that is specially designed to offer protection for your handset.
If you choose this method, it would be wise to make sure it covers all possible eventualities', such as theft, loss and water damage, as some policies may exclude one or more of these elements.