Wheel and tire insurance...yes -no? what's the scoop?
04-29-2013, 11:04 PM
#16
Burning Brakes
Join Date: Jun 2012
Location: Pensacola, Florida
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Funny you should ask....just took mine in today because i could hear that "slap-slap-slap" that signified either a stubborn rock that wouldn't dislodge over a week's time, or yet another nail. ...Aaaand it was another nail. This will be my third rear passenger tire due to nails in the sidewall. They never seem to hit in the middle. And I don't know why they like that back right corner so much. So, if tires were only $70- $100 per, like my old Camry, then I would say the tire insurance is a ripoff. However, seeing that this tire runs $600 installed and balanced, I would recommend taking a hard look at that insurance. Are you daily driving it? In my case, there's tons of construction around me now that the economy's picked up a bit. My dealer never has the tire in stock, so they're keeping the car overnight right now. They gave me a loner til it's done. It's all covered by the insurance. I've almost broken even after 2 nails in less than a year. I've got the wild idea to sell the car after the tire insurance runs out. $600 a pop is ridiculous. But, if you're not daily driving it, the insurance might not make sense.
04-29-2013, 11:27 PM
#17
AutoX
Join Date: Mar 2013
Location: West Orange, NJ
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Have had wheel & tire ins on my last two leases (M6 followed by M3), and on my brand new 911S cab I would not go without it. Living in northern NJ, and using my car as a DD, where the roads always bring on a new surprise - yes, for sure on 20" wheels I couldn't imagine going w/out. My ins ran 1600 btw. Can't speak about Geico, but Liberty Mutual doesn't offer this. As an aside, would anyone really want to put a claim in (where rates are impacted) for each tire occurrence, I think not. And even if the answer is yes, there's the deductible that you have to consider per claim. With wheel & tire policies I've had - zero deductible. Anyway, a personal decision, but one I'd never go without (and yes, it's paid for itself in each instance).
04-29-2013, 11:38 PM
#18
It cost me $799 for 3 years.
Worth it given the cost of a single replacement tire..
Worth it given the cost of a single replacement tire..
04-30-2013, 11:12 AM
#19
Burning Brakes
I only bought in once. As stated by others, if it wasn't a money maker for the dealer and the insurance company, they wouldn't be offering it. Also look at the huge variance in what people here on this thread say they paid for it. There is obviously a "buy rate" for the dealer, then whatever markup the market will bear.
04-30-2013, 09:24 PM
#20
Instructor
Many tire shops repair nail damage for free. I know that Porsche does not recommend repairing, but if the nail is not in the sidewall the repair works out just fine. Have done this 4-5 times without issues, including running down my repaired track / AX wheels (almost) to the thread.
04-30-2013, 11:07 PM
#21
Burning Brakes
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Many tire shops repair nail damage for free. I know that Porsche does not recommend repairing, but if the nail is not in the sidewall the repair works out just fine. Have done this 4-5 times without issues, including running down my repaired track / AX wheels (almost) to the thread.
05-01-2013, 10:43 AM
#22
Burning Brakes
I will take your good tires with a repairable nail hole in the middle of the tread, please let me know shipping costs.
I'm kind of kidding....but I'm kind of not. Tire shops fix small nail holes either by plugging from the outside, patching from the inside, or both on a daily basis. People with "lesser cars" don't even think about it, yet folks here have been indoctrinated to think that even the most minor problem "ruins" the tire. Haven't had any tire problems on my 991 yet, but wouldn't hesitate to at least have my reputable tire guy look at a nail hole before throwing the tire away. I've had plenty of performance tires repaired in the past with no ill effects, my preferred shop will be the first to tell me if it's not a good idea.
Of course the tire manufacturer, holding the liability, will tell you it can't or shouldn't be done.
I'm kind of kidding....but I'm kind of not. Tire shops fix small nail holes either by plugging from the outside, patching from the inside, or both on a daily basis. People with "lesser cars" don't even think about it, yet folks here have been indoctrinated to think that even the most minor problem "ruins" the tire. Haven't had any tire problems on my 991 yet, but wouldn't hesitate to at least have my reputable tire guy look at a nail hole before throwing the tire away. I've had plenty of performance tires repaired in the past with no ill effects, my preferred shop will be the first to tell me if it's not a good idea.
Of course the tire manufacturer, holding the liability, will tell you it can't or shouldn't be done.
05-01-2013, 12:12 PM
#24
My dealer just offered me tire, rim, dent insurance for my 2 yr lease for $1600.
Seems kind of high- other post mentioned about $700 so my quote likely is a huge mark up.
Not sure if I should take it.
Anyone have any luck with non dealer endorsed policies?
Seems kind of high- other post mentioned about $700 so my quote likely is a huge mark up.
Not sure if I should take it.
Anyone have any luck with non dealer endorsed policies?
05-01-2013, 02:23 PM
#25
Three Wheelin'
As with buying extended warranty on a refrigerator, I do not think its worth it personally...I had it on my last p-car, and whenever I trued to put a claim through, a) it was a hassle or b) they tried to claim a loophole issue, etc (like low tire tread) Besides, if the tire is new and I get a nail in a repairable spot, I simply have the tire patched and move on never once had an issue with a patched (or plugged for that matter) tire failing ever
05-01-2013, 02:46 PM
#26
Drifting
As with buying extended warranty on a refrigerator, I do not think its worth it personally...I had it on my last p-car, and whenever I trued to put a claim through, a) it was a hassle or b) they tried to claim a loophole issue, etc (like low tire tread) Besides, if the tire is new and I get a nail in a repairable spot, I simply have the tire patched and move on never once had an issue with a patched (or plugged for that matter) tire failing ever
05-01-2013, 10:20 PM
#27
Rennlist Member
I've had plugs fail, but never patches. In any case the plug failures merely appeared as a slow leak that TPMS would catch before it became a safety hazard.
I imagine I could see parkerfe's point of view if I'd ever heard of a single instance where a failed patch of a nail or screw hole in the tread had caused an accident, on a track or off.
I imagine I could see parkerfe's point of view if I'd ever heard of a single instance where a failed patch of a nail or screw hole in the tread had caused an accident, on a track or off.
05-01-2013, 10:38 PM
#28
My dealer gave me these prices:
3 years- $1,771
4 years- $1,915
5 years- $1,978
When I questioned why the pries are so high I got this:
"There are cheaper plans but they don't cover cosmetic damage. This one does. You scratch a rim, they pay to fix scratch.
A tire on this car has to be $400 and if a rim cracks that has to be at least $1,000
I don't sell the cheaper plans as I don't know who backs them or how long they will be around. This is backed by Safeguard who is a huge player in the insurance arena. "
Anyone know if there are different types of insurance? My car will be a DD but those rates seem really high.
3 years- $1,771
4 years- $1,915
5 years- $1,978
When I questioned why the pries are so high I got this:
"There are cheaper plans but they don't cover cosmetic damage. This one does. You scratch a rim, they pay to fix scratch.
A tire on this car has to be $400 and if a rim cracks that has to be at least $1,000
I don't sell the cheaper plans as I don't know who backs them or how long they will be around. This is backed by Safeguard who is a huge player in the insurance arena. "
Anyone know if there are different types of insurance? My car will be a DD but those rates seem really high.
05-02-2013, 10:24 AM
#29
Burning Brakes
My dealer gave me these prices:
3 years- $1,771
4 years- $1,915
5 years- $1,978
When I questioned why the pries are so high I got this:
"There are cheaper plans but they don't cover cosmetic damage. This one does. You scratch a rim, they pay to fix scratch.
A tire on this car has to be $400 and if a rim cracks that has to be at least $1,000
I don't sell the cheaper plans as I don't know who backs them or how long they will be around. This is backed by Safeguard who is a huge player in the insurance arena. "
Anyone know if there are different types of insurance? My car will be a DD but those rates seem really high.
3 years- $1,771
4 years- $1,915
5 years- $1,978
When I questioned why the pries are so high I got this:
"There are cheaper plans but they don't cover cosmetic damage. This one does. You scratch a rim, they pay to fix scratch.
A tire on this car has to be $400 and if a rim cracks that has to be at least $1,000
I don't sell the cheaper plans as I don't know who backs them or how long they will be around. This is backed by Safeguard who is a huge player in the insurance arena. "
Anyone know if there are different types of insurance? My car will be a DD but those rates seem really high.
The one time I bought wheel/tire insurance was on my 2006 Cayman S. It was $550 back then and I used it once for a catastrophic tire failure after a 1 inch bolt somehow punctured the tire. That is the only total tire failure I have had in the last 30 years, I'll take my chances.
05-02-2013, 08:07 PM
#30
it's a toss up IMO. i got the deluxe policy from dealer for $1000 covering 5 years for tires and wheels (as long as you ran over it on a public hwy and it wasnt a curb job).........so at $450/tire and $1500/wheel who knows? read the contract though, i think different dealers have different policies and their isnt a "porsche approved policy"?