New device insurance is the worst. Simple hack instead.

Set aside an account to "self insure" and fund the account with the cost of the insurance each time it is offered instead of buying the insurance. Buy bitcoin with the funds for bonus points. You'll be amazed how quick this will add up to enough to cover a new phone.

If anything breaks fund the replacement out of your account, guaranteed 100% payout unlike insurance.

The only way this doesn't work long term is if the insurance companies were charging unprofitable rates, but they do make a profit and have a massive overhead cost.

Added benefit, no insurance paperwork to track.