Is ps3 best buy warranty worth it?

i bought the move bundle pack for 399. best buy automatically comes with 1 year warranty. for 3 more years its 160 which i feel is too much. but they have an 80 one for another year but its not i yr plus 2 yrs, its a collective 2 years for 80 bucks. is this worth it? essentially, its 80 bucks for the 2nd year of coverage. what should i do??