Are dealer insurance packages worth the extra?

I'm picking up a new BMW shortly and the dealer is keen to sell me GAP insurance, smart insurance (for the bodywork), tyre and alloy insurance, and ceramic paint protection. Each are £500. Are any of these things worth it, and if so am I better buying them from aftermarket insurers?

Asked on 17 September 2021 by martin tonbridge

Answered by Dan Powell
It is difficult to answer this question without knowing what level of cover these insurance products provide.

Many salespeople at dealerships will get a commission from the sale of extras, like GAP and wheel insurance. As a general rule, I would always recommend comparing the insurance products (and the level of cover) being offered here with third party insurers. It's possible you will save money and get a better insurance product with another provider.

Another thing to note is that if you do want a ceramic coat applied, make sure you get it done by a professional. Some dealers will be able to do this, but some are just trying to upsell this to you in order to make more commission.

For advice on GAP insurance, see:
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