Alloy wheel insurance: Worth it or not?

Alloy wheel insurance: Worth it or not?

Is Alloy Wheel Insurance Right For You? Let's Looks At The Pros & Cons...

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; with almost 30000 callouts related to tyre and alloy damage in 2023. 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 standalone cover. Direct Gap are not only specialists in GAP Insurance but also provide insurance for Tyre’s, Alloys, Scratches and Dents.

James Cartwright

James Cartwright

James is an innovator in the Gap Insurance market with a longstanding understanding of automotive and Gap Insurance and consumer trends. In authoring these articles he brings together over 20 years of industry experience and a lifetime as an automotive enthusiast.

You May Also Like

Four types of other car insurance to protect your vehicle Addon Products

Four types of other car insurance to protect your vehicle

How do you keep your vehicle's tyres in the best possible condition? Car Care and Tips

How do you keep your vehicle's tyres in the best possible condition?

What is tyre insurance, and why do you need it? Addon Products

What is tyre insurance, and why do you need it?

Is tyre and alloy wheel insurance really worth the cost? Addon Products

Is tyre and alloy wheel insurance really worth the cost?

Do I Need Gap Insurance? Gap Insurance

Do I Need Gap Insurance?

Is it worth getting return to invoice GAP insurance? Gap Insurance

Is it worth getting return to invoice GAP insurance?

Is purchasing scratch and dent cover for your new car worth the cost? Addon Products

Is purchasing scratch and dent cover for your new car worth the cost?

How does gap insurance work? Gap Insurance

How does gap insurance work?

What does 'fronting' mean in insurance? Industry News

What does 'fronting' mean in insurance?

A guide for young drivers getting car insurance: what to know and what to avoid Car Care and Tips

A guide for young drivers getting car insurance: what to know and what to avoid