When i signed up to my mobile phone plan I was scared into getting out phone insurance. they told me that every minute one phone is stolen in the UK and i could always cancel it after six months. nine months later and I'm trying to cancel it and they are making me jump through hoops to end it. I've never had a phone problem and think it's seriously a rip off. If you look after your phone and always keep your eye on it you can prevent it being stolen or broken! plus most contracts offer you a new handset upgrade when you're getting toward the end of your contract so i think it's really unnecessary to get phone insurance. If you're looking for a way to save money, i'd cut off your phone insurance for a start.