Again, the no insurance plan is the best.
No money up front. No monthly payments. 199 deductible for nonwarranty service. Just deal with an apple store for same day service. In the case of lost or stolen (which shouldn't be that big of a concern), you can buy a new or used one..just think of that as a higher deductible and a lesson to keep better track of your things.
As for the State Farm or home insurance route, that's risky (which is why its probably so cheap). Claims like these are seen as frivolous when compared to what homeowner?s insurance is designed to do, cover major incidents. If you were to have 2 or 3 incidents small or large, do not be surprised when you receive a non-renewal notice from your provider. And your claims get kept in a database for at least 5 years. You never file a claim with your home insurance unless its big.