My wife an I have had the same carrier since 2002. We finally went to smart phones a year and a half ago. When we bought our phones we wanted to pay upfront, but the store wanted us to do the monthly payments. When I insisted on paying in full, they gave me a price that was actually higher to pay outright versus over the course of a year. I think they do it because they want you to get used to paying a higher bill and get used to changing phones yearly.
We’ve never had insurance on our phones. When we started asking questions, it turned out to not be cost effective. 15 buck a month is 180 a year. You can usually get a used phone or repair your phone for less than that. I cracked my screen and it cost me 125 have it replaced. I’ve had a year an a half, so I would have paid a quite a bit more.
Obviously the insurer is betting that you do not have a claim and you are betting that you will. Since they write the policy, they have the advantage.
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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