Should I buy and iPod Touch or iPhone?

Yesterday my iPod Touch 4th Gen. Died.
I use it a heap, and really need a replacement.

My phone plan for my Samsung expires in August, and I was wondering whether you think I should purchase an iPhone 5 (not 5c or 5s) or an iPod Touch 5th Gen? If I was to buy the iPod, I'd just get a cheap Android upgrade.

I'm not allowed to get an iPhone through a phone plan, because my parents would have to pay extra for it. So the only way I could get one would be to buy it outright.

Do you think it's worth paying more for an iPhone, or should I just buy an iPod Touch instead?

Go with the iPhone 5

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