Chase has announced an account that includes travel insurance, mobile phone insurance and breakdown cover
Chase has entered the insurance market — now offering a paid-for account that gets you worldwide travel insurance, mobile phone insurance and breakdown cover for £12.50 a month. I’ve rounded up all the details of the new account to work out if it’s worth the extra cash.
We’ve also got a full review of Chase’s bank account, where we cover cashback, savings and roundups offered on the account,
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What do you get with Chase Protect?
Chase Protect includes worldwide travel insurance, mobile phone insurance and breakdown cover. Here’s all the information on the cover.
Worldwide family travel insurance
The first perk is worldwide travel insurance for you and your family. This gets you multi-trip cover for you, your partner and up to four children.
Your cover is for up to 31 days per trip and offers up to £20 million in emergency medical expenses, up to £5,000 cancellation cover per person and up to £2,000 baggage cover per person.
This is on par with the worldwide family travel insurance offered by other banks, including Virgin Money M Club and Santander Explorer.
Mobile phone cover
The mobile phone cover isn’t for the whole family, as offered by Santander and Virgin Money, but it’s on a par with other packaged accounts, including Lloyds and Co-op and Halifax’s accounts who also offer mobile phone insurance for just the account holder.
You can get worldwide cover for your phone, protecting it against loss, theft, damage and technical faults.
This offers up to £2,000 per claim for repair or replacement, as well as the replacement of accessories up to a value of £250.
You get up to four approved claims each year.
UK breakdown cover
Included in the account is UK wide breakdown cover. Other accounts, including Santander Explore and Co-op Everyday Extra offer this further afield, and Lloyds includes your family.
You get up to four roadside callouts for breakdowns more than 400 metres away from home each year and recovery to the nearest garage from the breakdown.
Featured investing offer
Customer rating
3.8/5
- Offerfree £50 in fractional shares*
- Annual fee£0
- Investment stylesShares, funds or ready-made portfolios
- Minimum deposit$50
- FSCS Protected? Yes
- Interest on uninvested cash 3% on balances up to $50,000, 3.8% on balances over this
- Fractional shares Yes
- Foreign exchange fee 0.7%
- Fund fees If you invest in funds, you'll have to pay fund fees, which cost on average ~0.16% per year, with additional market-spread effects up to 0.05%
- Offer You need to sign up, verify your account and deposit at least £200 to get the free assets. ISA deposits aren't included in the £200 requirement to get the offer.
- Authorised and regulated by the Financial Conduct Authority Yes, FRN 583263
- Risk warning The value of your investments may go up or down. Your capital is at risk. ISA powered by Moneyfarm. ISA rules apply. UK residents only.
- Accounts available General investment account, stocks and shares ISA (additional fees apply)
How is Chase Protect different from other packaged bank accounts?
The first thing that sets Chase’s packaged bank account apart is its cost. The best value account until now was Virgin Money M Club, at £14 a month. At £12.50 a month, this account is the cheapest one available that offers worldwide travel insurance — Lloyds Silver costs £11.50 a month but the travel insurance is only UK and European cover.
Compared with Virgin M Club, the only main difference is that Virgin M Club’s mobile phone insurance also covers your family’s phones and gadgets. So your decision between them would depend on whether you need cover for the whole family, or just yourself, or whether you can get their gadgets covered for less than the £1.50 difference in cost each month.
What it would cost to buy these policies separately
If you wanted to, you could get the policies separately.
A quick quote suggests that worldwide travel insurance for the whole family could cost around £150.
Breakdown cover can cost as little as £30 per year, although AA breakdown cover is closer to £70.
Mobile phone insurance can cost as little as £2 per month.
This makes the benefits around £204 to £244 per year. With the annual cost of the account £150, if you need all the benefits included, it could save you some money.
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Is Chase Protect worth it?
Zoe’s analysis
I’d say so, yes. As long as you travel enough to make the most out of an annual travel insurance plan, rather than taking out individual policies for each trip, and that you don’t already have mobile phone insurance or breakdown cover elsewhere. When you consider the insurances on offer and the monthly cost, this is one of the best packaged bank accounts on offer at the moment.
How to get Chase Protect
The new account will be rolled out to existing customers from 4 February 2026, so if you don’t have it available yet, it should be available soon.
