Smartphones are necessities, but they’re also expensive gadgets to own. And if your smartphone isn’t insured, you might be better off shelling out market price — as in, $ 500 or $ 600 — for a new one instead of paying roughly the same amount to get your old phone fixed. Those who do have insurance, we’re guessing, can find better ways to spend the $ 50 or $ 100 to replace the broken item. Right? Right.