A tire protection system includes a magnet assembly disposed in front of or behind a tire of a vehicle. The magnet assembly attracts and collects metallic debris on the roadway in front of the tire as the vehicle travels along the roadway, thereby preventing the debris from damaging the tire. The magnet assembly may be integrated into a wire-type housing and/or frame that is coupled to a mud flap, lower windscreen, and/or body-side molding located near the undercarriage of the vehicle.