The best car extended warranty helps cover expensive repairs and maintenance that may not be covered by your vehicle’s original manufacturer warranty. While these warranties can save you money in the long run, it’s important to research companies and compare prices before committing to a plan. You’ll also want to consider the type of coverage you need, such as a bumper-to-bumper or powertrain warranty, and if it makes sense to buy one at all.
Our top picks for the best car extended warranty offer comprehensive coverage options, competitive prices and great customer service. They include 24/7 roadside assistance, rental car reimbursement and transferable plans. We’ve included information on what is covered by each company’s plan, as well as pricing and average mileage limits. We’ve also reviewed customer feedback and BBB complaints to help you find the best car extended warranty for your needs.
An extended warranty for cars is an agreement between you and a car warranty company to pay for mechanical repairs on the vehicle after its manufacturer warranty expires. Typically, you’ll purchase a warranty for a one-time fee or on a monthly basis. While many drivers don’t require an extended warranty, the peace of mind it provides is worth the extra cost in some cases.
Most new cars come with a four-year/36,000-mile factory warranty that covers parts for the first three years of ownership. A car extended warranty can extend this coverage by another few years, which can help you avoid expensive repair bills. There are also other types of extended warranties, such as a powertrain warranty that covers the engine and transmission, and a drivetrain warranty that includes the axles and other mechanic components.
A reputable car warranty provider will offer a wide range of options for vehicles, from entry-level warranties that provide basic protection to comprehensive plans that can last 10 years or more. The best extended car warranty providers will allow you to choose the exact services and coverage you need, and they’ll be transparent about their terms, conditions and costs.
While the price of an extended warranty will depend on the specific terms you select, you can expect to spend between $300 and $800 annually. The most affordable plans are often exclusionary, which means they only cover parts specifically listed in the contract, while the most comprehensive warranties are known as bumper-to-bumper or wrap warranties and may also cover accessories like audio systems.
The best car extended warranty companies provide a seamless, online experience that lets you get quotes and purchase a plan without the stress of an over-the-phone sales pitch or hidden fees. They’ll ask you about your driving habits and annual mileage, and they should clearly state how these factors will affect your rate. For example, if you commute a lot of miles, your vehicle will likely need more repairs than a driver who only drives locally. You’ll also need to keep receipts for routine maintenance and oil changes, as these may be required before your extended warranty will be valid.
