Thank you, you have corrected your statement that you figure you will get four new tires mounted and balanced for $599. As you point out, that is true only if in fact you get four flat tires. You may get nothing, except for the peace of mind. That's fair.

Tire and wheel insurance, on average, is a losing game for buyers. The dealers and insurers all sell it at a profit, usually with multiple levels of profit between the policy issuer and the selling agent. A small number of buyers will come out ahead, essentially winning the flat tire lottery, but most will lose, and on average, everbody loses. What all those buyers get for their cash outlay though is a certain peace of mind, some certainty over what their tire costs will be. That is totally fair, and if people can't afford the uncertainty of the cash outlay for a replacement tire, or any surprise cost, then insurance makes sense. The cheapest course of action will be to be self-insured, as long as one can handle any surprise costs (in this case, the cost of a flat tire).

What was illogical was the idea that someone was selling four run flat tires, mounted and balanced, for $599, including their profit margin.

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2007 X3 3.0si, 6 MT, Premium, White

Retired:
2008 535i, 6 MT, M Sport, Premium, Space Grey
2003 X5 3.0 Steptronic, Premium, Titanium Silver
2002 325xi 5 MT, Steel Grey
2004 Z4 3.0 Premium, Sport, SMG, Maldives Blue