Are you a clumsy geek with an iPhone? I have good news and bad news. First up, the good news: Boy Genius is reporting that AT&T will begin offering insurance for your iPhone on June 6, called MobileProtect, for $14 a month ($168 a year). The bad news: you'll also have to pay a deductible if you end up using it. Sure, deductibles are a given, but these seem a little pricey — ranging from $99 for an 8GB 3G to a whopping $199 for a 32GB 3GS.

Tack on this insurance to your data plan and regular cell phone fees, and that iPhone seems to be taking up more and more of your wallet space every day! What do you think of this insurance: too expensive or totally needed?