We had an ESP on the previous DP and it was a $100 deductible. It was for 4 years and it paid for itself on one claim. We had a bunch of smaller claims also. That was worth it. We traded last year and purchased a Good Sam ESP with a $1,000 deductible, as the cost had gone up a lot. I am probably covered for a major motor or,transmission event, but not much more. I take good care of the power train and have a lot of confidence in the reliability of both units, so I am seriously considering self insuring and just maintaining a reserve cash fund to cover the major stuff. I suspect that I may have problems with the Aquq-heat boiler (rust), and that is not covered by any ESP. That is a $6-8k repair and no ESP coverage. I think it is a good idea to have a policy if it can cover the small stuff as well,as the,big stuff for,piece of mind mainly. Probably not a good economic justification however.
2007 Dutch Star 4320
2010 Mazda Miata 6 speed