Back in the “good old days” of the mid-2000s, SquareTrade was the young, affordable upstart in the extended warranty and device protection space. Maybe you remember getting a great deal on an extended warranty back in 2008 or so, and you decided to go with SquareTrade again this time.
The only problem? If you take a look at what you’re paying, it might seem a little steep. There’s a reason for this: SquareTrade’s prices aren’t what they were in 2008. They’re now “backed” (read: owned) by All State, and with that backing came a whole lot more overhead, it seems.
SquareTrade’s coverage is pretty similar to the coverage you can get from other companies like Upsie
. Indeed, extended warranties are a lot more similar (and a lot safer) than they were in the mid-2000s thanks to the FTC
and others enacting consumer protections.
These days, the biggest differentiator tends to be price. And, given the vast difference in prices (more on this below), you might be looking for a way out of your SquareTrade plan. Here’s how to do it.
But first, let’s take a look at this question:
Is SquareTrade a Good Deal Compared to Upsie?
In short, no. Just about any way you slice it, Upsie customers save money compared to SquareTrade customers. SquareTrade charges a flat rate for smartphone coverage. At one recent check, this flat rate was $215.76.
Upsie, in contrast, charges different rates based on the purchase price of your smartphone, from $79.99 for sub-$400 phones up to $159.99 for luxury $1499 phones.
There’s also a big difference in deductibles. SquareTrade, again, charges a flat $149 if you need to use your warranty for a repair. Upsie’s deductibles vary between $25 and $99 based on the purchase price.
Let’s look at the cost of warranty coverage and one claim. With an inexpensive phone, you’re looking at $364.76 with SquareTrade. With Upsie, that same coverage plus deductible costs $129.99. That’s a difference of almost $250! When it comes to the question of Upsie vs SquareTrade, Upsie is the clear winner on price alone.
Good News: Canceling SquareTrade Is Simple
Canceling an extended warranty from SquareTrade is not hard to do, thankfully. All you need to do is call the SquareTrade phone number at 1-866-318-2173. According to the company’s fine print
, Any plan canceled within 30 days of purchase will be refunded at 100%.
The SquareTrade customer service team will take care of most cancellations. Of course, there are exceptions. If you purchased a SquareTrade Costco plan, you must return to your Costco store for the cancellation and refund process. SquareTrade Amazon plans can be canceled using the SquareTrade phone number above.
What About After 30 Days?
If it’s been more than 30 days since you purchased your plan, you can still cancel and get a prorated refund. While you won’t get the full amount that you paid, you can still get a lot back if you haven’t had the plan all that long.
Some SquareTrade protection plan customers choose to pay month by month. These customers can cancel at any time. While they won’t get any money back, they won’t have to keep paying, either.
Once you cancel your SquareTrade extended warranty, all that’s left is to start your new extended warranty with Upsie
How to Start an Upsie Warranty After Cancelling SquareTrade
Once you’ve canceled your SquareTrade warranty, it’s time to get protected with Upsie. Upsie offers the same high level of protection, including accidental damage protection for most devices. There are even some advantages besides price, like unlimited claims up to the value of the device. Plus, if you’re using an Apple device, you can even get it repaired at the Genius Bar at your local Apple store, if that’s what you prefer.
Next, enter the status of your product and the price that you paid before tax and discounts. You may need to provide a receipt or proof of purchase, because with Upsie, there’s a limited timeframe from the purchase date that you can start extended warranty protection. This time frame varies by device type.
And that’s about it! Simply click through, pay, and you’re protected against all kinds of defects and component failures, as well as accidental and drop damage for most device types.
Life’s too short to overpay on extended warranty protections. Switch to Upsie today and save!
Learn More About Electronics Warranties: