I had the same debate before I went ahead and purchased the tow hitch, installed it , and you know what, for the rear bumper protection, I purchased a good bike rack that folds down when not in use, it is absolutely doing the thing what a rear bumper guard do ( it also protecting the upper part of the rear of the vehicle too, and also looks more sporty and can also carry bikes, then again you also have yourself a tow hitch for other purpose. That what I came up with when deciding to put a rear bumper guard or not.