I live in NJ and drive on rough roads with pot holes, I purchased tire/wheel insurance for 5 years for $599 when I got my 2006 330i with 18" sport suspension wheels and 1st gen run flats. I never used the insurance for a tire or wheel claim. I won't buy it in the future, and definitely wouldn't if it was $1299!
2013 335i M-Sport 6MT
Estoril Blue | 19" 403M Wheels | Black Leather | Aluminum Hex Trim | Black Highlight Trim | Cold Weather Package | Dynamic Handling Package | Technology Package | Premium Package | Park Distance Control | Harmon Kardon