SquareTrade offers its SquareTrade 2-Year Warranty for Apple iPhone 5 for $94. At $30 off, that's the best deal we could find for a warranty on the latest iPhone. For further comparison, Apple's AppleCare+ is $99 with a $49 deductible. (This warranty, meanwhile, has a $50 deductible.) In addition to normal wear and tear this warranty also covers drops, spills, broken dock connectors, display failures,and more. Note that this warranty is available for phones purchased in the past 30 days.