I bought it. Paid $1338 for 5 year coverage. Check coverage of your exact policy but typically covers both road hazard damage/replacement of tires (due to nails, glass, etc.) AND more importantly, replaces your wheels if you (or for example, a valet driver) 'kisses' a curb and scratches up your monster (size and price) 22" rims. This is 'cosmetic' insurance, just like paintless dent repair (which I bought for $449) and interior/exterior appearance protection/coating (Ceramic, which I also bought for another $1095). If you care about how your car looks, resale value, etc. its worth it because ONE incident in any of these categories typically makes the policy worthwhile. (p.s. especially worthwhile if you have young kids!)