Last April I asked the question, Is Cell Phone Insurance Worth the Price? I think I came up with the proper determination as to whether Cell Phone Insurance is worth it.

…there seems to be a turning point when your replacement phone (through e-bay, Craig’s list, etc.) is at or near the price of your deductible.

When I wrote that post in April of 2010 my phone, the HTC Hero, sold on e-bay at 2.5 times my deductible, $100.  As such, I felt that in the off chance that I had to replace the phone it was with the insurance.

However, upon reading Tim’s (from Faith and Finance Fame) standard argument against cell phone insurance, and my standard comment defending it…I thought to myself that I haven’t tested my theory in months. So, I headed over to e-bay and put in my phone to see if a general price for my phone.

I wasn’t surprised to learn that my 18 month old phone that once cost $200 to $350 out of contract was on sale around $90 to $110.  That is all it took for me to cancel my cell phone insurance.

Canceling My Sprint Cell Phone Insurance

I couldn’t believe how easy it was for me to cancel the $7/month charge on my cell phone service. All I had to do was:

  1. Sign into my Sprint Account
  2. Go to My Account
  3. Choose my subaccount (The Wife just got a brand new Blackberry bold so we are keeping her insurance – for the reasons I explained above)
  4. Change Add Ons
  5. Uncheck my Insurance button (Total Equipment Protection)

 

Sprint Insurance

It was that simple.  Thanks Tim for reminding me to look into it.