Google has its answer for AppleCare+: it's called Nexus Protect. At its Nexus event today, the company announced that Nexus Protect will offer two years of coverage for "mechanical breakdown." But it also will cover the latest Nexus phones when it comes to accidental damage — also for two years.

Nexus Protect will cost $69 when purchased alongside LG's Nexus 5X and $89 when bought when Huawei's Nexus 6P. On stage, Google didn't specify whether there will be a deductible when filing accidental damage claims. But the plans are significantly cheaper than what iPhone customers pay; Apple recently hiked the cost of AppleCare+ to $129 for iPhone 6S and 6S Plus, plus a $99 deductible for accidental damage incidents. Nexus Protect will initially launched in the United States before expanding to other markets where Google's Nexus phones are sold.

Developing. Check out our Google Nexus 2015 Live Blog for the latest updates and our Google page for all the news!