Alloy wheel insurance: Worth it or not?
Alloy wheels can be susceptible to damage from potholes and other road hazards in addition to malicious damage. In some cases, this damage can be severe enough to require the replacement of the entire wheel. This is not normally something that is covered by standard vehicle insurance. You may need to take out additional insurance to cover this or pay for the repairs yourself. That's where alloy wheel insurance comes in.
But is alloy wheel insurance worth it? This is a query that many people ask when they are considering acquiring a new set of wheels. While the answer may vary depending on each individual's circumstances, there are some general factors to consider that can help you make a decision.
In this article, we will look at what alloy wheel insurance is, how it works, and whether or not it is worth the investment.
"In extreme cases, bent or broken alloy wheels can cause blowouts or other serious issues while driving."
What is alloy wheel insurance?
Alloy wheel insurance typically covers repairs or replacements if your alloy wheels are damaged in an accident accidentally or maliciously. It may also cover cosmetic damage, such as scratches or scuffs.
Alloy wheel insurance can be purchased as an add-on to your existing GAP insurance policy or as a standalone policy.
How does alloy wheel insurance work?
Alloy wheel insurance works by protecting your alloy wheels from accidental or malicious damage. If your alloy wheels are damaged, you can file a claim with your insurance company to have them repaired or replaced.
Most insurance companies will pay the cost of repairs up to a certain amount.
The insurance company may require the policyholder to have the damaged wheels repaired by a certified repair shop, and they may also require the policyholder to provide proof of purchase for the replacement wheels.
Is alloy wheel insurance worth it?
If you're considering whether or not to get alloy wheel insurance, here are three reasons why it may be worth it.
1. Alloy wheels can be expensive to replace if they're damaged: Depending on the severity of the damage, you'll have to pay for the repairs or replacement – and that can cost a lot. Tyre insurance will help you cover the cost of repairs or replacement, so you won't have to worry about it.
2. Damage to alloy wheels can affect the performance of your car: While the severity of the damage will ultimately determine how much performance is impacted, even minor damage can throw off the alignment of your wheels and negatively impact handling.
In extreme cases, bent or broken alloy wheels can cause blowouts or other serious issues while driving. As such, it's essential to have any damage to your alloy wheels inspected and repaired as soon as possible to avoid any potential problems down the road.
3. Peace of mind: Insurance can provide peace of mind in knowing that you're covered in case of any damage to your expensive alloy wheels.
If you're unsure whether or not alloy wheel insurance is right for you, it's always a good idea to speak with your insurance agent to get more information. Then, you can make an informed decision about whether or not alloy wheel insurance is right for you.
How many claims can I make?
There is typically a set limit to the number of claims you can make on your alloy wheel insurance policy. As of August 2022, Direct Gap’s Combined Tyre and Alloy Wheel Policy offers a maximum of five claims each for Tyres and Alloys.
Where can I purchase alloy wheel insurance?
You have a few different options. You can purchase it alongside GAP insurance or as a standalone. Direct Gap are not only specialists in GAP Insurance but also provide insurance for Tyre’s, Alloys, Scratches and Dents.
When it comes to finding the right insurance for your needs, be sure to look at Direct Gap’s Tyre and Alloy Wheel Damage Cover. We'll help you find the coverage you need at a price you can afford.