The best extended car warranty provides peace of mind that you will be protected from unforeseen auto repair bills after your manufacturer warranty expires. These warranties, also known as service contracts, are available through dealerships, third-party vendors and some car manufacturers themselves. A good extended warranty provider will cover most mechanical repairs that aren’t covered by your car’s insurance policy, including engine, transmission and drive system problems. Some of the more comprehensive extended warranty plans also include perks like roadside assistance, rental car reimbursement and trip interruption coverage.
Many car owners consider extended warranties as a way to reduce the stress of unexpected repair costs and to help avoid paying for costly repair bills out of pocket. Whether an extended warranty is worth the investment for you depends on several factors, including your financial situation and how much you value your peace of mind. However, it’s important to remember that your auto insurance generally covers vehicle repair expenses and that a warranty may not always be necessary.
In order to find the best extended car warranty for your needs, it is essential to shop around and compare prices and coverage options. Look for a company that offers multiple plan levels and flexible terms. Some providers also offer a buy-back option, allowing you to return the contract if it doesn’t work out for you. Additionally, be sure to choose a provider that is accredited by the Better Business Bureau and has a high customer service rating.
The most expensive extended car warranty options include a bumper-to-bumper warranty, which typically covers most manufacturing and design issues. Other coverage options include a drivetrain warranty and basic powertrain warranties, which are less expensive but still provide valuable protection. You should also be aware that many extended warranty providers will require you to wait up to 30 days or 1,000 miles before you can submit a claim.
An extended warranty from Carchex is a great choice because it allows you to select the specific components you want covered and will pay for any repair bills that are over your deductible amount. The company also offers a 30-day money back guarantee and five different tiers of coverage, so you can choose the best plan for your needs.
Another top option is GM’s PremierCare, which is a customizable warranty that you can choose to cover the components that are most important to your daily commute. This includes the fuel, cooling and air conditioning systems as well as the steering, brakes and suspension. The PremierCare plan is backed by Old United Casualty Company, a reliable insurance company with a high financial reliability rating.
If you’re looking for an extended warranty that’s more affordable, you should check out MPP. The company was founded in 1979 and provides a wide variety of extended warranty options. Its most comprehensive plan protects a vehicle’s engine, transmission, drive axles and more. Its basic powertrain plan is more affordable and covers the same key parts as its Premium option, but doesn’t include the air conditioning system.