Wheel and Tire Insurance in Canada

Canuckles · 07-07-2011, 03:20 PM

Hi guys,

I have searched the forums for the opinions of owners regarding this topic, basically the views seem split. Most of the people FOR wheel and tire insurance are U.S. owners that received great deals, ie 4 or 5 yrs for $1500 or less. I've read some people get 5 years at $900, whether that is third party I'm not sure.

My question is for those wanted peace of mind, was it worth it. My dealership has quoted me $2106.72, HST included, for 5 years which I initially declined. Reason being, they state that the package will only replace curb rash a max of two times, and tires would only be covered if they were of similar quality to the OEM PS2's. However, wheels of differing widths (255 fronts and 275 rears for instance), and summer/winter tires would be covered. I'm starting to have second thoughts, and would like some of your opinions. Keep in mind the roads where I live aren't bad, there is the occasional pothole. Thanks in advance.

Canuckles · 07-07-2011, 11:33 PM

Anyone have anything to add? Does that two curb rash replacement limit seem like BS?

Prince_of_Persia · 07-08-2011, 12:10 AM

I just can say that they offered me and I rejected it.

Vise · 07-08-2011, 08:30 AM

Quote:

Originally Posted by Prince_of_Persia

I just can say that they offered me and I rejected it.

I passed on my 2008 and will be doing the same on my 2011. For the amount they are asking you can easily pickup a full set of replacement rubber with $500 or so left over... heck I paid half that for my winter tires, why would you give them $2k+ as an insurance policy when you can use that money to actually buy new tires and/or wheels as you need them?

M3 vert · 07-10-2011, 07:12 PM

Quote:

Originally Posted by Vise

I passed on my 2008 and will be doing the same on my 2011. For the amount they are asking you can easily pickup a full set of replacement rubber with $500 or so left over... heck I paid half that for my winter tires, why would you give them $2k+ as an insurance policy when you can use that money to actually buy new tires and/or wheels as you need them?

Actually, I beg to differ.

For my M3 I never got it, but for the 760Li different story

I went through 3 cracked rims because of potholes, couple of winter and summer tires.
Mind you they did give me some trouble but it was all sorted eventually as there was a change in warranty company between when I purchased the tyre warranty and later when claims were made.
I think with the 20" individual M rims and 18" Alloy wheels for winters, having gone through one tyre and rim replacement more then made up for the cost of the warranty.
However 2K does seem steep?
I paid that for my 5yr/96KM service inclusive plan on the M which covers all wear and tear items including the service inclusive parts, which I think would be a better insurance policy as it stays with the car and can enhance resale value!

So it all comes down to your driving style and whether you have to deal with toronto potholes!

M3-Mike · 07-11-2011, 06:31 PM

I paid like $895 for 5 years! For that price worth it, already hit one pothole and got a new front tire out of it.

Canuckles · 07-12-2011, 02:01 AM

Quote:

Originally Posted by M3-Mike

I paid like $895 for 5 years! For that price worth it, already hit one pothole and got a new front tire out of it.

How the hell did you pay $895, without a doubt I would have taken that....... and you're in T.O.?

lebreeze · 07-12-2011, 10:01 AM

I got it and haven't used it yet. I forget how much I paid. I'm not getting this time on my new M

07-07-2011, 03:20 PM	#1
Canuckles Private First Class Drives: MW 2011 E92 M3 Join Date: Feb 2011 Location: British Columbia Posts: 153 iTrader: (0)	Wheel and Tire Insurance in Canada Hi guys, I have searched the forums for the opinions of owners regarding this topic, basically the views seem split. Most of the people FOR wheel and tire insurance are U.S. owners that received great deals, ie 4 or 5 yrs for $1500 or less. I've read some people get 5 years at $900, whether that is third party I'm not sure. My question is for those wanted peace of mind, was it worth it. My dealership has quoted me $2106.72, HST included, for 5 years which I initially declined. Reason being, they state that the package will only replace curb rash a max of two times, and tires would only be covered if they were of similar quality to the OEM PS2's. However, wheels of differing widths (255 fronts and 275 rears for instance), and summer/winter tires would be covered. I'm starting to have second thoughts, and would like some of your opinions. Keep in mind the roads where I live aren't bad, there is the occasional pothole. Thanks in advance. Last edited by Canuckles; 07-07-2011 at 11:18 PM.
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07-08-2011, 12:10 AM	#3
Prince_of_Persia Colonel Drives: 6MT E92 M3 Join Date: Aug 2010 Location: Calgary, Alberta Posts: 2,152 iTrader: (1)	I just can say that they offered me and I rejected it. __________________ AW\|FR 6MT E92 ///M3

07-12-2011, 10:01 AM	#8
lebreeze Lieutenant Drives: MY11.75 m3 zcp, c63 Join Date: Mar 2008 Location: windsor Posts: 580 iTrader: (1) Garage List 2008 e92 m3 [0.00]	I got it and haven't used it yet. I forget how much I paid. I'm not getting this time on my new M __________________

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07-07-2011, 11:33 PM	#2
Canuckles Private First Class Drives: MW 2011 E92 M3 Join Date: Feb 2011 Location: British Columbia Posts: 153 iTrader: (0)	Anyone have anything to add? Does that two curb rash replacement limit seem like BS?

07-11-2011, 06:31 PM	#6
M3-Mike Second Lieutenant Drives: 2008 M3 Coupe DCT Join Date: Jan 2009 Location: Toronto Posts: 241 iTrader: (0)	I paid like $895 for 5 years! For that price worth it, already hit one pothole and got a new front tire out of it.