I know it’s been discussed but… BMW insured warranty for 35is - yes or no?

I took a 3 year full warranty no excess with warranty direct 3 years ago for £1100 (for 3 years).
It expires 16th June (3 days) and I am in to them for nearly £8500! The car is also going in today for a new radiator and heater blower motor as well as a water pump check as it is buzzing a bit.
The rad and fan motor alone are £900 with fitting - easy DIY if you needed to but still expensive.
So I would say yes to a warranty, BMW is your only option if your car is over ten years old regardless..
 
Chippie said:
Any warranty is a gamble over money paid in and claims paid out, If you can afford a £2000 bill then it may be worth not having the warranty, if you can’t then the warranty will give you piece of mind, the 35 can be expensive to run with known injector, fuel pump, water pump, etc issues, although you don’t have to use main dealer for repairs so a local independent will be cheaper plus no excess to pay on a claim. if it’s a weekend low mileage toy then you may be lucky and not spend much on it, if you’re clocking up the miles then who knows.
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Cheers Chippie
 
Peace of mind really with manufacturer type warranties. I renewed mine on my 35iS in April at £440 with £100 excess. I've not had to claim (yet) but thought it worth the money compared to Porsche manufacturer warranties I've had at around £1000 (no excess) but they are bullet proof warranties and do pay out versus a Peugeot warranty I had on my Pug grocery getter at around £350 and they don't pay out unless the car has completely failed and the part has fallen off!
 
It’s a no from me, plus I have had to do the dampers. Which in the end I was pleased not to have the warranty. BMW wanted to charge around I think 1600 quid to fit ONE new damper, which is what they would have done under warranty. Sorry but I lost all respect for them suggesting to replace one 75k old damper. You should replace in pairs, at that age they had to be worn.
So I found a complete set in Germany, used parts company, which were as new having done one kilometre and replaced all 4 for not much more, plus I replaced rubbers and new top mounts, done at an independent.

Most of the iS is not unique, so the question is more would you pay for a warranty on a used car of any type. I like my cars to be maintained and fixed how I want, not the cheapest way a warranty company can get away with.
 
9designs said:
It’s a no from me, plus I have had to do the dampers. Which in the end I was pleased not to have the warranty. BMW wanted to charge around I think 1600 quid to fit ONE new damper, which is what they would have done under warranty. Sorry but I lost all respect for them suggesting to replace one 75k old damper. You should replace in pairs, at that age they had to be worn.
So I found a complete set in Germany, used parts company, which were as new having done one kilometre and replaced all 4 for not much more, plus I replaced rubbers and new top mounts, done at an independent.

Most of the iS is not unique, so the question is more would you pay for a warranty on a used car of any type. I like my cars to be maintained and fixed how I want, not the cheapest way a warranty company can get away with.
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If you are happy to keep your car stock and use the warranty to avoid spending on replacement parts it works great..if you want to update things when you want to do them or replace OE parts with upgraded parts then it’s not for you..

Yes E89s are mostly parts bin exercises but there are unique items, adaptive dampers, rear EFBs, tail and headlights, most if the bodywork, roof etc etc..
 
mcbutler said:
I took a 3 year full warranty no excess with warranty direct 3 years ago for £1100 (for 3 years).
It expires 16th June (3 days) and I am in to them for nearly £8500! The car is also going in today for a new radiator and heater blower motor as well as a water pump check as it is buzzing a bit.
The rad and fan motor alone are £900 with fitting - easy DIY if you needed to but still expensive.
So I would say yes to a warranty, BMW is your only option if your car is over ten years old regardless..
Click to expand...
How many individual repairs has your car been in the garage for and how much did each repair cost you in excesses?
This has to be factored in for anybody to know the real cost, unless there was no excess on your warranty.
 
Nictrix said:
mcbutler said:
I took a 3 year full warranty no excess with warranty direct 3 years ago for £1100 (for 3 years).
It expires 16th June (3 days) and I am in to them for nearly £8500! The car is also going in today for a new radiator and heater blower motor as well as a water pump check as it is buzzing a bit.
The rad and fan motor alone are £900 with fitting - easy DIY if you needed to but still expensive.
So I would say yes to a warranty, BMW is your only option if your car is over ten years old regardless..
Click to expand...
How many individual repairs has your car been in the garage for and how much did each repair cost you in excesses?
This has to be factored in for anybody to know the real cost, unless there was no excess on your warranty.
Click to expand...
Hi Nic , no excess as stated in the post sir. Have not got time to go through all invoices but a shortened list would be.
DCT sump, gasket - oil - filters around £300 ish if I remember correctly.
New idrive screen - £2500
Full set of new BMW OE index 12 injectors and coding over £2k
New rad and fan blower motor £900
Several diagnostic sessions at £100 a pop
Rocker cover gasket £200ish
Etc
That warranty is hugely more expensive to buy now, a forum member got a Gupta and suggested my car was the reason for the price rise. So, on my next claim I asked how many 35i/is z4 they covered and it was only mine so I’m to blame lol.
Warranty direct have also been bought out by BNP Paribar
 
Zforbes said:
For me it's a no...

All depends how competent you are with fault finding and fixing minor faults yourself. The vast majority of parts on any E89's are the same, the 35is is a bit more complex but major problems are generic imo.

Saying that, if you get the type of expensive failure like the shockers then you my win on overall costs.

Don't forget though any kind of insurance always earns more than it pays, that is their business.

If you're the type that uses main stealers for an issues you have then probably worth paying the premium. :thumbsup:
Click to expand...

Actually insurance companies make next to nothing from insurance.

It's an extremely competitive market with a lot of players.

They make money from investments not their customers. Their customers are just a way of raising capital for zero interest.

It's a common misconception that they are so rich and powerful because they make a lot of money from insurance but that's just smoke and mirrors. They make money off of property and markets.
 
SonnyA85 said:
Actually insurance companies make next to nothing from insurance.
Click to expand...

They must be in the wrong business, then! :roll:
I'm getting straight on the phone to Aviva and forward your insight. I'm sure they will be grateful. :thumbsup:
 
mcbutler said:
Nictrix said:
mcbutler said:
I took a 3 year full warranty no excess with warranty direct 3 years ago for £1100 (for 3 years).
It expires 16th June (3 days) and I am in to them for nearly £8500! The car is also going in today for a new radiator and heater blower motor as well as a water pump check as it is buzzing a bit.
The rad and fan motor alone are £900 with fitting - easy DIY if you needed to but still expensive.
So I would say yes to a warranty, BMW is your only option if your car is over ten years old regardless..
Click to expand...
How many individual repairs has your car been in the garage for and how much did each repair cost you in excesses?
This has to be factored in for anybody to know the real cost, unless there was no excess on your warranty.
Click to expand...
Hi Nic , no excess as stated in the post sir. Have not got time to go through all invoices but a shortened list would be.
DCT sump, gasket - oil - filters around £300 ish if I remember correctly.
New idrive screen - £2500
Full set of new BMW OE index 12 injectors and coding over £2k
New rad and fan blower motor £900
Several diagnostic sessions at £100 a pop
Rocker cover gasket £200ish
Etc
That warranty is hugely more expensive to buy now, a forum member got a Gupta and suggested my car was the reason for the price rise. So, on my next claim I asked how many 35i/is z4 they covered and it was only mine so I’m to blame lol.
Warranty direct have also been bought out by BNP Paribar
Click to expand...
Cheers. The fact you have no excess to pay makes a huge difference to what you have saved.
If you had been paying £250 for each repair it would have added up to a tidy sum.
 
SonnyA85 said:
Still doesn't change the fact they make nothing on selling insurance
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Really?

"Key Learning Points
Insurance companies make their primary income by charging premiums to customers for insurance coverage
To make a profit, insurance companies ensure the premiums are greater than any future claims. This is known as underwriting profit
Insurance companies can also make a secondary income by investing in premiums while they are not being used to cover claims. This is known as investment income."
 
Scubaregs said:
SonnyA85 said:
Still doesn't change the fact they make nothing on selling insurance
Click to expand...

Really?

"Key Learning Points
Insurance companies make their primary income by charging premiums to customers for insurance coverage
To make a profit, insurance companies ensure the premiums are greater than any future claims. This is known as underwriting profit
Insurance companies can also make a secondary income by investing in premiums while they are not being used to cover claims. This is known as investment income."
Click to expand...

Yes really. I work very close with the industry. It's one of my specialties alongside the oil and gas industry. The truth is insurance companies make next to nothing from selling insurance. It's the investment side of their business that makes them big money not insurance. The insurance market is extremely competitive and therefore you actually get extremely good value for money whenever you buy insurance just that most people are ignorant to how it all actually works.

In fact recently a very well known insurance company decided to split it's investment side of the business away completely from it's insurance and into 2 separate entities because the investment side was doing so well they didn't want it being restricted by the insurance side of the business.

The fact is insurance companies make very little money from insurance itself.
 
[/quote]Still doesn't change the fact they make nothing on selling insurance
[/quote]

But they do make some money from underwriting.
 
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