Optional insurance products - are they worth the extra? | Ask Honest John

Optional insurance products - are they worth the extra?

I am about to purchase a BMW 530i M Sport. However, the dealership is trying to sell me optional insurance products relating to the car and I am not sure if I need them.

They are selling:

- Cosmetic warranty for £499 for three years to cover any minor damage, or
-Tyre Insurance with prices from £299-£499 for periods of 1-3 years with a maximum claim of five per policy claim limited to £500 per tyre,
- Smartguard for the interior and exterior of the car £495,
- Alloy wheel insurance from £199-£299 for 1-3 years - limit to six claims per year.

Should I get any of these?

Asked on 19 June 2014 by Josh 1

Answered by Honest John

All salesman's commission earners on which the rate of commission is usually about 200 per cent. GAP insurance is worth having but at 1/3 of dealer price from www.ala.co.uk

Autoglyn Lifeshine paint protection is worth maybe £200 - £250, which gives the salesman £100 - £150 to feed his wife and kids.

Tags: insurance buying a new car

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