In today's mobile phone market, you'll be able to find phones that are relatively cheap and phones which are expensive such as iPhones and Smartphones. Whether you have an inexpensive one or one of the top range phones, when you lose or damage your phone, it can be incredibly frustrating.

Not only will it cost you plenty of money to get the phone fixed or replaced, but it can take a while meaning that you'll be without a phone for at least a couple of days. There's nothing more annoying for a mobile phone user than being completely out of touch for a specific time. So what's the answer?

Mobile phone insurance is the answer, as it will protect your phone against damage or theft, ensuring that if something happens to it, you'll get a swift response and a replacement phone without having to pay huge amounts. All you have to do is pay a little a month, and the excess if you make a claim.

The excess is dependent on the policy you take out, but could be anything from £10 to £30. Now considering an iPhone is valued over £200, paying a little excess is well worth it, instead of forking out another £200 plus.

However many people still ask, "Is it worth getting mobile phone insurance cover?" This really depends on the individual, the type of phone they have and what contract they are on. However in most cases it is well worth paying a little a month, to ensure that you'll always have a phone and never lose touch from friends, family and everything else you use your phone for.

The first thing you should consider is whether or not you're the type of person who often loses or damages their phone. If you have ever done this, and you have a particularly expensive phone and contract, getting insurance on your phone is a no brainer.

A lot of people have said that mobile phone insurance isn't worth it, because they pay a few pounds each month, never to make a claim. However this can be the case for most insurance policies you take out. For example, when was the last time you made a claim on your car, home or travel insurance? For the sake of £3.99 a month, it isn't worth the risk avoiding this type of insurance. If you skip it, you know that you'll end doing something silly to your phone which could end up costing you hundreds of pounds to fix.

So for peace of mind at least, phone insurance makes sense. Make sure you shop around as well, look for different providers and go with the one who can offer you the best value for money, and not necessarily the cheapest. 

If you consider purchasing mobile phone insurance, you need to make sure that you meet some standard requirements; almost anyone can take out phone insurance, but you usually you have to be over 16 years old and a UK resident.