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Old 07-12-2019, 05:23 PM
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Join Date: Mar 2014
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Mein Auto: 2014 535i + 2018 X3 30i
Doug's right... sort of On average, warranty premiums cost more than warranty claims.

Anytime there's a discussion on extended warranties people post how they've saved money by having one. I believe them. But, they are not a representative sample of those who have bought extended warranties. People are less likely to post "I spent $4k on an extended warranty and have nothing to show for it."

BMW's extended warranties have an inherent advantage, in that they provide the parts and they get a discount on the tech's labor at dealerships.

Insurance is best suited for those losses that would wipe you out: destruction of a house, $1M in medical bills, dying early and leaving dependents, causing a traffic accident that kills 20 people, etc.
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