Second party insurers may be a better deal for some, but keep in mind that TEP offers a few additional features like free in store repair. It isn't as simple as comparing monthly cost and deductible alone. Also be aware that yearly plans are usually not refundable or transferable so you may end up covering a device you no longer own. Another thing many don't check is that they may already be covered via homeowners or apartment dweller insurance. Be aware of the replacement value for your phone (check periodically), if you can buy one on ebay for near the deductible cost, you probably should not be buying insurance for it at all.