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If you have an apple store nearby, I'd go with the AppleCare. I've heard good things about square trade, but I don't have any personal experience with claims. I have used my AppleCare on my ipad and on my iMac, both to very good results. They ended up replacing my 2.5 yo iMac wi the current model, and as they no longer offered the 24" model I owned, they replaced it with the current 27" model for no charge.

The ipad coverage swap out for a new device was so easy and quick, I will definitely get it again. Apple uses replacement devices with new batteries, cases, and components (basically everything but the processor is replaced). With square trade, I'm not sure that the case, I don't know. I know it isn't how AT&T does it.
 

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I had thought, though, that you needed to purchase AppleCare + for ipad and iPhone within 30 days of purchase, you have up to the end of one year for the MacBook Pro.
 
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