If you drive an older vehicle or one with high mileage, an extended car warranty may help you avoid expensive repair bills. While these plans can be a worthwhile investment for many drivers, they are not the right choice for everyone. Here are a few important things to keep in mind before purchasing an extended auto warranty.
When shopping for an extended auto warranty, it’s essential to compare prices and coverage options. The top-rated companies offer competitive rates and comprehensive coverage that is easy to understand. These providers typically have a low number of complaints and a commitment to customer satisfaction. They also offer a variety of benefits, such as roadside assistance, rental car reimbursement and trip interruption insurance.
Finding the best extended car warranty will take some time and research. There are many options on the market, and prices can vary dramatically. You can shop for a plan directly from the manufacturer or through a third-party provider. When choosing a provider, it’s important to consider the cost of coverage and whether it includes any deductibles. Then, consider your comfort level with risk and the amount of money you can put aside to cover a potential repair bill.
One of the top extended car warranty providers is CARCHEX, which has been protecting drivers since 2005 and offers five different plans. These include everything from bumper-to-bumper to powertrain coverage for cars of any age and make. In addition to extensive coverage, CARCHEX offers a variety of perks, including roadside assistance, rental car reimbursement and towing coverage. The company is accredited by the BBB and has an A+ rating.
Another great option for an extended car warranty is Toco Warranty. This provider’s available plans differ based on the vehicle’s current mileage. Those with less than 100,000 miles can choose the Orange plan, which is similar to bumper-to-bumper protection. Drivers with 100,000 to 200,000 miles can opt for the Blue plan, and those with more than 200,000 miles can select the Green plan.
Another good extended car warranty provider is Endurance, which offers four tiers of coverage for vehicles up to 20 model years old and with up to 200,000 miles on the odometer. In addition to its extensive plans, the company also offers a number of additional perks, such as roadside assistance, key fob replacement and repair financing options up to $5,000. Unlike some of the other best extended car warranty providers, however, Endurance has a C rating with the BBB and doesn’t offer a transparent claims process. Those looking for an extended car warranty should check out the BBB, Trustpilot and Google reviews to find out what other drivers have to say about their experience with a particular provider. It’s also a good idea to consider whether an extended warranty is worth the expense and whether it covers any repairs you need to make before making a decision. For some drivers, an extended auto warranty can pay for itself just by eliminating surprise repair bills and providing peace of mind.