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I for one am not a fan of self insurance, engine failure and RMS is too common and too expensive, ask me how I know, to date I have had over $12k in repair costs, $10k covered by AMW. The odds of you having repair costs that equal or exceed the cost of the AMW are probably better than 50/50, with those kind of odds the AMW is well worth the risk.
It also depends on how much and how hard you plan on driving your box. If it is going to be a low mileage garage queen then I would skip the AMW and bank a slush fund for repairs. If you are going to drive it like you stole it, then get the warranty.
Just my $.02
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2001 Boxster S
RUF front bumper, Techart side skirts, Gemballa rear bumper, PSS9s, Cargraphic 18" racing wheels, RUF exhaust, GT3 seats
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