And the fallout was more serious than missing the latest Snapchat or Instagram post — three out of five students surveyed said they had damaged, broken or lost a device that was critical to their studies.
AMP product and marketing general manager Jeff Ruscoe said they wanted to find out how much students' devices were at risk.
"We found three significant things. First, their devices are critical to their study. Second, their devices are often the most valuable things they own. And third, the risk of losing them is shockingly high."
Half of those surveyed said it was a necessity to insure their devices, but price was an issue, Ruscoe said.
"Eight out of ten students would consider insuring their device, but only if it was affordable."
Expensive items with high risk factors usually meant high premiums, so the company had launched Student Everyday Insure in response to the findings, he said.
The survey was done by Buzz Channel, AMP's online survey platform provider.
Buzz Channel has its own panel of New Zealanders who have agreed to be contacted for surveys.