it all depends how you look at it, i cut mine off because... lets say you break it after 12 months, $15x12 = $180 + say $300 to fix = $480 on a $1600 phone so roughly 30% of the phone's worth paid again opposed to a car, worth say $25,000 (average new car) you crash it after 12 months, $600 for a years insurance, then $400 excess (my plan at least) = $1000 of a $25,000 car so roughly 8% of the cars worth paid again thats how i look at it at least haha