Earlier quoted context omitted.
You can buy insurance, assuming your not losing several phones a year that should not be an issue. PS: Dropping a phone should not destroy it. Over the last 20 years I have never used a case and shattered exactly one screen when fumbling it onto concrete. The new screen was not that expensive.
That's another cost. So on top of the thousand dollar phone I now have to buy ~$150+ in cases (which are dubiously effective) and insurance. Instead I buy a ~$200 phone (which is just as good to me than a $1,000 phone) and when that one breaks I get another ~$200 phone. I don't care about a broken screen though, if the screen cracks then I'll just use it until the phone isn't functional anymore.
These phones really aren't that expensive if you look for a deal.
https://www.walmart.com/ip/Apple-iPhone-7-128GB-AT-T-Refurbi...