Tyre insurance

[pvr]

New car coming tomorrow, and I am for the first time thinking of tyre insurance.

For the tyres, 3 years is £250 with a maximum claim limit per tyre of £300 and maximum 3 claims per year.

Touching wood, I have never had a flat tyre on a car, so what is the consensus on these sort of policies - worth it or self insure?

[Stuartt]

I had a friend who had it, and when the tyre was nearly worn out he put a screw in the non reparable area and claimed for a new one

Only problem I’ve come across with some is you have to go back to the dealer for the tyre and you could be without the car for a few days while it’s sorted, especially if it happens on a Saturday afternoon

Stuart

[Mr Tidy]

Touching wood, I have never had a flat tyre on a car, so what is the consensus on these sort of policies - worth it or self insure?

Surely that answers your question?

The insurers are only in business to make a profit, so if you have "average" luck it's a waste of money IMO.

Plus if the car is new you are much less likely to have a puncture as you are starting off with new tyres (and do you really want the dealer to get a chunk of commission for selling you the cover)!

I can only see it helping people who'd struggle to pay for a new tyre, but could lump the insurance cost into the finance deal for buying the car.

But it's your call after all! Still I'm looking forward to seeing the new car!

[pvr]

The dealer wanted £600 for the insurance.

Bit like the gap insurance, they even use the same underwriters but their quote was more than double.

[Mr Tidy]

The dealer wanted £600 for the insurance.

Bit like the gap insurance, they even use the same underwriters but their quote was more than double.

That sounds typical - when I bought my 1 Series in 2008 the stealer wanted £300 IIRC for 3 years tyre insurance! I could buy the Pirelli RFTs for £150, so I'd have to be seriously unlucky to get any benefit from that! And when I had my 2nd puncture I got a repair done for £10!

[buzyg]

Why would you ever insure, for something you can afford to underwrite your self.

[R60BBA]

OP - that’s a good deal.

Think about it a full set of premium tyres cost circa £500 depending on wheel size.

You pay half of a full set for 3 years but are entitled up to 3 new tyres per year. In effect you are entitled up to 9 premium tyres or 2 sets + 1 tyre for £250.

If you do a lot of mileage per year, you will probably have to replace and doing this could easily save you quite a bit of cash in the long run...

[pvr]

I only do about 5k miles a year, on my X5 I never even had to ever replace the tyres as I run winters as well during the winters.

[Nictrix]

Theres probably lots of small print about how much tread must be left on the tyre before they will replace.
Do they replace like for like or just what they have available? Bearing in mind they should be fitted with * marked tyres.
And I think a set will be a lot more than £500, for your new car if its on 21s will be closer to £1100 for a set.

[gov]

New car coming tomorrow, and I am for the first time thinking of tyre insurance.

I've probably missed it but have you disclosed what car you're getting ? Dacia ? Chevrolet ? Hyundai ?

[R60BBA]

That’s fair enough OP.

I would snatch this deal as I have owned 4 cars since 2012 and have gone through 12 tyres at cost of near £1500.

If I had this deal over 6 years I would’ve saved £1000 and still be entitled to a further 6 tyres.

[MefiEcosse]

Sounds to me like there might better deal to be done on the price of the car if you sign up for the tyre insurance!

[Rufus59]

I do around the same mileage and have *touch wood* had have never had a non repairable puncture and only 1 repairable puncture *double touch wood*

Based on that I wouldn't consider this kind of insurance, if I hit a nail and weigh out 150 on a new tyre it's not the end of the world. I'm assuming this insurance is for accidental damage and not wear and tear?