There are several ways you can reduce your monthly cell phone bill, but the quickest and easiest is to drop the “insurance” premiums you’re paying each month.
The average cost of this “protection” is $4.99 – $5.99 per month with the largest U.S. carriers. Additionally, should you ever actually need to use the service after your phone has been lost or stolen, you’ll usually be subjected to a deductible, which is in the $50 range for most service providers.
Re-evaluate the need for this added service. Unless you have a very expense cell phone, it’s not likely to be a good value.
Instead, save your old phones after upgrading to newer models. This way, if your newer phone needs emergency replacement, you can always activate the older model.