Apple unveiled the new iPhone SE earlier today, and with it, brought along its AppleCare+ coverage with a big change to pricing.

This is compared to the iPhone 8, which the new iPhone SE is effectively replacing. (Apple discontinued the iPhone 8 and iPhone 8 Plus following the announcement today.) The good news is that Apple has significantly dropped the price, offering up AppleCare+ for the newest iPhone for just $79. The iPhone 8’s AppleCare+ coverage was priced at $129, so this is a drop of $50.

AppleCare+ extends the standard one-year warranty, and it offers coverage for two incidents of accidental damage every 24 months. AppleCare+ reduces the cost of repairs, with $99 for general damage to a device, and $29 for screen repairs. It also offers additional technical support when needed.

Apple is also offering AppleCare+ with Theft and Loss coverage, which is priced at $149.00. This coverage includes a replacement device if the owner loses or has their iPhone SE stolen.

You can opt for monthly payments if you want. The standard AppleCare+ plan costs $3.99 per month, while the AppleCare+ with Theft and Loss is priced at $7.99 per month.

If you don’t want to agree to an AppleCare+ coverage plan at the time of your purchase, you have 60 days to decide on whether or not to add it. And you can continue to renew the coverage for the life of your device.

Do you plan on buying a new iPhone SE? And if so, will you be pairing it with AppleCare+?