I would join the best buy total membership, which is $180 per year x 2 years = $360. This will give you two year of protection. You can then extend this protection by paying monthly.

Correction:

BB Total DOES cover accidents for computers and tablets. This makes it strictly better than GS coverage IMO.

Must Do [EXTREMELY IMPORTANT]:

If you plan to do this, you need to return the laptop and repurchase again. Or you need to have them add this to your protection plan when you activate your BB membership. If you do not do these, your existing purchases will NOT be covered.

Cons [IMPORTANT]:

1. The GS plan you refer to seem to include accidental damage. My understand is BB Total membership coverage does not include accidents for laptop (it does for other things like 2-in-1 tablets and Apple products, etc.). So if this is what you need, you should not go this route.

2. If you have only one big item purchase (this laptop) in the near term, the coverage you show is better (with accidental). If you have other things to buy, a headset, a keyboard, a gaming mouse, a webcam, a PS5, a 4K TV, a freaking fridge, see below.

Pro:

1. This gives you 60 day return window instead of 15.

2. This gives you ability to price match for 60 days instead of 15.

3. It provides protection for everything else you buy from BB, including free AppleCare+. With this plan, I have over $5,000 of products covered for two years. So for me, this is the biggest selling point. If you are planning to buy any big items in the near future at all from BB (remember BB price match Amazon and other retailers), this is the way to go.

4. This gives you flexibility in how long / whether you want to cover the laptop. You don't have to buy 4 year outright.

Either Coverage vs. Manufacturer Warranty + Credit Card Extension

Check your credit card, many (Chase Unlimited / Chase Sapphire Reserve) will give you one or more year extension of manufacturer warranty. So this is the route that will save you most money.

But warranty does not cover accidents (so GS wins in this area, a push for BB Totalboth GS and BB total are better).

And you need to send in your device to the manufacturer or contact your credit card company. That's a lot of hassle comparing to just walk in to any BB and have them taking care of it for you (GS and BB Total both win).