Discount Tire add on insurance

ktmrfs wrote:

I am still wayne_tw wrote:
It is not worth it. Tell me, when was the last time you had tire damage that was not repairable? For me, it was about 30 years ago. Figure you will damage a tire beyond repair very 20 years or so. They want $64 plus tax to protect the tires. If you are unlucky enough to damage a tire beyond repair, not likely, then how much more than $64 will it cost to replace a tire? Maybe $40? Are you willing to spend $64 to save $40 IF AND THAT IS A BIG IF you damage one tire?

My car tires are $250+ EACH. In the last two years I've had three tires replaced by discount tire (over $600 total) for road hazard (see my post above) Two from hittig an expose water main cover, one from a sidewall nail. over $750 in tires replace under warranty at my cost of $64 for the set of 4. pretty good return on investment. I will admit, 40 series Z rated tires are much easier to be damaged than a LT tire. And I don't pay for the warranty on my truck tires, but do on my 40 series car tires and Maxxis TT tires.

The road hazard is insurance. The basic rule is never buy insurance for anything you could comfortably repair or replace yourself, or the cost of the insurance is 2/3 of the value of the item being insured.

Could you comfortably replace a tire if needed?

I suspect most of these posters who claim they routinely make money on tire hazard insurance are really just fooling themselves and trying to fool us. Think about it....if they are making money then the store is loosing money. If the poster's experience is typical, meaning anyone can expect the same results, then the probability is the store is engaging in a money loosing proposition. How likely is that?

The odds are that buying road hazard insurance will provide peace of mind but not provide a meaningful payback in dollars.