🔜 Mobile Insurance

I’ve been wanting to switch to Monzo full for some time now and only one thing was stopping me. With my traditional bank account, I had an iPhone insurance add-on for roughly £15 per month.

Technically in the eyes of insurance providers, my iPhone X is classed as a second-hand device since it was bought new by a friend and I purchased from him. Bank mobile insurance usually covers second-hand devices.

Recently I found an awesome provider called So-Sure who will insure without any proof as the purchase as long as you validate your phone using there pic-sure technology which is basically as phone selfie. For a cheaper price of £11.

Just like Monzo the UX/UI is superb so I’m would recommend them. Would be an excellent partnership for both companies if Monzo offered mobile insurance in this way and I’m sure this could be stopping a small number of people making the switch.

There is also a feature called reward pot whereby you can link with friends and receive a discount if no one claims. Take a look:

Join my reward pot and we both get £10 https://sosure.app.link/mfry0001 or view the website https://wearesosure.com/


Thanks for sharing @Mitch, it’s interesting to hear about all the different things that keep people tied to their traditional bank accounts even when they’re interested in going “Full Monzo.” Mobile insurance definitely sounds like it could be a good addition to the future Monzo marketplace!


I have a Nationwide FlexPlus Account and kept it open when I switched to Starling. I pay £13/month for the usual range of benefits - travel insurance, mobile insurance, breakdown cover…

The great thing about the mobile insurance is that it covers all mobile phones in the household, including iPhones. I’ve used it multiple times and have saved the monthly account fee many times over - mainly down to the number of times my daughter has managed to smash her iPhone screen!

I’ve looked all over but cant find a family mobile insurance product that comes close to this price. The worldwide family travel insurance and breakdown cover are nice bonuses :slight_smile:


I’d endorse this. You forgot fee free foreign ATM withdrawals, though.


And fee free £250 overdraft!


The packaged bank account example in the OP isn’t even the cheapest or best value package, Nationwide provides mobile insurance PLUS a whole load of other stuff for £13 per month, and covers new handsets.

Packaged accounts were introduced in the nineties when high street banks went through a phase of buying insurance companies to provide bancassurance products (a French model) and they could monetise their customer base by cross–selling.

I’d say Monzo are as likely to introduce a packaged account as they are their own airline.

This stuff will be sold through the marketplace by specialist providers.


Welcome to Monzo Airways! :airplane:


Before going full Monzo I had mobile insurance with my old current account - the current account fee was £12.95 per month. I was also paying £16 home contents insurance each month. When I closed down my old current account, I signed up to a difference contents insurance provider - £10.25 per month which covers possessions, such as my phone, out of the home along side the usual at home cover. So much cheaper now!

I also found a nice insurance app called WeCovr. It gives a better value for phone insurance than the one you mentioned plus many other kinds of covers. Check it out on: https://wecovr.page.link/start or on https://wecovr.com

It’s quite a sleek app and gives instant quotes in just a few taps. Plus you can get your premium refunded/reduced if any friends you invite buy some coverage for themselves! Enjoy!

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I use Barclays at the moment, it’s about £14.50 which includes some other electronic insurance but it would be great if Monzo Plus covered this too maybe…

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What about if Non-MonzoPlus’ customers wanted to be able to get Mobile Insurance through Monzo, I know that Revolut provided this option to their ‘Standard Account’ non paying customers, and would charge them for Device Insurance over a 12 month period.

I went with a third party as I wasn’t really wanting to keep my Revolut account, if I was I would have probably used their Insurance for my Mobile.

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