I think the going rate for aftermarket repair insurance policies (hate to call them warranties because BMW has nothing to do with them), has been around $900-1,000 for 3 years of coverage. Not bad when you have an ABS failure ($1,700 unit price not counting labor) make sure ABS is covered as not all do. Center stand actuator $950. And the list goes on. You gotta choose which path is right for you. My factory warranty is up the 5th of June and I am going to bank my $900 and let it earn interest.
I have a 2005 LT that turned 36,000 miles at the end of Sep 2006 and at that time I purchased Pinnacle extended warranty. It cost me $1,197.43. Last week the rear drive had to be replaced and the bill was a little over $1,500.00. Pinnacle paid all but the $25.00 deductable and the next day air,which was around $80.00 and the fluid, which these items the warranty does not pay. I have got my money back and have coverage until March of 2011. I debated to buy extended warranty but as long as I ride BMW's I will buy extended warranty. I would not on any other bike. You have to like a BMW to own one.
I have one from cycle express. It cost me 700.00 for 3 years on my 03 ltc. It has a 50.00 deductable and has very, very few exclusions. Just used it on a fork seal replacement and it saved me between 400 - 500.00. No hickup with the payment and the dealer worked it out entirely with the insurance company. My only bill was the 50.00 deductible. That is the way it should work ....
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