How to Find the Best Car Extended Warranty
Buying an extended car warranty can be a wise decision, especially for older vehicles with high repair costs. Many of these warranties cover things that are not covered by the manufacturer's warranty, such as engine and drivetrain repairs. Moreover, these warranties can improve your vehicle's resale value, as they are considered proof of responsible ownership and can boost the price you get for it when you're ready to sell it.
You should always look for a company that has been around for a while and has good reviews. Check online and ask friends and family about their experience with the warranty company you're considering. You should also look for transparency about coverage options, exclusions and terms.
The best car extended warranty companies should offer comprehensive plans, fast quotes and competitive prices. They should have excellent customer support and a wide network of repair shops. They should also allow you to transfer contracts and have flexible payment options. These companies should also have a money-back guarantee in case you're not satisfied with the service they provide.
CarShield is a great choice because it offers bumper-to-bumper and powertrain coverage for up to 10 years or 200,000 miles, which is significantly longer than the industry average. Its online experience is seamless and you can access customer service at any time. In addition, it has a B+ rating from the Better Business Bureau and excellent customer reviews.
Choosing an extended warranty is not easy, but it can save you from paying out of pocket for unexpected repairs. It is important to research the different car extended warranty companies and choose one that has an excellent reputation and the coverage you need. You can also purchase mechanical breakdown insurance (MBI) to cover your car's repair bills, which is much cheaper than a car warranty.
A basic powertrain warranty covers repairs for your engine and transmission, but it doesn't include everything that a premium plan will. A drivetrain warranty, on the other hand, will cover most of the same things and is usually cheaper than a powertrain warranty.
An extended warranty can make financial sense if your car is old and expensive to repair, or you drive a low-reliable brand. It is neither smart nor safe to drive an unreliable vehicle, and a warranty can help you keep your vehicle on the road. WalletHub has reviewed several car warranty companies and scored them on their ability to provide transparent, easy-to-understand policies and affordable rates. It also ranked each company's claims handling and customer service. Here are the top 10.