Best bank account for: breakdown + mobile phone insurance

big-saver_2

Hi everyone,

I searched the site and didn't find a page with advice on the best bank account that includes mobile phone and breakdown cover. Most of the banks provide an account for a monthly fee. I would like breakdown cover and mobile insurance for myself and my wife.

I heard that Lloyds offers an account that pays 4% interest if you hold between £5000-7000 in the account and that you can get breakdown/mobile/travel insurance for £12 per month. That sounds good to me, or perhaps I could do better?

Thanks for any help!

cooki2222

Halifax ultimate reward account offers travel/mobile insurance & breakdown plus if u pay in £1000 a month you get a £5 reward

Tubbss

Hi

With Co-Op Priviledge Premier account - £13.00 per month you get

mobile cover for upto 4 phones (they cover blackberries and iPhones with this)
breakdown cover
worldwide travel insurance
discount card for days out
access to your credit file with the credit reference agency and covers identity theft / registration with CIFAS

glider3560

Remember that £12 per month is £144 per year. Price up breakdown cover: with cashback you can get policies for between £10 and £50. For the mobile phone insurance, see if you are already covered on your house insurance. If not, see how much it would cost to add or price up individual phone insurance. Probably much less than £144 for both of these!

big-saver_2

Good suggestions everyone! Thanks

I have an iPhone 4 and so does my wife. Some policies exclude iPhones. To ensure both with a specialist mobile phone policy looks like £54 per year (cusc.co.uk) so for 2 phones that is £108 per year.

I need to buy home insurance next month, so if I pick a policy that includes mobile cover, then that might be the cheapest solution as glider3560 suggested.

For just breakdown cover, RescueMyCar.com will do it for £25.40 per annum which is a lot cheaper than I thought.

Any other suggestions very welcome!

opinions4u

I'm with Glider on the whole.

The only concerns I have with a using a home contents policy for mobile phone cover are around excess (e.g. my home policy has a £200 excess, not much use for a broken iPhone screen) and no claims discount. I'd hate to lose my NCD for the sake of a mobile pohne.

My stepson's Halifax URCA (£150 a year minus £60 'Reward' = £90 cost) does cover the iPhone and has a £35 excess.

Most of the breakdown cover on packaged account is basic cover only. Breakdown close to home or on your drive and they don't cover you. To top up to this sort of cover is usually overpriced!

If you register with www.topcashback.co.uk and buy a £28 RAC policy you will get a £23 cashback. For me, a fiver for breakdown cover is a class act!

I know the above comments pull in opposite directions. It may well be a close call.

You need to weigh up the other benefits on the packaged account too. Annual travel insurance may have a value to you as well, but remember not to apply a value to products you would never normally have bought on their own.

Good luck!