Insuring your iPhone on AT&T used to seem like a losing proposition, especially when compared to Verizon's iPhone insurance rates. To keep your iPhone protected, you had to send AT&T an additional $12 a month, while Big Red customers only had to dish out $7. Well, today Ma Bell announced that it's slashing the cost of its iPhone insurance nearly in half to only $5 a month

Starting July 17, in addition to the $5-per-month fee, you'll also pay a lower deductible of $125, instead of the previous $199, in the event you need to have your iPhone replaced.

Breaking your iPhone will now be a little less painful.

[via TG Daily