that sucks. I always use a really old phone- not really to avoid getting it stolen, I'm just cheap. But it has added benefits, I guess.
Still, it's a sad indictment of the times we live in that you can't buy a nice phone without worrying about it getting stolen.
When I were young, no-one would steal your phone, normally because it was so heavy you couldn't run while carrying it.
Also, it always seems that when you take out insurance, you don't need it, and when you don't... stupid murphy's law, I guess.