AT&T confirms iPhone insurance hike on October 4th

Insurance costs will indeed be going up for AT&T iPhone owners on October 4th, as rumored, a page on the carrier's website reveals. On that date insurance rates are scheduled to jump from $5 to $7, affecting new and existing customers alike. The hike is happening in conjunction with the creation of a new device tier, covering the iPhone and "other devices" for which a $199 non-refundable deductible will apply....

Source: http://feeds.macnn.com/click.phdo?i=a5590ff5b50c8c8188c687e868880d9c

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