Is my Cell Phone bill a lot? (For a iPhone 5)?

I'm currently with T-Mobile and paying $85 a Month for the following:

•Unlimited 4G LTE WEB/DATA
•Unlimited Tethering
•Unlimited Talk, Text, MMS, & VVM
•Insurance that replaces my phone if its Lost, Stolen, or Damaged
•And I'm paying $8 a month for my phone.

Best of all I didn't sign a 2 year contract.

Is this a lot for a phone bill?
I'm using a iPhone 5

Yes, I'm not certain but for me, Yes, in Egypt i pay 50 Egyptian pounds for any phone that has the things you said.

No.

You would pay $120 to $130 per month with Verizon for unlimited talk, text and 1GB of data.

That's a pretty good rate.