How much is Tyre Insurance?

What you really want to know is whether or not Tyre Insurance is going to be value for money. As you may or may not have already experienced, repairing or replacing a tyre can be a very costly procedure.

A recent report has highlighted that the average cost to replace a tyre is between £150 and £300.

Therefore, if you have three damaged tyres over the course of 12 months, it could cost you as much as £450. As you can see, that figure is a considerable amount more than the cost of a Tyre Insurance policy for you and your vehicle.

If you plan on purchasing a Tyre Insurance policy over the course of three years, you have the ability to make up to 5 claims. If you did in fact have to repair 5 tyres over the course of a three year period, then that could cost you as much as £750 if each replacement/repair cost £150.

If each replacement/repair cost as much as £300, in total, the 5 different replacements/repairs would cost as much as £1,500. However, it is highly likely that you will not make five claims over the course of the next three years and therefore the decision over whether it is value for money is down to yourself.