Best Laptop Insurance Companies 2023

When selecting a laptop insurance plan, consider what it actually covers, policy limits, and any coverage exclusions. To assist you in making your decision, we selected the top five laptop insurance plans based on cost, coverage, where you use your laptop and other factors.

Best Laptop Insurance of 2023

Worth Ave. Group

Worth Ave. Group is our top pick because it provides the most comprehensive coverage, including accidental damage, theft, and extended warranty coverage. It also has a strong track record of customer satisfaction and offers discounts through partner retailers.

Worth Ave. Group provides laptop insurance to adults, college students, and K-12 students. It stood out as the best overall because it covers the most perils and has a long track record of high customer satisfaction. The insurer only offers a basic plan for laptop insurance, but it covers a wide range of perils such as theft, vandalism, power surges caused by lighting, cracked screens, natural disasters, and spills.

Policies are available for all laptop models, new and used, across the country. You can get a quote by filling out their online application form, which requires you to enter your state of residence, user type, coverage amount, and policy term. Before purchasing a policy, you can also contact customer service at 1-800-620-2885 or ask questions via their live chat option.

The premiums for your policy will vary depending on your state of residence, policy length, and coverage amount. A Louisiana resident, for example, who wants $500 in coverage for a one-year term can expect to pay $48 if paid annually. In comparison, a Florida resident would pay $37 for the same coverage. However, all online quotes obtained directly through their website are subject to a $100 deductible.

Policyholders can submit a claim online by logging into their policy page, going to the claims center page, and entering the required details before submitting. Another option is to print the claims form and mail or fax it once completed.

Asurion

Asurion distinguishes itself by providing a policy with either individual warranty coverage or the ability to bundle it with other electronics in your home for a low monthly fee.

Because of their ability to bundle other types of electronics for one monthly fee (also known as their Asurion Home+ plan), Asurion took our top spot for multiple policies. Furthermore, you can buy policies from Amazon at the same time as you buy your new laptop. Asurion, which was founded in 1994, has offices all over the world and has received excellent customer feedback.

Although it does not cover loss or theft, it does cover perils such as power outages, cracked screens, spills, and damage from normal wear and tear. Policies are distributed nationwide, and if you choose the Asurion Home++ plan, you can purchase a policy through Amazon or their website—there is no need to obtain quotes.

The Asurion Home+ plan is $24.99 per month with coverage beginning 30 days after enrollment. Individual laptop insurance plans differ, but coverage typically includes drops and spills, cracked screens, and hardware failure. To file a claim, policyholders visit Asurion's website.

Securranty

We've found that Securranty has the best prices for individual policies. Furthermore, policyholders who purchase longer terms receive a discount, and those who purchase two or more policies receive a 10% discount.

We chose Securranty as the best for low premiums because it offers a variety of discounts, such as discounts for purchasing multiple policies. The insurer, headquartered in Houston, Texas, was founded in 2011 and is a licensed insurance agency that provides extended warranties and insurance plans.

The company provides insurance for both adults and students in K-12 settings, with plan tiers for accidental damage and coverage against loss, standard perils (such as fire), and theft. Policies are available throughout the United States, and obtaining a quote is as simple as filling out information on its online form.

Prices vary depending on the type of laptop and the length of the policy—the price does not depend on the value of your laptop, which is unusual. A one-year accidental damage policy for a new laptop, for example, costs $29.95 per year, whereas a five-year plan for the same coverage costs $19.95 per year.

Policyholders can file a claim online or by calling customer service at any time of day or night.

SquareTrade

SquareTrade is ideal for new devices because it covers spills and liquid damage from the first day of coverage, which is one of the most common accidents with new laptops.

SquareTrade provides some of the best overall protection, as well as an easy online claims process and add-ons to their standard plan. This insurer, founded in 1999, collaborates with larger corporations such as Allstate to provide laptop insurance to major retailers such as Costco.

Their plans include the following:

• Standard protection: This plan takes effect when your manufacturer's warranty expires and covers mechanical failures such as power supply burnout and screen failure.
• Accident protection: This plan provides coverage beginning the day you purchase your plan and includes accidents such as drops and spills in addition to what the standard plan covers.

The insurer provides coverage for all types of new laptops as long as you buy and register your device within 30 days of purchase, making it the best option for those who have just purchased a new laptop. The online purchasing procedure is simple: select the laptop's purchase price, desired deductible, and length of coverage. After entering your personal and payment information, you will have three days to register your plan (this is optional). This will save you time if you ever need to file a claim.

Policies are available nationwide, with prices ranging from $79.99 for a two-year policy with a $25 deductible to $999 for a three-year policy with no deductible. To file a claim, go to their claims page and enter the necessary information, such as the details from your purchase receipt and the serial number of your laptop.

One major disadvantage of SquareTrade is that it does not protect your laptop from loss or theft.

Upsie

Upsie is one of the few companies that provides protection for used, open box, or refurbished laptops. It also has a lower deductible than other providers who cover used laptops.

Upsie, a relatively new company founded in 2018, is ideal for older devices because it is one of the few companies that offers coverage for used and open box items. You may be eligible for coverage if your laptop was purchased within the last 60 days and has a 30-day seller warranty. The majority of laptop brands are supported.

Obtaining a policy quote is simple. You'll need to provide information such as the type of device, brand, whether it's new or used, the purchase price, and length of plan on their online application form. You can select a two- or three-year plan, and all plans include a $25 deductible. Screen cracks, accidental damage such as spills, and power surge damage are all covered.

Policies are available nationwide, with prices ranging from $41.37 for a two-year policy to $321.01 for a three-year policy, depending on the cost of your laptop. Customer service is the only way to file a claim.

In conclusion

It is critical to determine the type of coverage you require when purchasing laptop insurance. While all of the above companies provide coverage for mechanical breakdown, spills, and cracked screens, not all provide coverage for theft and loss. If you require that level of protection, keep in mind that policy premiums may be higher. Overall, we recommend Worth Ave. Group for its comprehensive coverage, but Securranty is a worthy contender for a more affordable option.