Price of tire and wheel insurance...input needed!!

dardeca · 02-01-2011, 01:11 PM

I'm curious what people paid for their tire and wheel insurance? I'm looking at a 5-year coverage period and can't tell if the quoted price I received is good or not. Input would be welcome!

JohnnyRoaster · 02-01-2011, 01:14 PM

I think I paid around $699 for the five year. I don't have my car at work today because of the beautiful weather but will check when I get home.

What did they quote you?

ring007 · 02-01-2011, 01:23 PM

I think, 500-700 is reasonable if you're inclined to purchase such insurance. I have been quoted as much as $1,799 at one point

elm3 · 02-01-2011, 01:25 PM

I'm in Georgia and I paid $485.00 for the 5 years. How much did you get quoted on this?

persian54 · 02-01-2011, 01:36 PM

i paid $1300

then decided i don't want it and canceled it

if ti was under 700 I'd have kept it

but they wouldn't judge

said due to the holiday cash the price won't go cheaper...

my 09 335 i paid $700

elm3 · 02-01-2011, 01:40 PM

I guess it is a state by state deal. Or maybe each dealership likes to put their own price?

jcaptain · 02-01-2011, 01:41 PM

I paid $499 for my policy. The dealership wanted almost $1300 for their policy (Vista BMW). Luckily, I have a friend that did me a huge favor. He sells policies to the dealerships' F & I guys and sold me my policy at his cost. Anyone getting a good 5 year policy under $600-$700 is doing well if you ask me. These wheels and tires aren't cheap!

kaykay · 02-01-2011, 01:43 PM

Paid $1k flat through BMW. All OEM wheels + tires replaced under warranty.

Very worth it considering a wheel alone costs $900 on this car.

kscarrol · 02-01-2011, 01:45 PM

Price is negotiable. For my '08 550 it was something like $500 for three years but that was a third-party offering as BMW was not offering their own coverage yet. For my '11 M3 I think I paid right at $1,000 for three years of the BMW plan. Knowing the price of the PS2's, I figured it was worth it, but it's a crap shoot. We saved so much money of my wife's '07 X5 that it paid for my 550 coverage and a significant portion of the M3 coverage. Never used the coverage on my 550 but the wife had a knack for finding nails...

ksoze · 02-01-2011, 01:52 PM

Anyone want to summarize the exclusions and fine print of these plans. Obviously, they do not cover wear which can be quick on this rubber, but how rigid are they? Curb rash?

kaykay · 02-01-2011, 01:58 PM

Quote:

Originally Posted by ksoze

Anyone want to summarize the exclusions and fine print of these plans. Obviously, they do not cover wear which can be quick on this rubber, but how rigid are they? Curb rash?

No curb rash

Bent wheels, etc. are covered and replaced with OEM.

In regards to tire wear, be creative.

JohnnyRoaster · 02-01-2011, 02:29 PM

I think there are various tire insurance plans that are offered by different dealers. My plan does cover curb rash and winter tires as long as they are within recommended specs. I already had one rear tire replaced which I think would have cost close to $400.

dardeca · 02-01-2011, 02:30 PM

I was quoted $981 for 5-years, no deductible. It's not a BMW warranty, but third-party offered through my BMW dealership. I would think that third-party might be less expensive??

pmo7 · 02-01-2011, 02:37 PM

Paid cost--$950 for BMW 5 year plan on my 2011 M3. Coulda got a 3rd party for a hundred or so less, but I'd rather have everything together.

OC3 · 02-01-2011, 03:56 PM

Can it be purchased after you already bought/leased the car?

WCH · 02-01-2011, 04:06 PM

$1000 in Boston. Varies state by state.

persian54 · 02-01-2011, 04:08 PM

Quote:

Originally Posted by OC3

Can it be purchased after you already bought/leased the car?

They told me no

Which makes sense

When the car is at the dealer, they know the tires have no nails

but what if you drive away and get a nail and come back asking for the warranty?
Not fair right?

OC3 · 02-01-2011, 04:11 PM

Quote:

Originally Posted by persian54

They told me no

Which makes sense

When the car is at the dealer, they know the tires have no nails

but what if you drive away and get a nail and come back asking for the warranty?
Not fair right?

Yep. However, they can always inspect'em to make sure there's no nails or that the rims aren't bent, and then charge a little more, couldn't they.

jeffnnj · 02-01-2011, 04:12 PM

I have Multi Shield Gold which covers curb rash, paintless dent removal and windshield repair (not replacement). Think it's about $1500.

prichards516 · 02-01-2011, 04:22 PM

i paid 700

DragonNeo · 02-01-2011, 04:26 PM

I was quoted $1600 for 5 years by the dealer. I cancelled it one day later. It does not cover wheel replacement, so not worth it IMHO.

dardeca · 02-02-2011, 07:49 AM

So should I expect to pay more or less for a warranty that is NOT through BMW? I would think less.

02-01-2011, 01:11 PM	#1
dardeca Major 500 Rep 1,313 Posts Drives: 2019 M5 Competition Join Date: Jul 2010 Location: Dallas iTrader: (2)	Price of tire and wheel insurance...input needed!! I'm curious what people paid for their tire and wheel insurance? I'm looking at a 5-year coverage period and can't tell if the quoted price I received is good or not. Input would be welcome! __________________ E92 M3 Supplemental manual p.38: "The laws of physics cannot be repealed, even with DSC."
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02-01-2011, 01:14 PM	#2
JohnnyRoaster Captain 42 Rep 959 Posts Drives: 09 Jerez Black M3 Sedan Join Date: Nov 2008 Location: Outside Beantown iTrader: (0)	I think I paid around $699 for the five year. I don't have my car at work today because of the beautiful weather but will check when I get home. What did they quote you? __________________
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02-01-2011, 01:23 PM	#3
ring007 Major 60 Rep 1,036 Posts Drives: GT3RS & Speciale No BMWs now Join Date: Nov 2008 Location: ///Iowa iTrader: (13)	I think, 500-700 is reasonable if you're inclined to purchase such insurance. I have been quoted as much as $1,799 at one point
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02-01-2011, 01:25 PM	#4
elm3 ///M Fan 366 Rep 2,159 Posts Drives: '09 E92 M3 IB/'17 f85 X5M LBB Join Date: Sep 2008 Location: Canton, GA. iTrader: (1) Garage List 2017 BMW / X5M [9.00] 2009 E92 M3 [10.00] 2004 Yamaha R1 [10.00]	I'm in Georgia and I paid $485.00 for the 5 years. How much did you get quoted on this? __________________ '09 E92 ///M3 Interlagos Blue,6MT,Silver Novillo Leather,CF Trim,Premium Package,Technology Package,Cold Weather Package,Premium Sound,19"Wheels,Moonroof-Toy/'17 X5M, Long Beach Blue, Executive Package,Technology Package, Lighting Package, Driver Assist, Full Mughello Red Interior, 21" wheels-Toy/'14 535i with M Sport and 19" wheels-Daily
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02-01-2011, 01:36 PM	#5
persian54 Lieutenant General 923 Rep 15,818 Posts Drives: M760/G83M4 Join Date: Jun 2009 Location: The Valley, SoCal iTrader: (298)	i paid $1300 then decided i don't want it and canceled it if ti was under 700 I'd have kept it but they wouldn't judge said due to the holiday cash the price won't go cheaper... my 09 335 i paid $700 __________________ From E93 335i to E89 Z4 to E93 M3/E89 Z4 to E350/SL550
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02-01-2011, 01:40 PM	#6
elm3 ///M Fan 366 Rep 2,159 Posts Drives: '09 E92 M3 IB/'17 f85 X5M LBB Join Date: Sep 2008 Location: Canton, GA. iTrader: (1) Garage List 2017 BMW / X5M [9.00] 2009 E92 M3 [10.00] 2004 Yamaha R1 [10.00]	I guess it is a state by state deal. Or maybe each dealership likes to put their own price? __________________ '09 E92 ///M3 Interlagos Blue,6MT,Silver Novillo Leather,CF Trim,Premium Package,Technology Package,Cold Weather Package,Premium Sound,19"Wheels,Moonroof-Toy/'17 X5M, Long Beach Blue, Executive Package,Technology Package, Lighting Package, Driver Assist, Full Mughello Red Interior, 21" wheels-Toy/'14 535i with M Sport and 19" wheels-Daily
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02-01-2011, 01:41 PM	#7
jcaptain Private 0 Rep 64 Posts Drives: 2011 E90 M3-DCT-Blk/Blk Join Date: Jan 2011 Location: Delray Beach, FL iTrader: (0)	I paid $499 for my policy. The dealership wanted almost $1300 for their policy (Vista BMW). Luckily, I have a friend that did me a huge favor. He sells policies to the dealerships' F & I guys and sold me my policy at his cost. Anyone getting a good 5 year policy under $600-$700 is doing well if you ask me. These wheels and tires aren't cheap!
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02-01-2011, 01:43 PM	#8
kaykay Lieutenant Colonel 90 Rep 1,769 Posts Drives: 2011 E92 M3 ZCP Join Date: Apr 2010 Location: SoCal iTrader: (0) Garage List 2011 E93 328i Conve ... [9.50] 2011 E92 M3 ZCP [8.66] 2008 550i Sport [10.00]	Paid $1k flat through BMW. All OEM wheels + tires replaced under warranty. Very worth it considering a wheel alone costs $900 on this car. __________________ '12 CLS550 Palladium Silver - loaded '11 E92 M3 ZCP - SG/B-EXT/CF, M-DCT, loaded '11 E93 328i, BSM over Saddle Brown, sport, loaded '08 550i M-Sport, Carbon Black (Gone but not forgotten), '06 W211 E55 AMG (Gone, miss this animal),'01 E39 540i Sport
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02-01-2011, 01:45 PM	#9
kscarrol Brigadier General 8911 Rep 4,107 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	Price is negotiable. For my '08 550 it was something like $500 for three years but that was a third-party offering as BMW was not offering their own coverage yet. For my '11 M3 I think I paid right at $1,000 for three years of the BMW plan. Knowing the price of the PS2's, I figured it was worth it, but it's a crap shoot. We saved so much money of my wife's '07 X5 that it paid for my 550 coverage and a significant portion of the M3 coverage. Never used the coverage on my 550 but the wife had a knack for finding nails... __________________ 2021 X3 M40i 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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02-01-2011, 01:52 PM	#10
ksoze Major 376 Rep 1,223 Posts Drives: 2018 M550iX Join Date: Nov 2010 Location: Maryland iTrader: (0)	Anyone want to summarize the exclusions and fine print of these plans. Obviously, they do not cover wear which can be quick on this rubber, but how rigid are they? Curb rash? __________________ 2018 M550iX-Dinan Stage 1 \| 2011 E93 M3 Convertible \| 2002 E46 M3 Convertible \| 2002 E53 X5 3.0 \| 2000 E39 540i \| 1998 E36 M3 \| 1988 E28 M5 \| 1987 E28 528i
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02-01-2011, 02:29 PM	#12
JohnnyRoaster Captain 42 Rep 959 Posts Drives: 09 Jerez Black M3 Sedan Join Date: Nov 2008 Location: Outside Beantown iTrader: (0)	I think there are various tire insurance plans that are offered by different dealers. My plan does cover curb rash and winter tires as long as they are within recommended specs. I already had one rear tire replaced which I think would have cost close to $400. __________________
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02-01-2011, 02:30 PM	#13
dardeca Major 500 Rep 1,313 Posts Drives: 2019 M5 Competition Join Date: Jul 2010 Location: Dallas iTrader: (2)	I was quoted $981 for 5-years, no deductible. It's not a BMW warranty, but third-party offered through my BMW dealership. I would think that third-party might be less expensive?? __________________ E92 M3 Supplemental manual p.38: "The laws of physics cannot be repealed, even with DSC."
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02-01-2011, 02:37 PM	#14
pmo7 Private 7 Rep 61 Posts Drives: 2014 M6 Vert AW Join Date: Nov 2010 Location: Arkansas iTrader: (0)	Paid cost--$950 for BMW 5 year plan on my 2011 M3. Coulda got a 3rd party for a hundred or so less, but I'd rather have everything together.
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02-01-2011, 03:56 PM	#15
OC3 Havin' a blast! 125 Rep 4,847 Posts Drives: 2013 M3 E92 Jerez Blk DCT ZCP Join Date: Nov 2010 Location: SoCal iTrader: (1)	Can it be purchased after you already bought/leased the car? __________________ BRP 1:56 \| CVR 2:01 \| ACS 1:53 \| WSIR 1:34
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02-01-2011, 04:06 PM	#16
WCH Lieutenant Colonel 347 Rep 1,844 Posts Drives: '20 M8C convertible Join Date: Nov 2006 Location: Boston iTrader: (8) Garage List 2022 Porsche Cayenn ... [0.00] 2020 BMW M8C [0.00] 2017 Porsche Macan GTS [0.00]	$1000 in Boston. Varies state by state.
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02-01-2011, 04:12 PM	#19
jeffnnj Second Lieutenant 14 Rep 281 Posts Drives: 2011 E93 M3 Join Date: Mar 2008 Location: NNJ, USA iTrader: (0)	I have Multi Shield Gold which covers curb rash, paintless dent removal and windshield repair (not replacement). Think it's about $1500. __________________ 2011 M3 Convertible, Alpine White/Black Novillo Leather 2008 550i Sport, Platinum Gray/Natural Brown (retired) 2006 550i Silver Gray/Black (retired) 2002 M3 Convertible Titanium Silver/Black(retired) 1998 328i Convertible Arctic Silver/Gray(retired)
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02-01-2011, 04:22 PM	#20
prichards516 Lieutenant 30 Rep 482 Posts Drives: e92 M3 zcp Join Date: Sep 2010 Location: Long Island, NY iTrader: (2)	i paid 700
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02-01-2011, 04:26 PM	#21
DragonNeo Private First Class 21 Rep 154 Posts Drives: 2018 X3 M40i Join Date: Jan 2011 Location: MA iTrader: (0)	I was quoted $1600 for 5 years by the dealer. I cancelled it one day later. It does not cover wheel replacement, so not worth it IMHO.
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02-02-2011, 07:49 AM	#22
dardeca Major 500 Rep 1,313 Posts Drives: 2019 M5 Competition Join Date: Jul 2010 Location: Dallas iTrader: (2)	So should I expect to pay more or less for a warranty that is NOT through BMW? I would think less. __________________ E92 M3 Supplemental manual p.38: "The laws of physics cannot be repealed, even with DSC."
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