BMW Tire and Wheel Insurance

[toni8284]

Hi,

I am not sure if this is the right place to ask.

I want to buy the BMW Tire and Wheel Insurance (by safe guard).

But the dealer that I got my car from is asking for $2500 for 5 year for M3.

I remember I saw it somewhere that I can purchase this insurance from other dealer too, is that true?

If it is true, what should be the reasonable price for 5 years?

Thanks

[vonmayr]

Originally Posted by toni8284

Hi,

I am not sure if this is the right place to ask.

I want to buy the BMW Tire and Wheel Insurance (by safe guard).

But the dealer that I got my car from is asking for $2500 for 5 year for M3.

I remember I saw it somewhere that I can purchase this insurance from other dealer too, is that true?

If it is true, what should be the reasonable price for 5 years?

Thanks

Unfortunately, you must purchase the T&W warranty from the dealer you purchase your car from. You can't buy it elsewhere, and it must be done when you sign for the car. For my M3 I paid $1,750.

[afadeev]

Originally Posted by toni8284

I want to buy the BMW Tire and Wheel Insurance (by safe guard).

But the dealer that I got my car from is asking for $2500 for 5 year for M3.

I remember I saw it somewhere that I can purchase this insurance from other dealer too, is that true?

If it is true, what should be the reasonable price for 5 years?

First of all, BMW does NOT sell tire and wheel insurance.
Your local BMW dealer does, and its underwritten by a third party other than BMW. The dealer is free to mark-up the policy up to whazoo, and most do.

It is entirely up to you to shop for alternative tire & wheel insurance policies from other 3rd parties.

Before you commit to one, consider the following:
1). OEM wheels do not break or crack (unless you wreck the car and demolish it). Cosmetic damage (curb rash, lip bends) can usually be repaired for $100-200 per incident, with shipping.
2). Tires will last you around 10-15K miles. The next set should be purchased at a discount form TireRack (installed at the dealer, or any number of more qualified tire shops), which either includes the tire insurance for free, or offers to add it for $10-15/tire.

So before you drop $1.5-2.5K for the tire&wheel insurance, make sure your understand, and price out, the alternatives.

a

[Deja_Vu]

Any type of insurance a dealer will sell you is a ripoff. Don't bother. As afadeev stated, the alternatives are MUCH cheaper.

[e90-4aj]

+1 - its not needed

[SROC3]

Originally Posted by afadeev

First of all, BMW does NOT sell tire and wheel insurance.
Your local BMW dealer does, and its underwritten by a third party other than BMW. The dealer is free to mark-up the policy up to whazoo, and most do.

It is entirely up to you to shop for alternative tire & wheel insurance policies from other 3rd parties.

Before you commit to one, consider the following:
1). OEM wheels do not break or crack (unless you wrack the car and demolish it). Cosmetic damage (curb rash, lip bends) can usually be repaired for $100-200 per incident, with shipping.
2). Tires will last you around 10-15K miles. The next set should be purchased at a discount form TireRack (installed at the dealer, or any number of more qualified tire shops), which either includes the tire insurance for free, or offers to add it for $10-15/tire.

So before you drop $1.5-2.5K for the tire&wheel insurance, make sure your understand and price out the alternatives.

a

[M2PDX]

DON'T DO IT

WASTE OF MONEY

I'VE MADE THE MISTAKE BEFORE

THEY PUSH IT SO HARD BECAUSE IT BRINGS THEM A PROFIT LIKE A VEGAS CASINO

Keep the money in your pocket, earn interest, and buy your own tires and rims.

I've NEVER bent an OEM BMW rim. Ever. In 20 years.