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Warning: Tyre Insurance Ripoff
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# 1
Biffer
Old 28-05-2008, 1:06 PM
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Angry Warning: Tyre Insurance Ripoff

I just bought a used car from our local BMW dealership. They tried to sell us a whole load of protection policies that cover paint, gap insurance etc. We said no to all of them, but the tyre protection policy looked like a really good deal.

For just 299 they would replace up to 5 damaged tyres over a period of 3 years. This car had Run Flat Tyres (RFT) and knowing that RFT's cannot be repaired after a puncture (I've got them on my other car) and that they're almost twice the price of normal tyres, we decided to sign up for this one. A single tyre on this car can cost over 250, so we thought this was a no brainer. Thinking it was too good to be true I studied the small print before signing but all seemed fine.

I got the full policy document through yesterday and guess what? It was too good to be true! The limit on the policy is 300, which is enough to cover just one tyre, not 5. In fact I can't think of any recent BMW's that you could replace 5 tyres on for 300. I just double checked and there was nothing about policy limits on the document I signed. I'm now trying to cancel the policy.

So a warning to others, don't just read the small print, ask for the policy limit to be confirmed before you sign anything.
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# 2
zkw29
Old 28-05-2008, 2:13 PM
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Is it definately £300 total or is it £300 per tyre? Why would anyone pay £299 for up to £300 worth of tyres?
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# 3
G-G
Old 28-05-2008, 2:16 PM
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I should think it would be a maximum claim of 300 up to a maximum of 5 occasions... ?

Like zkw29 said, why pay 299 for 300 of protection?
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# 4
missile
Old 28-05-2008, 2:47 PM
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I would agree it is likely 5X 300 max, but that still sounds like a rip off to me.

Why did you sign up for it? 250 per tyre , you want to go somewhere else for your tyres. How many damaged tyres have you had to replace in the last three years?
"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Ghandi
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Last edited by missile; 28-05-2008 at 2:49 PM.
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# 5
raskazz
Old 28-05-2008, 4:45 PM
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I tend to agree with others wo have responded in that I'm sure the £300 limit refers to the maximum claim for one tyre, although it does limit you to making five claims of up to £300 each in the policy period.

I wouldn't buy it simply because you can go for thousands of miles on a slow punctured run-flat as long as you keep it an eye on the pressure regularly and don't thrash it.

Last edited by raskazz; 28-05-2008 at 4:48 PM.
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# 6
Biffer
Old 28-05-2008, 4:46 PM
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Quote:
Originally Posted by missile View Post
I would agree it is likely 5X 300 max, but that still sounds like a rip off to me.

Why did you sign up for it? 250 per tyre , you want to go somewhere else for your tyres. How many damaged tyres have you had to replace in the last three years?
I did check this with them over the phone. The maximum that can be claimed on the policy is 300 whether you damage 1 tyre or all 5 over 3 years. They're big tyres and the cheapest I can find the rears in RFT spec is 282 - at Blackcircles and they're normally one of the cheapest.

I've got another BMW with run flats fitted and I've had 2 punctures in the last 2 years. As they can't fix them, that cost me over 200 per tyre. This is what made the insurance look so appealing.
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# 7
G-G
Old 28-05-2008, 4:49 PM
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But your post said that the wording states they will replace up to 5 damaged tires over a period of 3 years..

I don't see the point in having the insurance otherwise?

Can you cancel, use your 14 days cooling off period?
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# 8
Biffer
Old 28-05-2008, 5:22 PM
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I just called them again and it appears the 1st customer service rep got it wrong. They will allow you to claim 5 tyres @ up to 300 each Which is a relief. They actually cover 4 tyres fitted to the vehicle and 1 spare. So as I've got no spare that's 4 tyres @ 300.

However the policy does stipulate that it only covers the 4 tyres fitted to vehicle at the time of taking out the policy. If you have to replace all 4 tyres a few months later, if they're worn below 2mm, the policy is worthless, as it only covers the original tyres for 3 years, not new tyres. I don't know how they'd know if you were claiming on an original tyre or not?

I average one puncture per year and new tyres every 2 years and these tyres look fairly new. So it might just pay for itself.
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# 9
missile
Old 28-05-2008, 11:43 PM
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Let's hope you never need to claim on the policy
"A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Ghandi
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# 10
tight-git
Old 15-02-2009, 3:32 PM
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hi guys
i ve just made 1 claim - well luckily i have MADE the claim .1 tyre costed 220+ on my bmw 530 ..you actually need to get an OK before you get it repaired ,but im ok as the National tyres guys helped me ,as they are 1 of the approved dealers.

anyway , i am now buying another insurance for another bmw 520 - its only 175 car2cover.co.uk , well worth it !
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# 11
dacouch
Old 15-02-2009, 10:59 PM
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Bear in mind it may have a "Betterment Clause" which is often invoked on tyre claims. This in effect means that if your tyres had an expected life of 4 years and you made a claim for them when they were two years old. The insurer would normally ask you to contribute 50% of the tyre cost as you would have brand new tyres. Have a look at the policy and also ask BMW Insurance whether they do this as it could affect the amount you receive towards a new tyre dramatically
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# 12
TTT2
Old 24-02-2009, 9:05 PM
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i've recently cancelled my bmw tyre insurance due to the fact of the price and that the finance guy there telling me afew porkies which i caught him out on. well i chose to insure my tyres with car2cover RFT 224 for 5 tyres upto 250 each. compare this with what bmw tried to sell, 299 instant saving of 75--done..note you need to insure with 14days of vehicle purchase to qualify and you get an instant quote online.
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# 13
dickybird
Old 04-12-2009, 8:19 PM
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Unhappy Tyre cover

Tyre cover is a big con have just tried to make a claim on my tyre insurance which I took out when I brought my car broke down with a flat tyre last night .Took the trye to a garage they ordered a new one in as it was a special make so ok .Rang the insurance company today they said it was a false claim as I had not let them know but I explained it was after hours and the policy does state that it is ok so I emailed the bill to them and they told me they wont pay as the tyre had gone in one day and I had paid the next day so they will not pay out my claim .SO ITS A BIG CON when you buy things in good faith very dissappointed .
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# 14
BadgerBoy
Old 02-01-2010, 5:12 PM
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Quote:
Originally Posted by dickybird View Post
Tyre cover is a big con have just tried to make a claim on my tyre insurance which I took out when I brought my car broke down with a flat tyre last night .Took the trye to a garage they ordered a new one in as it was a special make so ok .Rang the insurance company today they said it was a false claim as I had not let them know but I explained it was after hours and the policy does state that it is ok so I emailed the bill to them and they told me they wont pay as the tyre had gone in one day and I had paid the next day so they will not pay out my claim .SO ITS A BIG CON when you buy things in good faith very dissappointed .
Hi

I'm thinking about taking insurance out as the run flats for my car cost 250 and 310 (front and rear). Who was this policy with?
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# 15
savemoney
Old 02-01-2010, 5:29 PM
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I been driving for 25+ years 10 years on my own car, never once replaced a tyre other than wear and tear, I accept flat tyres., punctures, and rarely fortunately blow outs happen but better to put money aside for this than wasting money on insurance

I know thread is old and bumped up
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# 16
Prowse
Old 20-07-2010, 9:02 AM
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Well I've had punctures in 50% of my tyres over the last decade or so (mainly due to contractors sweeping out their vans in our College car park). So I've just taken the tyre insurance, I think it'll be well worth it for me.
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# 17
sfax
Old 27-03-2011, 10:38 AM
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Quote:
Originally Posted by savemoney View Post
I been driving for 25+ years 10 years on my own car, never once replaced a tyre other than wear and tear, I accept flat tyres., punctures, and rarely fortunately blow outs happen but better to put money aside for this than wasting money on insurance

I know thread is old and bumped up
How many of these cars had run flats? I wouldn't buy insurance for normal tyres but RFTs are more likely to get a flat than standard tyres. Hence the need for insurance.
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# 18
Derek1602
Old 08-03-2012, 3:07 PM
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Quote:
Originally Posted by Biffer View Post
I just bought a used car from our local BMW dealership. They tried to sell us a whole load of protection policies that cover paint, gap insurance etc. We said no to all of them, but the tyre protection policy looked like a really good deal.

For just 299 they would replace up to 5 damaged tyres over a period of 3 years. This car had Run Flat Tyres (RFT) and knowing that RFT's cannot be repaired after a puncture (I've got them on my other car) and that they're almost twice the price of normal tyres, we decided to sign up for this one. A single tyre on this car can cost over 250, so we thought this was a no brainer. Thinking it was too good to be true I studied the small print before signing but all seemed fine.

I got the full policy document through yesterday and guess what? It was too good to be true! The limit on the policy is 300, which is enough to cover just one tyre, not 5. In fact I can't think of any recent BMW's that you could replace 5 tyres on for 300. I just double checked and there was nothing about policy limits on the document I signed. I'm now trying to cancel the policy.

So a warning to others, don't just read the small print, ask for the policy limit to be confirmed before you sign anything.
try tyregiant.com 217 for fully fitted tyre balance included. thats for Bridgestone RFT for X5
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# 19
cajef
Old 08-03-2012, 3:12 PM
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Quote:
Originally Posted by Derek1602 View Post
try XXXXXXXXXXX 217 for fully fitted tyre balance included. thats for Bridgestone RFT for X5
Think they may have sorted something out by now as the post was four years ago.
I used to have a handle on life, but it broke.

Last edited by cajef; 08-03-2012 at 3:23 PM. Reason: To remove website.
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# 20
cajef
Old 08-03-2012, 3:25 PM
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Quote:
Originally Posted by Derek1602 View Post
For X5 Tyre log on to XXXXXXXXxx were you can purchase a Tyre for your car fully fitted at a cost of 217 Read instructions on web site as to were to get fitted,
Two posts by a newbie both promoting the same website looks remarkably like spam.
I used to have a handle on life, but it broke.
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