An extended car warranty is essentially a type of service contract that covers repair or replacement of your vehicle’s major components in the event that they break down due to mechanical failure or wear and tear. An extended warranty can be purchased before you register your car, during the registration process or after you’ve purchased your car. There are many factors to consider when shopping for an extended car warranty. Here are some questions to ask before buying one and some things you should definitely avoid when shopping for an extended car warranty.- Read more ...

How much does an extended car warranty cost?

The cost of an extended car warranty will vary depending on the type of coverage and the company providing it. Average costs range between $500 and $1,000 per year. An average cost per year is $100 per month, or $1,200 per year.

Who supplies extended car warranty coverage?

Most major car manufacturers and dealerships offer their own extended car warranty. These extended warranty coverage plans are usually offered by the manufacturer or dealership. Extended warranty coverage plans may also be offered directly by third-party insurance providers who sell these policies through insurance agents. In some cases, an independent extended car warranty provider may offer coverage from different car manufacturers.- Read more ...

What is the point of an extended car warranty?

The primary goal of an extended car warranty is to protect you against major mechanical breakdowns. Extended car warranty coverage helps you to keep your car on the road longer by covering repair or replacement of major car components that break down due to wear and tear, or mechanical issues. An extended car warranty will cover the cost of parts and labor regardless of fault. If you are at fault, you will still be covered under the warranty. With an extended car warranty, you can avoid the high cost of unexpected car repair bills, which can put a significant strain on your budget and affect your credit score.- Read more ...

What is included as standard versus an add-on feature?

Most extended car warranty coverage plans will include several standard features, while others will be offered as optional add-ons. Standard features include coverage for the original owner of the car, coverage for new-car maintenance and repairs, coverage for the entire vehicle (regardless of who is driving it) and coverage for roadside assistance.Standard add-on features include coverage for extra miles driven, coverage for excess wear and tear and coverage for damage to the car’s paint finish. Some extended car warranty coverage plans will not provide coverage for parts that are not listed as standard features.- Read more ...

Which extended car warranty company has the best reputation?

To protect yourself, it is important to do your research and shop around for an extended car warranty that has a good reputation and high customer satisfaction ratings. Car warranty companies have different standards for different types of car coverage. In order to choose the right extended car warranty plan for you, it is important to understand the different types of coverage offered by different car warranty companies.- Read more ...

What are the worst things to consider when shopping for an extended car warranty?

Before you shop for an extended car warranty, it is important to understand what you should avoid when shopping for extended car warranty coverage. First, it is important to know that most extended car warranty coverage plans will not pay for repairs if you exceed the mileage limit on your car. Most extended car warranty coverage plans will also not cover routine maintenance, such as oil changes and tire rotations.- Read more ...

Conclusion

An extended car warranty is an important protection plan to buy before or when you register your car. Before you purchase an extended car warranty, it is important to know what you should be looking for in an extended car warranty. There are several different types of extended car warranty coverage available, so it’s important to shop around and find the best plan for you.